Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0147%/8h= −16.1% APRpaid last 24h −0.002%

Price spread now: MEXC against ApeX Omni−0.094%66s7-day average +0.134% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as 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−$360.355% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.137%−$14 on $10k

Price spread, last 4 days (all we have)+0.172%+$17 · spread now −0.094%, 7d avg +0.134%

Together, before fees+0.034%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and MEXC is 0.228% cheaper against ApeX Omni than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.134%). Swap the legs. The two prices were read 66 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	265.32	0.0100	pay 0.0013% / 1h	2m 12s	$95K	$240K	50x
Short	MEXC BCH_USDT	265.07	−0.0047	pay 0.0047% / 8h	1h 02m	$70.8M	$8.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.094%Rate

Funding earned: −$30.87
Price spread: −0.094% → +0.134%: −$22.83
Slippage, 4 orders: −$21.54
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$89.24
Costs to cover: 0.355%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 39 min ago; MEXC: live order book, 2 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, 39 min ago	4.53 bp	11.8 bp −$12	96.7 bp −$967	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.32 bp	7.0 bp −$7	17.1 bp −$171	49.2 bp −$4,919	83.4 bp −$41.7K

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
SoDEX BCH-USD	−0.0352%	1h	264.66	−0.249%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0153%	8h	264.68	−0.241%	$4.9M	$6.6M	50x	as long as short
HTX BCH-USDT	−0.0144%	8h	264.67	−0.245%	$774K	$1.4M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0103%	1h	264.88	−0.166%	$862K	$2.9M	50x	as long as short
Variational Omni BCH	−0.0094%	8h	265.40	+0.031%	$81K	$196K	—	as long as short
KuCoin BCHUSDTM	−0.0090%	8h	264.81	−0.192%	$8.5M	$6.6M	75x	as long as short
Bitget BCHUSDT	−0.0078%	8h	264.71	−0.230%	$18.9M	$28.3M	75x	as long as short
Bybit BCHUSDT	−0.0072%	8h	264.50	−0.309%	$38.8M	$31.8M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0069%	8h	264.50	−0.309%	$25.2M	$77.6M	50x	as long as short
Extended BCH-USD	−0.0048%	1h	264.50	−0.307%	$111K	$865K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0048%	8h	264.70	−0.234%	$72.9M	$219.4M	75x	as long as short
MEXC BCH_USDTshort	−0.0047%	8h	265.07	−0.094%	$70.8M	$8.8M	200x
BingX BCH-USDT	−0.0034%	8h	264.62	−0.264%	—	$32.9M	—	as long as short
GRVT BCH_USDT_Perp	−0.0028%	8h	265.22	−0.038%	$387K	$17K	10x	as long as short
Nado BCH-PERP	−0.0013%	1h	264.68	−0.243%	$434K	$357K	10x	as long as short
Gate BCH_USDT	−0.0011%	8h	264.68	−0.241%	$8.3M	$13.9M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.77	−0.207%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.96	−0.135%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.97	−0.132%	$985K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.78	−0.203%	$441K	$337K	25x	as long as short
Coinbase International BCH-PERP-INTX	+0.0008%	1h	265.90	+0.219%	$225K	$1.9M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.839%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0045%	8h	264.66	−0.249%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0047%	8h	264.56	−0.288%	$137K	$590K	75x	as long as short
BloFin BCH-USDT	+0.0072%	8h	265.01	−0.117%	$3.9M	$4.5M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.70	−0.234%	$352K	$496K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.86	−0.173%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	264.63	−0.260%	$159K	$311K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.19	−0.048%	$19K	$345K	20x	as long as short
ApeX Omni BCHUSDTlong	+0.0100%	1h	265.32	long leg	$95K	$240K	50x
SunX BCH-USDT	+0.0100%	8h	264.44	−0.332%	$1K	$1.7M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.75	−0.215%	$12K	—	100x	as long as short