Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.030%

Price spread now: edgeX against Coinbase International−0.549%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

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

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 4 days (all we have)+0.813%+$81 · spread now −0.549%, 7d avg −0.062%

Together, before fees+0.959%+ Points / potential airdropedgeX: Active · farm board+$96 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.487% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.549% now, against its 7-day average of −0.062%). If the spread goes back, that is −$49 on $10k: about 5 months of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.146% in total) that is about 23 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BCH-PERP-INTX	268.36	0.0088	pay 0.0011% / 1h	33m 31s	$304K	$2.1M	50x
Short	edgeX BCHUSDC	266.89	0.0100	get 0.0050% / 4h	3h 33m	$19K	$345K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.549%Rate

Funding earned: $2.52
Price spread: −0.549% → −0.062%: −$48.7
Slippage, 4 orders: −$30.4
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$95.58
Costs to cover: 0.494%
Break-even: 272.5 days

Slippage from Coinbase International: live order book, 5 min ago; edgeX: live order book, 65 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	5.23 bp	11.6 bp −$12	16.2 bp −$162	doesn't fit	doesn't fit
Sell edgeX live order book, 65 min ago	7.37 bp	11.9 bp −$12	15.0 bp −$150	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	−0.0367%	1h	266.94	−0.529%	$2K	$8K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0180%	8h	266.85	−0.561%	$389K	$17K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0158%	1h	267.20	−0.432%	$871K	$2.7M	50x	as long as short
Phemex BCHUSDT	−0.0134%	8h	266.85	−0.563%	$4.9M	$6.5M	50x	as long as short
Variational Omni BCH	−0.0129%	8h	266.91	−0.542%	$149K	$262K	—	as long as short
OKX BCH-USDT-SWAP	−0.0097%	8h	266.00	−0.879%	$25.2M	$78.1M	50x	as long as short
KuCoin BCHUSDTM	−0.0074%	8h	266.26	−0.783%	$8.5M	$6.2M	75x	as long as short
Bitget BCHUSDT	−0.0071%	8h	266.05	−0.861%	$19.2M	$27.2M	75x	as long as short
Extended BCH-USD	−0.0056%	1h	266.03	−0.869%	$119K	$912K	25x	as long as short
Binance BCHUSDT	−0.0054%	8h	266.11	−0.838%	$73.5M	$216.1M	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	−0.0053%	8h	266.73	−0.607%	$71.5M	$9.3M	200x	as long as short
Gate BCH_USDT	−0.0044%	8h	266.35	−0.749%	$8.3M	$12.9M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	267.08	−0.476%	$15K	—	150x	as long as short
Pacifica BCH	−0.0002%	1h	266.26	−0.783%	$155K	$296K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	266.50	−0.693%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.19	−0.436%	$1.0M	$9.1M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	267.35	−0.377%	$420K	$359K	25x	as long as short
Aster BCHUSDT	+0.0007%	8h	266.48	−0.699%	$143K	$574K	75x	as long as short
Bybit BCHUSDT	+0.0031%	8h	266.14	−0.827%	$39.4M	$32.2M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.686%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0044%	8h	267.16	−0.447%	$2K	—	10x	as long as short
BloFin BCH-USDT	+0.0067%	8h	266.84	−0.566%	$3.5M	$5.1M	50x	as long as short
Coinbase International BCH-PERP-INTXlong	+0.0088%	1h	268.36	long leg	$304K	$2.1M	50x
Lighter BCH	+0.0096%	1h	266.42	−0.723%	$375K	$495K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	266.22	−0.798%	$427K	$352K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.45	−0.712%	$5.8M	$4.7M	10x	as long as short
BingX BCH-USDT	+0.0100%	8h	266.29	−0.771%	—	$15.2M	—	as long as short
edgeX BCHUSDCshort	+0.0100%	4h	266.89	−0.549%	$19K	$345K	20x
ApeX Omni BCHUSDT	+0.0100%	1h	267.84	−0.194%	$97K	$241K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.60	−0.656%	$2K	$1.6M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	266.97	−0.518%	$778K	$1.4M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	267.04	−0.492%	$12K	—	100x	as long as short