Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.022%

Price spread now: edgeX against Bybit+0.211%61s7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as 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−$450.455% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.132%+$13 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.211%, 7d avg +0.004%

Together, before fees+0.080%+ Points / potential airdropedgeX: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.206% dearer against Bybit than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.004%. The two prices were read 61 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	Bybit BCHUSDT	264.90	0.0007	pay 0.0007% / 8h	4h 24m	$39.1M	$31.0M	75x
Short	edgeX BCHUSDC	265.46	0.0100	get 0.0050% / 4h	24m 37s	$19K	$288K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.211%Rate

Funding earned: $19.51
Price spread: +0.211% → +0.004%: $20.64
Slippage, 4 orders: −$25.48
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$5.33
Costs to cover: 0.455%
Break-even: 8.9 days

Slippage from Bybit: live order book, 4 min ago; edgeX: live order book, 33 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, 4 min ago	1.88 bp	10.7 bp −$11	24.2 bp −$242	65.3 bp −$6,535	doesn't fit
Sell edgeX live order book, 33 min ago	7.39 bp	12.0 bp −$12	14.6 bp −$146	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
SunX BCH-USDT	−0.0539%	8h	265.08	+0.068%	$2K	$1.7M	30x	as long as short
Phemex BCHUSDT	−0.0293%	8h	265.27	+0.140%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0261%	8h	265.19	+0.109%	$773K	$1.4M	75x	as long as short
Nado BCH-PERP	−0.0254%	1h	264.95	+0.019%	$431K	$342K	10x	as long as short
SoDEX BCH-USD	−0.0214%	1h	265.14	+0.091%	$2K	$8K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	265.29	+0.147%	$219K	$1.8M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0097%	8h	264.90	0.000%	$25.0M	$74.7M	50x	as long as short
KuCoin BCHUSDTM	−0.0092%	8h	265.01	+0.042%	$8.5M	$7.0M	75x	as long as short
Binance BCHUSDT	−0.0089%	8h	264.99	+0.034%	$72.1M	$214.0M	75x	as long as short
MEXC BCH_USDT	−0.0089%	8h	265.36	+0.174%	$70.2M	$7.8M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0088%	1h	264.75	−0.057%	$115K	$950K	25x	as long as short
Gate BCH_USDT	−0.0080%	8h	264.87	−0.011%	$8.3M	$13.6M	75x	as long as short
Variational Omni BCH	−0.0078%	8h	265.10	+0.076%	$81K	$201K	—	as long as short
GRVT BCH_USDT_Perp	−0.0076%	8h	265.47	+0.215%	$387K	$17K	10x	as long as short
Bitget BCHUSDT	−0.0075%	8h	264.76	−0.053%	$19.0M	$28.1M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.33	+0.163%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.13	+0.085%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.45	+0.208%	$1.0M	$10.3M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.24	+0.128%	$444K	$331K	25x	as long as short
Bybit BCHUSDTlong	+0.0007%	8h	264.90	long leg	$39.1M	$31.0M	75x
BingX BCH-USDC	+0.0008%	8h	264.82	−0.030%	—	$6.5M	—	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	265.38	+0.180%	$850K	$3.0M	50x	as long as short
BloFin BCH-USDT	+0.0030%	8h	264.98	+0.030%	$3.9M	$4.3M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.001%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0036%	8h	265.10	+0.076%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	264.96	+0.024%	$159K	$307K	10x	as long as short
Lighter BCH	+0.0096%	1h	264.95	+0.017%	$359K	$488K	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	264.84	−0.024%	$167K	$516K	75x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.19	+0.109%	$5.7M	$4.6M	10x	as long as short
edgeX BCHUSDCshort	+0.0100%	4h	265.46	+0.211%	$19K	$288K	20x
ApeX Omni BCHUSDT	+0.0100%	1h	265.47	+0.215%	$97K	$230K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0350% / S −0.0506%	1h	265.28	+0.142%	$24K	—	100x	as long as short