Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.019%

Price spread now: Aster against Coinbase International−0.036%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$480.479% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 3 days (all we have)+0.182%+$18 · spread now −0.036%, 7d avg −0.002%

Together, before fees+0.315%+ Points / potential airdropAster: Stage 5 · farm board+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.034% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of −0.002%). If the spread goes back, that is −$3 on $10k: about 33 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BCH-PERP-INTX	269.61	0.0016	pay 0.0002% / 1h	56m 13s	$231K	$2.1M	50x
Short	Aster BCHUSDT	269.51	0.0100	get 0.0100% / 8h	1h 56m	$236K	$666K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −0.036%Rate

Funding earned: $17.64
Price spread: −0.036% → −0.002%: −$3.43
Slippage, 4 orders: −$29.9
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$33.7
Costs to cover: 0.479%
Break-even: 20.4 days

Slippage from Coinbase International: live order book, 2 min ago; Aster: live order book, 26 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 Coinbase International live order book, 2 min ago	4.84 bp	14.3 bp −$14	19.1 bp −$191	doesn't fit	doesn't fit
Sell Aster live order book, 26 min ago	3.16 bp	10.9 bp −$11	22.4 bp −$224	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	−0.0243%	1h	269.72	+0.040%	$457K	$263K	25x	as long as short
Phemex BCHUSDT	−0.0196%	8h	269.54	−0.026%	$4.9M	$6.3M	50x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	268.50	−0.412%	$716	$110K	12x	as long as short
Binance BCHUSDT	−0.0083%	8h	269.67	+0.021%	$74.3M	$229.7M	75x	as long as short
MEXC BCH_USDT	−0.0082%	8h	270.26	+0.241%	$71.5M	$6.3M	200x	as long as short
Extended BCH-USD	−0.0080%	1h	269.58	−0.010%	$116K	$653K	25x	as long as short
Variational Omni BCH	−0.0071%	8h	267.74	−0.694%	$85K	$291K	—	as long as short
Bitget BCHUSDT	−0.0027%	8h	269.58	−0.011%	$20.0M	$29.0M	75x	as long as short
Gate BCH_USDT	−0.0024%	8h	269.50	−0.041%	$8.4M	$14.4M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0013%	8h	267.83	−0.660%	$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
Bybit BCHUSDT	−0.0002%	8h	269.50	−0.041%	$39.7M	$32.3M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	269.56	−0.017%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.69	+0.030%	$1.1M	$11.2M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	269.56	−0.019%	$4K	—	150x	as long as short
Nado BCH-PERP	+0.0014%	1h	269.36	−0.094%	$441K	$425K	10x	as long as short
Coinbase International BCH-PERP-INTXlong	+0.0016%	1h	269.61	long leg	$231K	$2.1M	50x
Orderly PERP_BCH_USDC	+0.0026%	8h	269.53	−0.030%	$2K	$176	10x	as long as short
BingX BCH-USDC	+0.0030%	8h	269.64	+0.011%	—	$6.5M	—	as long as short
BloFin BCH-USDT	+0.0037%	8h	268.61	−0.371%	$4.0M	$4.1M	50x	as long as short
OKX BCH-USDT-SWAP	+0.0043%	8h	269.60	−0.004%	$26.3M	$76.5M	50x	as long as short
SoDEX BCH-USD	+0.0075%	1h	269.65	+0.015%	$2K	$6K	10x	as long as short
Lighter BCH	+0.0096%	1h	269.69	+0.031%	$378K	$581K	10x	as long as short
Aster BCHUSDTshort	+0.0100%	8h	269.51	−0.036%	$236K	$666K	75x
Pacifica BCH	+0.0100%	1h	269.50	−0.040%	$170K	$455K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	269.76	+0.056%	$8.9M	$7.9M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.15	−0.543%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	267.95	−0.616%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	269.49	−0.045%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	269.51	−0.037%	$780K	$1.6M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0113%	1h	270.01	+0.147%	$809K	$3.2M	50x	as long as short
Hyperliquid BCH	+0.0151%	1h	269.84	+0.085%	$6.0M	$4.1M	10x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0341% / S −0.0467%	1h	269.57	−0.013%	$26K	—	100x	as long as short