Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0143%/8h= +15.7% APRpaid last 24h −0.003%

Price spread now: ApeX Omni against Gate+0.350%81s7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as 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−$550.547% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 4 days (all we have)−0.234%−$23 · spread now +0.350%, 7d avg +0.046%

Together, before fees−0.130%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and ApeX Omni is 0.304% dearer against Gate than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.046%. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BCH_USDT	265.52	−0.0043	get 0.0043% / 8h	3h 50m	$8.3M	$13.6M	75x
Short	ApeX Omni BCHUSDT	266.45	0.0100	get 0.0013% / 1h	50m 12s	$97K	$233K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.350%Rate

Funding earned: $30.03
Price spread: +0.350% → +0.046%: $30.43
Slippage, 4 orders: −$29.67
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $5.8
Costs to cover: 0.547%
Break-even: 5.6 days

Slippage from Gate: live order book, 3 min ago; ApeX Omni: live order book, 1 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 Gate live order book, 3 min ago	2.44 bp	12.2 bp −$12	16.2 bp −$162	31.4 bp −$3,135	43.1 bp −$21.5K
Sell ApeX Omni live order book, 1 min ago	6.20 bp	13.3 bp −$13	98.7 bp −$987	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	−0.0290%	8h	265.37	−0.056%	$2K	$1.7M	30x	as long as short
Phemex BCHUSDT	−0.0264%	8h	265.48	−0.015%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0232%	8h	265.48	−0.015%	$774K	$1.4M	75x	as long as short
Nado BCH-PERP	−0.0167%	1h	265.57	+0.019%	$428K	$345K	10x	as long as short
SoDEX BCH-USD	−0.0149%	1h	265.36	−0.060%	$2K	$8K	10x	as long as short
OKX BCH-USDT-SWAP	−0.0103%	8h	265.30	−0.083%	$25.1M	$76.3M	50x	as long as short
KuCoin BCHUSDTM	−0.0084%	8h	265.46	−0.023%	$8.5M	$7.0M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0081%	1h	265.39	−0.049%	$444K	$332K	25x	as long as short
Binance BCHUSDT	−0.0081%	8h	265.49	−0.011%	$72.1M	$215.5M	75x	as long as short
MEXC BCH_USDT	−0.0081%	8h	265.85	+0.124%	$70.4M	$7.9M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0080%	1h	265.16	−0.135%	$112K	$958K	25x	as long as short
Bitget BCHUSDT	−0.0078%	8h	265.42	−0.038%	$19.0M	$28.2M	75x	as long as short
Variational Omni BCH	−0.0068%	8h	265.90	+0.144%	$82K	$197K	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	265.45	−0.026%	$217K	$1.8M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0054%	8h	266.56	+0.394%	$389K	$17K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0051%	1h	265.57	+0.018%	$853K	$3.0M	50x	as long as short
Gate BCH_USDTlong	−0.0043%	8h	265.52	long leg	$8.3M	$13.6M	75x
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.53	+0.003%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.75	+0.086%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.84	+0.121%	$1.0M	$10.4M	2.7x	as long as short
Bybit BCHUSDT	+0.0008%	8h	265.50	−0.008%	$39.2M	$31.2M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.763%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0038%	8h	265.91	+0.147%	$3.9M	$4.3M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0043%	8h	265.34	−0.068%	$2K	$176	10x	as long as short
BingX BCH-USDC	+0.0050%	8h	265.45	−0.026%	—	$6.5M	—	as long as short
Aster BCHUSDT	+0.0093%	8h	265.75	+0.088%	$154K	$541K	75x	as long as short
Lighter BCH	+0.0096%	1h	265.49	−0.012%	$358K	$488K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.68	+0.061%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	265.66	+0.053%	$160K	$303K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.21	+0.262%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDTshort	+0.0100%	1h	266.45	+0.350%	$97K	$233K	50x
GMX BCH/USD [WBTC.b-USDC]	L +0.0358% / S −0.0530%	1h	265.47	−0.017%	$25K	—	100x	as long as short