Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h −0.010%

Price spread now: Injective against Bybit+1.533%7-day average +0.146% · you sell dearer than you buy

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

Long on Bybit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.150%+$15 on $10k

Price spread, last 4 days (all we have)−1.596%−$160 · spread now +1.533%, 7d avg +0.146%

Together, before fees−1.446%−$145 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 Injective is 1.387% dearer against Bybit than usual: you sell high and buy low: +$139 more if the spread goes back to its 7-day average of +0.146%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BCHUSDT	266.12	−0.0061	get 0.0061% / 8h	5h 32m	$39.3M	$31.1M	75x
Short	Injective BCH/USDC PERP	270.20	0.0033	get 0.0004% / 1h	32m 53s	$721	$130K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.533%Rate

Funding earned: $19.81
Price spread: +1.533% → +0.146%: $138.68
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $147.47
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago	1.88 bp	9.6 bp −$10	18.5 bp −$185	62.8 bp −$6,279	doesn't fit
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
SunX BCH-USDT	−0.1677%	8h	265.70	−0.158%	$1K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0526%	8h	265.71	−0.154%	$773K	$1.5M	75x	as long as short
Phemex BCHUSDT	−0.0460%	8h	265.96	−0.060%	$4.9M	$6.6M	50x	as long as short
SoDEX BCH-USD	−0.0326%	1h	265.99	−0.049%	$2K	$8K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0167%	8h	265.87	−0.092%	$388K	$17K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0128%	1h	265.51	−0.229%	$226K	$1.8M	50x	as long as short
Gate BCH_USDT	−0.0125%	8h	266.23	+0.041%	$8.3M	$13.3M	75x	as long as short
Nado BCH-PERP	−0.0124%	1h	265.85	−0.101%	$420K	$339K	10x	as long as short
MEXC BCH_USDT	−0.0113%	8h	266.58	+0.173%	$70.3M	$6.9M	200x	as long as short
Binance BCHUSDT	−0.0112%	8h	266.19	+0.026%	$72.5M	$214.6M	75x	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	−0.0112%	1h	265.97	−0.055%	$116K	$956K	25x	as long as short
Variational Omni BCH	−0.0109%	8h	265.60	−0.196%	$81K	$201K	—	as long as short
OKX BCH-USDT-SWAP	−0.0069%	8h	266.20	+0.030%	$25.3M	$74.3M	50x	as long as short
ApeX Omni BCHUSDT	−0.0069%	1h	265.81	−0.116%	$97K	$227K	50x	as long as short
Bybit BCHUSDTlong	−0.0061%	8h	266.12	long leg	$39.3M	$31.1M	75x
KuCoin BCHUSDTM	−0.0060%	8h	266.12	0.000%	$8.6M	$7.2M	75x	as long as short
Bitget BCHUSDT	−0.0058%	8h	266.08	−0.015%	$19.2M	$28.4M	75x	as long as short
BingX BCH-USDT	−0.0044%	8h	266.20	+0.030%	—	$32.1M	—	as long as short
Kraken Futures PF_BCHUSD	−0.0031%	1h	266.16	+0.013%	$853K	$3.0M	50x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	266.13	+0.002%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.85	−0.103%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.08	−0.015%	$1.1M	$10.3M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	266.10	−0.006%	$446K	$311K	25x	as long as short
BloFin BCH-USDT	+0.0008%	8h	266.04	−0.030%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0021%	1h	265.80	−0.120%	$162K	$322K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0033%	8h	265.95	−0.064%	$2K	$176	10x	as long as short
Injective BCH/USDC PERPshort	+0.0033%	1h	270.20	+1.533%	$721	$130K	12x
Lighter BCH	+0.0096%	1h	266.09	−0.011%	$366K	$477K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.46	+0.128%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.14	+0.007%	$168K	$519K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.65	−0.176%	$19K	$292K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0357% / S −0.0525%	1h	266.08	−0.016%	$25K	—	100x	as long as short