Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h −0.006%

Price spread now: Coinbase International against Bybit+0.373%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$490.494% of the position

Long on Bybit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.461%−$46 · spread now +0.373%, 7d avg +0.051%

Together, before fees−0.475%−$47 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.322% dearer against Bybit than usual: you sell high and buy low (spread +0.373% now, against its 7-day average of +0.051%): +$32 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BCHUSDT	263.00	−0.0029	get 0.0029% / 8h	2h 33m	$38.7M	$31.5M	75x
Short	Coinbase International BCH-PERP-INTX	263.98	−0.0040	pay 0.0005% / 1h	33m 06s	$219K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bybit. 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 BybitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.373%Rate

Funding earned: −$2.38
Price spread: +0.373% → +0.051%: $32.16
Slippage, 4 orders: −$28.37
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$19.59
Costs to cover: 0.494%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Coinbase International: live order book, 1 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 Bybit live order book, 1 min ago	1.90 bp	10.1 bp −$10	20.0 bp −$200	74.2 bp −$7,420	doesn't fit
Sell Coinbase International live order book, 1 min ago	6.65 bp	14.5 bp −$14	18.2 bp −$182	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	−0.0250%	1h	262.91	−0.034%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0234%	8h	262.90	−0.038%	$768K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0183%	8h	262.98	−0.008%	$4.9M	$6.5M	50x	as long as short
Bitget BCHUSDT	−0.0114%	8h	262.87	−0.049%	$18.7M	$28.4M	75x	as long as short
KuCoin BCHUSDTM	−0.0103%	8h	262.86	−0.053%	$8.4M	$6.8M	75x	as long as short
SunX BCH-USDT	−0.0099%	8h	262.79	−0.080%	$2K	$1.7M	30x	as long as short
Nado BCH-PERP	−0.0098%	1h	262.95	−0.019%	$429K	$350K	10x	as long as short
OKX BCH-USDT-SWAP	−0.0081%	8h	262.90	−0.038%	$25.0M	$76.5M	50x	as long as short
Variational Omni BCH	−0.0071%	8h	263.91	+0.346%	$81K	$196K	—	as long as short
Extended BCH-USD	−0.0056%	1h	262.79	−0.081%	$111K	$1.1M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0053%	8h	262.97	−0.011%	$72.7M	$219.4M	75x	as long as short
MEXC BCH_USDT	−0.0051%	8h	263.38	+0.144%	$69.6M	$8.0M	200x	as long as short
Coinbase International BCH-PERP-INTXshort	−0.0040%	1h	263.98	+0.373%	$219K	$1.8M	50x
Bybit BCHUSDTlong	−0.0029%	8h	263.00	long leg	$38.7M	$31.5M	75x
GRVT BCH_USDT_Perp	−0.0023%	8h	264.12	+0.426%	$385K	$17K	10x	as long as short
BingX BCH-USDC	−0.0018%	8h	263.08	+0.030%	—	$6.5M	—	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0012%	1h	263.09	+0.034%	$438K	$333K	25x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	263.03	+0.013%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.00	−0.002%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	263.25	+0.095%	$984K	$10.4M	2.7x	as long as short
Gate BCH_USDT	+0.0006%	8h	263.12	+0.046%	$8.3M	$13.7M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.738%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	262.96	−0.015%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0067%	8h	263.01	+0.004%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0068%	8h	263.14	+0.053%	$153K	$557K	75x	as long as short
Lighter BCH	+0.0096%	1h	263.01	+0.005%	$352K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.17	+0.065%	$5.6M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	262.89	−0.040%	$158K	$306K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.62	+0.616%	$18K	$331K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.93	+0.734%	$96K	$235K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0181%	1h	263.12	+0.044%	$841K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	263.07	+0.026%	$12K	—	100x	as long as short