Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0174%/8h= +19.1% APRpaid last 24h +0.009%

Price spread now: Coinbase International against Bybit+0.015%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$490.489% of the position

Long on Bybit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.133%−$13 · spread now +0.015%, 7d avg +0.057%

Together, before fees−0.137%−$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.042% cheaper against Bybit than usual: you would sell low and buy high (spread +0.015% now, against its 7-day average of +0.057%). If the spread goes back, that is −$4 on $10k: about 19 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BCHUSDT	269.80	0.0010	pay 0.0010% / 8h	4h 52m	$40.6M	$31.4M	75x
Short	Coinbase International BCH-PERP-INTX	269.84	0.0184	get 0.0023% / 1h	52m 43s	$362K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bybit. 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 BybitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.015%Rate

Funding earned: $36.6
Price spread: +0.015% → +0.057%: −$4.19
Slippage, 4 orders: −$27.87
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$16.46
Costs to cover: 0.489%
Break-even: 10.1 days

Slippage from Bybit: live order book, 4 min ago; Coinbase International: live order book, 4 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 Bybit live order book, 4 min ago	1.85 bp	10.6 bp −$11	20.8 bp −$208	56.4 bp −$5,643	doesn't fit
Sell Coinbase International live order book, 4 min ago	5.55 bp	14.0 bp −$14	18.5 bp −$185	doesn't fit	doesn't fit

BCH on 32 exchanges

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
SoDEX BCH-USD	−0.0340%	1h	269.90	+0.037%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0256%	8h	269.83	+0.011%	$4.9M	$6.3M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0136%	8h	269.90	+0.037%	$26.1M	$74.6M	50x	as long as short
Variational Omni BCH	−0.0102%	8h	269.88	+0.029%	$163K	$241K	—	as long as short
Gate BCH_USDT	−0.0101%	8h	270.06	+0.096%	$8.1M	$12.8M	75x	as long as short
Extended BCH-USD	−0.0088%	1h	269.89	+0.032%	$121K	$1.1M	25x	as long as short
Binance BCHUSDT	−0.0086%	8h	269.80	0.000%	$75.9M	$201.0M	75x	as long as short
MEXC BCH_USDT	−0.0086%	8h	270.45	+0.241%	$74.7M	$9.8M	200x	as long as short
GRVT BCH_USDT_Perp	−0.0079%	8h	270.68	+0.328%	$395K	$17K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0077%	1h	270.10	+0.112%	$909K	$2.4M	50x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit BCH_USDC-PERPETUAL	−0.0043%	1h	269.84	+0.014%	$436K	$369K	25x	as long as short
Bitget BCHUSDT	−0.0017%	8h	269.91	+0.041%	$19.2M	$25.8M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0003% / S +0.0007%	1h	269.91	+0.041%	$18K	—	150x	as long as short
Pacifica BCH	−0.0003%	1h	269.83	+0.012%	$152K	$274K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	270.05	+0.093%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	270.15	+0.130%	$1.0M	$8.8M	2.7x	as long as short
KuCoin BCHUSDTM	+0.0004%	8h	269.84	+0.015%	$8.8M	$5.5M	75x	as long as short
BingX BCH-USDC	+0.0006%	8h	270.02	+0.082%	—	$6.5M	—	as long as short
Bybit BCHUSDTlong	+0.0010%	8h	269.80	long leg	$40.6M	$31.4M	75x
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.148%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0034%	8h	269.83	+0.011%	$3.6M	$5.6M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0037%	8h	269.66	−0.052%	$2K	$540	10x	as long as short
Aster BCHUSDT	+0.0039%	8h	269.90	+0.037%	$150K	$515K	75x	as long as short
Nado BCH-PERP	+0.0064%	1h	269.64	−0.058%	$456K	$384K	10x	as long as short
Lighter BCH	+0.0096%	1h	269.97	+0.064%	$396K	$406K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	270.08	+0.104%	$9.2M	$6.7M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	270.48	+0.251%	$19K	$345K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	270.71	+0.337%	$49K	$275K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	269.61	−0.070%	$1K	$1.3M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	270.19	+0.145%	$793K	$1.2M	75x	as long as short
Coinbase International BCH-PERP-INTXshort	+0.0184%	1h	269.84	+0.015%	$362K	$2.3M	50x
GMX BCH/USD [WBTC.b-USDC]	L +0.0260% / S −0.0269%	1h	269.86	+0.022%	$17K	—	100x	as long as short