Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0210%/8h= −23.0% APRpaid last 24h −0.001%

Price spread now: KuCoin against Pacifica+0.126%46s7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$570.573% of the position

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 4 days (all we have)−0.145%−$14 · spread now +0.126%, 7d avg +0.004%

Together, before fees−0.054%+ Points / potential airdropPacifica: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.122% dearer against Pacifica than usual: you sell high and buy low (spread +0.126% now, against its 7-day average of +0.004%): +$12 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 46 hours. Mind the row above: over the last 7 days funding on this pair paid +0.091%, so the current rate has only just turned against you. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.091% in total (about 4.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BCH	264.45	0.0100	pay 0.0013% / 1h	38m 53s	$158K	$312K	10x
Short	KuCoin BCHUSDTM	264.78	−0.0110	pay 0.0110% / 8h	1h 38m	$8.5M	$6.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.126%Rate

Funding earned: −$44.1
Price spread: +0.126% → +0.004%: $12.17
Slippage, 4 orders: −$37.33
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$89.25
Costs to cover: 0.573%
Break-even: never at this rate

Slippage from Pacifica: live order book, 4 min ago; KuCoin: 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, 4 min ago	2.46 bp	11.3 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	1.70 bp	21.3 bp −$21	52.3 bp −$523	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
SoDEX BCH-USD	−0.0440%	1h	264.65	+0.076%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0194%	8h	264.57	+0.046%	$774K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0161%	8h	264.71	+0.099%	$4.9M	$6.6M	50x	as long as short
KuCoin BCHUSDTMshort	−0.0110%	8h	264.78	+0.126%	$8.5M	$6.7M	75x
Kraken Futures PF_BCHUSD	−0.0103%	1h	264.89	+0.165%	$862K	$3.0M	50x	as long as short
Bitget BCHUSDT	−0.0091%	8h	264.56	+0.042%	$18.9M	$28.4M	75x	as long as short
Variational Omni BCH	−0.0082%	8h	264.70	+0.097%	$81K	$196K	—	as long as short
OKX BCH-USDT-SWAP	−0.0081%	8h	264.60	+0.057%	$25.2M	$78.1M	50x	as long as short
Bybit BCHUSDT	−0.0053%	8h	264.52	+0.027%	$38.8M	$31.9M	75x	as long as short
MEXC BCH_USDT	−0.0049%	8h	265.02	+0.216%	$70.7M	$8.7M	200x	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	−0.0048%	1h	264.50	+0.020%	$112K	$1.0M	25x	as long as short
Binance BCHUSDT	−0.0048%	8h	264.61	+0.061%	$72.9M	$221.1M	75x	as long as short
BingX BCH-USDC	−0.0036%	8h	264.64	+0.073%	—	$6.5M	—	as long as short
GRVT BCH_USDT_Perp	−0.0023%	8h	265.05	+0.228%	$386K	$17K	10x	as long as short
Gate BCH_USDT	−0.0013%	8h	264.67	+0.084%	$8.3M	$13.8M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.84	+0.147%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.72	+0.104%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.95	+0.190%	$984K	$10.5M	2.7x	as long as short
Coinbase International BCH-PERP-INTX	+0.0008%	1h	265.10	+0.247%	$224K	$1.9M	50x	as long as short
ApeX Omni BCHUSDT	+0.0015%	1h	265.08	+0.239%	$95K	$237K	50x	as long as short
Nado BCH-PERP	+0.0017%	1h	264.46	+0.004%	$434K	$356K	10x	as long as short
SunX BCH-USDT	+0.0032%	8h	264.52	+0.027%	$2K	$1.7M	30x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.175%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.65	+0.076%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0052%	8h	264.64	+0.072%	$137K	$590K	75x	as long as short
BloFin BCH-USDT	+0.0072%	8h	264.77	+0.122%	$4.0M	$4.5M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.51	+0.023%	$352K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.78	+0.126%	$5.7M	$4.7M	10x	as long as short
Pacifica BCHlong	+0.0100%	1h	264.45	long leg	$158K	$312K	10x
edgeX BCHUSDC	+0.0100%	4h	264.90	+0.172%	$18K	$343K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.87	+0.158%	$12K	—	100x	as long as short
Deribit BCH_USDC-PERPETUAL	+0.3861%	1h	265.98	+0.579%	$443K	$335K	25x	as long as short