Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h +0.013%

Price spread now: MEXC against Coinbase International+0.194%51s7-day average +0.161% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.404% of the position

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 3 days (all we have)+0.067%+$7 · spread now +0.194%, 7d avg +0.161%

Together, before fees+0.033%+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.033% dearer against Coinbase International than usual: you sell high and buy low (spread +0.194% now, against its 7-day average of +0.161%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 7 days (−0.033% in total) that is about 6.9 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BCH-PERP-INTX	267.90	−0.0024	get 0.0003% / 1h	35m 26s	$246K	$2.0M	50x
Short	MEXC BCH_USDT	268.42	−0.0116	pay 0.0116% / 8h	2h 35m	$71.1M	$6.3M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.194%Rate

Funding earned: −$19.32
Price spread: +0.194% → +0.161%: $3.29
Slippage, 4 orders: −$26.37
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$56.4
Costs to cover: 0.404%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; MEXC: 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, 3 min ago	5.04 bp	14.5 bp −$15	18.4 bp −$184	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	2.61 bp	5.7 bp −$6	22.4 bp −$224	55.9 bp −$5,592	113.4 bp −$56.7K

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	−0.0317%	1h	267.86	−0.015%	$438K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	267.23	−0.250%	$713	$80K	12x	as long as short
Phemex BCHUSDT	−0.0200%	8h	267.45	−0.168%	$4.9M	$6.2M	50x	as long as short
SoDEX BCH-USD	−0.0188%	1h	267.74	−0.060%	$2K	$6K	10x	as long as short
Extended BCH-USD	−0.0120%	1h	267.70	−0.074%	$105K	$643K	25x	as long as short
Binance BCHUSDT	−0.0117%	8h	267.73	−0.063%	$73.9M	$229.1M	75x	as long as short
MEXC BCH_USDTshort	−0.0116%	8h	268.42	+0.194%	$71.1M	$6.3M	200x
Variational Omni BCH	−0.0080%	8h	267.64	−0.097%	$85K	$291K	—	as long as short
Bybit BCHUSDT	−0.0068%	8h	267.70	−0.075%	$39.4M	$32.0M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0051%	8h	268.04	+0.051%	$391K	$17K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BCHUSDT	−0.0050%	8h	267.73	−0.063%	$20.0M	$28.8M	75x	as long as short
Gate BCH_USDT	−0.0033%	8h	267.76	−0.052%	$8.4M	$14.4M	75x	as long as short
Coinbase International BCH-PERP-INTXlong	−0.0024%	1h	267.90	long leg	$246K	$2.0M	50x
BingX BCH-USDC	−0.0007%	8h	267.81	−0.034%	—	$6.5M	—	as long as short
OKX BCH-USDT-SWAP	−0.0005%	8h	267.70	−0.075%	$26.2M	$75.7M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	267.81	−0.033%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.01	+0.041%	$1.1M	$11.4M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.87	−0.010%	$4K	—	150x	as long as short
BloFin BCH-USDT	+0.0001%	8h	268.11	+0.078%	$4.0M	$4.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0029%	8h	267.72	−0.067%	$2K	$176	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	268.03	+0.049%	$804K	$3.2M	50x	as long as short
KuCoin BCHUSDTM	+0.0087%	8h	267.70	−0.075%	$8.9M	$8.0M	75x	as long as short
Nado BCH-PERP	+0.0088%	1h	267.64	−0.096%	$438K	$427K	10x	as long as short
Lighter BCH	+0.0096%	1h	267.69	−0.080%	$375K	$580K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.03	+0.049%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.72	−0.065%	$234K	$660K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.67	−0.084%	$169K	$460K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.36	−0.200%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.16	+0.097%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.54	−0.134%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.60	−0.112%	$770K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0372% / S −0.0574%	1h	267.87	−0.012%	$26K	—	100x	as long as short