Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1808%/8h= −198.0% APRpaid last 24h −0.009%

Price spread now: SunX against edgeX−0.159%74s7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as 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−$940.939% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 3 days (all we have)+0.154%+$15 · spread now −0.159%, 7d avg −0.010%

Together, before fees+0.145%+ Points / potential airdropedgeX: Active · farm board+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$54 a day on $10k at the current rate, and SunX is 0.148% cheaper against edgeX than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.010%). Swap the legs. The two prices were read 74 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 -0.009% in total (about -0.5% 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	265.01	0.0100	pay 0.0050% / 4h	1h 57m	$19K	$293K	20x
Short	SunX BCH-USDT	264.59	−0.1708	pay 0.1708% / 8h	5h 57m	$1K	$1.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.159%Rate

Funding earned: −$379.74
Price spread: −0.159% → −0.010%: −$14.82
Slippage, 4 orders: −$76.88
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$488.44
Costs to cover: 0.939%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; SunX: live order book, 8 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, 5 min ago	7.35 bp	12.0 bp −$12	33.5 bp −$335	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	19.65 bp	28.9 bp −$29	doesn't fit	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-USDTshort	−0.1708%	8h	264.59	−0.159%	$1K	$1.7M	30x
SoDEX BCH-USD	−0.0558%	1h	264.65	−0.136%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0489%	8h	264.76	−0.094%	$773K	$1.5M	75x	as long as short
Phemex BCHUSDT	−0.0436%	8h	264.63	−0.143%	$4.9M	$6.6M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0414%	1h	264.77	−0.091%	$447K	$253K	25x	as long as short
GRVT BCH_USDT_Perp	−0.0194%	8h	265.15	+0.054%	$387K	$17K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0128%	1h	264.78	−0.087%	$231K	$1.8M	50x	as long as short
Gate BCH_USDT	−0.0114%	8h	264.29	−0.272%	$8.3M	$13.1M	75x	as long as short
Extended BCH-USD	−0.0112%	1h	264.07	−0.356%	$112K	$953K	25x	as long as short
Binance BCHUSDT	−0.0112%	8h	264.07	−0.355%	$71.5M	$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	−0.0111%	8h	264.34	−0.253%	$69.7M	$6.6M	200x	as long as short
Variational Omni BCH	−0.0109%	8h	265.00	−0.002%	$81K	$201K	—	as long as short
ApeX Omni BCHUSDT	−0.0099%	1h	265.18	+0.064%	$97K	$226K	50x	as long as short
OKX BCH-USDT-SWAP	−0.0069%	8h	263.90	−0.419%	$25.1M	$73.7M	50x	as long as short
Bybit BCHUSDT	−0.0058%	8h	264.10	−0.343%	$39.0M	$31.2M	75x	as long as short
Nado BCH-PERP	−0.0057%	1h	264.65	−0.135%	$418K	$346K	10x	as long as short
Bitget BCHUSDT	−0.0052%	8h	264.10	−0.343%	$18.9M	$28.2M	75x	as long as short
BingX BCH-USDT	−0.0040%	8h	264.26	−0.283%	—	$32.2M	—	as long as short
Kraken Futures PF_BCHUSD	−0.0031%	1h	264.97	−0.017%	$850K	$3.0M	50x	as long as short
KuCoin BCHUSDTM	−0.0019%	8h	264.14	−0.328%	$8.5M	$7.3M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	264.47	−0.204%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.45	+0.166%	$1.1M	$10.1M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	264.84	−0.065%	$4K	—	150x	as long as short
Pacifica BCH	+0.0021%	1h	264.17	−0.318%	$161K	$317K	10x	as long as short
Lighter BCH	+0.0024%	1h	264.17	−0.317%	$364K	$477K	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.958%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0035%	8h	264.63	−0.143%	$2K	$176	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.40	−0.230%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	264.36	−0.245%	$167K	$519K	75x	as long as short
edgeX BCHUSDClong	+0.0100%	4h	265.01	long leg	$19K	$293K	20x
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	264.81	−0.076%	$25K	—	100x	as long as short