Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0053%/8h= −5.8% APRpaid last 24h −0.021%

Price spread now: gTrade (Gains Network) against Orderly+0.090%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.090% dearer against Orderly than usual: you sell high and buy low (spread +0.090% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_BCH_USDC	264.09	0.0046	pay 0.0046% / 8h	3h 23m	$2K	$176	10x
Short	gTrade (Gains Network) BCH/USD	264.33	L −0.0004% / S +0.0007%	pay 0.0001% / 1h	23m 36s	$15K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Orderly. 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 OrderlybpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.090%Rate

Funding earned: −$11.21
Price spread: +0.090% → 0.000%: $9.01
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$18.2
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; gTrade (Gains Network): 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 Orderly no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Orderly and gTrade (Gains Network): 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
SoDEX BCH-USD	−0.0276%	1h	264.10	+0.004%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0240%	8h	264.30	+0.080%	$771K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0237%	8h	264.10	+0.004%	$4.9M	$6.4M	50x	as long as short
SunX BCH-USDT	−0.0194%	8h	264.05	−0.015%	$1K	$1.7M	30x	as long as short
Nado BCH-PERP	−0.0192%	1h	264.15	+0.023%	$429K	$346K	10x	as long as short
KuCoin BCHUSDTM	−0.0096%	8h	264.54	+0.170%	$8.5M	$6.9M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0090%	8h	264.30	+0.080%	$25.0M	$76.1M	50x	as long as short
Bitget BCHUSDT	−0.0084%	8h	264.35	+0.098%	$18.9M	$28.3M	75x	as long as short
Extended BCH-USD	−0.0072%	1h	264.18	+0.033%	$113K	$956K	25x	as long as short
Binance BCHUSDT	−0.0070%	8h	264.33	+0.093%	$71.8M	$215.6M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0069%	8h	264.73	+0.242%	$70.0M	$7.9M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	264.72	+0.239%	$218K	$1.8M	50x	as long as short
Variational Omni BCH	−0.0063%	8h	264.40	+0.118%	$81K	$196K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0051%	1h	264.35	+0.098%	$848K	$3.0M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0040%	8h	265.30	+0.458%	$387K	$17K	10x	as long as short
Gate BCH_USDT	−0.0037%	8h	264.36	+0.102%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USDshort	L −0.0004% / S +0.0007%	1h	264.33	+0.090%	$15K	—	150x
dYdX BCH-USD	0.0000%	1h	264.64	+0.208%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.62	+0.201%	$994K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.28	+0.073%	$442K	$332K	25x	as long as short
Bybit BCHUSDT	+0.0017%	8h	264.30	+0.080%	$38.9M	$31.2M	75x	as long as short
BingX BCH-USDC	+0.0017%	8h	264.31	+0.083%	—	$6.5M	—	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.314%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDClong	+0.0046%	8h	264.09	long leg	$2K	$176	10x
BloFin BCH-USDT	+0.0051%	8h	264.48	+0.148%	$3.9M	$4.3M	50x	as long as short
Aster BCHUSDT	+0.0083%	8h	264.48	+0.148%	$150K	$546K	75x	as long as short
Lighter BCH	+0.0096%	1h	264.45	+0.138%	$355K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.71	+0.235%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	264.42	+0.127%	$159K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.74	+0.245%	$18K	$321K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.80	+0.269%	$96K	$234K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0358% / S −0.0530%	1h	264.29	+0.074%	$25K	—	100x	as long as short