Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0138%/8h= +15.1% APRpaid last 24h +0.020%

Price spread now: Pacifica against Bybit−0.140%48s7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as 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−$420.418% of the position

Long on Bybit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.226%+$23 · spread now −0.140%, 7d avg +0.039%

Together, before fees+0.224%+ Points / potential airdropPacifica: Active · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.179% cheaper against Bybit than usual: you would sell low and buy high (spread −0.140% now, against its 7-day average of +0.039%). If the spread goes back, that is −$18 on $10k: about 4.3 days of funding at the current rate (+$4 a day). The two prices were read 48 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	Bybit BCHUSDT	264.90	−0.0038	get 0.0038% / 8h	1h 50m	$38.9M	$31.8M	75x
Short	Pacifica BCH	264.53	0.0100	get 0.0013% / 1h	50m 51s	$158K	$312K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.140%Rate

Funding earned: $28.98
Price spread: −0.140% → +0.039%: −$17.88
Slippage, 4 orders: −$22.85
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$30.74
Costs to cover: 0.418%
Break-even: 14.4 days

Slippage from Bybit: live order book, 3 min ago; Pacifica: live order book, 57 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, 3 min ago	1.89 bp	10.1 bp −$10	20.4 bp −$204	67.7 bp −$6,773	doesn't fit
Sell Pacifica live order book, 57 min ago	2.27 bp	7.7 bp −$8	doesn't fit	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
SoDEX BCH-USD	−0.0425%	1h	264.87	−0.011%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0206%	8h	264.82	−0.030%	$774K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0165%	8h	264.90	0.000%	$5.0M	$6.6M	50x	as long as short
KuCoin BCHUSDTM	−0.0105%	8h	265.06	+0.060%	$8.5M	$6.7M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0103%	1h	265.01	+0.042%	$846K	$3.0M	50x	as long as short
Bitget BCHUSDT	−0.0093%	8h	264.97	+0.026%	$19.0M	$28.4M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0078%	8h	265.00	+0.038%	$25.3M	$78.2M	50x	as long as short
Variational Omni BCH	−0.0074%	8h	264.81	−0.035%	$81K	$196K	—	as long as short
Extended BCH-USD	−0.0048%	1h	264.88	−0.008%	$112K	$1.1M	25x	as long as short
Binance BCHUSDT	−0.0047%	8h	265.01	+0.042%	$73.0M	$221.1M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0046%	8h	265.30	+0.151%	$70.5M	$8.5M	200x	as long as short
Bybit BCHUSDTlong	−0.0038%	8h	264.90	long leg	$38.9M	$31.8M	75x
BingX BCH-USDC	−0.0024%	8h	264.97	+0.026%	—	$6.5M	—	as long as short
GRVT BCH_USDT_Perp	−0.0018%	8h	264.65	−0.094%	$386K	$17K	10x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.12	+0.083%	$15K	—	150x	as long as short
Nado BCH-PERP	−0.0001%	1h	264.75	−0.057%	$435K	$356K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	264.66	−0.092%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.92	+0.008%	$983K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.06	+0.060%	$441K	$333K	25x	as long as short
SunX BCH-USDT	+0.0001%	8h	264.39	−0.193%	$2K	$1.7M	30x	as long as short
Coinbase International BCH-PERP-INTX	+0.0008%	1h	264.88	−0.008%	$220K	$1.9M	50x	as long as short
Gate BCH_USDT	+0.0011%	8h	264.98	+0.030%	$8.3M	$13.8M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.001%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.94	+0.015%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0057%	8h	265.02	+0.045%	$150K	$564K	75x	as long as short
BloFin BCH-USDT	+0.0073%	8h	264.93	+0.011%	$4.0M	$4.5M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.94	+0.017%	$353K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.26	+0.136%	$5.7M	$4.7M	10x	as long as short
Pacifica BCHshort	+0.0100%	1h	264.53	−0.140%	$158K	$312K	10x
edgeX BCHUSDC	+0.0100%	4h	264.62	−0.105%	$18K	$344K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.68	−0.083%	$95K	$238K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	265.07	+0.064%	$12K	—	100x	as long as short