Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0066%/8h= +7.3% APRpaid last 24h +0.035%

Price spread now: BloFin against dYdX−0.086%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.086% cheaper against dYdX than usual: you would sell low and buy high (spread −0.086% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 4.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BCH-USD	266.50	0	get 0.0000% / 1h	32m 23s	$5K	$240	10x
Short	BloFin BCH-USDT	266.27	0.0066	get 0.0066% / 8h	7h 32m	$3.5M	$5.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against dYdX. 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 dYdXbpFee BloFinbpOrdersPrice spread, now −0.086%Rate

Funding earned: $13.91
Price spread: −0.086% → 0.000%: −$8.62
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$16.71
Costs to cover: 0.220%
Break-even: 15.4 days

Slippage unknown: dYdX: no order-book sample; BloFin: live order book, 6 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 6 min ago	2.06 bp	9.5 bp −$9	14.0 bp −$140	33.6 bp −$3,356	doesn't fit

dYdX: 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
SoDEX BCH-USD	−0.0378%	1h	266.19	−0.116%	$2K	$8K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0180%	8h	266.85	+0.133%	$389K	$17K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0159%	1h	266.41	−0.035%	$869K	$2.7M	50x	as long as short
Variational Omni BCH	−0.0129%	8h	266.91	+0.152%	$149K	$262K	—	as long as short
OKX BCH-USDT-SWAP	−0.0098%	8h	265.90	−0.225%	$25.1M	$78.0M	50x	as long as short
KuCoin BCHUSDTM	−0.0072%	8h	266.20	−0.112%	$8.5M	$6.2M	75x	as long as short
Bitget BCHUSDT	−0.0072%	8h	266.00	−0.188%	$19.1M	$27.3M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0065%	1h	266.31	−0.069%	$418K	$359K	25x	as long as short
Extended BCH-USD	−0.0056%	1h	265.98	−0.195%	$119K	$915K	25x	as long as short
Binance BCHUSDT	−0.0055%	8h	265.97	−0.198%	$73.5M	$216.2M	75x	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	−0.0053%	8h	266.60	+0.038%	$71.6M	$9.3M	200x	as long as short
Gate BCH_USDT	−0.0047%	8h	266.12	−0.142%	$8.3M	$12.9M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	266.43	−0.025%	$15K	—	150x	as long as short
Phemex BCHUSDT	−0.0002%	8h	266.32	−0.067%	$4.9M	$6.5M	50x	as long as short
Pacifica BCH	−0.0002%	1h	266.32	−0.068%	$155K	$296K	10x	as long as short
dYdX BCH-USDlong	0.0000%	1h	266.50	long leg	$5K	$240	10x
Kalshi KXBCHPERP	0.0000%	8h	266.64	+0.053%	$1.0M	$9.1M	2.7x	as long as short
Aster BCHUSDT	+0.0005%	8h	266.37	−0.050%	$143K	$574K	75x	as long as short
Bybit BCHUSDT	+0.0012%	8h	265.98	−0.195%	$39.3M	$32.2M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.388%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0043%	8h	266.06	−0.165%	$2K	—	10x	as long as short
BloFin BCH-USDTshort	+0.0066%	8h	266.27	−0.086%	$3.5M	$5.1M	50x
Coinbase International BCH-PERP-INTX	+0.0088%	1h	268.36	+0.698%	$304K	$2.1M	50x	as long as short
Lighter BCH	+0.0096%	1h	266.40	−0.036%	$375K	$495K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	265.98	−0.196%	$427K	$352K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.22	−0.105%	$5.8M	$4.7M	10x	as long as short
BingX BCH-USDC	+0.0100%	8h	266.03	−0.176%	—	$6.5M	—	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.89	+0.145%	$19K	$345K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	267.84	+0.503%	$97K	$241K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.01	−0.184%	$1K	$1.6M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	265.98	−0.195%	$775K	$1.4M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	266.15	−0.130%	$12K	—	100x	as long as short