Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0147%/8h= −16.1% APRpaid last 24h +0.018%

Price spread now: Binance against Injective−1.621%107s7-day average −0.128% · you buy dearer than you sell

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

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.182%−$18 on $10k

Price spread, last 4 days (all we have)+1.717%+$172 · spread now −1.621%, 7d avg −0.128%

Together, before fees+1.535%+$153 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 1.493% cheaper against Injective than usual: you would sell low and buy high (−$149 if the spread goes back to its 7-day average of −0.128%). Swap the legs. The two prices were read 107 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	Injective BCH/USDC PERP	270.20	0.0033	pay 0.0004% / 1h	35m 34s	$721	$130K	12x
Short	Binance BCHUSDT	265.82	−0.0114	pay 0.0114% / 8h	5h 35m	$72.4M	$214.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee BinancebpOrdersPrice spread, now −1.621%Rate

Funding earned: −$30.85
Price spread: −1.621% → −0.128%: −$149.31
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: −$190.19
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Binance: live order book, 8 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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 8 min ago	0.19 bp	8.7 bp −$9	17.8 bp −$178	56.9 bp −$5,690	138.5 bp −$69.2K

Injective: 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
SunX BCH-USDT	−0.1742%	8h	265.35	−1.795%	$1K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0539%	8h	265.09	−1.891%	$770K	$1.5M	75x	as long as short
Phemex BCHUSDT	−0.0459%	8h	265.63	−1.691%	$4.9M	$6.6M	50x	as long as short
SoDEX BCH-USD	−0.0355%	1h	265.75	−1.647%	$2K	$8K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0175%	8h	265.32	−1.807%	$387K	$17K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0128%	1h	265.51	−1.736%	$226K	$1.8M	50x	as long as short
Nado BCH-PERP	−0.0122%	1h	265.85	−1.610%	$420K	$339K	10x	as long as short
Gate BCH_USDT	−0.0117%	8h	265.69	−1.669%	$8.3M	$13.3M	75x	as long as short
MEXC BCH_USDT	−0.0114%	8h	265.91	−1.588%	$70.2M	$6.9M	200x	as long as short
Binance BCHUSDTshort	−0.0114%	8h	265.82	−1.621%	$72.4M	$214.5M	75x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0112%	1h	265.58	−1.711%	$116K	$956K	25x	as long as short
Variational Omni BCH	−0.0109%	8h	265.60	−1.703%	$81K	$201K	—	as long as short
OKX BCH-USDT-SWAP	−0.0074%	8h	265.80	−1.628%	$25.2M	$74.1M	50x	as long as short
Bybit BCHUSDT	−0.0068%	8h	265.90	−1.591%	$39.2M	$31.1M	75x	as long as short
KuCoin BCHUSDTM	−0.0060%	8h	265.66	−1.680%	$8.6M	$7.2M	75x	as long as short
Bitget BCHUSDT	−0.0058%	8h	265.72	−1.658%	$19.2M	$28.4M	75x	as long as short
ApeX Omni BCHUSDT	−0.0055%	1h	265.17	−1.862%	$97K	$226K	50x	as long as short
BingX BCH-USDC	−0.0044%	8h	265.62	−1.695%	—	$6.5M	—	as long as short
Kraken Futures PF_BCHUSD	−0.0031%	1h	265.96	−1.570%	$852K	$3.0M	50x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.83	−1.618%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.69	−1.670%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.97	−1.566%	$1.1M	$10.3M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.88	−1.601%	$446K	$311K	25x	as long as short
BloFin BCH-USDT	+0.0005%	8h	265.38	−1.784%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0021%	1h	265.59	−1.706%	$161K	$322K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0032%	8h	265.72	−1.658%	$2K	$176	10x	as long as short
Injective BCH/USDC PERPlong	+0.0033%	1h	270.20	long leg	$721	$130K	12x
Lighter BCH	+0.0096%	1h	265.49	−1.742%	$365K	$477K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.68	−1.673%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.68	−1.673%	$168K	$519K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.14	−1.871%	$19K	$292K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.83	−1.617%	$25K	—	100x	as long as short