Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h −0.011%

Price spread now: Coinbase International against Gate−0.228%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$510.510% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 3 days (all we have)+0.102%+$10 · spread now −0.228%, 7d avg +0.025%

Together, before fees+0.097%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.253% cheaper against Gate than usual: you would sell low and buy high (spread −0.228% now, against its 7-day average of +0.025%). If the spread goes back, that is −$25 on $10k: about 53 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BCH_USDT	267.50	−0.0040	get 0.0040% / 8h	2h 40m	$8.4M	$14.4M	75x
Short	Coinbase International BCH-PERP-INTX	266.89	−0.0024	pay 0.0003% / 1h	40m 45s	$254K	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now −0.228%Rate

Funding earned: $3.36
Price spread: −0.228% → +0.025%: −$25.28
Slippage, 4 orders: −$25.96
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$72.88
Costs to cover: 0.510%
Break-even: 158.8 days

Slippage from Gate: live order book, 3 min ago; Coinbase International: 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 Gate live order book, 3 min ago	0.94 bp	12.1 bp −$12	20.5 bp −$205	34.3 bp −$3,432	46.8 bp −$23.4K
Sell Coinbase International live order book, 3 min ago	4.67 bp	14.4 bp −$14	19.3 bp −$193	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	−0.0336%	1h	267.63	+0.049%	$438K	$248K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	267.23	−0.101%	$713	$80K	12x	as long as short
Phemex BCHUSDT	−0.0202%	8h	267.50	0.000%	$4.9M	$6.2M	50x	as long as short
SoDEX BCH-USD	−0.0185%	1h	267.49	−0.004%	$2K	$6K	10x	as long as short
Extended BCH-USD	−0.0120%	1h	267.38	−0.043%	$105K	$643K	25x	as long as short
Binance BCHUSDT	−0.0119%	8h	267.49	−0.004%	$73.8M	$229.0M	75x	as long as short
MEXC BCH_USDT	−0.0119%	8h	268.12	+0.232%	$71.0M	$6.3M	200x	as long as short
Bybit BCHUSDT	−0.0083%	8h	267.42	−0.030%	$39.4M	$32.1M	75x	as long as short
Variational Omni BCH	−0.0082%	8h	267.05	−0.168%	$85K	$291K	—	as long as short
GRVT BCH_USDT_Perp	−0.0063%	8h	267.17	−0.125%	$389K	$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	−0.0054%	8h	267.43	−0.026%	$20.0M	$28.7M	75x	as long as short
Gate BCH_USDTlong	−0.0040%	8h	267.50	long leg	$8.4M	$14.4M	75x
Coinbase International BCH-PERP-INTXshort	−0.0024%	1h	266.89	−0.228%	$254K	$2.0M	50x
BingX BCH-USDC	−0.0016%	8h	267.49	−0.004%	—	$6.5M	—	as long as short
OKX BCH-USDT-SWAP	−0.0012%	8h	267.40	−0.037%	$26.2M	$75.6M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	267.71	+0.078%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.68	+0.067%	$1.1M	$11.4M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.68	+0.065%	$4K	—	150x	as long as short
BloFin BCH-USDT	+0.0001%	8h	267.48	−0.007%	$4.0M	$4.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0029%	8h	267.50	0.000%	$2K	$176	10x	as long as short
Nado BCH-PERP	+0.0065%	1h	267.33	−0.064%	$440K	$422K	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	267.73	+0.088%	$803K	$3.2M	50x	as long as short
KuCoin BCHUSDTM	+0.0078%	8h	267.52	+0.007%	$8.8M	$8.0M	75x	as long as short
Lighter BCH	+0.0096%	1h	267.56	+0.021%	$376K	$580K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.81	+0.116%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.57	+0.025%	$234K	$674K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.52	+0.008%	$169K	$461K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.10	−0.149%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	267.18	−0.120%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.40	−0.037%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.47	−0.011%	$769K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0365% / S −0.0554%	1h	267.66	+0.059%	$25K	—	100x	as long as short