Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h −0.049%

Price spread now: Coinbase International against BloFin−0.078%58s7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$480.483% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.207%−$21 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now −0.078%, 7d avg +0.038%

Together, before fees−0.203%−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.117% cheaper against BloFin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.038%). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BCH-USDT	268.11	0.0001	pay 0.0001% / 8h	2h 35m	$4.0M	$4.1M	50x
Short	Coinbase International BCH-PERP-INTX	267.90	−0.0024	pay 0.0003% / 1h	35m 39s	$246K	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$5.27
Price spread: −0.078% → +0.038%: −$11.66
Slippage, 4 orders: −$26.31
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$65.24
Costs to cover: 0.483%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 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 BloFin live order book, 3 min ago	0.75 bp	9.0 bp −$9	14.6 bp −$146	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	5.04 bp	13.8 bp −$14	18.1 bp −$181	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	−0.0426%	1h	267.54	−0.213%	$437K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	267.23	−0.328%	$713	$80K	12x	as long as short
Phemex BCHUSDT	−0.0200%	8h	267.45	−0.246%	$4.9M	$6.2M	50x	as long as short
SoDEX BCH-USD	−0.0192%	1h	267.45	−0.246%	$2K	$6K	10x	as long as short
Extended BCH-USD	−0.0120%	1h	267.42	−0.257%	$105K	$643K	25x	as long as short
Binance BCHUSDT	−0.0117%	8h	267.61	−0.185%	$73.9M	$229.0M	75x	as long as short
MEXC BCH_USDT	−0.0116%	8h	268.27	+0.060%	$71.0M	$6.3M	200x	as long as short
Variational Omni BCH	−0.0086%	8h	267.45	−0.246%	$85K	$291K	—	as long as short
Bybit BCHUSDT	−0.0068%	8h	267.61	−0.186%	$39.4M	$32.0M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0057%	8h	267.55	−0.210%	$390K	$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 BCHUSDT	−0.0050%	8h	267.65	−0.172%	$20.0M	$28.8M	75x	as long as short
Gate BCH_USDT	−0.0036%	8h	267.54	−0.213%	$8.4M	$14.4M	75x	as long as short
Coinbase International BCH-PERP-INTXshort	−0.0024%	1h	267.90	−0.078%	$246K	$2.0M	50x
BingX BCH-USDC	−0.0012%	8h	267.73	−0.142%	—	$6.5M	—	as long as short
OKX BCH-USDT-SWAP	−0.0006%	8h	267.60	−0.190%	$26.2M	$75.6M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	267.81	−0.111%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.01	−0.037%	$1.1M	$11.4M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.63	−0.179%	$4K	—	150x	as long as short
BloFin BCH-USDTlong	+0.0001%	8h	268.11	long leg	$4.0M	$4.1M	50x
Orderly PERP_BCH_USDC	+0.0029%	8h	267.42	−0.257%	$2K	$176	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	267.75	−0.134%	$803K	$3.2M	50x	as long as short
KuCoin BCHUSDTM	+0.0087%	8h	267.64	−0.175%	$8.9M	$8.0M	75x	as long as short
Nado BCH-PERP	+0.0090%	1h	267.58	−0.196%	$438K	$427K	10x	as long as short
Lighter BCH	+0.0096%	1h	267.69	−0.158%	$375K	$580K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.90	−0.078%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.56	−0.204%	$234K	$660K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.67	−0.163%	$169K	$460K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.36	−0.279%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	267.67	−0.164%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.51	−0.224%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.60	−0.190%	$770K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0365% / S −0.0554%	1h	267.65	−0.172%	$25K	—	100x	as long as short