Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.019%

Price spread now: BingX against Coinbase International−0.071%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$390.393% of the position

Long on Coinbase International Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.071% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.071% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 3.1 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.076% in total) that is about 6.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BCH-PERP-INTX	269.03	−0.0032	get 0.0004% / 1h	34m 07s	$236K	$2.1M	50x
Short	BingX BCH-USDT	268.84	0.0043	get 0.0043% / 8h	34m 07s	—	$31.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.071%Rate

Funding earned: $15.75
Price spread: −0.071% → 0.000%: −$7.06
Slippage, 4 orders: −$19.3
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$30.61
Costs to cover: 0.393%
Break-even: 20.6 days

Slippage from Coinbase International: live order book, 5 min ago; BingX: live order book, 5 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, 5 min ago	6.11 bp	13.7 bp −$14	19.2 bp −$192	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	0.74 bp	5.7 bp −$6	6.0 bp −$60	14.5 bp −$1,452	21.1 bp −$10.6K

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	−0.0512%	1h	268.79	−0.091%	$454K	$266K	25x	as long as short
Phemex BCHUSDT	−0.0154%	8h	268.86	−0.063%	$4.9M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0143%	1h	268.66	−0.138%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0142%	8h	268.82	−0.078%	$82K	$294K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0125%	1h	268.99	−0.013%	$829K	$3.1M	50x	as long as short
Bybit BCHUSDT	−0.0084%	8h	268.62	−0.152%	$39.4M	$32.7M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+0.435%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTXlong	−0.0032%	1h	269.03	long leg	$236K	$2.1M	50x
Extended BCH-USD	−0.0024%	1h	268.51	−0.192%	$116K	$652K	25x	as long as short
Binance BCHUSDT	−0.0021%	8h	268.73	−0.112%	$74.6M	$231.8M	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	−0.0021%	8h	269.22	+0.071%	$70.5M	$6.7M	200x	as long as short
dYdX BCH-USD	0.0000%	1h	269.14	+0.042%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.11	+0.030%	$1.3M	$12.0M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.94	−0.033%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0010%	8h	268.75	−0.104%	$8.4M	$14.5M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	268.71	−0.119%	$2K	$176	10x	as long as short
GRVT BCH_USDT_Perp	+0.0028%	8h	269.11	+0.031%	$392K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0034%	8h	268.62	−0.152%	$19.1M	$29.3M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0040%	8h	268.60	−0.160%	$26.3M	$77.9M	50x	as long as short
BingX BCH-USDTshort	+0.0043%	8h	268.84	−0.071%	—	$31.0M	—
ApeX Omni BCHUSDT	+0.0086%	1h	269.16	+0.048%	$73K	$214K	50x	as long as short
Lighter BCH	+0.0096%	1h	268.77	−0.096%	$371K	$555K	10x	as long as short
BloFin BCH-USDT	+0.0099%	8h	268.93	−0.037%	$4.0M	$4.2M	50x	as long as short
Nado BCH-PERP	+0.0100%	1h	268.85	−0.067%	$444K	$430K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.08	+0.019%	$6.0M	$4.3M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.84	−0.071%	$216K	$709K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.93	−0.037%	$163K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.88	−0.056%	$9.2M	$7.9M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.98	−0.020%	$19K	$290K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.78	−0.093%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.79	−0.089%	$777K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0334% / S −0.0340%	1h	268.88	−0.055%	$27K	—	100x	as long as short