Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h −0.019%

Price spread now: Coinbase International against Bitget−0.206%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 3 days (all we have)+0.093%+$9 · spread now −0.206%, 7d avg +0.043%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.248% cheaper against Bitget than usual: you would sell low and buy high (spread −0.206% now, against its 7-day average of +0.043%). If the spread goes back, that is −$25 on $10k: about 28 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BCHUSDT	267.44	−0.0054	get 0.0054% / 8h	2h 41m	$20.0M	$28.7M	75x
Short	Coinbase International BCH-PERP-INTX	266.89	−0.0024	pay 0.0003% / 1h	41m 16s	$254K	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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 BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now −0.206%Rate

Funding earned: $6.3
Price spread: −0.206% → +0.043%: −$24.84
Slippage, 4 orders: −$24.34
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$64.88
Costs to cover: 0.463%
Break-even: 79.1 days

Slippage from Bitget: live order book, 3 min ago; Coinbase International: live order book, 2 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 Bitget live order book, 3 min ago	0.37 bp	9.6 bp −$10	13.5 bp −$135	42.5 bp −$4,250	doesn't fit
Sell Coinbase International live order book, 2 min ago	4.67 bp	14.4 bp −$14	19.3 bp −$193	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	−0.0336%	1h	267.63	+0.071%	$438K	$248K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	267.23	−0.079%	$713	$80K	12x	as long as short
Phemex BCHUSDT	−0.0202%	8h	267.50	+0.022%	$4.9M	$6.2M	50x	as long as short
SoDEX BCH-USD	−0.0185%	1h	267.49	+0.019%	$2K	$6K	10x	as long as short
Extended BCH-USD	−0.0120%	1h	267.43	−0.003%	$105K	$643K	25x	as long as short
Binance BCHUSDT	−0.0119%	8h	267.48	+0.016%	$73.8M	$229.0M	75x	as long as short
MEXC BCH_USDT	−0.0119%	8h	268.14	+0.262%	$71.0M	$6.3M	200x	as long as short
Bybit BCHUSDT	−0.0087%	8h	267.50	+0.022%	$39.4M	$32.1M	75x	as long as short
Variational Omni BCH	−0.0082%	8h	267.05	−0.145%	$85K	$291K	—	as long as short
GRVT BCH_USDT_Perp	−0.0063%	8h	267.17	−0.103%	$389K	$17K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BCHUSDTlong	−0.0054%	8h	267.44	long leg	$20.0M	$28.7M	75x
Gate BCH_USDT	−0.0040%	8h	267.54	+0.037%	$8.4M	$14.4M	75x	as long as short
Coinbase International BCH-PERP-INTXshort	−0.0024%	1h	266.89	−0.206%	$254K	$2.0M	50x
BingX BCH-USDT	−0.0012%	8h	267.53	+0.034%	—	$32.1M	—	as long as short
OKX BCH-USDT-SWAP	−0.0012%	8h	267.40	−0.015%	$26.2M	$75.6M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	267.71	+0.101%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.68	+0.090%	$1.1M	$11.4M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.68	+0.088%	$4K	—	150x	as long as short
BloFin BCH-USDT	+0.0001%	8h	267.48	+0.015%	$4.0M	$4.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0029%	8h	267.50	+0.022%	$2K	$176	10x	as long as short
Nado BCH-PERP	+0.0065%	1h	267.33	−0.042%	$440K	$422K	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	267.73	+0.110%	$803K	$3.2M	50x	as long as short
KuCoin BCHUSDTM	+0.0078%	8h	267.57	+0.049%	$8.8M	$8.0M	75x	as long as short
Lighter BCH	+0.0096%	1h	267.54	+0.036%	$375K	$580K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.82	+0.142%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.60	+0.059%	$234K	$674K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.42	−0.007%	$169K	$461K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.10	−0.127%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	267.18	−0.097%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.40	−0.015%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.47	+0.011%	$769K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0365% / S −0.0554%	1h	267.66	+0.081%	$25K	—	100x	as long as short