Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0196%/8h= −21.5% APRpaid last 24h −0.002%

Price spread now: Binance against ApeX Omni−0.038%89s7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$430.428% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.149%−$15 on $10k

Price spread, last 3 days (all we have)−0.077%−$8 · spread now −0.038%, 7d avg −0.057%

Together, before fees−0.225%−$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.057%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BCHUSDT	268.74	0.0100	pay 0.0013% / 1h	14m 03s	$73K	$213K	50x
Short	Binance BCHUSDT	268.64	−0.0096	pay 0.0096% / 8h	2h 14m	$74.1M	$229.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee BinancebpOrdersPrice spread, now −0.038%Rate

Funding earned: −$41.2
Price spread: −0.038% → −0.057%: $1.88
Slippage, 4 orders: −$22.78
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$82.1
Costs to cover: 0.428%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 7 min ago; Binance: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 7 min ago	4.28 bp	14.1 bp −$14	98.2 bp −$982	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.19 bp	8.0 bp −$8	18.5 bp −$185	53.2 bp −$5,316	137.0 bp −$68.5K

BCH on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit BCH_USDC-PERPETUAL	−0.0378%	1h	268.74	−0.001%	$440K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	268.50	−0.089%	$716	$110K	12x	as long as short
Phemex BCHUSDT	−0.0193%	8h	268.69	−0.019%	$4.9M	$6.3M	50x	as long as short
SoDEX BCH-USD	−0.0132%	1h	268.66	−0.030%	$2K	$6K	10x	as long as short
MEXC BCH_USDT	−0.0097%	8h	269.32	+0.216%	$71.4M	$6.4M	200x	as long as short
Binance BCHUSDTshort	−0.0096%	8h	268.64	−0.038%	$74.1M	$229.4M	75x
Extended BCH-USD	−0.0096%	1h	268.52	−0.081%	$115K	$653K	25x	as long as short
Variational Omni BCH	−0.0069%	8h	268.54	−0.075%	$85K	$291K	—	as long as short
Bitget BCHUSDT	−0.0039%	8h	268.62	−0.045%	$19.9M	$28.9M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	269.02	+0.104%	$243K	$2.1M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BCH_USDT_Perp	−0.0023%	8h	268.72	−0.007%	$392K	$17K	10x	as long as short
Gate BCH_USDT	−0.0020%	8h	268.68	−0.022%	$8.4M	$14.4M	75x	as long as short
Bybit BCHUSDT	−0.0010%	8h	268.51	−0.086%	$39.5M	$32.1M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	268.72	−0.006%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.07	+0.123%	$1.1M	$11.3M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.78	+0.015%	$4K	—	150x	as long as short
BingX BCH-USDT	+0.0018%	8h	268.69	−0.019%	—	$32.1M	—	as long as short
BloFin BCH-USDT	+0.0022%	8h	268.64	−0.037%	$4.0M	$4.1M	50x	as long as short
OKX BCH-USDT-SWAP	+0.0024%	8h	268.60	−0.052%	$26.3M	$76.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0027%	8h	268.64	−0.037%	$2K	$176	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	268.92	+0.067%	$806K	$3.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	268.76	+0.008%	$377K	$581K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	268.54	−0.076%	$440K	$425K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.99	+0.093%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.80	+0.022%	$236K	$660K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.61	−0.048%	$169K	$460K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.72	−0.007%	$8.9M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.68	−0.024%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDTlong	+0.0100%	1h	268.74	long leg	$73K	$213K	50x
SunX BCH-USDT	+0.0100%	8h	268.42	−0.119%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.61	−0.048%	$774K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0373% / S −0.0574%	1h	268.74	0.000%	$26K	—	100x	as long as short