Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0122%/8h= −13.3% APRpaid last 24h −0.009%

Price spread now: Gate against Pacifica+0.039%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$440.442% of the position

Long on Pacifica Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.039%, 7d avg −0.011%

Together, before fees−0.128%+ Points / potential airdropPacifica: Active · farm board−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.051% dearer against Pacifica than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of −0.011%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BCH	266.60	0.0021	pay 0.0003% / 1h	18m 47s	$162K	$321K	10x
Short	Gate BCH_USDT	266.70	−0.0101	pay 0.0101% / 8h	5h 18m	$8.3M	$13.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.039%Rate

Funding earned: −$25.54
Price spread: +0.039% → −0.011%: $5.07
Slippage, 4 orders: −$21.19
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$64.66
Costs to cover: 0.442%
Break-even: never at this rate

Slippage from Pacifica: live order book, 45 min ago; Gate: live order book, 5 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, 45 min ago	3.96 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.69 bp	12.8 bp −$13	20.5 bp −$205	61.9 bp −$6,190	86.3 bp −$43.2K

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	−0.1324%	8h	266.49	−0.040%	$2K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0454%	8h	266.58	−0.006%	$775K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0429%	8h	266.68	+0.032%	$4.9M	$6.6M	50x	as long as short
SoDEX BCH-USD	−0.0306%	1h	266.62	+0.009%	$2K	$8K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0132%	8h	266.66	+0.025%	$389K	$17K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0128%	1h	266.55	−0.017%	$224K	$1.8M	50x	as long as short
Nado BCH-PERP	−0.0124%	1h	266.60	+0.001%	$424K	$339K	10x	as long as short
Binance BCHUSDT	−0.0105%	8h	266.49	−0.040%	$72.5M	$213.4M	75x	as long as short
MEXC BCH_USDT	−0.0105%	8h	266.90	+0.114%	$70.4M	$7.0M	200x	as long as short
Extended BCH-USD	−0.0104%	1h	266.34	−0.097%	$116K	$953K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDTshort	−0.0101%	8h	266.70	+0.039%	$8.3M	$13.3M	75x
Variational Omni BCH	−0.0099%	8h	266.80	+0.077%	$82K	$201K	—	as long as short
OKX BCH-USDT-SWAP	−0.0066%	8h	266.40	−0.073%	$25.2M	$74.3M	50x	as long as short
KuCoin BCHUSDTM	−0.0066%	8h	266.61	+0.005%	$8.6M	$7.1M	75x	as long as short
Bitget BCHUSDT	−0.0063%	8h	266.36	−0.088%	$19.2M	$28.1M	75x	as long as short
Bybit BCHUSDT	−0.0040%	8h	266.45	−0.055%	$39.3M	$30.8M	75x	as long as short
BingX BCH-USDT	−0.0036%	8h	266.52	−0.028%	—	$32.1M	—	as long as short
Kraken Futures PF_BCHUSD	−0.0031%	1h	266.90	+0.113%	$856K	$3.0M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0009%	1h	266.78	+0.069%	$446K	$331K	25x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	266.83	+0.089%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	266.76	+0.062%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.78	+0.069%	$1.1M	$10.2M	2.7x	as long as short
ApeX Omni BCHUSDT	+0.0008%	1h	266.95	+0.133%	$97K	$227K	50x	as long as short
BloFin BCH-USDT	+0.0015%	8h	266.62	+0.009%	$3.9M	$4.2M	50x	as long as short
Pacifica BCHlong	+0.0021%	1h	266.60	long leg	$162K	$321K	10x
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.352%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0034%	8h	266.62	+0.009%	$2K	$176	10x	as long as short
Lighter BCH	+0.0096%	1h	266.68	+0.032%	$365K	$482K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.87	+0.103%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.68	+0.032%	$169K	$519K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.86	+0.100%	$19K	$290K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0357% / S −0.0525%	1h	266.92	+0.120%	$25K	—	100x	as long as short