Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h +0.006%

Price spread now: Extended against Phemex−0.222%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1021.023% of the position

Long on Phemex Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 3 days (all we have)+0.199%+$20 · spread now −0.222%, 7d avg −0.060%

Together, before fees+0.162%+ Points / potential airdropExtended: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.163% cheaper against Phemex than usual: you would sell low and buy high (spread −0.222% now, against its 7-day average of −0.060%). If the spread goes back, that is −$16 on $10k: about 6.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BCHUSDT	266.34	−0.0099	get 0.0099% / 8h	25m 55s	$4.8M	$6.4M	50x
Short	Extended BCH-USD	265.75	−0.0016	pay 0.0002% / 1h	25m 55s	$115K	$652K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.222%Rate

Funding earned: $17.39
Price spread: −0.222% → −0.060%: −$16.26
Slippage, 4 orders: −$85.25
Fee Phemex: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$101.12
Costs to cover: 1.023%
Break-even: 47.7 days

Slippage from Phemex: live order book, 3 min ago; Extended: live order book, 52 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 Phemex live order book, 3 min ago	18.20 bp	26.6 bp −$27	35.6 bp −$356	doesn't fit	doesn't fit
Sell Extended live order book, 52 min ago	0.93 bp	7.0 bp −$7	56.0 bp −$560	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	−0.0580%	1h	266.11	−0.088%	$450K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0228%	1h	265.96	−0.143%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0145%	8h	266.12	−0.083%	$82K	$292K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0126%	1h	266.30	−0.017%	$848K	$3.1M	50x	as long as short
Phemex BCHUSDTlong	−0.0099%	8h	266.34	long leg	$4.8M	$6.4M	50x
Bybit BCHUSDT	−0.0089%	8h	265.64	−0.263%	$39.1M	$33.0M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+1.449%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	266.31	−0.011%	$223K	$2.1M	50x	as long as short
Binance BCHUSDT	−0.0020%	8h	265.65	−0.261%	$72.8M	$233.7M	75x	as long as short
MEXC BCH_USDT	−0.0017%	8h	266.28	−0.023%	$69.8M	$6.8M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USDshort	−0.0016%	1h	265.75	−0.222%	$115K	$652K	25x
Gate BCH_USDT	−0.0014%	8h	265.77	−0.214%	$8.3M	$14.7M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	266.49	+0.056%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.55	+0.079%	$1.2M	$11.9M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	266.45	+0.043%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	266.05	−0.109%	$2K	$176	10x	as long as short
Bitget BCHUSDT	+0.0028%	8h	265.87	−0.176%	$19.1M	$29.9M	75x	as long as short
GRVT BCH_USDT_Perp	+0.0032%	8h	269.11	+1.039%	$392K	$17K	10x	as long as short
OKX BCH-USDT-SWAP	+0.0037%	8h	265.60	−0.278%	$25.8M	$77.9M	50x	as long as short
BingX BCH-USDT	+0.0039%	8h	265.72	−0.233%	—	$31.0M	—	as long as short
Lighter BCH	+0.0096%	1h	266.09	−0.094%	$367K	$557K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	266.35	+0.004%	$444K	$435K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.36	+0.008%	$6.0M	$4.5M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.18	−0.060%	$212K	$676K	75x	as long as short
Pacifica BCH	+0.0100%	1h	266.26	−0.031%	$162K	$440K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	265.84	−0.188%	$9.1M	$7.8M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.79	+0.920%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	269.03	+1.010%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	265.85	−0.184%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	265.84	−0.188%	$773K	$1.7M	75x	as long as short
BloFin BCH-USDT	+0.0103%	8h	265.79	−0.207%	$4.0M	$4.2M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0332% / S −0.0340%	1h	266.37	+0.011%	$27K	—	100x	as long as short