Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.011%

Price spread now: Coinbase International against SunX+0.103%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$980.975% of the position

Long on SunX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.125%−$12 on $10k

Price spread, last 3 days (all we have)−0.145%−$14 · spread now +0.103%, 7d avg +0.061%

Together, before fees−0.270%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.042% dearer against SunX than usual: you sell high and buy low (spread +0.103% now, against its 7-day average of +0.061%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BCH-USDT	270.78	0.0100	pay 0.0100% / 8h	1h 54m	$2K	$2.0M	30x
Short	Coinbase International BCH-PERP-INTX	271.06	0.0016	get 0.0002% / 1h	54m 21s	$235K	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SunX. 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 SunXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.103%Rate

Funding earned: −$17.64
Price spread: +0.103% → +0.061%: $4.24
Slippage, 4 orders: −$79.5
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$110.91
Costs to cover: 0.975%
Break-even: never at this rate

Slippage from SunX: live order book, 12 min ago; Coinbase International: live order book, 4 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 SunX live order book, 12 min ago	19.61 bp	39.9 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	4.84 bp	14.3 bp −$14	18.9 bp −$189	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
Phemex BCHUSDT	−0.0224%	8h	270.86	+0.030%	$4.9M	$6.3M	50x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	268.50	−0.842%	$716	$110K	12x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0112%	1h	270.99	+0.077%	$459K	$263K	25x	as long as short
Extended BCH-USD	−0.0080%	1h	270.52	−0.097%	$117K	$653K	25x	as long as short
MEXC BCH_USDT	−0.0080%	8h	271.05	+0.100%	$71.7M	$6.3M	200x	as long as short
Binance BCHUSDT	−0.0077%	8h	270.29	−0.180%	$74.5M	$231.7M	75x	as long as short
Variational Omni BCH	−0.0071%	8h	269.23	−0.573%	$86K	$291K	—	as long as short
Bitget BCHUSDT	−0.0024%	8h	270.31	−0.174%	$20.1M	$29.0M	75x	as long as short
Gate BCH_USDT	−0.0022%	8h	270.39	−0.144%	$8.4M	$14.6M	75x	as long as short
Nado BCH-PERP	−0.0010%	1h	270.45	−0.121%	$444K	$427K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BCH_USDT_Perp	−0.0006%	8h	268.37	−0.889%	$391K	$17K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	270.72	−0.022%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	270.36	−0.155%	$1.2M	$11.4M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	270.46	−0.120%	$4K	—	150x	as long as short
Bybit BCHUSDT	+0.0002%	8h	270.19	−0.218%	$39.7M	$32.5M	75x	as long as short
Coinbase International BCH-PERP-INTXshort	+0.0016%	1h	271.06	+0.103%	$235K	$2.1M	50x
Orderly PERP_BCH_USDC	+0.0026%	8h	270.35	−0.159%	$2K	$176	10x	as long as short
BingX BCH-USDT	+0.0038%	8h	270.37	−0.151%	—	$32.0M	—	as long as short
BloFin BCH-USDT	+0.0040%	8h	270.82	+0.015%	$4.0M	$4.2M	50x	as long as short
OKX BCH-USDT-SWAP	+0.0045%	8h	270.30	−0.177%	$26.2M	$77.3M	50x	as long as short
Lighter BCH	+0.0096%	1h	270.77	−0.003%	$380K	$583K	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	270.65	−0.049%	$221K	$700K	75x	as long as short
Pacifica BCH	+0.0100%	1h	270.75	−0.013%	$171K	$455K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	270.50	−0.103%	$8.9M	$7.9M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.15	−0.973%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.56	−0.820%	$73K	$214K	50x	as long as short
SunX BCH-USDTlong	+0.0100%	8h	270.78	long leg	$2K	$2.0M	30x
SoDEX BCH-USD	+0.0100%	1h	270.92	+0.052%	$2K	$6K	10x	as long as short
HTX BCH-USDT	+0.0100%	8h	271.00	+0.081%	$790K	$1.7M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0112%	1h	271.16	+0.139%	$810K	$3.2M	50x	as long as short
Hyperliquid BCH	+0.0119%	1h	270.71	−0.024%	$6.1M	$4.2M	10x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0341% / S −0.0467%	1h	270.47	−0.115%	$26K	—	100x	as long as short