Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0153%/8h= +16.7% APRpaid last 24h +0.002%

Price spread now: ApeX Omni against Binance+0.099%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$380.385% of the position

Long on Binance Short on ApeX Omni

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)+0.333%+$33 · spread now +0.099%, 7d avg +0.054%

Together, before fees+0.470%+$47 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and ApeX Omni is 0.044% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BCHUSDT	263.66	−0.0053	get 0.0053% / 8h	21m 21s	$72.7M	$212.6M	75x
Short	ApeX Omni BCHUSDT	263.92	0.0100	get 0.0013% / 1h	21m 21s	$95K	$242K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.099%Rate

Funding earned: $32.11
Price spread: +0.099% → +0.054%: $4.43
Slippage, 4 orders: −$18.5
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$1.96
Costs to cover: 0.385%
Break-even: 7.4 days

Slippage from Binance: live order book, 7 min ago; ApeX Omni: live order book, 15 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 Binance live order book, 7 min ago	0.19 bp	5.4 bp −$5	10.6 bp −$106	43.8 bp −$4,376	137.1 bp −$68.5K
Sell ApeX Omni live order book, 15 min ago	4.54 bp	12.4 bp −$12	102.8 bp −$1,028	doesn't fit	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	−0.0352%	1h	263.60	−0.023%	$2K	$8K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0220%	1h	263.86	+0.076%	$856K	$2.7M	50x	as long as short
Phemex BCHUSDT	−0.0155%	8h	263.65	−0.004%	$4.9M	$6.5M	50x	as long as short
Variational Omni BCH	−0.0128%	8h	263.90	+0.091%	$81K	$196K	—	as long as short
Bybit BCHUSDT	−0.0109%	8h	263.58	−0.030%	$38.7M	$30.9M	75x	as long as short
HTX BCH-USDT	−0.0087%	8h	263.83	+0.064%	$771K	$1.4M	75x	as long as short
KuCoin BCHUSDTM	−0.0083%	8h	263.97	+0.118%	$8.4M	$6.3M	75x	as long as short
Bitget BCHUSDT	−0.0076%	8h	263.66	0.000%	$19.0M	$27.1M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0066%	8h	263.50	−0.061%	$25.1M	$76.0M	50x	as long as short
Extended BCH-USD	−0.0056%	1h	263.50	−0.063%	$110K	$907K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDTlong	−0.0053%	8h	263.66	long leg	$72.7M	$212.6M	75x
MEXC BCH_USDT	−0.0052%	8h	264.16	+0.190%	$70.5M	$8.9M	200x	as long as short
GRVT BCH_USDT_Perp	−0.0043%	8h	264.06	+0.152%	$385K	$17K	10x	as long as short
BingX BCH-USDT	−0.0041%	8h	263.69	+0.011%	—	$15.3M	—	as long as short
Gate BCH_USDT	−0.0025%	8h	263.81	+0.057%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	263.86	+0.076%	$15K	—	150x	as long as short
Pacifica BCH	−0.0003%	1h	263.94	+0.106%	$158K	$293K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	263.99	+0.127%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.06	+0.152%	$993K	$9.7M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	263.80	+0.052%	$425K	$348K	25x	as long as short
Aster BCHUSDT	+0.0017%	8h	263.89	+0.088%	$136K	$582K	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.480%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	263.69	+0.011%	$2K	—	10x	as long as short
BloFin BCH-USDT	+0.0067%	8h	263.58	−0.030%	$3.5M	$4.5M	50x	as long as short
Nado BCH-PERP	+0.0070%	1h	263.80	+0.052%	$433K	$350K	10x	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	263.87	+0.080%	$245K	$1.9M	50x	as long as short
Lighter BCH	+0.0096%	1h	263.69	+0.012%	$351K	$469K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.85	+0.072%	$5.7M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.72	+0.025%	$18K	$344K	20x	as long as short
ApeX Omni BCHUSDTshort	+0.0100%	1h	263.92	+0.099%	$95K	$242K	50x
SunX BCH-USDT	+0.0100%	8h	263.56	−0.038%	$1K	$1.6M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	263.82	+0.061%	$12K	—	100x	as long as short