Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0163%/8h= +17.8% APRpaid last 24h +0.005%

Price spread now: dYdX against Phemex+0.021%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and dYdX is 0.021% dearer against Phemex than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BCHUSDT	264.58	−0.0163	get 0.0163% / 8h	15m 35s	$4.9M	$6.5M	50x
Short	dYdX BCH-USD	264.63	0	get 0.0000% / 1h	15m 35s	$5K	$240	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Phemex. 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 PhemexbpFee dYdXbpOrdersPrice spread, now +0.021%Rate

Funding earned: $34.21
Price spread: +0.021% → 0.000%: $2.07
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: $14.28
Costs to cover: 0.220%
Break-even: 4.1 days

Slippage unknown: Phemex: 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 Phemex live order book, 3 min ago	1.70 bp	10.4 bp −$10	18.4 bp −$184	doesn't fit	doesn't fit
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
SoDEX BCH-USD	−0.0328%	1h	264.46	−0.045%	$2K	$8K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0220%	1h	264.70	+0.046%	$859K	$2.7M	50x	as long as short
Phemex BCHUSDTlong	−0.0163%	8h	264.58	long leg	$4.9M	$6.5M	50x
Variational Omni BCH	−0.0133%	8h	264.41	−0.065%	$81K	$196K	—	as long as short
Bybit BCHUSDT	−0.0111%	8h	264.40	−0.068%	$38.9M	$30.9M	75x	as long as short
HTX BCH-USDT	−0.0082%	8h	264.64	+0.023%	$776K	$1.4M	75x	as long as short
KuCoin BCHUSDTM	−0.0082%	8h	264.55	−0.011%	$8.5M	$6.3M	75x	as long as short
Bitget BCHUSDT	−0.0077%	8h	264.32	−0.098%	$19.1M	$27.1M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0067%	8h	264.20	−0.144%	$25.1M	$76.3M	50x	as long as short
Binance BCHUSDT	−0.0051%	8h	264.43	−0.057%	$72.9M	$212.5M	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	−0.0049%	8h	264.79	+0.079%	$70.6M	$8.9M	200x	as long as short
Extended BCH-USD	−0.0048%	1h	264.26	−0.121%	$112K	$912K	25x	as long as short
BingX BCH-USDC	−0.0041%	8h	264.37	−0.079%	—	$6.5M	—	as long as short
GRVT BCH_USDT_Perp	−0.0041%	8h	264.72	+0.053%	$386K	$17K	10x	as long as short
Gate BCH_USDT	−0.0028%	8h	264.38	−0.076%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.74	+0.059%	$15K	—	150x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0003%	1h	264.63	+0.018%	$426K	$348K	25x	as long as short
Pacifica BCH	−0.0003%	1h	264.47	−0.041%	$158K	$293K	10x	as long as short
dYdX BCH-USDshort	0.0000%	1h	264.63	+0.021%	$5K	$240	10x
Kalshi KXBCHPERP	0.0000%	8h	264.88	+0.113%	$996K	$9.7M	2.7x	as long as short
Aster BCHUSDT	+0.0015%	8h	264.46	−0.045%	$136K	$564K	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.124%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.55	−0.011%	$2K	—	10x	as long as short
BloFin BCH-USDT	+0.0070%	8h	264.69	+0.042%	$3.5M	$4.5M	50x	as long as short
Nado BCH-PERP	+0.0078%	1h	264.46	−0.044%	$434K	$350K	10x	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	265.02	+0.166%	$246K	$1.9M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.52	−0.022%	$352K	$469K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.66	+0.030%	$5.7M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.55	−0.012%	$19K	$345K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.83	+0.094%	$95K	$242K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	264.45	−0.049%	$1K	$1.6M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.65	+0.028%	$12K	—	100x	as long as short