Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0419%/8h= −45.9% APRpaid last 24h −0.032%

Price spread now: Phemex against Pacifica+0.001%7-day average −0.012% · 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−$400.404% of the position

Long on Pacifica Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 4 days (all we have)−0.244%−$24 · spread now +0.001%, 7d avg −0.012%

Together, before fees−0.266%+ Points / potential airdropPacifica: Active · farm board−$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.022% in total (about -1.2% 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	264.86	0.0077	pay 0.0010% / 1h	53m 24s	$161K	$321K	10x
Short	Phemex BCHUSDT	264.86	−0.0343	pay 0.0343% / 8h	4h 53m	$4.9M	$6.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$88.04
Price spread: +0.001% → −0.012%: $1.31
Slippage, 4 orders: −$20.38
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$127.11
Costs to cover: 0.404%
Break-even: never at this rate

Slippage from Pacifica: live order book, 5 min ago; Phemex: 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, 5 min ago	0.19 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	2.27 bp	11.0 bp −$11	20.1 bp −$201	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
SunX BCH-USDT	−0.0866%	8h	264.65	−0.078%	$2K	$1.7M	30x	as long as short
ApeX Omni BCHUSDT	−0.0625%	1h	264.10	−0.286%	$96K	$228K	50x	as long as short
HTX BCH-USDT	−0.0349%	8h	264.96	+0.039%	$773K	$1.4M	75x	as long as short
Phemex BCHUSDTshort	−0.0343%	8h	264.86	+0.001%	$4.9M	$6.4M	50x
SoDEX BCH-USD	−0.0325%	1h	264.86	+0.001%	$2K	$8K	10x	as long as short
Nado BCH-PERP	−0.0205%	1h	264.75	−0.040%	$421K	$338K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0127%	1h	264.98	+0.045%	$443K	$331K	25x	as long as short
GRVT BCH_USDT_Perp	−0.0122%	8h	264.00	−0.324%	$385K	$17K	10x	as long as short
Extended BCH-USD	−0.0104%	1h	264.58	−0.104%	$112K	$952K	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	265.07	+0.081%	$221K	$1.8M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0104%	8h	264.90	+0.016%	$72.1M	$213.4M	75x	as long as short
MEXC BCH_USDT	−0.0103%	8h	265.35	+0.186%	$69.9M	$7.2M	200x	as long as short
Gate BCH_USDT	−0.0092%	8h	264.85	−0.002%	$8.3M	$13.3M	75x	as long as short
Variational Omni BCH	−0.0092%	8h	265.11	+0.094%	$81K	$201K	—	as long as short
OKX BCH-USDT-SWAP	−0.0084%	8h	265.00	+0.054%	$25.0M	$74.2M	50x	as long as short
KuCoin BCHUSDTM	−0.0078%	8h	265.10	+0.092%	$8.5M	$7.1M	75x	as long as short
Bitget BCHUSDT	−0.0073%	8h	264.86	+0.001%	$19.0M	$28.1M	75x	as long as short
BingX BCH-USDC	−0.0039%	8h	264.87	+0.005%	—	$6.5M	—	as long as short
Bybit BCHUSDT	−0.0028%	8h	264.81	−0.018%	$39.1M	$30.9M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.13	+0.104%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.05	+0.075%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.27	+0.156%	$1.1M	$10.2M	2.7x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	265.10	+0.090%	$849K	$3.0M	50x	as long as short
BloFin BCH-USDT	+0.0016%	8h	265.03	+0.065%	$4.0M	$4.2M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.017%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0034%	8h	264.79	−0.025%	$2K	$176	10x	as long as short
Pacifica BCHlong	+0.0077%	1h	264.86	long leg	$161K	$321K	10x
Lighter BCH	+0.0096%	1h	264.86	+0.003%	$362K	$482K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.18	+0.122%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.07	+0.081%	$167K	$519K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.77	−0.031%	$19K	$290K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0356% / S −0.0525%	1h	264.98	+0.047%	$25K	—	100x	as long as short