Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h −0.087%

Price spread now: Deribit against BingX−0.048%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$300.295% of the position

Long on BingX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.246%−$25 on $10k

Price spread, last 4 days (all we have)+0.045%+$4 · spread now −0.048%, 7d avg +0.019%

Together, before fees−0.201%−$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.067% cheaper against BingX than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.019%). If the spread goes back, that is −$7 on $10k: about 5.8 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.246%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BCH-USDT	264.28	−0.0038	get 0.0038% / 8h	1h 33m	—	$32.9M	—
Short	Deribit BCH_USDC-PERPETUAL	264.15	0	get 0.0000% / 1h	33m 29s	$440K	$336K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BingX. 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 BingXbpFee DeribitbpOrdersPrice spread, now −0.048%Rate

Funding earned: $7.98
Price spread: −0.048% → +0.019%: −$6.65
Slippage, 4 orders: −$12.54
Fee BingX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$28.21
Costs to cover: 0.295%
Break-even: 31.7 days

Slippage from BingX: live order book, 10 min ago; Deribit: live order book, 5 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 BingX live order book, 10 min ago	0.57 bp	6.1 bp −$6	7.2 bp −$72	11.6 bp −$1,157	19.9 bp −$9,959
Sell Deribit live order book, 5 min ago	3.57 bp	8.4 bp −$8	15.3 bp −$153	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	−0.0436%	1h	263.98	−0.114%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0189%	8h	263.90	−0.144%	$772K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0164%	8h	264.04	−0.091%	$4.9M	$6.6M	50x	as long as short
KuCoin BCHUSDTM	−0.0107%	8h	264.24	−0.015%	$8.5M	$6.7M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0103%	1h	264.18	−0.036%	$859K	$3.0M	50x	as long as short
Bitget BCHUSDT	−0.0091%	8h	264.31	+0.011%	$18.9M	$28.4M	75x	as long as short
Variational Omni BCH	−0.0085%	8h	264.00	−0.105%	$81K	$196K	—	as long as short
OKX BCH-USDT-SWAP	−0.0083%	8h	264.20	−0.030%	$25.2M	$77.9M	50x	as long as short
Bybit BCHUSDT	−0.0063%	8h	264.20	−0.030%	$38.8M	$31.8M	75x	as long as short
Binance BCHUSDT	−0.0051%	8h	264.33	+0.018%	$72.8M	$221.0M	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	−0.0050%	8h	264.48	+0.076%	$70.5M	$8.7M	200x	as long as short
Extended BCH-USD	−0.0048%	1h	264.19	−0.035%	$112K	$770K	25x	as long as short
BingX BCH-USDTlong	−0.0038%	8h	264.28	long leg	—	$32.9M	—
GRVT BCH_USDT_Perp	−0.0026%	8h	264.56	+0.104%	$386K	$17K	10x	as long as short
Gate BCH_USDT	−0.0015%	8h	264.29	+0.004%	$8.3M	$13.8M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.24	−0.015%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.41	+0.049%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.40	+0.045%	$984K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUALshort	0.0000%	1h	264.15	−0.048%	$440K	$336K	25x
Coinbase International BCH-PERP-INTX	+0.0008%	1h	265.10	+0.310%	$224K	$1.9M	50x	as long as short
Nado BCH-PERP	+0.0011%	1h	264.25	−0.011%	$434K	$356K	10x	as long as short
ApeX Omni BCHUSDT	+0.0032%	1h	264.58	+0.114%	$95K	$238K	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.240%	$721	$130K	12x	as long as short
SunX BCH-USDT	+0.0044%	8h	263.80	−0.182%	$2K	$1.7M	30x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	263.98	−0.114%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0051%	8h	264.50	+0.083%	$137K	$590K	75x	as long as short
BloFin BCH-USDT	+0.0070%	8h	264.06	−0.083%	$3.9M	$4.5M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.23	−0.019%	$352K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.49	+0.079%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	264.31	+0.011%	$158K	$312K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.48	+0.077%	$18K	$344K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.27	−0.002%	$12K	—	100x	as long as short