Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0057%/8h= −6.3% APRpaid last 24h +0.024%

Price spread now: Bitget against Injective−0.315%7-day average −0.098% · you buy dearer than you sell

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

Long on Injective Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.135%−$13 on $10k

Price spread, last 3 days (all we have)+1.605%+$161 · spread now −0.315%, 7d avg −0.098%

Together, before fees+1.470%+$147 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.216% cheaper against Injective than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.098%). Swap the legs.

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	10m 58s	$721	$130K	12x
Short	Bitget BCHUSDT	269.35	−0.0024	pay 0.0024% / 8h	7h 10m	$19.3M	$29.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Injective. 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 InjectivebpFee BitgetbpOrdersPrice spread, now −0.315%Rate

Funding earned: −$12.04
Price spread: −0.315% → −0.098%: −$21.62
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$45.68
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago	0.74 bp	10.7 bp −$11	12.5 bp −$125	41.6 bp −$4,158	doesn't fit

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
Phemex BCHUSDT	−0.0620%	8h	269.23	−0.359%	$5.0M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0543%	1h	269.20	−0.370%	$2K	$6K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0495%	1h	269.42	−0.287%	$455K	$266K	25x	as long as short
ApeX Omni BCHUSDT	−0.0214%	1h	269.80	−0.148%	$73K	$215K	50x	as long as short
Gate BCH_USDT	−0.0191%	8h	269.33	−0.322%	$8.5M	$14.3M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0169%	8h	269.62	−0.215%	$393K	$17K	10x	as long as short
Variational Omni BCH	−0.0126%	8h	269.21	−0.368%	$83K	$285K	—	as long as short
Extended BCH-USD	−0.0072%	1h	269.44	−0.282%	$117K	$961K	25x	as long as short
Binance BCHUSDT	−0.0070%	8h	269.38	−0.303%	$73.0M	$229.6M	75x	as long as short
MEXC BCH_USDT	−0.0067%	8h	269.73	−0.174%	$70.7M	$6.7M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BCHUSDT	−0.0064%	8h	269.40	−0.296%	$39.8M	$32.6M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0056%	1h	269.44	−0.281%	$231K	$2.0M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	269.56	−0.236%	$858K	$3.1M	50x	as long as short
Bitget BCHUSDTshort	−0.0024%	8h	269.35	−0.315%	$19.3M	$29.2M	75x
gTrade (Gains Network) BCH/USD	L −0.0003% / S +0.0007%	1h	269.64	−0.206%	$7K	—	150x	as long as short
OKX BCH-USDT-SWAP	−0.0001%	8h	269.40	−0.296%	$26.2M	$76.4M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	269.59	−0.225%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.79	−0.152%	$1.1M	$10.9M	2.7x	as long as short
BingX BCH-USDC	+0.0013%	8h	269.17	−0.381%	—	$6.5M	—	as long as short
Orderly PERP_BCH_USDC	+0.0029%	8h	269.31	−0.329%	$2K	$176	10x	as long as short
Nado BCH-PERP	+0.0031%	1h	269.45	−0.278%	$437K	$419K	10x	as long as short
Injective BCH/USDC PERPlong	+0.0033%	1h	270.20	long leg	$721	$130K	12x
BloFin BCH-USDT	+0.0050%	8h	269.22	−0.363%	$3.9M	$4.3M	50x	as long as short
Lighter BCH	+0.0096%	1h	269.33	−0.322%	$371K	$530K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.58	−0.228%	$6.6M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	269.36	−0.310%	$177K	$658K	75x	as long as short
Pacifica BCH	+0.0100%	1h	269.46	−0.273%	$164K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	269.36	−0.311%	$8.8M	$7.6M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	269.52	−0.250%	$19K	$292K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	269.22	−0.363%	$2K	$1.9M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	269.28	−0.340%	$782K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0335% / S −0.0451%	1h	269.54	−0.244%	$25K	—	100x	as long as short