Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0125%/8h= −13.7% APRpaid last 24h −0.009%

Price spread now: Extended against OKX−0.001%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$360.357% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.001%, 7d avg −0.029%

Together, before fees−0.100%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.027% dearer against OKX than usual: you sell high and buy low (spread −0.001% now, against its 7-day average of −0.029%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.059% in total) that is about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BCH-USDT-SWAP	268.40	0.0029	pay 0.0029% / 8h	2h 08m	$26.3M	$76.1M	50x
Short	Extended BCH-USD	268.40	−0.0096	pay 0.0012% / 1h	8m 34s	$115K	$653K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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 OKXbpFee ExtendedbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$26.24
Price spread: −0.001% → −0.029%: $2.73
Slippage, 4 orders: −$20.68
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$59.19
Costs to cover: 0.357%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Extended: live order book, 14 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 OKX live order book, 5 min ago	1.86 bp	12.6 bp −$13	25.8 bp −$258	67.0 bp −$6,695	doesn't fit
Sell Extended live order book, 14 min ago	0.93 bp	7.0 bp −$7	91.7 bp −$917	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
Deribit BCH_USDC-PERPETUAL	−0.0438%	1h	268.68	+0.103%	$439K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	268.50	+0.037%	$716	$110K	12x	as long as short
Phemex BCHUSDT	−0.0189%	8h	268.61	+0.078%	$4.9M	$6.2M	50x	as long as short
SoDEX BCH-USD	−0.0143%	1h	268.51	+0.041%	$2K	$6K	10x	as long as short
Extended BCH-USDshort	−0.0096%	1h	268.40	−0.001%	$115K	$653K	25x
MEXC BCH_USDT	−0.0094%	8h	269.11	+0.265%	$71.2M	$6.4M	200x	as long as short
Binance BCHUSDT	−0.0093%	8h	268.43	+0.009%	$74.0M	$229.3M	75x	as long as short
Variational Omni BCH	−0.0070%	8h	268.14	−0.096%	$85K	$291K	—	as long as short
Bitget BCHUSDT	−0.0035%	8h	268.43	+0.011%	$19.9M	$29.0M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	268.81	+0.153%	$242K	$2.1M	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	−0.0020%	8h	268.51	+0.041%	$8.4M	$14.4M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0019%	8h	268.26	−0.052%	$391K	$17K	10x	as long as short
Bybit BCHUSDT	−0.0002%	8h	268.39	−0.004%	$39.4M	$32.1M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	268.79	+0.147%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.89	+0.183%	$1.1M	$11.3M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.77	+0.138%	$4K	—	150x	as long as short
BingX BCH-USDC	+0.0024%	8h	268.47	+0.026%	—	$6.5M	—	as long as short
BloFin BCH-USDT	+0.0026%	8h	268.57	+0.063%	$4.0M	$4.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0027%	8h	268.59	+0.071%	$2K	$176	10x	as long as short
OKX BCH-USDT-SWAPlong	+0.0029%	8h	268.40	long leg	$26.3M	$76.1M	50x
Kraken Futures PF_BCHUSD	+0.0074%	1h	268.86	+0.173%	$806K	$3.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	268.54	+0.051%	$376K	$581K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	268.55	+0.056%	$440K	$425K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.78	+0.142%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.53	+0.047%	$236K	$660K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.53	+0.048%	$169K	$455K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.62	+0.082%	$8.9M	$7.9M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.22	−0.066%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.24	−0.060%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.38	−0.007%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.56	+0.060%	$773K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0373% / S −0.0574%	1h	268.75	+0.131%	$26K	—	100x	as long as short