Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0127%/8h= +13.9% APRpaid last 24h −0.023%

Price spread now: Injective against OKX+2.001%88s7-day average +0.176% · you sell dearer than you buy

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

Long on OKX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.125%+$13 on $10k

Price spread, last 4 days (all we have)−2.454%−$245 · spread now +2.001%, 7d avg +0.176%

Together, before fees−2.329%−$233 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Injective is 1.824% dearer against OKX than usual: you sell high and buy low: +$182 more if the spread goes back to its 7-day average of +0.176%. The two prices were read 88 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	OKX BCH-USDT-SWAP	264.90	−0.0094	get 0.0094% / 8h	4h 21m	$25.0M	$74.8M	50x
Short	Injective BCH/USDC PERP	270.20	0.0033	get 0.0004% / 1h	21m 57s	$721	$130K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +2.001%Rate

Funding earned: $26.75
Price spread: +2.001% → +0.176%: $182.45
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $199.18
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 2 min ago; Injective: 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 OKX live order book, 2 min ago	1.89 bp	9.4 bp −$9	16.8 bp −$168	101.6 bp −$10.2K	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	−0.0510%	8h	264.48	−0.159%	$1K	$1.7M	30x	as long as short
Phemex BCHUSDT	−0.0271%	8h	264.68	−0.083%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0256%	8h	264.62	−0.106%	$772K	$1.4M	75x	as long as short
Nado BCH-PERP	−0.0255%	1h	264.57	−0.124%	$431K	$342K	10x	as long as short
SoDEX BCH-USD	−0.0189%	1h	264.71	−0.072%	$2K	$8K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	264.84	−0.023%	$218K	$1.8M	50x	as long as short
OKX BCH-USDT-SWAPlong	−0.0094%	8h	264.90	long leg	$25.0M	$74.8M	50x
MEXC BCH_USDT	−0.0089%	8h	265.16	+0.098%	$70.2M	$7.8M	200x	as long as short
KuCoin BCHUSDTM	−0.0089%	8h	264.74	−0.060%	$8.5M	$7.0M	75x	as long as short
Extended BCH-USD	−0.0088%	1h	264.68	−0.083%	$115K	$950K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0088%	8h	264.97	+0.026%	$72.1M	$214.1M	75x	as long as short
Variational Omni BCH	−0.0078%	8h	265.10	+0.076%	$81K	$201K	—	as long as short
Gate BCH_USDT	−0.0077%	8h	264.93	+0.011%	$8.3M	$13.6M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0076%	8h	265.47	+0.215%	$387K	$17K	10x	as long as short
Bitget BCHUSDT	−0.0073%	8h	264.66	−0.091%	$19.0M	$28.1M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.70	−0.076%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.75	−0.058%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.90	0.000%	$1.0M	$10.3M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.84	−0.021%	$443K	$331K	25x	as long as short
BingX BCH-USDT	+0.0007%	8h	264.92	+0.008%	—	$32.1M	—	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	264.96	+0.024%	$849K	$3.0M	50x	as long as short
Bybit BCHUSDT	+0.0012%	8h	264.90	0.000%	$39.1M	$31.0M	75x	as long as short
BloFin BCH-USDT	+0.0031%	8h	264.76	−0.053%	$3.9M	$4.3M	50x	as long as short
Injective BCH/USDC PERPshort	+0.0033%	1h	270.20	+2.001%	$721	$130K	12x
Orderly PERP_BCH_USDC	+0.0037%	8h	264.69	−0.079%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	264.61	−0.108%	$159K	$307K	10x	as long as short
Lighter BCH	+0.0096%	1h	264.76	−0.052%	$358K	$488K	10x	as long as short
Aster BCHUSDT	+0.0099%	8h	264.53	−0.139%	$166K	$516K	75x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.81	−0.034%	$5.7M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.13	+0.088%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.32	+0.159%	$97K	$230K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0350% / S −0.0506%	1h	264.61	−0.108%	$24K	—	100x	as long as short