Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.016%

Price spread now: Bitget against Coinbase International−0.064%7-day average −0.044% · you buy dearer than you sell

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−$510.514% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+0.293%+$29 · spread now −0.064%, 7d avg −0.044%

Together, before fees+0.318%+$32 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BCH-PERP-INTX	265.07	−0.0104	get 0.0013% / 1h	55m 05s	$221K	$1.8M	50x
Short	Bitget BCHUSDT	264.90	−0.0072	pay 0.0072% / 8h	4h 55m	$19.0M	$28.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.064%Rate

Funding earned: $6.72
Price spread: −0.064% → −0.044%: −$2
Slippage, 4 orders: −$29.45
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$46.73
Costs to cover: 0.514%
Break-even: 55.7 days

Slippage from Coinbase International: live order book, 4 min ago; Bitget: 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 Coinbase International live order book, 4 min ago	4.91 bp	13.7 bp −$14	19.1 bp −$191	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.19 bp	10.7 bp −$11	14.0 bp −$140	37.4 bp −$3,745	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
SunX BCH-USDT	−0.0881%	8h	264.60	−0.177%	$2K	$1.7M	30x	as long as short
ApeX Omni BCHUSDT	−0.0625%	1h	264.10	−0.366%	$96K	$228K	50x	as long as short
HTX BCH-USDT	−0.0352%	8h	264.88	−0.072%	$772K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0333%	8h	265.02	−0.019%	$4.9M	$6.4M	50x	as long as short
SoDEX BCH-USD	−0.0248%	1h	264.95	−0.045%	$2K	$8K	10x	as long as short
Nado BCH-PERP	−0.0174%	1h	264.65	−0.158%	$421K	$339K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0122%	8h	264.00	−0.404%	$385K	$17K	10x	as long as short
MEXC BCH_USDT	−0.0106%	8h	265.34	+0.102%	$69.9M	$7.2M	200x	as long as short
Binance BCHUSDT	−0.0104%	8h	265.02	−0.019%	$72.2M	$213.4M	75x	as long as short
Extended BCH-USD	−0.0104%	1h	264.89	−0.068%	$112K	$952K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTXlong	−0.0104%	1h	265.07	long leg	$221K	$1.8M	50x
Variational Omni BCH	−0.0092%	8h	265.11	+0.014%	$81K	$201K	—	as long as short
Gate BCH_USDT	−0.0091%	8h	265.09	+0.008%	$8.3M	$13.3M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0081%	8h	265.00	−0.026%	$25.0M	$74.2M	50x	as long as short
KuCoin BCHUSDTM	−0.0077%	8h	265.05	−0.008%	$8.5M	$7.1M	75x	as long as short
Bitget BCHUSDTshort	−0.0072%	8h	264.90	−0.064%	$19.0M	$28.1M	75x
BingX BCH-USDC	−0.0039%	8h	264.98	−0.034%	—	$6.5M	—	as long as short
Bybit BCHUSDT	−0.0032%	8h	265.03	−0.015%	$39.2M	$30.9M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.04	−0.010%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.88	−0.073%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.42	+0.132%	$1.1M	$10.2M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.15	+0.031%	$444K	$331K	25x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	265.20	+0.048%	$850K	$3.0M	50x	as long as short
BloFin BCH-USDT	+0.0016%	8h	265.03	−0.015%	$4.0M	$4.2M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.935%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0034%	8h	264.98	−0.034%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	264.74	−0.125%	$161K	$321K	10x	as long as short
Lighter BCH	+0.0096%	1h	264.98	−0.034%	$362K	$482K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.25	+0.068%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.21	+0.052%	$168K	$519K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.02	−0.396%	$19K	$289K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0356% / S −0.0525%	1h	265.07	+0.002%	$25K	—	100x	as long as short