Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.083%

Price spread now: OKX against Deribit+0.107%7-day average −0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$370.365% of the position

Long on Deribit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.199%+$20 on $10k

Price spread, last 4 days (all we have)−0.125%−$13 · spread now +0.107%, 7d avg −0.049%

Together, before fees+0.074%+$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.156% dearer against Deribit than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of −0.049%): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.199%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BCH_USDC-PERPETUAL	264.22	0	get 0.0000% / 1h	19m 36s	$426K	$348K	25x
Short	OKX BCH-USDT-SWAP	264.50	−0.0067	pay 0.0067% / 8h	19m 36s	$25.2M	$76.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.107%Rate

Funding earned: −$14
Price spread: +0.107% → −0.049%: $15.6
Slippage, 4 orders: −$19.55
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$34.95
Costs to cover: 0.365%
Break-even: never at this rate

Slippage from Deribit: live order book, 14 min ago; OKX: 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, 14 min ago	3.68 bp	8.7 bp −$9	15.9 bp −$159	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.90 bp	9.7 bp −$10	17.1 bp −$171	99.6 bp −$9,962	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	−0.0340%	1h	264.08	−0.051%	$2K	$8K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0220%	1h	264.30	+0.030%	$858K	$2.7M	50x	as long as short
Phemex BCHUSDT	−0.0152%	8h	264.17	−0.017%	$4.9M	$6.5M	50x	as long as short
Variational Omni BCH	−0.0128%	8h	263.50	−0.270%	$81K	$196K	—	as long as short
Bybit BCHUSDT	−0.0110%	8h	264.43	+0.081%	$38.9M	$30.9M	75x	as long as short
HTX BCH-USDT	−0.0086%	8h	264.16	−0.021%	$773K	$1.4M	75x	as long as short
KuCoin BCHUSDTM	−0.0083%	8h	264.57	+0.134%	$8.4M	$6.3M	75x	as long as short
Bitget BCHUSDT	−0.0075%	8h	264.58	+0.138%	$19.1M	$27.1M	75x	as long as short
OKX BCH-USDT-SWAPshort	−0.0067%	8h	264.50	+0.107%	$25.2M	$76.3M	50x
Extended BCH-USD	−0.0056%	1h	264.48	+0.100%	$110K	$907K	25x	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	−0.0052%	8h	264.92	+0.266%	$70.7M	$8.9M	200x	as long as short
Binance BCHUSDT	−0.0051%	8h	264.64	+0.159%	$72.9M	$212.7M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0043%	8h	264.06	−0.059%	$385K	$17K	10x	as long as short
BingX BCH-USDC	−0.0041%	8h	264.59	+0.142%	—	$6.5M	—	as long as short
Gate BCH_USDT	−0.0024%	8h	264.65	+0.164%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.33	+0.044%	$15K	—	150x	as long as short
Pacifica BCH	−0.0003%	1h	264.57	+0.133%	$159K	$293K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	264.62	+0.154%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.12	−0.036%	$994K	$9.7M	2.7x	as long as short
Deribit BCH_USDC-PERPETUALlong	0.0000%	1h	264.22	long leg	$426K	$348K	25x
Aster BCHUSDT	+0.0016%	8h	264.53	+0.118%	$136K	$582K	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.265%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.06	−0.059%	$2K	—	10x	as long as short
BloFin BCH-USDT	+0.0067%	8h	263.58	−0.241%	$3.5M	$4.5M	50x	as long as short
Nado BCH-PERP	+0.0070%	1h	263.87	−0.130%	$433K	$350K	10x	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	263.87	−0.131%	$245K	$1.9M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.64	+0.159%	$353K	$469K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.71	+0.187%	$5.7M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.72	−0.186%	$18K	$344K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	263.92	−0.112%	$95K	$242K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	263.85	−0.139%	$1K	$1.6M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.37	+0.058%	$12K	—	100x	as long as short