Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0081%/8h= +8.9% APRpaid last 24h −0.014%

Price spread now: dYdX against MEXC−0.047%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. dYdX is 0.047% cheaper against MEXC than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 47 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BCH_USDT	265.81	−0.0081	get 0.0081% / 8h	4h 15m	$70.5M	$7.9M	200x
Short	dYdX BCH-USD	265.68	0	get 0.0000% / 1h	15m 47s	$5K	$248	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against MEXC. 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 MEXCbpFee dYdXbpOrdersPrice spread, now −0.047%Rate

Funding earned: $17.01
Price spread: −0.047% → 0.000%: −$4.71
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$1.7
Costs to cover: 0.140%
Break-even: 7.7 days

Slippage unknown: MEXC: live order book, 3 min ago; dYdX: no order-book sample. 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 MEXC live order book, 3 min ago	3.39 bp	6.0 bp −$6	13.3 bp −$133	41.2 bp −$4,119	84.4 bp −$42.2K
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.0458%	8h	265.24	−0.214%	$2K	$1.7M	30x	as long as short
Phemex BCHUSDT	−0.0286%	8h	265.40	−0.154%	$4.9M	$6.4M	50x	as long as short
Nado BCH-PERP	−0.0247%	1h	265.33	−0.179%	$432K	$342K	10x	as long as short
HTX BCH-USDT	−0.0243%	8h	265.28	−0.199%	$774K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0195%	1h	265.39	−0.158%	$2K	$8K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	264.84	−0.365%	$218K	$1.8M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0093%	8h	265.40	−0.154%	$25.0M	$74.9M	50x	as long as short
KuCoin BCHUSDTM	−0.0091%	8h	265.37	−0.166%	$8.5M	$7.0M	75x	as long as short
MEXC BCH_USDTlong	−0.0081%	8h	265.81	long leg	$70.5M	$7.9M	200x
Binance BCHUSDT	−0.0081%	8h	265.52	−0.111%	$72.2M	$214.2M	75x	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	265.19	−0.235%	$112K	$956K	25x	as long as short
Variational Omni BCH	−0.0075%	8h	265.30	−0.191%	$81K	$199K	—	as long as short
Bitget BCHUSDT	−0.0071%	8h	265.48	−0.124%	$19.0M	$28.1M	75x	as long as short
Gate BCH_USDT	−0.0069%	8h	265.58	−0.087%	$8.4M	$13.6M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0057%	8h	265.47	−0.128%	$387K	$17K	10x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.53	−0.105%	$15K	—	150x	as long as short
dYdX BCH-USDshort	0.0000%	1h	265.68	−0.047%	$5K	$248	10x
Kalshi KXBCHPERP	0.0000%	8h	265.98	+0.064%	$1.0M	$10.3M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.57	−0.092%	$444K	$331K	25x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	265.66	−0.057%	$851K	$3.0M	50x	as long as short
BingX BCH-USDT	+0.0015%	8h	265.50	−0.117%	—	$32.1M	—	as long as short
Bybit BCHUSDT	+0.0021%	8h	265.49	−0.120%	$39.2M	$31.0M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.652%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0038%	8h	265.56	−0.094%	$3.9M	$4.3M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0038%	8h	265.36	−0.169%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	265.55	−0.097%	$160K	$304K	10x	as long as short
Lighter BCH	+0.0096%	1h	265.58	−0.088%	$358K	$489K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.86	+0.019%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.35	−0.172%	$167K	$516K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.23	−0.219%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.39	−0.158%	$97K	$230K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0350% / S −0.0506%	1h	265.56	−0.095%	$24K	—	100x	as long as short