Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0416%/8h= +45.5% APRpaid last 24h +0.100%

Price spread now: edgeX against Deribit−0.019%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on Deribit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.311%+$31 on $10k

Price spread, last 3 days (all we have)−0.012%−$1 · spread now −0.019%, 7d avg −0.043%

Together, before fees+0.300%+ Points / potential airdropedgeX: Active · farm board+$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and edgeX is 0.024% dearer against Deribit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BCH_USDC-PERPETUAL	265.06	−0.0316	get 0.0039% / 1h	59m 13s	$448K	$253K	25x
Short	edgeX BCHUSDC	265.01	0.0100	get 0.0050% / 4h	1h 59m	$19K	$293K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Deribit. 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 DeribitbpFee edgeXbpOrdersPrice spread, now −0.019%Rate

Funding earned: $87.27
Price spread: −0.019% → −0.043%: $2.37
Slippage, 4 orders: −$25.17
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $48.48
Costs to cover: 0.412%
Break-even: 3.1 days

Slippage from Deribit: live order book, 5 min ago; edgeX: live order book, 4 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 Deribit live order book, 5 min ago	3.09 bp	7.9 bp −$8	14.3 bp −$143	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	7.35 bp	11.9 bp −$12	14.5 bp −$145	doesn't fit	doesn't fit

BCH on 31 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	−0.1675%	8h	264.81	−0.095%	$1K	$1.7M	30x	as long as short
SoDEX BCH-USD	−0.0585%	1h	264.97	−0.034%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0489%	8h	264.96	−0.038%	$776K	$1.5M	75x	as long as short
Phemex BCHUSDT	−0.0448%	8h	264.88	−0.068%	$4.9M	$6.6M	50x	as long as short
Deribit BCH_USDC-PERPETUALlong	−0.0316%	1h	265.06	long leg	$448K	$253K	25x
GRVT BCH_USDT_Perp	−0.0194%	8h	265.15	+0.035%	$387K	$17K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0128%	1h	265.20	+0.052%	$231K	$1.8M	50x	as long as short
Gate BCH_USDT	−0.0114%	8h	264.96	−0.038%	$8.4M	$13.1M	75x	as long as short
Extended BCH-USD	−0.0112%	1h	264.89	−0.064%	$112K	$953K	25x	as long as short
Binance BCHUSDT	−0.0111%	8h	264.96	−0.038%	$71.7M	$216.2M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0110%	8h	265.31	+0.094%	$70.0M	$6.5M	200x	as long as short
Variational Omni BCH	−0.0109%	8h	265.00	−0.022%	$81K	$201K	—	as long as short
ApeX Omni BCHUSDT	−0.0099%	1h	265.18	+0.045%	$97K	$226K	50x	as long as short
OKX BCH-USDT-SWAP	−0.0068%	8h	264.90	−0.061%	$25.3M	$74.2M	50x	as long as short
Bybit BCHUSDT	−0.0054%	8h	264.90	−0.061%	$39.2M	$31.4M	75x	as long as short
Bitget BCHUSDT	−0.0051%	8h	264.94	−0.046%	$19.0M	$28.4M	75x	as long as short
BingX BCH-USDT	−0.0040%	8h	264.92	−0.053%	—	$32.2M	—	as long as short
Kraken Futures PF_BCHUSD	−0.0031%	1h	265.26	+0.075%	$851K	$3.0M	50x	as long as short
KuCoin BCHUSDTM	−0.0015%	8h	265.10	+0.015%	$8.6M	$7.3M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	265.29	+0.086%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.33	+0.101%	$1.1M	$10.2M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.14	+0.029%	$4K	—	150x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.939%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0034%	8h	265.00	−0.023%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0040%	1h	265.12	+0.022%	$161K	$317K	10x	as long as short
Lighter BCH	+0.0096%	1h	265.04	−0.010%	$365K	$477K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	265.05	−0.004%	$419K	$346K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.15	+0.034%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.15	+0.033%	$168K	$519K	75x	as long as short
edgeX BCHUSDCshort	+0.0100%	4h	265.01	−0.019%	$19K	$293K	20x
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.10	+0.015%	$25K	—	100x	as long as short