Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0016%/8h= +1.7% APRpaid last 24h −0.002%

Price spread now: Pacifica against Aster−0.038%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$470.467% of the position

Long on Aster Short on Pacifica

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)+0.034%+$3 · spread now −0.038%, 7d avg −0.013%

Together, before fees−0.107%+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm board−$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.025% cheaper against Aster than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of −0.013%). If the spread goes back, that is −$2 on $10k: about 5.2 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.142%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BCHUSDT	265.39	0.0084	pay 0.0084% / 8h	3h 34m	$150K	$545K	75x
Short	Pacifica BCH	265.29	0.0100	get 0.0013% / 1h	34m 44s	$159K	$305K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.038%Rate

Funding earned: $3.31
Price spread: −0.038% → −0.013%: −$2.46
Slippage, 4 orders: −$30.73
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$45.88
Costs to cover: 0.467%
Break-even: 104.2 days

Slippage from Aster: live order book, 18 min ago; Pacifica: live order book, 19 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, 18 min ago	5.64 bp	11.7 bp −$12	39.4 bp −$394	doesn't fit	doesn't fit
Sell Pacifica live order book, 19 min ago	2.81 bp	10.7 bp −$11	doesn't fit	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
Phemex BCHUSDT	−0.0257%	8h	265.22	−0.065%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0228%	8h	265.12	−0.102%	$773K	$1.4M	75x	as long as short
SunX BCH-USDT	−0.0205%	8h	265.08	−0.117%	$1K	$1.7M	30x	as long as short
SoDEX BCH-USD	−0.0203%	1h	265.24	−0.057%	$2K	$8K	10x	as long as short
Nado BCH-PERP	−0.0188%	1h	265.05	−0.129%	$431K	$346K	10x	as long as short
OKX BCH-USDT-SWAP	−0.0091%	8h	265.10	−0.110%	$25.1M	$76.3M	50x	as long as short
KuCoin BCHUSDTM	−0.0087%	8h	265.31	−0.031%	$8.5M	$6.9M	75x	as long as short
Bitget BCHUSDT	−0.0075%	8h	265.11	−0.106%	$19.0M	$28.3M	75x	as long as short
MEXC BCH_USDT	−0.0073%	8h	265.72	+0.124%	$70.3M	$7.9M	200x	as long as short
Binance BCHUSDT	−0.0073%	8h	265.24	−0.058%	$72.0M	$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
Extended BCH-USD	−0.0072%	1h	265.07	−0.120%	$113K	$956K	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	265.72	+0.124%	$219K	$1.8M	50x	as long as short
Variational Omni BCH	−0.0063%	8h	265.10	−0.108%	$81K	$196K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0051%	1h	265.47	+0.028%	$852K	$3.0M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0050%	8h	264.85	−0.202%	$386K	$17K	10x	as long as short
Gate BCH_USDT	−0.0033%	8h	265.25	−0.053%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.50	+0.041%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.32	−0.028%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.46	+0.026%	$1.0M	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.44	+0.018%	$444K	$332K	25x	as long as short
BingX BCH-USDC	+0.0010%	8h	265.21	−0.068%	—	$6.5M	—	as long as short
Bybit BCHUSDT	+0.0017%	8h	265.14	−0.095%	$39.1M	$31.2M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.812%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	265.30	−0.034%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0047%	8h	265.25	−0.053%	$3.9M	$4.3M	50x	as long as short
Aster BCHUSDTlong	+0.0084%	8h	265.39	long leg	$150K	$545K	75x
Lighter BCH	+0.0096%	1h	265.26	−0.048%	$359K	$491K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.49	+0.037%	$5.7M	$4.6M	10x	as long as short
Pacifica BCHshort	+0.0100%	1h	265.29	−0.038%	$159K	$305K	10x
edgeX BCHUSDC	+0.0100%	4h	265.38	−0.003%	$31K	$301K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.60	+0.079%	$97K	$234K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0359% / S −0.0530%	1h	265.47	+0.031%	$25K	—	100x	as long as short