Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0062%/8h= −6.8% APRpaid last 24h 0.000%

Price spread now: BingX against Pacifica−0.066%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$430.435% of the position

Long on Pacifica Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.066%, 7d avg −0.014%

Together, before fees+0.102%+ Points / potential airdropPacifica: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.052% cheaper against Pacifica than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.014%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.092%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BCH	266.41	0.0100	pay 0.0013% / 1h	11m 59s	$162K	$431K	10x
Short	BingX BCH-USDC	266.24	0.0038	get 0.0038% / 8h	11m 59s	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Pacifica. 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 PacificabpFee BingXbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$13.02
Price spread: −0.066% → −0.014%: −$5.2
Slippage, 4 orders: −$25.49
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$61.71
Costs to cover: 0.435%
Break-even: never at this rate

Slippage from Pacifica: live order book, 2 min ago; BingX: live order book, 9 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 Pacifica live order book, 2 min ago	2.63 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	1.32 bp	10.5 bp −$11	35.5 bp −$355	130.1 bp −$13.0K	443.9 bp −$222.0K

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	−0.0504%	1h	266.43	+0.004%	$450K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0314%	1h	266.22	−0.073%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0136%	8h	266.51	+0.036%	$82K	$292K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0126%	1h	266.54	+0.049%	$843K	$3.1M	50x	as long as short
ApeX Omni BCHUSDT	−0.0121%	1h	266.44	+0.009%	$72K	$213K	50x	as long as short
Phemex BCHUSDT	−0.0112%	8h	266.31	−0.039%	$4.9M	$6.5M	50x	as long as short
Bybit BCHUSDT	−0.0079%	8h	266.30	−0.043%	$39.2M	$33.0M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+1.421%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	266.58	+0.062%	$224K	$2.1M	50x	as long as short
Extended BCH-USD	−0.0024%	1h	266.20	−0.081%	$115K	$652K	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	−0.0024%	8h	266.32	−0.035%	$72.9M	$233.0M	75x	as long as short
MEXC BCH_USDT	−0.0021%	8h	266.85	+0.163%	$69.9M	$6.9M	200x	as long as short
dYdX BCH-USD	0.0000%	1h	266.60	+0.068%	$5K	$248	10x	as long as short
Gate BCH_USDT	0.0000%	8h	266.33	−0.032%	$8.3M	$14.9M	75x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.94	+0.197%	$1.2M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	266.48	+0.025%	$4K	—	150x	as long as short
Bitget BCHUSDT	+0.0022%	8h	266.26	−0.058%	$19.1M	$30.1M	75x	as long as short
GRVT BCH_USDT_Perp	+0.0024%	8h	266.27	−0.053%	$388K	$17K	10x	as long as short
Nado BCH-PERP	+0.0025%	1h	266.25	−0.062%	$442K	$436K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	266.26	−0.058%	$2K	$176	10x	as long as short
OKX BCH-USDT-SWAP	+0.0031%	8h	266.30	−0.043%	$25.9M	$78.3M	50x	as long as short
BingX BCH-USDCshort	+0.0038%	8h	266.24	−0.066%	—	$6.5M	—
Lighter BCH	+0.0096%	1h	266.32	−0.036%	$367K	$558K	10x	as long as short
BloFin BCH-USDT	+0.0098%	8h	266.34	−0.028%	$3.9M	$4.2M	50x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.60	+0.070%	$6.0M	$4.5M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.32	−0.035%	$210K	$673K	75x	as long as short
Pacifica BCHlong	+0.0100%	1h	266.41	long leg	$162K	$431K	10x
KuCoin BCHUSDTM	+0.0100%	8h	266.34	−0.028%	$9.0M	$7.8M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.31	−0.041%	$19K	$292K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.28	−0.051%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	266.22	−0.073%	$774K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0332% / S −0.0451%	1h	266.54	+0.047%	$25K	—	100x	as long as short