Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h +0.012%

Price spread now: Gate against Coinbase International−0.369%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$550.547% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 3 days (all we have)+0.430%+$43 · spread now −0.369%, 7d avg −0.026%

Together, before fees+0.439%+$44 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.343% cheaper against Coinbase International than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of −0.026%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BCH-PERP-INTX	265.88	−0.0112	get 0.0014% / 1h	10m 27s	$232K	$2.0M	50x
Short	Gate BCH_USDT	264.90	−0.0136	pay 0.0136% / 8h	6h 10m	$8.4M	$13.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.369%Rate

Funding earned: −$5.04
Price spread: −0.369% → −0.026%: −$34.26
Slippage, 4 orders: −$29.68
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$93.98
Costs to cover: 0.547%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Gate: live order book, 3 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, 3 min ago	6.22 bp	15.8 bp −$16	21.3 bp −$213	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.08 bp	12.6 bp −$13	16.1 bp −$161	60.3 bp −$6,033	85.1 bp −$42.6K

BCH on 31 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	−0.1239%	8h	264.84	−0.391%	$1K	$1.8M	30x	as long as short
SoDEX BCH-USD	−0.0521%	1h	265.05	−0.312%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0455%	8h	264.94	−0.354%	$4.9M	$6.6M	50x	as long as short
HTX BCH-USDT	−0.0406%	8h	264.92	−0.361%	$776K	$1.6M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0376%	1h	265.09	−0.298%	$448K	$255K	25x	as long as short
Kraken Futures PF_BCHUSD	−0.0300%	1h	265.34	−0.205%	$851K	$3.1M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0205%	8h	265.02	−0.324%	$386K	$17K	10x	as long as short
Gate BCH_USDTshort	−0.0136%	8h	264.90	−0.369%	$8.4M	$13.6M	75x
ApeX Omni BCHUSDT	−0.0131%	1h	265.18	−0.263%	$97K	$227K	50x	as long as short
Variational Omni BCH	−0.0117%	8h	264.80	−0.405%	$81K	$231K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0112%	1h	264.63	−0.472%	$112K	$964K	25x	as long as short
Coinbase International BCH-PERP-INTXlong	−0.0112%	1h	265.88	long leg	$232K	$2.0M	50x
MEXC BCH_USDT	−0.0108%	8h	265.14	−0.278%	$70.0M	$7.1M	200x	as long as short
Binance BCHUSDT	−0.0108%	8h	264.71	−0.441%	$71.6M	$228.8M	75x	as long as short
Bybit BCHUSDT	−0.0074%	8h	264.71	−0.440%	$39.1M	$33.0M	75x	as long as short
Nado BCH-PERP	−0.0069%	1h	264.76	−0.420%	$418K	$376K	10x	as long as short
OKX BCH-USDT-SWAP	−0.0052%	8h	264.60	−0.481%	$25.2M	$77.8M	50x	as long as short
Bitget BCHUSDT	−0.0045%	8h	264.85	−0.387%	$19.0M	$29.2M	75x	as long as short
BingX BCH-USDT	−0.0035%	8h	264.93	−0.357%	—	$32.3M	—	as long as short
dYdX BCH-USD	0.0000%	1h	264.99	−0.336%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.49	−0.147%	$1.1M	$10.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.13	−0.282%	$4K	—	150x	as long as short
KuCoin BCHUSDTM	+0.0001%	8h	264.94	−0.354%	$8.6M	$7.5M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.625%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0035%	8h	264.99	−0.335%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0040%	1h	264.80	−0.407%	$161K	$379K	10x	as long as short
Lighter BCH	+0.0096%	1h	264.78	−0.415%	$364K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.96	−0.346%	$5.7M	$5.0M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.00	−0.332%	$168K	$697K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.79	−0.412%	$19K	$293K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.09	−0.298%	$25K	—	100x	as long as short