Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h −0.024%

Price spread now: Coinbase International against Aster−0.052%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$520.517% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 4 days (all we have)−0.275%−$27 · spread now −0.052%, 7d avg +0.004%

Together, before fees−0.416%+ Points / potential airdropAster: Stage 5 · farm board−$42 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Coinbase International is 0.056% cheaper against Aster than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.004%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.142% in total (about -7.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BCHUSDT	265.21	0.0100	pay 0.0100% / 8h	4h 55m	$168K	$519K	75x
Short	Coinbase International BCH-PERP-INTX	265.07	−0.0104	pay 0.0013% / 1h	55m 02s	$221K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$42.84
Price spread: −0.052% → +0.004%: −$5.63
Slippage, 4 orders: −$33.73
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$100.2
Costs to cover: 0.517%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Coinbase International: live order book, 4 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 Aster live order book, 2 min ago	5.86 bp	10.1 bp −$10	24.6 bp −$246	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	4.91 bp	15.8 bp −$16	24.2 bp −$242	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
SunX BCH-USDT	−0.0881%	8h	264.60	−0.229%	$2K	$1.7M	30x	as long as short
ApeX Omni BCHUSDT	−0.0625%	1h	264.10	−0.418%	$96K	$228K	50x	as long as short
HTX BCH-USDT	−0.0352%	8h	264.88	−0.124%	$772K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0333%	8h	265.02	−0.071%	$4.9M	$6.4M	50x	as long as short
SoDEX BCH-USD	−0.0248%	1h	264.95	−0.097%	$2K	$8K	10x	as long as short
Nado BCH-PERP	−0.0174%	1h	264.65	−0.210%	$421K	$339K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0122%	8h	264.00	−0.456%	$385K	$17K	10x	as long as short
MEXC BCH_USDT	−0.0106%	8h	265.34	+0.050%	$69.9M	$7.2M	200x	as long as short
Binance BCHUSDT	−0.0104%	8h	265.02	−0.071%	$72.2M	$213.4M	75x	as long as short
Extended BCH-USD	−0.0104%	1h	264.89	−0.120%	$112K	$952K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTXshort	−0.0104%	1h	265.07	−0.052%	$221K	$1.8M	50x
Variational Omni BCH	−0.0092%	8h	265.11	−0.038%	$81K	$201K	—	as long as short
Gate BCH_USDT	−0.0091%	8h	265.09	−0.045%	$8.3M	$13.3M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0081%	8h	265.00	−0.078%	$25.0M	$74.2M	50x	as long as short
KuCoin BCHUSDTM	−0.0077%	8h	265.05	−0.060%	$8.5M	$7.1M	75x	as long as short
Bitget BCHUSDT	−0.0072%	8h	264.90	−0.116%	$19.0M	$28.1M	75x	as long as short
BingX BCH-USDC	−0.0039%	8h	264.98	−0.086%	—	$6.5M	—	as long as short
Bybit BCHUSDT	−0.0032%	8h	265.03	−0.067%	$39.2M	$30.9M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.04	−0.062%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.88	−0.125%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.42	+0.080%	$1.1M	$10.2M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.15	−0.021%	$444K	$331K	25x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	265.20	−0.004%	$850K	$3.0M	50x	as long as short
BloFin BCH-USDT	+0.0016%	8h	265.03	−0.067%	$4.0M	$4.2M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.882%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0034%	8h	264.98	−0.086%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	264.74	−0.177%	$161K	$321K	10x	as long as short
Lighter BCH	+0.0096%	1h	264.98	−0.086%	$362K	$482K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.25	+0.016%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDTlong	+0.0100%	8h	265.21	long leg	$168K	$519K	75x
edgeX BCHUSDC	+0.0100%	4h	264.02	−0.448%	$19K	$289K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0356% / S −0.0525%	1h	265.07	−0.050%	$25K	—	100x	as long as short