Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.010%

Price spread now: SunX against Coinbase International−0.126%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$950.954% of the position

Long on Coinbase International Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.126%+$13 on $10k

Price spread, last 3 days (all we have)+0.210%+$21 · spread now −0.126%, 7d avg −0.062%

Together, before fees+0.336%+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.064% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.126% now, against its 7-day average of −0.062%). If the spread goes back, that is −$6 on $10k: about 39 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.126% in total) that is about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BCH-PERP-INTX	270.64	−0.0032	get 0.0004% / 1h	58m 05s	$241K	$2.1M	50x
Short	SunX BCH-USDT	270.30	0.0100	get 0.0100% / 8h	58m 05s	$1K	$2.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.126%Rate

Funding earned: $27.72
Price spread: −0.126% → −0.062%: −$6.36
Slippage, 4 orders: −$77.36
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$73.99
Costs to cover: 0.954%
Break-even: 25.7 days

Slippage from Coinbase International: live order book, 1 min ago; SunX: live order book, 8 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, 1 min ago	5.35 bp	12.4 bp −$12	18.3 bp −$183	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	19.66 bp	29.0 bp −$29	doesn't fit	doesn't fit	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
Deribit BCH_USDC-PERPETUAL	−0.0207%	1h	270.93	+0.106%	$459K	$265K	25x	as long as short
Phemex BCHUSDT	−0.0191%	8h	270.78	+0.052%	$4.9M	$6.5M	50x	as long as short
Variational Omni BCH	−0.0127%	8h	270.01	−0.231%	$83K	$294K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0124%	1h	271.06	+0.154%	$820K	$3.2M	50x	as long as short
SoDEX BCH-USD	−0.0117%	1h	270.75	+0.041%	$2K	$6K	10x	as long as short
Bybit BCHUSDT	−0.0073%	8h	270.71	+0.026%	$39.6M	$33.1M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	−0.163%	$721	$130K	12x	as long as short
Binance BCHUSDT	−0.0034%	8h	270.87	+0.084%	$75.4M	$234.6M	75x	as long as short
MEXC BCH_USDT	−0.0033%	8h	271.37	+0.270%	$71.1M	$6.6M	200x	as long as short
Extended BCH-USD	−0.0032%	1h	270.67	+0.012%	$116K	$653K	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	−0.0032%	1h	270.64	long leg	$241K	$2.1M	50x
dYdX BCH-USD	0.0000%	1h	270.65	+0.004%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	270.96	+0.118%	$1.3M	$11.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	271.00	+0.133%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0009%	8h	270.82	+0.067%	$8.4M	$14.3M	75x	as long as short
GRVT BCH_USDT_Perp	+0.0020%	8h	270.20	−0.164%	$394K	$17K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0024%	8h	270.82	+0.067%	$2K	$176	10x	as long as short
Bitget BCHUSDT	+0.0031%	8h	270.80	+0.059%	$19.7M	$29.6M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0057%	8h	270.70	+0.022%	$26.6M	$79.1M	50x	as long as short
BingX BCH-USDT	+0.0060%	8h	270.77	+0.048%	—	$30.6M	—	as long as short
BloFin BCH-USDT	+0.0086%	8h	270.60	−0.015%	$4.0M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	270.87	+0.084%	$375K	$554K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	270.65	+0.005%	$442K	$429K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	271.17	+0.196%	$6.1M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	270.84	+0.072%	$219K	$704K	75x	as long as short
Pacifica BCH	+0.0100%	1h	270.61	−0.011%	$164K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	270.97	+0.122%	$9.3M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	270.31	−0.121%	$19K	$291K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	270.41	−0.085%	$73K	$214K	50x	as long as short
SunX BCH-USDTshort	+0.0100%	8h	270.30	−0.126%	$1K	$2.0M	30x
HTX BCH-USDT	+0.0100%	8h	270.65	+0.004%	$778K	$1.7M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0335% / S −0.0340%	1h	271.02	+0.139%	$27K	—	100x	as long as short