Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h +0.010%

Price spread now: Bybit against Injective−2.517%7-day average −0.170% · you buy dearer than you sell

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

Long on Injective Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.150%−$15 on $10k

Price spread, last 4 days (all we have)+2.962%+$296 · spread now −2.517%, 7d avg −0.170%

Together, before fees+2.812%+$281 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 Bybit is 2.347% cheaper against Injective than usual: you would sell low and buy high (−$235 if the spread goes back to its 7-day average of −0.170%). 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	46m 56s	$721	$130K	12x
Short	Bybit BCHUSDT	263.40	−0.0034	pay 0.0034% / 8h	4h 46m	$38.9M	$30.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −2.517%Rate

Funding earned: −$14.22
Price spread: −2.517% → −0.170%: −$234.71
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$259.95
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago	1.90 bp	11.1 bp −$11	21.4 bp −$214	79.9 bp −$7,990	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
SunX BCH-USDT	−0.0782%	8h	263.29	−2.557%	$2K	$1.7M	30x	as long as short
SoDEX BCH-USD	−0.0374%	1h	263.31	−2.550%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0342%	8h	263.55	−2.461%	$768K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0308%	8h	263.33	−2.543%	$4.9M	$6.3M	50x	as long as short
Nado BCH-PERP	−0.0206%	1h	263.57	−2.455%	$419K	$338K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0122%	8h	263.49	−2.484%	$384K	$17K	10x	as long as short
Binance BCHUSDT	−0.0107%	8h	263.37	−2.529%	$71.7M	$213.5M	75x	as long as short
MEXC BCH_USDT	−0.0106%	8h	263.76	−2.383%	$69.8M	$7.4M	200x	as long as short
Extended BCH-USD	−0.0104%	1h	263.23	−2.580%	$111K	$951K	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	263.76	−2.383%	$219K	$1.8M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0102%	8h	263.44	−2.502%	$8.3M	$13.4M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0094%	8h	263.30	−2.554%	$24.9M	$73.9M	50x	as long as short
KuCoin BCHUSDTM	−0.0093%	8h	263.42	−2.509%	$8.5M	$7.1M	75x	as long as short
Variational Omni BCH	−0.0089%	8h	263.90	−2.330%	$81K	$201K	—	as long as short
ApeX Omni BCHUSDT	−0.0086%	1h	263.64	−2.428%	$96K	$228K	50x	as long as short
Bitget BCHUSDT	−0.0077%	8h	263.48	−2.487%	$18.9M	$28.1M	75x	as long as short
Bybit BCHUSDTshort	−0.0034%	8h	263.40	−2.517%	$38.9M	$30.9M	75x
BingX BCH-USDC	−0.0025%	8h	263.42	−2.509%	—	$6.5M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	263.63	−2.432%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.55	−2.461%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	263.68	−2.413%	$1.0M	$10.2M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	263.42	−2.509%	$441K	$331K	25x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	263.47	−2.490%	$844K	$3.0M	50x	as long as short
BloFin BCH-USDT	+0.0013%	8h	263.42	−2.509%	$3.9M	$4.2M	50x	as long as short
Injective BCH/USDC PERPlong	+0.0033%	1h	270.20	long leg	$721	$130K	12x
Orderly PERP_BCH_USDC	+0.0035%	8h	263.29	−2.557%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	263.43	−2.506%	$160K	$306K	10x	as long as short
Lighter BCH	+0.0096%	1h	263.35	−2.534%	$360K	$483K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.68	−2.413%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	263.66	−2.421%	$166K	$520K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.49	−2.482%	$19K	$291K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0356% / S −0.0525%	1h	263.62	−2.434%	$25K	—	100x	as long as short