Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0081%/8h= +8.9% APRpaid last 24h +0.020%

Price spread now: BingX against Coinbase International−0.439%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$390.394% of the position

Long on Coinbase International Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 4 days (all we have)+0.580%+$58 · spread now −0.439%, 7d avg −0.027%

Together, before fees+0.664%+$66 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.412% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.439% now, against its 7-day average of −0.027%). If the spread goes back, that is −$41 on $10k: about 17 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.084% in total) that is about 34 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BCH-PERP-INTX	266.30	−0.0064	get 0.0008% / 1h	28m 44s	$219K	$1.8M	50x
Short	BingX BCH-USDT	265.13	0.0017	get 0.0017% / 8h	3h 28m	—	$32.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Coinbase International. 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 Coinbase InternationalbpFee BingXbpOrdersPrice spread, now −0.439%Rate

Funding earned: $17.01
Price spread: −0.439% → −0.027%: −$41.24
Slippage, 4 orders: −$19.4
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$63.63
Costs to cover: 0.394%
Break-even: 33.2 days

Slippage from Coinbase International: live order book, 5 min ago; BingX: live order book, 10 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 Coinbase International live order book, 5 min ago	5.65 bp	15.2 bp −$15	20.7 bp −$207	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	0.56 bp	5.6 bp −$6	6.0 bp −$60	11.5 bp −$1,153	21.4 bp −$10.7K

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	−0.0260%	8h	265.05	−0.469%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0223%	8h	265.21	−0.409%	$774K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0222%	1h	265.17	−0.424%	$2K	$8K	10x	as long as short
Nado BCH-PERP	−0.0188%	1h	265.25	−0.395%	$430K	$346K	10x	as long as short
SunX BCH-USDT	−0.0175%	8h	265.11	−0.447%	$2K	$1.7M	30x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0097%	1h	265.19	−0.417%	$443K	$332K	25x	as long as short
KuCoin BCHUSDTM	−0.0088%	8h	265.09	−0.454%	$8.5M	$6.9M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0086%	8h	265.00	−0.488%	$25.1M	$76.3M	50x	as long as short
Bitget BCHUSDT	−0.0078%	8h	265.00	−0.488%	$18.9M	$28.3M	75x	as long as short
Binance BCHUSDT	−0.0068%	8h	265.06	−0.466%	$71.9M	$215.7M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0067%	8h	265.63	−0.252%	$70.3M	$7.9M	200x	as long as short
Extended BCH-USD	−0.0064%	1h	264.88	−0.533%	$113K	$956K	25x	as long as short
Coinbase International BCH-PERP-INTXlong	−0.0064%	1h	266.30	long leg	$219K	$1.8M	50x
Variational Omni BCH	−0.0060%	8h	265.90	−0.149%	$81K	$196K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0051%	1h	265.34	−0.360%	$851K	$3.0M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0038%	8h	265.85	−0.169%	$388K	$17K	10x	as long as short
Gate BCH_USDT	−0.0030%	8h	265.08	−0.458%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.42	−0.329%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.28	−0.384%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.56	−0.278%	$997K	$10.4M	2.7x	as long as short
BingX BCH-USDTshort	+0.0017%	8h	265.13	−0.439%	—	$32.9M	—
Bybit BCHUSDT	+0.0022%	8h	265.02	−0.481%	$39.0M	$31.2M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.465%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	265.08	−0.458%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0052%	8h	265.35	−0.357%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0086%	8h	265.31	−0.371%	$150K	$546K	75x	as long as short
Lighter BCH	+0.0096%	1h	265.13	−0.439%	$359K	$492K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.41	−0.334%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	265.16	−0.427%	$159K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.52	−0.293%	$18K	$323K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.77	−0.199%	$97K	$234K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0359% / S −0.0530%	1h	265.36	−0.352%	$25K	—	100x	as long as short