Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.011%

Price spread now: Orderly against Coinbase International−0.052%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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. Orderly is 0.052% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.052% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 3.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BCH-PERP-INTX	267.44	−0.0024	get 0.0003% / 1h	54m 28s	$255K	$2.1M	50x
Short	Orderly PERP_BCH_USDC	267.30	0.0030	get 0.0030% / 8h	2h 54m	$2K	$176	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.052%Rate

Funding earned: $11.32
Price spread: −0.052% → 0.000%: −$5.23
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$9.92
Costs to cover: 0.160%
Break-even: 13.1 days

Slippage unknown: Coinbase International: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

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	5.42 bp	12.1 bp −$12	17.7 bp −$177	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective BCH/USDC PERP	−0.0304%	1h	267.23	−0.079%	$713	$80K	12x	as long as short
Phemex BCHUSDT	−0.0194%	8h	267.28	−0.060%	$4.9M	$6.3M	50x	as long as short
Binance BCHUSDT	−0.0123%	8h	266.49	−0.355%	$73.6M	$231.5M	75x	as long as short
MEXC BCH_USDT	−0.0123%	8h	267.42	−0.007%	$70.8M	$6.3M	200x	as long as short
Extended BCH-USD	−0.0120%	1h	266.34	−0.410%	$105K	$643K	25x	as long as short
Bybit BCHUSDT	−0.0114%	8h	266.38	−0.396%	$39.3M	$32.5M	75x	as long as short
Variational Omni BCH	−0.0085%	8h	266.75	−0.259%	$85K	$291K	—	as long as short
GRVT BCH_USDT_Perp	−0.0076%	8h	266.83	−0.229%	$389K	$17K	10x	as long as short
SoDEX BCH-USD	−0.0062%	1h	267.29	−0.056%	$2K	$6K	10x	as long as short
Bitget BCHUSDT	−0.0058%	8h	266.44	−0.374%	$19.9M	$29.2M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0046%	8h	266.68	−0.284%	$8.3M	$14.3M	75x	as long as short
BingX BCH-USDT	−0.0025%	8h	266.64	−0.299%	—	$32.2M	—	as long as short
OKX BCH-USDT-SWAP	−0.0025%	8h	266.30	−0.426%	$26.1M	$76.2M	50x	as long as short
Coinbase International BCH-PERP-INTXlong	−0.0024%	1h	267.44	long leg	$255K	$2.1M	50x
BloFin BCH-USDT	−0.0003%	8h	267.07	−0.138%	$4.0M	$4.1M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	267.05	−0.146%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.91	−0.198%	$1.1M	$11.7M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	267.44	−0.001%	$437K	$251K	25x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.27	−0.064%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDCshort	+0.0030%	8h	267.30	−0.052%	$2K	$176	10x
Nado BCH-PERP	+0.0050%	1h	266.56	−0.329%	$439K	$428K	10x	as long as short
KuCoin BCHUSDTM	+0.0066%	8h	267.10	−0.127%	$8.8M	$8.1M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	267.53	+0.035%	$805K	$3.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	266.99	−0.170%	$375K	$579K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.81	−0.236%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.17	−0.101%	$234K	$674K	75x	as long as short
Pacifica BCH	+0.0100%	1h	266.93	−0.189%	$168K	$461K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.84	−0.225%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	266.97	−0.176%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.97	−0.176%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.18	−0.097%	$769K	$1.7M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0365% / S −0.0554%	1h	267.34	−0.039%	$25K	—	100x	as long as short