Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0027%/8h= −3.0% APRpaid last 24h −0.022%

Price spread now: Coinbase International against BingX+0.213%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$540.539% of the position

Long on BingX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 4 days (all we have)−0.315%−$31 · spread now +0.213%, 7d avg +0.026%

Together, before fees−0.400%−$40 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.187% dearer against BingX than usual: you sell high and buy low (spread +0.213% now, against its 7-day average of +0.026%): +$19 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 23 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BCH-USDC	263.11	−0.0013	get 0.0013% / 8h	2h 40m	—	$6.5M	—
Short	Coinbase International BCH-PERP-INTX	263.67	−0.0040	pay 0.0005% / 1h	40m 51s	$222K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BingX. 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 BingXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.213%Rate

Funding earned: −$5.67
Price spread: +0.213% → +0.026%: $18.66
Slippage, 4 orders: −$33.87
Fee BingX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$40.89
Costs to cover: 0.539%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; Coinbase International: live order book, 3 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 BingX live order book, 5 min ago	1.52 bp	16.8 bp −$17	38.5 bp −$385	113.6 bp −$11.4K	479.0 bp −$239.5K
Sell Coinbase International live order book, 3 min ago	4.35 bp	12.2 bp −$12	16.5 bp −$165	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
HTX BCH-USDT	−0.0240%	8h	263.13	+0.008%	$768K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0208%	1h	263.41	+0.114%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0201%	8h	263.59	+0.182%	$5.0M	$6.5M	50x	as long as short
Nado BCH-PERP	−0.0157%	1h	263.75	+0.243%	$431K	$350K	10x	as long as short
SunX BCH-USDT	−0.0110%	8h	263.72	+0.232%	$1K	$1.7M	30x	as long as short
Bitget BCHUSDT	−0.0108%	8h	262.97	−0.053%	$18.8M	$28.4M	75x	as long as short
KuCoin BCHUSDTM	−0.0097%	8h	263.07	−0.015%	$8.4M	$6.8M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0080%	1h	263.57	+0.173%	$439K	$333K	25x	as long as short
OKX BCH-USDT-SWAP	−0.0078%	8h	263.00	−0.042%	$25.1M	$76.3M	50x	as long as short
Variational Omni BCH	−0.0070%	8h	263.31	+0.075%	$81K	$196K	—	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	−0.0056%	1h	262.88	−0.088%	$111K	$1.1M	25x	as long as short
Binance BCHUSDT	−0.0054%	8h	263.01	−0.038%	$71.6M	$218.8M	75x	as long as short
MEXC BCH_USDT	−0.0053%	8h	263.58	+0.179%	$69.7M	$8.0M	200x	as long as short
Coinbase International BCH-PERP-INTXshort	−0.0040%	1h	263.67	+0.213%	$222K	$1.8M	50x
GRVT BCH_USDT_Perp	−0.0028%	8h	263.72	+0.232%	$384K	$17K	10x	as long as short
Bybit BCHUSDT	−0.0018%	8h	263.00	−0.042%	$38.7M	$31.5M	75x	as long as short
BingX BCH-USDClong	−0.0013%	8h	263.11	long leg	—	$6.5M	—
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	263.55	+0.168%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.31	+0.075%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.33	+0.464%	$987K	$10.4M	2.7x	as long as short
Gate BCH_USDT	+0.0001%	8h	263.12	+0.004%	$8.3M	$13.7M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.695%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	263.44	+0.125%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0067%	8h	263.23	+0.046%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0072%	8h	263.40	+0.108%	$152K	$555K	75x	as long as short
Lighter BCH	+0.0096%	1h	263.12	+0.003%	$353K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.40	+0.110%	$5.6M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	263.12	+0.004%	$158K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.93	+0.312%	$18K	$329K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.15	+0.395%	$96K	$235K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0180%	1h	263.56	+0.173%	$842K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	263.67	+0.213%	$12K	—	100x	as long as short