Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0201%/8h= −22.0% APRpaid last 24h −0.018%

Price spread now: Injective against Binance−0.167%107s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.193%+$19 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Injective is 0.167% cheaper against Binance than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.193%, so the current rate has only just turned against you. The two prices were read 107 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	Binance BCHUSDT	268.95	−0.0102	get 0.0102% / 8h	2h 21m	$74.2M	$229.4M	75x
Short	Injective BCH/USDC PERP	268.50	−0.0304	pay 0.0038% / 1h	21m 27s	$716	$110K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.167%Rate

Funding earned: −$42.26
Price spread: −0.167% → 0.000%: −$16.68
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$68.96
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 7 min ago; Injective: no order-book sample. Net counts fees only.

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	8.0 bp −$8	15.5 bp −$155	49.7 bp −$4,966	138.6 bp −$69.3K
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective BCH/USDC PERPshort	−0.0304%	1h	268.50	−0.167%	$716	$110K	12x
Deribit BCH_USDC-PERPETUAL	−0.0281%	1h	269.00	+0.021%	$440K	$247K	25x	as long as short
Phemex BCHUSDT	−0.0206%	8h	268.88	−0.025%	$4.9M	$6.3M	50x	as long as short
SoDEX BCH-USD	−0.0133%	1h	268.89	−0.022%	$2K	$6K	10x	as long as short
Extended BCH-USD	−0.0104%	1h	268.94	−0.003%	$105K	$643K	25x	as long as short
MEXC BCH_USDT	−0.0103%	8h	269.65	+0.261%	$71.5M	$6.4M	200x	as long as short
Binance BCHUSDTlong	−0.0102%	8h	268.95	long leg	$74.2M	$229.4M	75x
Variational Omni BCH	−0.0076%	8h	268.64	−0.114%	$85K	$291K	—	as long as short
Bitget BCHUSDT	−0.0042%	8h	268.82	−0.048%	$19.9M	$28.9M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0031%	8h	268.83	−0.046%	$392K	$17K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BCHUSDT	−0.0028%	8h	268.90	−0.018%	$39.5M	$32.1M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	268.82	−0.048%	$246K	$2.1M	50x	as long as short
Gate BCH_USDT	−0.0016%	8h	268.96	+0.004%	$8.4M	$14.4M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	268.96	+0.004%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.49	+0.201%	$1.1M	$11.3M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	269.01	+0.023%	$4K	—	150x	as long as short
BingX BCH-USDT	+0.0011%	8h	269.05	+0.038%	—	$32.1M	—	as long as short
BloFin BCH-USDT	+0.0014%	8h	268.82	−0.048%	$4.0M	$4.1M	50x	as long as short
OKX BCH-USDT-SWAP	+0.0016%	8h	268.90	−0.018%	$26.4M	$76.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	268.89	−0.022%	$2K	$176	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	269.19	+0.088%	$807K	$3.2M	50x	as long as short
Nado BCH-PERP	+0.0095%	1h	268.90	−0.017%	$440K	$425K	10x	as long as short
Lighter BCH	+0.0096%	1h	269.06	+0.043%	$377K	$581K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.23	+0.106%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	269.01	+0.024%	$235K	$660K	75x	as long as short
Pacifica BCH	+0.0100%	1h	269.05	+0.038%	$170K	$461K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	269.08	+0.049%	$8.9M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.76	−0.072%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.93	−0.007%	$73K	$213K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.75	−0.074%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.67	−0.104%	$774K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0373% / S −0.0574%	1h	269.02	+0.028%	$26K	—	100x	as long as short