Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0230%/8hpaid last 24h −0.073%

Price spread now: Deribit against Bybit+0.113%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on Bybit Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.161%−$16 on $10k

Price spread, last 3 days (all we have)−0.107%−$11 · spread now +0.113%, 7d avg +0.041%

Together, before fees−0.268%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.072% dearer against Bybit than usual: you sell high and buy low (spread +0.113% now, against its 7-day average of +0.041%): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.161% in total) that is about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BCHUSDT	265.69	−0.0099	get 0.0099% / 8h	4h 06m	$39.3M	$31.8M	75x
Short	Deribit BCH_USDC-PERPETUAL	265.99	−0.0329	pay 0.0041% / 1h	6m 58s	$433K	$252K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bybit. 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 BybitbpFee DeribitbpOrdersPrice spread, now +0.113%Rate

Funding earned: −$48.2
Price spread: +0.113% → +0.041%: $7.22
Slippage, 4 orders: −$17.06
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$76.03
Costs to cover: 0.351%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Deribit: live order book, 26 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 Bybit live order book, 1 min ago	1.88 bp	9.7 bp −$10	21.3 bp −$213	74.0 bp −$7,395	doesn't fit
Sell Deribit live order book, 26 min ago	3.48 bp	7.3 bp −$7	14.7 bp −$147	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	−0.0452%	1h	265.83	+0.053%	$2K	$6K	10x	as long as short
Deribit BCH_USDC-PERPETUALshort	−0.0329%	1h	265.99	+0.113%	$433K	$252K	25x
Phemex BCHUSDT	−0.0271%	8h	265.77	+0.030%	$4.8M	$5.9M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0198%	1h	266.09	+0.150%	$813K	$3.1M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0137%	8h	265.47	−0.085%	$387K	$17K	10x	as long as short
Binance BCHUSDT	−0.0124%	8h	265.84	+0.058%	$73.1M	$225.5M	75x	as long as short
MEXC BCH_USDT	−0.0123%	8h	266.38	+0.260%	$70.5M	$5.9M	200x	as long as short
Extended BCH-USD	−0.0120%	1h	265.74	+0.017%	$103K	$646K	25x	as long as short
Nado BCH-PERP	−0.0113%	1h	265.65	−0.015%	$452K	$387K	10x	as long as short
Bybit BCHUSDTlong	−0.0099%	8h	265.69	long leg	$39.3M	$31.8M	75x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0098%	8h	265.95	+0.098%	$8.3M	$14.2M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0072%	1h	265.85	+0.060%	$223K	$2.0M	50x	as long as short
Bitget BCHUSDT	−0.0042%	8h	265.75	+0.023%	$19.3M	$27.6M	75x	as long as short
SunX BCH-USDT	−0.0036%	8h	265.81	+0.045%	$1K	$2.0M	30x	as long as short
Variational Omni BCH	−0.0031%	8h	265.35	−0.128%	$75K	$277K	—	as long as short
HTX BCH-USDT	−0.0011%	8h	265.86	+0.064%	$772K	$1.5M	75x	as long as short
BloFin BCH-USDT	−0.0004%	8h	265.82	+0.049%	$3.9M	$4.0M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0003%	8h	265.70	+0.004%	$24.9M	$72.8M	50x	as long as short
BingX BCH-USDT	−0.0002%	8h	265.90	+0.079%	—	$32.2M	—	as long as short
dYdX BCH-USD	0.0000%	1h	266.14	+0.169%	$5K	$229	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.29	+0.226%	$1.0M	$11.4M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	266.18	+0.186%	$4K	—	150x	as long as short
KuCoin BCHUSDTM	+0.0024%	8h	265.95	+0.098%	$8.9M	$8.0M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	264.28	−0.531%	$705	$52K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0043%	8h	265.92	+0.087%	$2K	$176	10x	as long as short
Lighter BCH	+0.0096%	1h	265.92	+0.085%	$376K	$598K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.12	+0.162%	$5.2M	$3.8M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.04	+0.134%	$237K	$669K	75x	as long as short
Pacifica BCH	+0.0100%	1h	265.85	+0.060%	$167K	$452K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.71	+0.009%	$21K	$285K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.92	+0.087%	$72K	$216K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0331% / S −0.0444%	1h	266.14	+0.171%	$25K	—	100x	as long as short