Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0164%/8h= +18.0% APRpaid last 24h −0.027%

Price spread now: Coinbase International against KuCoin−0.015%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$790.788% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now −0.015%, 7d avg +0.017%

Together, before fees−0.186%−$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.032% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.015% now, against its 7-day average of +0.017%). If the spread goes back, that is −$3 on $10k: about 15 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.104%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BCHUSDTM	267.07	−0.0076	get 0.0076% / 8h	7h 58m	$8.6M	$6.3M	75x
Short	Coinbase International BCH-PERP-INTX	267.03	0.0088	get 0.0011% / 1h	58m 44s	$244K	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against KuCoin. 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 KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.015%Rate

Funding earned: $34.44
Price spread: −0.015% → +0.017%: −$3.16
Slippage, 4 orders: −$56.84
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$47.55
Costs to cover: 0.788%
Break-even: 16.7 days

Slippage from KuCoin: live order book, 9 min ago; Coinbase International: live order book, 5 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 KuCoin live order book, 9 min ago	2.80 bp	21.3 bp −$21	62.7 bp −$627	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	6.19 bp	17.1 bp −$17	22.5 bp −$225	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
SoDEX BCH-USD	−0.0578%	1h	266.62	−0.168%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0186%	8h	266.66	−0.154%	$4.9M	$6.5M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0158%	1h	266.87	−0.074%	$867K	$2.8M	50x	as long as short
Variational Omni BCH	−0.0138%	8h	266.61	−0.171%	$145K	$259K	—	as long as short
Bybit BCHUSDT	−0.0135%	8h	267.10	+0.011%	$39.4M	$32.1M	75x	as long as short
Bitget BCHUSDT	−0.0077%	8h	267.14	+0.026%	$19.3M	$27.5M	75x	as long as short
KuCoin BCHUSDTMlong	−0.0076%	8h	267.07	long leg	$8.6M	$6.3M	75x
OKX BCH-USDT-SWAP	−0.0075%	8h	267.10	+0.011%	$25.3M	$78.3M	50x	as long as short
Extended BCH-USD	−0.0048%	1h	266.89	−0.069%	$114K	$912K	25x	as long as short
MEXC BCH_USDT	−0.0045%	8h	267.71	+0.240%	$72.0M	$9.0M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0044%	8h	267.23	+0.060%	$74.1M	$216.4M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0039%	8h	266.73	−0.127%	$389K	$17K	10x	as long as short
BingX BCH-USDC	−0.0036%	8h	267.00	−0.026%	—	$6.5M	—	as long as short
Gate BCH_USDT	−0.0032%	8h	267.01	−0.022%	$8.4M	$12.8M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	266.74	−0.122%	$15K	—	150x	as long as short
Pacifica BCH	−0.0002%	1h	267.20	+0.050%	$155K	$299K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	267.33	+0.097%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.88	−0.071%	$1.0M	$9.9M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	266.74	−0.124%	$419K	$359K	25x	as long as short
Aster BCHUSDT	+0.0013%	8h	267.12	+0.019%	$141K	$572K	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.172%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0045%	8h	266.60	−0.176%	$2K	—	10x	as long as short
BloFin BCH-USDT	+0.0075%	8h	266.66	−0.154%	$3.5M	$4.7M	50x	as long as short
Coinbase International BCH-PERP-INTXshort	+0.0088%	1h	267.03	−0.015%	$244K	$2.0M	50x
Lighter BCH	+0.0096%	1h	267.25	+0.069%	$374K	$492K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	266.37	−0.261%	$428K	$361K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.35	+0.105%	$5.8M	$4.7M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.54	−0.198%	$19K	$345K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	266.68	−0.146%	$96K	$242K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.48	−0.221%	$2K	$1.6M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	266.76	−0.116%	$779K	$1.4M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0203% / S −0.0147%	1h	266.78	−0.109%	$12K	—	100x	as long as short