Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.022%

Price spread now: Coinbase International against edgeX+0.170%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$520.518% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

Price spread, last 3 days (all we have)−0.209%−$21 · spread now +0.170%, 7d avg +0.052%

Together, before fees−0.348%+ Points / potential airdropedgeX: Active · farm board−$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.119% dearer against edgeX than usual: you sell high and buy low (spread +0.170% now, against its 7-day average of +0.052%): +$12 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 45 hours. At the pace of the last 7 days (−0.139% in total) that is about 6.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.139% in total (about -7.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BCHUSDC	264.21	0.0100	pay 0.0050% / 4h	2h 07m	$19K	$291K	20x
Short	Coinbase International BCH-PERP-INTX	264.66	−0.0112	pay 0.0014% / 1h	7m 13s	$231K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against edgeX. 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 edgeXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.170%Rate

Funding earned: −$44.52
Price spread: +0.170% → +0.052%: $11.86
Slippage, 4 orders: −$32.78
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$84.45
Costs to cover: 0.518%
Break-even: never at this rate

Slippage from edgeX: live order book, 61 min ago; Coinbase International: live order book, 1 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 edgeX live order book, 61 min ago	7.43 bp	12.1 bp −$12	15.5 bp −$155	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	5.10 bp	12.3 bp −$12	19.7 bp −$197	doesn't fit	doesn't fit

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	−0.1398%	8h	264.54	+0.125%	$1K	$1.8M	30x	as long as short
SoDEX BCH-USD	−0.0507%	1h	264.71	+0.189%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0475%	8h	264.68	+0.178%	$4.9M	$6.6M	50x	as long as short
HTX BCH-USDT	−0.0433%	8h	264.59	+0.144%	$775K	$1.5M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0380%	1h	264.77	+0.214%	$447K	$254K	25x	as long as short
Kraken Futures PF_BCHUSD	−0.0300%	1h	264.98	+0.291%	$850K	$3.1M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0207%	8h	264.26	+0.019%	$385K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0150%	1h	264.34	+0.049%	$96K	$226K	50x	as long as short
Gate BCH_USDT	−0.0132%	8h	264.69	+0.182%	$8.3M	$13.6M	75x	as long as short
Variational Omni BCH	−0.0117%	8h	264.80	+0.225%	$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	264.65	+0.166%	$112K	$963K	25x	as long as short
Coinbase International BCH-PERP-INTXshort	−0.0112%	1h	264.66	+0.170%	$231K	$1.9M	50x
Binance BCHUSDT	−0.0110%	8h	264.67	+0.174%	$71.6M	$228.3M	75x	as long as short
MEXC BCH_USDT	−0.0109%	8h	264.98	+0.292%	$69.9M	$7.1M	200x	as long as short
Nado BCH-PERP	−0.0079%	1h	264.61	+0.151%	$418K	$357K	10x	as long as short
Bybit BCHUSDT	−0.0070%	8h	264.68	+0.178%	$39.1M	$33.0M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0054%	8h	264.60	+0.148%	$25.2M	$76.2M	50x	as long as short
Bitget BCHUSDT	−0.0048%	8h	264.60	+0.148%	$19.0M	$28.8M	75x	as long as short
BingX BCH-USDT	−0.0037%	8h	264.64	+0.163%	—	$32.3M	—	as long as short
KuCoin BCHUSDTM	−0.0006%	8h	264.77	+0.212%	$8.6M	$7.5M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	264.95	+0.280%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.12	+0.345%	$1.1M	$10.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	264.84	+0.238%	$4K	—	150x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.267%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0035%	8h	264.62	+0.155%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0040%	1h	264.94	+0.275%	$161K	$379K	10x	as long as short
Lighter BCH	+0.0096%	1h	264.72	+0.193%	$364K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.84	+0.239%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	264.95	+0.280%	$168K	$697K	75x	as long as short
edgeX BCHUSDClong	+0.0100%	4h	264.21	long leg	$19K	$291K	20x
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	264.79	+0.221%	$25K	—	100x	as long as short