Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.013%

Price spread now: Coinbase International against Binance+0.033%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$410.413% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 3 days (all we have)−0.149%−$15 · spread now +0.033%, 7d avg +0.034%

Together, before fees−0.119%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BCHUSDT	268.80	−0.0020	get 0.0020% / 8h	33m 05s	$74.7M	$230.7M	75x
Short	Coinbase International BCH-PERP-INTX	268.89	−0.0032	pay 0.0004% / 1h	33m 05s	$236K	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$2.43
Price spread: +0.033% → +0.034%: −$0.1
Slippage, 4 orders: −$21.26
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$43.78
Costs to cover: 0.413%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Coinbase International: live order book, 1 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 Binance live order book, 10 min ago	0.19 bp	7.4 bp −$7	16.0 bp −$160	42.3 bp −$4,227	doesn't fit
Sell Coinbase International live order book, 1 min ago	5.02 bp	11.8 bp −$12	16.3 bp −$163	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	−0.0456%	1h	268.92	+0.046%	$454K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0154%	1h	268.75	−0.019%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0151%	8h	268.89	+0.033%	$4.9M	$6.5M	50x	as long as short
Variational Omni BCH	−0.0142%	8h	268.82	+0.007%	$82K	$294K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0125%	1h	269.12	+0.117%	$829K	$3.1M	50x	as long as short
Bybit BCHUSDT	−0.0088%	8h	268.70	−0.037%	$39.3M	$32.6M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+0.521%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTXshort	−0.0032%	1h	268.89	+0.033%	$236K	$2.1M	50x
Extended BCH-USD	−0.0024%	1h	268.70	−0.036%	$116K	$652K	25x	as long as short
MEXC BCH_USDT	−0.0021%	8h	269.33	+0.197%	$70.5M	$6.7M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDTlong	−0.0020%	8h	268.80	long leg	$74.7M	$230.7M	75x
dYdX BCH-USD	0.0000%	1h	269.01	+0.077%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.14	+0.126%	$1.3M	$11.5M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.96	+0.058%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0009%	8h	268.87	+0.026%	$8.4M	$14.5M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	268.79	−0.004%	$2K	$176	10x	as long as short
GRVT BCH_USDT_Perp	+0.0028%	8h	269.11	+0.117%	$392K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0032%	8h	268.74	−0.023%	$19.1M	$29.2M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0039%	8h	268.70	−0.037%	$26.3M	$77.7M	50x	as long as short
BingX BCH-USDC	+0.0043%	8h	268.76	−0.015%	—	$6.5M	—	as long as short
Lighter BCH	+0.0096%	1h	268.83	+0.009%	$371K	$555K	10x	as long as short
BloFin BCH-USDT	+0.0100%	8h	268.87	+0.026%	$4.0M	$4.2M	50x	as long as short
Nado BCH-PERP	+0.0100%	1h	268.75	−0.019%	$444K	$427K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.14	+0.128%	$6.0M	$4.3M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.84	+0.015%	$216K	$709K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.76	−0.014%	$163K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.87	+0.026%	$9.2M	$7.8M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.98	+0.065%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	269.10	+0.111%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.56	−0.089%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.68	−0.045%	$777K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0334% / S −0.0340%	1h	268.98	+0.067%	$27K	—	100x	as long as short