Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h −0.005%

Price spread now: Coinbase International against MEXC−0.596%7-day average −0.157% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$400.401% of the position

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 3 days (all we have)+0.370%+$37 · spread now −0.596%, 7d avg −0.157%

Together, before fees+0.397%+$40 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.439% cheaper against MEXC than usual: you would sell low and buy high (spread −0.596% now, against its 7-day average of −0.157%). If the spread goes back, that is −$44 on $10k: about 4 months of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BCH_USDT	270.17	−0.0069	get 0.0069% / 8h	7h 15m	$70.8M	$6.7M	200x
Short	Coinbase International BCH-PERP-INTX	268.56	−0.0056	pay 0.0007% / 1h	15m 14s	$230K	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against MEXC. 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 MEXCbpFee Coinbase InternationalbpOrdersPrice spread, now −0.596%Rate

Funding earned: $2.73
Price spread: −0.596% → −0.157%: −$43.88
Slippage, 4 orders: −$26.06
Fee MEXC: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$81.2
Costs to cover: 0.401%
Break-even: 215.2 days

Slippage from MEXC: live order book, 4 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 MEXC live order book, 4 min ago	1.49 bp	4.0 bp −$4	11.3 bp −$113	41.6 bp −$4,159	106.7 bp −$53.3K
Sell Coinbase International live order book, 3 min ago	6.15 bp	13.3 bp −$13	19.1 bp −$191	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
Phemex BCHUSDT	−0.0669%	8h	269.76	−0.152%	$5.0M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0547%	1h	269.75	−0.155%	$2K	$6K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0383%	1h	269.90	−0.100%	$456K	$266K	25x	as long as short
ApeX Omni BCHUSDT	−0.0232%	1h	268.64	−0.566%	$73K	$215K	50x	as long as short
GRVT BCH_USDT_Perp	−0.0210%	8h	268.51	−0.614%	$391K	$17K	10x	as long as short
Gate BCH_USDT	−0.0150%	8h	269.84	−0.122%	$8.5M	$14.3M	75x	as long as short
Variational Omni BCH	−0.0128%	8h	268.91	−0.467%	$82K	$285K	—	as long as short
Bybit BCHUSDT	−0.0076%	8h	269.78	−0.144%	$39.9M	$32.5M	75x	as long as short
Extended BCH-USD	−0.0072%	1h	269.69	−0.178%	$117K	$961K	25x	as long as short
Binance BCHUSDT	−0.0069%	8h	269.77	−0.148%	$73.1M	$229.6M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDTlong	−0.0069%	8h	270.17	long leg	$70.8M	$6.7M	200x
Coinbase International BCH-PERP-INTXshort	−0.0056%	1h	268.56	−0.596%	$230K	$2.0M	50x
Kraken Futures PF_BCHUSD	−0.0049%	1h	270.07	−0.038%	$860K	$3.1M	50x	as long as short
Bitget BCHUSDT	−0.0023%	8h	269.75	−0.155%	$19.3M	$29.1M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0003% / S +0.0007%	1h	269.93	−0.089%	$7K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	269.70	−0.174%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.98	−0.070%	$1.1M	$10.9M	2.7x	as long as short
OKX BCH-USDT-SWAP	+0.0007%	8h	269.70	−0.174%	$26.2M	$76.5M	50x	as long as short
BingX BCH-USDC	+0.0013%	8h	269.81	−0.133%	—	$6.5M	—	as long as short
Nado BCH-PERP	+0.0019%	1h	269.54	−0.232%	$437K	$421K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0029%	8h	269.70	−0.174%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.011%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0051%	8h	269.77	−0.148%	$4.0M	$4.3M	50x	as long as short
HTX BCH-USDT	+0.0084%	8h	269.45	−0.266%	$783K	$1.6M	75x	as long as short
Lighter BCH	+0.0096%	1h	269.83	−0.125%	$372K	$530K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	270.08	−0.033%	$6.6M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	269.74	−0.158%	$178K	$658K	75x	as long as short
Pacifica BCH	+0.0100%	1h	269.63	−0.198%	$164K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	269.85	−0.118%	$8.8M	$7.6M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.42	−0.649%	$19K	$292K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	269.42	−0.278%	$1K	$1.9M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0335% / S −0.0451%	1h	269.92	−0.094%	$25K	—	100x	as long as short