Funding you earn now, next payment 23:00 UTC−0.0132%/8h= −14.5% APRnext payment −$0.17 per $10,000 · paid last 24h −0.019%
Price spread now: Coinbase International against Pacifica−0.023%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$500.499% of the position
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 3 days (all we have)−0.091%−$9 · spread now −0.023%, 7d avg +0.016%
=Together, before fees−0.076%+ Points / potential airdropPacifica: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Coinbase International is 0.040% cheaper against Pacifica than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.016%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica BCH | 268.90 | 0.0100 | pay 0.0013% / 1h | 35m 28s | $163K | $467K | 10x |
| Short | Coinbase International BCH-PERP-INTX | 268.84 | −0.0032 | pay 0.0004% / 1h | 35m 28s | $238K | $2.1M | 50x |
Pacifica BCH
Coinbase International BCH-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Pacifica. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$27.72
- Price spread: −0.023% → +0.016%
- −$3.96
- Slippage, 4 orders
- −$31.9
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$81.58
- Costs to cover
- 0.499%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 43 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 Pacifica live order book, 43 min ago | 2.59 bp | 10.4 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 6.11 bp | 14.1 bp −$14 | 20.3 bp −$203 | 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 | −0.0263% | 1h | 269.10 | +0.073% | $455K | $266K | 25x | as long as short |
| Phemex BCHUSDT | −0.0159% | 8h | 269.16 | +0.096% | $4.9M | $6.5M | 50x | as long as short |
| Variational Omni BCH | −0.0142% | 8h | 268.82 | −0.031% | $82K | $294K | — | as long as short |
| Kraken Futures PF_BCHUSD | −0.0125% | 1h | 269.36 | +0.170% | $830K | $3.2M | 50x | as long as short |
| SoDEX BCH-USD | −0.0121% | 1h | 268.96 | +0.021% | $2K | $6K | 10x | as long as short |
| Bybit BCHUSDT | −0.0084% | 8h | 268.80 | −0.038% | $39.4M | $32.9M | 75x | as long as short |
| Injective BCH/USDC PERP | −0.0054% | 1h | 270.20 | +0.482% | $721 | $130K | 12x | as long as short |
| Coinbase International BCH-PERP-INTXshort | −0.0032% | 1h | 268.84 | −0.023% | $238K | $2.1M | 50x | |
| Extended BCH-USD | −0.0024% | 1h | 268.81 | −0.036% | $116K | $652K | 25x | as long as short |
| MEXC BCH_USDT | −0.0022% | 8h | 269.35 | +0.166% | $70.5M | $6.7M | 200x | as long as short |
Deribit BCH_USDC-PERPETUAL
Phemex BCHUSDT
Variational Omni BCH
Kraken Futures PF_BCHUSD
SoDEX BCH-USD
Bybit BCHUSDT
Injective BCH/USDC PERP
Extended BCH-USD
MEXC BCH_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BCHUSDT | −0.0021% | 8h | 268.96 | +0.022% | $74.7M | $232.8M | 75x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 268.98 | +0.028% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 269.20 | +0.111% | $1.3M | $12.0M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 269.06 | +0.058% | $4K | — | 150x | as long as short |
| Gate BCH_USDT | +0.0010% | 8h | 268.91 | +0.003% | $8.4M | $14.5M | 75x | as long as short |
| Orderly PERP_BCH_USDC | +0.0028% | 8h | 268.84 | −0.023% | $2K | $176 | 10x | as long as short |
| GRVT BCH_USDT_Perp | +0.0028% | 8h | 269.11 | +0.079% | $392K | $17K | 10x | as long as short |
| Bitget BCHUSDT | +0.0035% | 8h | 268.86 | −0.016% | $19.2M | $29.3M | 75x | as long as short |
| OKX BCH-USDT-SWAP | +0.0042% | 8h | 268.70 | −0.075% | $26.3M | $78.2M | 50x | as long as short |
| BingX BCH-USDC | +0.0043% | 8h | 268.86 | −0.016% | — | $6.5M | — | as long as short |
| ApeX Omni BCHUSDT | +0.0086% | 1h | 269.16 | +0.096% | $73K | $214K | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 268.92 | +0.006% | $371K | $555K | 10x | as long as short |
| BloFin BCH-USDT | +0.0099% | 8h | 268.74 | −0.060% | $4.0M | $4.2M | 50x | as long as short |
| Nado BCH-PERP | +0.0100% | 1h | 268.66 | −0.091% | $448K | $428K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 269.33 | +0.161% | $6.0M | $4.3M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 268.84 | −0.023% | $216K | $709K | 75x | as long as short |
| Pacifica BCHlong | +0.0100% | 1h | 268.90 | long leg | $163K | $467K | 10x | |
| KuCoin BCHUSDTM | +0.0100% | 8h | 269.06 | +0.059% | $9.2M | $7.9M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 268.98 | +0.027% | $19K | $290K | 20x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 268.82 | −0.031% | $2K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 269.06 | +0.059% | $778K | $1.7M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0334% / S −0.0340% | 1h | 269.05 | +0.053% | $27K | — | 100x | as long as short |
Binance BCHUSDT
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Gate BCH_USDT
Orderly PERP_BCH_USDC
GRVT BCH_USDT_Perp
Bitget BCHUSDT
OKX BCH-USDT-SWAP
BingX BCH-USDC
ApeX Omni BCHUSDT
Lighter BCH
BloFin BCH-USDT
Nado BCH-PERP
Hyperliquid BCH
Aster BCHUSDT
KuCoin BCHUSDTM
edgeX BCHUSDC
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]