Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0414%/8h= +45.3% APRpaid last 24h +0.045%

Price spread now: Bybit against SoDEX−0.660%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Bybit

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

Funding pays, the price is against you. Bybit is 0.660% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.660% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$66 on $10k: about 5.3 days of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX BCH-USD	265.19	−0.0488	get 0.0061% / 1h	42m 47s	$2K	$6K	10x
Short	Bybit BCHUSDT	263.44	−0.0074	pay 0.0074% / 8h	6h 42m	$38.8M	$33.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SoDEX. 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 SoDEXbpFee BybitbpOrdersPrice spread, now −0.660%Rate

Funding earned: $86.91
Price spread: −0.660% → 0.000%: −$65.99
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $1.92
Costs to cover: 0.190%
Break-even: 6.8 days

Slippage unknown: SoDEX: no order-book sample; Bybit: live order book, 1 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	1.88 bp	10.9 bp −$11	22.2 bp −$222	87.6 bp −$8,761	doesn't fit

SoDEX: 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
Deribit BCH_USDC-PERPETUAL	−0.0522%	1h	265.24	+0.019%	$448K	$266K	25x	as long as short
SoDEX BCH-USDlong	−0.0488%	1h	265.19	long leg	$2K	$6K	10x
Phemex BCHUSDT	−0.0427%	8h	265.12	−0.026%	$4.9M	$6.5M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0300%	1h	265.44	+0.096%	$849K	$3.1M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0210%	8h	265.18	−0.002%	$387K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0156%	1h	265.88	+0.260%	$97K	$227K	50x	as long as short
Gate BCH_USDT	−0.0154%	8h	263.32	−0.705%	$8.4M	$13.3M	75x	as long as short
Variational Omni BCH	−0.0125%	8h	265.41	+0.083%	$81K	$285K	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0112%	1h	266.10	+0.343%	$236K	$2.1M	50x	as long as short
Binance BCHUSDT	−0.0090%	8h	263.25	−0.732%	$71.2M	$234.2M	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	−0.0090%	8h	263.62	−0.592%	$69.5M	$6.9M	200x	as long as short
Extended BCH-USD	−0.0088%	1h	263.19	−0.754%	$111K	$965K	25x	as long as short
Bybit BCHUSDTshort	−0.0074%	8h	263.44	−0.660%	$38.8M	$33.4M	75x
HTX BCH-USDT	−0.0054%	8h	265.45	+0.098%	$776K	$1.6M	75x	as long as short
SunX BCH-USDT	−0.0046%	8h	265.28	+0.034%	$2K	$1.9M	30x	as long as short
Nado BCH-PERP	−0.0037%	1h	265.36	+0.065%	$434K	$425K	10x	as long as short
Bitget BCHUSDT	−0.0034%	8h	263.24	−0.735%	$18.9M	$29.5M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0030%	8h	263.30	−0.713%	$25.1M	$78.1M	50x	as long as short
BingX BCH-USDT	−0.0023%	8h	263.23	−0.739%	—	$32.3M	—	as long as short
dYdX BCH-USD	0.0000%	1h	263.56	−0.615%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.83	+0.241%	$1.1M	$11.0M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.52	+0.124%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0029%	8h	265.15	−0.015%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.889%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0034%	8h	266.13	+0.354%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0040%	1h	263.27	−0.724%	$160K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0064%	8h	263.16	−0.765%	$8.5M	$7.6M	75x	as long as short
Lighter BCH	+0.0096%	1h	263.22	−0.742%	$362K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.46	−0.652%	$5.7M	$5.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	263.35	−0.694%	$163K	$692K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.61	+0.157%	$19K	$292K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.48	+0.108%	$25K	—	100x	as long as short