Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0167%/8h= −18.2% APRpaid last 24h +0.003%

Price spread now: OKX against ApeX Omni−0.238%110s7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as 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−$430.431% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 4 days (all we have)−0.218%−$22 · spread now −0.238%, 7d avg −0.078%

Together, before fees−0.298%−$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and OKX is 0.160% cheaper against ApeX Omni than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.078%). Swap the legs. The two prices were read 110 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	264.83	0.0100	pay 0.0013% / 1h	15m 37s	$95K	$242K	50x
Short	OKX BCH-USDT-SWAP	264.20	−0.0067	pay 0.0067% / 8h	15m 37s	$25.1M	$76.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.238%Rate

Funding earned: −$34.97
Price spread: −0.238% → −0.078%: −$15.98
Slippage, 4 orders: −$23.14
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$94.09
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 21 min ago; OKX: live order book, 3 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, 21 min ago	4.54 bp	12.2 bp −$12	96.2 bp −$962	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.89 bp	8.8 bp −$9	16.1 bp −$161	97.7 bp −$9,772	doesn't fit

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	−0.0328%	1h	264.46	−0.140%	$2K	$8K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0220%	1h	264.70	−0.049%	$859K	$2.7M	50x	as long as short
Phemex BCHUSDT	−0.0163%	8h	264.58	−0.094%	$4.9M	$6.5M	50x	as long as short
Variational Omni BCH	−0.0133%	8h	264.41	−0.159%	$81K	$196K	—	as long as short
Bybit BCHUSDT	−0.0111%	8h	264.40	−0.162%	$38.9M	$30.9M	75x	as long as short
HTX BCH-USDT	−0.0082%	8h	264.64	−0.072%	$776K	$1.4M	75x	as long as short
KuCoin BCHUSDTM	−0.0082%	8h	264.55	−0.106%	$8.5M	$6.3M	75x	as long as short
Bitget BCHUSDT	−0.0077%	8h	264.32	−0.193%	$19.1M	$27.1M	75x	as long as short
OKX BCH-USDT-SWAPshort	−0.0067%	8h	264.20	−0.238%	$25.1M	$76.3M	50x
Binance BCHUSDT	−0.0051%	8h	264.43	−0.151%	$72.9M	$212.5M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0049%	8h	264.79	−0.015%	$70.6M	$8.9M	200x	as long as short
Extended BCH-USD	−0.0048%	1h	264.26	−0.215%	$112K	$912K	25x	as long as short
BingX BCH-USDC	−0.0041%	8h	264.37	−0.174%	—	$6.5M	—	as long as short
GRVT BCH_USDT_Perp	−0.0041%	8h	264.72	−0.042%	$386K	$17K	10x	as long as short
Gate BCH_USDT	−0.0028%	8h	264.38	−0.170%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.74	−0.035%	$15K	—	150x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0003%	1h	264.63	−0.076%	$426K	$348K	25x	as long as short
Pacifica BCH	−0.0003%	1h	264.47	−0.135%	$158K	$293K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	264.63	−0.074%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.88	+0.019%	$996K	$9.7M	2.7x	as long as short
Aster BCHUSDT	+0.0015%	8h	264.46	−0.140%	$136K	$564K	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.028%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.55	−0.106%	$2K	—	10x	as long as short
BloFin BCH-USDT	+0.0070%	8h	264.69	−0.053%	$3.5M	$4.5M	50x	as long as short
Nado BCH-PERP	+0.0078%	1h	264.46	−0.139%	$434K	$350K	10x	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	265.02	+0.072%	$246K	$1.9M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.52	−0.116%	$352K	$469K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.66	−0.064%	$5.7M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.55	−0.106%	$19K	$345K	20x	as long as short
ApeX Omni BCHUSDTlong	+0.0100%	1h	264.83	long leg	$95K	$242K	50x
SunX BCH-USDT	+0.0100%	8h	264.45	−0.143%	$1K	$1.6M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.65	−0.067%	$12K	—	100x	as long as short