Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h −0.021%

Price spread now: Bybit against Pacifica+0.009%7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on Pacifica Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.009%, 7d avg −0.039%

Together, before fees−0.069%+ Points / potential airdropPacifica: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.049% dearer against Pacifica than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.039%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BCH	265.56	0.0077	pay 0.0010% / 1h	31m 30s	$161K	$306K	10x
Short	Bybit BCHUSDT	265.58	0.0003	get 0.0003% / 8h	4h 31m	$39.2M	$31.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$15.46
Price spread: +0.009% → −0.039%: $4.87
Slippage, 4 orders: −$21.21
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$50.8
Costs to cover: 0.402%
Break-even: never at this rate

Slippage from Pacifica: live order book, 27 min ago; Bybit: live order book, 2 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, 27 min ago	0.19 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.89 bp	10.0 bp −$10	18.0 bp −$180	80.4 bp −$8,043	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
SunX BCH-USDT	−0.0609%	8h	264.72	−0.315%	$1K	$1.7M	30x	as long as short
Phemex BCHUSDT	−0.0291%	8h	265.15	−0.153%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0286%	8h	264.97	−0.220%	$773K	$1.4M	75x	as long as short
Nado BCH-PERP	−0.0266%	1h	265.34	−0.080%	$428K	$341K	10x	as long as short
SoDEX BCH-USD	−0.0236%	1h	265.16	−0.149%	$2K	$8K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	265.29	−0.100%	$219K	$1.8M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0098%	8h	265.40	−0.058%	$25.0M	$74.8M	50x	as long as short
Extended BCH-USD	−0.0096%	1h	265.39	−0.063%	$115K	$950K	25x	as long as short
MEXC BCH_USDT	−0.0096%	8h	266.00	+0.167%	$70.4M	$7.8M	200x	as long as short
GRVT BCH_USDT_Perp	−0.0095%	8h	263.77	−0.672%	$385K	$17K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0093%	8h	265.74	+0.068%	$72.3M	$214.0M	75x	as long as short
KuCoin BCHUSDTM	−0.0089%	8h	265.59	+0.013%	$8.5M	$7.1M	75x	as long as short
Variational Omni BCH	−0.0083%	8h	263.10	−0.923%	$81K	$201K	—	as long as short
Gate BCH_USDT	−0.0078%	8h	265.72	+0.062%	$8.4M	$13.6M	75x	as long as short
Bitget BCHUSDT	−0.0076%	8h	265.59	+0.013%	$19.0M	$28.1M	75x	as long as short
BingX BCH-USDC	−0.0011%	8h	265.65	+0.036%	—	$6.5M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.73	+0.066%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.60	+0.017%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.02	−0.202%	$1.0M	$10.3M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.23	−0.124%	$444K	$331K	25x	as long as short
Bybit BCHUSDTshort	+0.0003%	8h	265.58	+0.009%	$39.2M	$31.0M	75x
Kraken Futures PF_BCHUSD	+0.0011%	1h	265.40	−0.059%	$850K	$3.0M	50x	as long as short
BloFin BCH-USDT	+0.0022%	8h	264.56	−0.375%	$3.9M	$4.2M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.749%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0036%	8h	265.62	+0.024%	$2K	$176	10x	as long as short
Pacifica BCHlong	+0.0077%	1h	265.56	long leg	$161K	$306K	10x
Lighter BCH	+0.0096%	1h	265.57	+0.004%	$359K	$487K	10x	as long as short
ApeX Omni BCHUSDT	+0.0099%	1h	264.36	−0.450%	$96K	$230K	50x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.89	+0.126%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.62	+0.024%	$167K	$516K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.61	−0.733%	$19K	$289K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0357% / S −0.0525%	1h	265.75	+0.075%	$25K	—	100x	as long as short