Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h +0.001%

Price spread now: Pacifica against KuCoin−0.197%46s7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$560.560% of the position

Long on KuCoin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 4 days (all we have)+0.210%+$21 · spread now −0.197%, 7d avg −0.003%

Together, before fees+0.123%+ Points / potential airdropPacifica: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.194% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.197% now, against its 7-day average of −0.003%). If the spread goes back, that is −$19 on $10k: about 7.8 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.087%, so the current rate has only just turned in your favour. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BCHUSDTM	265.76	−0.0085	get 0.0085% / 8h	44m 52s	$8.5M	$6.5M	75x
Short	Pacifica BCH	265.24	−0.0003	pay 0.0000% / 1h	44m 52s	$159K	$310K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PacificabpOrdersPrice spread, now −0.197%Rate

Funding earned: $17.31
Price spread: −0.197% → −0.003%: −$19.4
Slippage, 4 orders: −$35.98
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$58.07
Costs to cover: 0.560%
Break-even: 30.5 days

Slippage from KuCoin: live order book, 3 min ago; Pacifica: live order book, 58 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, 3 min ago	1.88 bp	19.8 bp −$20	55.7 bp −$557	doesn't fit	doesn't fit
Sell Pacifica live order book, 58 min ago	2.46 bp	9.7 bp −$10	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
SoDEX BCH-USD	−0.0287%	1h	265.56	−0.075%	$2K	$8K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0219%	1h	265.82	+0.024%	$865K	$2.9M	50x	as long as short
Phemex BCHUSDT	−0.0168%	8h	265.55	−0.079%	$4.9M	$6.6M	50x	as long as short
HTX BCH-USDT	−0.0126%	8h	265.24	−0.196%	$777K	$1.4M	75x	as long as short
Variational Omni BCH	−0.0107%	8h	265.50	−0.098%	$81K	$196K	—	as long as short
KuCoin BCHUSDTMlong	−0.0085%	8h	265.76	long leg	$8.5M	$6.5M	75x
Bybit BCHUSDT	−0.0083%	8h	265.63	−0.049%	$39.0M	$31.6M	75x	as long as short
Bitget BCHUSDT	−0.0070%	8h	265.64	−0.045%	$18.9M	$28.1M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0062%	8h	265.60	−0.060%	$25.3M	$77.6M	50x	as long as short
Extended BCH-USD	−0.0048%	1h	265.60	−0.060%	$111K	$909K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0047%	8h	265.74	−0.006%	$73.2M	$218.3M	75x	as long as short
MEXC BCH_USDT	−0.0047%	8h	266.10	+0.128%	$71.0M	$8.7M	200x	as long as short
BingX BCH-USDT	−0.0038%	8h	265.70	−0.023%	—	$15.4M	—	as long as short
GRVT BCH_USDT_Perp	−0.0031%	8h	265.82	+0.022%	$388K	$17K	10x	as long as short
Gate BCH_USDT	−0.0014%	8h	265.76	0.000%	$8.4M	$13.4M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.74	−0.008%	$15K	—	150x	as long as short
Pacifica BCHshort	−0.0003%	1h	265.24	−0.197%	$159K	$310K	10x
dYdX BCH-USD	0.0000%	1h	265.56	−0.075%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.78	+0.008%	$1.0M	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.71	−0.018%	$442K	$337K	25x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.671%	$721	$130K	12x	as long as short
Aster BCHUSDT	+0.0039%	8h	265.70	−0.023%	$138K	$591K	75x	as long as short
Orderly PERP_BCH_USDC	+0.0045%	8h	265.64	−0.045%	$2K	$176	10x	as long as short
Nado BCH-PERP	+0.0062%	1h	265.26	−0.189%	$437K	$358K	10x	as long as short
BloFin BCH-USDT	+0.0073%	8h	265.57	−0.071%	$4.0M	$4.5M	50x	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	265.72	−0.015%	$226K	$1.9M	50x	as long as short
Lighter BCH	+0.0096%	1h	265.64	−0.047%	$354K	$469K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.93	+0.064%	$5.7M	$4.7M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.76	+0.001%	$19K	$345K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.69	−0.026%	$95K	$241K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	265.19	−0.214%	$2K	$1.7M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	265.80	+0.016%	$12K	—	100x	as long as short