Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h +0.013%

Price spread now: Binance against Coinbase International−0.063%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$420.420% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 3 days (all we have)+0.221%+$22 · spread now −0.063%, 7d avg −0.034%

Together, before fees+0.189%+$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.029% cheaper against Coinbase International than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BCH-PERP-INTX	270.64	−0.0032	get 0.0004% / 1h	59m 13s	$241K	$2.1M	50x
Short	Binance BCHUSDT	270.47	−0.0034	pay 0.0034% / 8h	59m 13s	$75.3M	$234.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.063%Rate

Funding earned: −$0.38
Price spread: −0.063% → −0.034%: −$2.87
Slippage, 4 orders: −$21.95
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$45.2
Costs to cover: 0.420%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Binance: live order book, 14 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, 4 min ago	4.62 bp	12.3 bp −$12	18.4 bp −$184	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.19 bp	6.6 bp −$7	14.0 bp −$140	40.9 bp −$4,085	125.1 bp −$62.5K

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	−0.0256%	1h	270.66	+0.007%	$459K	$265K	25x	as long as short
Phemex BCHUSDT	−0.0192%	8h	270.58	−0.022%	$4.9M	$6.5M	50x	as long as short
Variational Omni BCH	−0.0127%	8h	270.01	−0.231%	$83K	$294K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0124%	1h	270.82	+0.065%	$819K	$3.2M	50x	as long as short
Bybit BCHUSDT	−0.0073%	8h	270.40	−0.089%	$39.6M	$33.1M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	−0.163%	$721	$130K	12x	as long as short
MEXC BCH_USDT	−0.0036%	8h	271.03	+0.144%	$71.0M	$6.6M	200x	as long as short
Binance BCHUSDTshort	−0.0034%	8h	270.47	−0.063%	$75.3M	$234.7M	75x
Extended BCH-USD	−0.0032%	1h	270.46	−0.065%	$116K	$653K	25x	as long as short
Coinbase International BCH-PERP-INTXlong	−0.0032%	1h	270.64	long leg	$241K	$2.1M	50x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BCH-USD	0.0000%	1h	270.85	+0.077%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	270.86	+0.081%	$1.3M	$11.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	270.65	+0.005%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0009%	8h	270.58	−0.022%	$8.4M	$14.3M	75x	as long as short
GRVT BCH_USDT_Perp	+0.0020%	8h	270.20	−0.164%	$394K	$17K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0024%	8h	270.56	−0.030%	$2K	$176	10x	as long as short
SoDEX BCH-USD	+0.0029%	1h	270.59	−0.018%	$2K	$6K	10x	as long as short
Bitget BCHUSDT	+0.0031%	8h	270.58	−0.022%	$19.6M	$29.6M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0055%	8h	270.30	−0.126%	$26.6M	$78.9M	50x	as long as short
BingX BCH-USDC	+0.0060%	8h	270.51	−0.048%	—	$6.5M	—	as long as short
BloFin BCH-USDT	+0.0086%	8h	270.60	−0.015%	$4.0M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	270.51	−0.047%	$378K	$550K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	270.25	−0.144%	$442K	$429K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	270.83	+0.069%	$6.1M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	270.55	−0.034%	$218K	$704K	75x	as long as short
Pacifica BCH	+0.0100%	1h	270.52	−0.042%	$164K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	270.69	+0.018%	$9.3M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	270.31	−0.121%	$19K	$291K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	270.41	−0.085%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	270.24	−0.148%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	270.51	−0.048%	$778K	$1.7M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0335% / S −0.0340%	1h	270.69	+0.018%	$27K	—	100x	as long as short