Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0489%/8h= −53.6% APRpaid last 24h −0.034%

Price spread now: Phemex against edgeX−0.066%78s7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as 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−$410.407% of the position

Long on edgeX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 4 days (all we have)−0.131%−$13 · spread now −0.066%, 7d avg +0.024%

Together, before fees−0.298%+ Points / potential airdropedgeX: Active · farm board−$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Phemex is 0.090% cheaper against edgeX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.024%). Swap the legs. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.166% in total (about -8.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BCHUSDC	266.06	0.0100	pay 0.0050% / 4h	1h 10m	$19K	$289K	20x
Short	Phemex BCHUSDT	265.88	−0.0389	pay 0.0389% / 8h	5h 10m	$4.9M	$6.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against edgeX. 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 edgeXbpFee PhemexbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$102.75
Price spread: −0.066% → +0.024%: −$9.01
Slippage, 4 orders: −$19.69
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$152.45
Costs to cover: 0.407%
Break-even: never at this rate

Slippage from edgeX: live order book, 53 min ago; Phemex: 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 edgeX live order book, 53 min ago	7.35 bp	12.0 bp −$12	33.5 bp −$335	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	0.56 bp	8.4 bp −$8	18.5 bp −$185	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	−0.1135%	8h	265.76	−0.111%	$2K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0424%	8h	265.91	−0.055%	$773K	$1.4M	75x	as long as short
Phemex BCHUSDTshort	−0.0389%	8h	265.88	−0.066%	$4.9M	$6.5M	50x
SoDEX BCH-USD	−0.0304%	1h	265.92	−0.051%	$2K	$8K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0129%	1h	266.05	−0.002%	$445K	$331K	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0128%	1h	266.40	+0.130%	$224K	$1.8M	50x	as long as short
Nado BCH-PERP	−0.0124%	1h	266.11	+0.019%	$423K	$339K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0118%	8h	266.13	+0.028%	$388K	$17K	10x	as long as short
Binance BCHUSDT	−0.0105%	8h	265.80	−0.096%	$72.3M	$213.5M	75x	as long as short
Extended BCH-USD	−0.0104%	1h	265.63	−0.159%	$112K	$952K	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	−0.0104%	8h	266.15	+0.036%	$70.2M	$7.0M	200x	as long as short
Variational Omni BCH	−0.0094%	8h	266.00	−0.021%	$81K	$201K	—	as long as short
Gate BCH_USDT	−0.0091%	8h	265.96	−0.036%	$8.3M	$13.3M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0075%	8h	265.80	−0.096%	$25.1M	$74.2M	50x	as long as short
KuCoin BCHUSDTM	−0.0069%	8h	265.97	−0.032%	$8.6M	$7.1M	75x	as long as short
Bitget BCHUSDT	−0.0066%	8h	265.71	−0.130%	$19.2M	$28.1M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0031%	1h	266.17	+0.044%	$853K	$3.0M	50x	as long as short
BingX BCH-USDC	−0.0031%	8h	265.92	−0.051%	—	$6.5M	—	as long as short
Bybit BCHUSDT	−0.0028%	8h	265.80	−0.096%	$39.2M	$30.9M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	266.13	+0.028%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	266.50	+0.166%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.24	+0.069%	$1.1M	$10.2M	2.7x	as long as short
BloFin BCH-USDT	+0.0015%	8h	266.35	+0.111%	$4.0M	$4.2M	50x	as long as short
Pacifica BCH	+0.0021%	1h	266.25	+0.073%	$162K	$321K	10x	as long as short
ApeX Omni BCHUSDT	+0.0030%	1h	266.30	+0.092%	$97K	$227K	50x	as long as short
Orderly PERP_BCH_USDC	+0.0033%	8h	265.89	−0.062%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.558%	$721	$130K	12x	as long as short
Lighter BCH	+0.0096%	1h	265.93	−0.047%	$364K	$482K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.14	+0.032%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.23	+0.064%	$168K	$519K	75x	as long as short
edgeX BCHUSDClong	+0.0100%	4h	266.06	long leg	$19K	$289K	20x
GMX BCH/USD [WBTC.b-USDC]	L +0.0357% / S −0.0525%	1h	266.06	0.000%	$25K	—	100x	as long as short