Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.006%

Price spread now: Pacifica against MEXC−0.210%7-day average −0.168% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on MEXC Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 4 days (all we have)+0.155%+$16 · spread now −0.210%, 7d avg −0.168%

Together, before fees+0.171%+ Points / potential airdropPacifica: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.041% cheaper against MEXC than usual: you would sell low and buy high (spread −0.210% now, against its 7-day average of −0.168%). If the spread goes back, that is −$4 on $10k: about 27 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.015% in total) that is about 19 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BCH_USDT	267.07	−0.0024	get 0.0024% / 8h	9m 13s	$70.0M	$6.9M	200x
Short	Pacifica BCH	266.51	0.0100	get 0.0013% / 1h	9m 13s	$162K	$429K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.210%Rate

Funding earned: $26.04
Price spread: −0.210% → −0.168%: −$4.15
Slippage, 4 orders: −$21.24
Fee MEXC: 2 bp × 2 orders: −$4
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$11.35
Costs to cover: 0.332%
Break-even: 10.1 days

Slippage from MEXC: live order book, 5 min ago; Pacifica: live order book, 4 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, 5 min ago	2.25 bp	7.6 bp −$8	12.4 bp −$124	37.5 bp −$3,752	95.4 bp −$47.7K
Sell Pacifica live order book, 4 min ago	2.63 bp	9.8 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
Deribit BCH_USDC-PERPETUAL	−0.0507%	1h	266.62	−0.170%	$450K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0335%	1h	266.45	−0.232%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0136%	8h	266.11	−0.359%	$82K	$292K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0126%	1h	266.75	−0.120%	$840K	$3.1M	50x	as long as short
Phemex BCHUSDT	−0.0116%	8h	266.47	−0.225%	$4.9M	$6.5M	50x	as long as short
ApeX Omni BCHUSDT	−0.0108%	1h	266.44	−0.236%	$72K	$214K	50x	as long as short
Bybit BCHUSDT	−0.0077%	8h	266.48	−0.221%	$39.2M	$33.0M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+1.172%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	266.58	−0.183%	$224K	$2.1M	50x	as long as short
Binance BCHUSDT	−0.0026%	8h	266.46	−0.228%	$73.0M	$232.9M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0024%	1h	266.48	−0.221%	$115K	$652K	25x	as long as short
MEXC BCH_USDTlong	−0.0024%	8h	267.07	long leg	$70.0M	$6.9M	200x
dYdX BCH-USD	0.0000%	1h	266.60	−0.178%	$5K	$248	10x	as long as short
Gate BCH_USDT	0.0000%	8h	266.54	−0.198%	$8.3M	$14.9M	75x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.90	−0.064%	$1.2M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	266.74	−0.124%	$4K	—	150x	as long as short
Nado BCH-PERP	+0.0018%	1h	266.35	−0.270%	$442K	$434K	10x	as long as short
Bitget BCHUSDT	+0.0020%	8h	266.49	−0.217%	$19.1M	$30.1M	75x	as long as short
GRVT BCH_USDT_Perp	+0.0020%	8h	266.27	−0.301%	$388K	$17K	10x	as long as short
OKX BCH-USDT-SWAP	+0.0028%	8h	266.40	−0.251%	$26.0M	$78.4M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	266.50	−0.213%	$2K	$176	10x	as long as short
BingX BCH-USDC	+0.0033%	8h	266.42	−0.243%	—	$6.5M	—	as long as short
BloFin BCH-USDT	+0.0094%	8h	266.48	−0.221%	$3.9M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	266.52	−0.207%	$367K	$558K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.77	−0.112%	$6.0M	$4.5M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.54	−0.199%	$210K	$673K	75x	as long as short
Pacifica BCHshort	+0.0100%	1h	266.51	−0.210%	$162K	$429K	10x
KuCoin BCHUSDTM	+0.0100%	8h	266.63	−0.165%	$9.0M	$7.8M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.19	−0.328%	$19K	$290K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.26	−0.303%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	266.39	−0.255%	$773K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0332% / S −0.0451%	1h	266.73	−0.127%	$25K	—	100x	as long as short