Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0051%/8h= +5.5% APRpaid last 24h +0.011%

Price spread now: Orderly against Coinbase International−0.301%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.301% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.301% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$30 on $10k: about 20 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BCH-PERP-INTX	268.88	−0.0024	get 0.0003% / 1h	6m 31s	$242K	$2.1M	50x
Short	Orderly PERP_BCH_USDC	268.07	0.0027	get 0.0027% / 8h	2h 06m	$2K	$176	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.301%Rate

Funding earned: $10.62
Price spread: −0.301% → 0.000%: −$30.12
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$35.5
Costs to cover: 0.160%
Break-even: 30.4 days

Slippage unknown: Coinbase International: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.

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, 2 min ago	4.28 bp	13.2 bp −$13	17.8 bp −$178	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit BCH_USDC-PERPETUAL	−0.0607%	1h	268.13	−0.280%	$439K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	268.50	−0.141%	$716	$110K	12x	as long as short
Phemex BCHUSDT	−0.0184%	8h	268.09	−0.294%	$4.9M	$6.3M	50x	as long as short
SoDEX BCH-USD	−0.0151%	1h	267.97	−0.338%	$2K	$6K	10x	as long as short
Extended BCH-USD	−0.0096%	1h	267.81	−0.397%	$115K	$653K	25x	as long as short
Binance BCHUSDT	−0.0093%	8h	267.82	−0.395%	$73.8M	$229.4M	75x	as long as short
MEXC BCH_USDT	−0.0092%	8h	268.50	−0.141%	$71.1M	$6.4M	200x	as long as short
Variational Omni BCH	−0.0070%	8h	268.14	−0.274%	$85K	$291K	—	as long as short
Bitget BCHUSDT	−0.0035%	8h	267.84	−0.387%	$19.9M	$29.0M	75x	as long as short
Coinbase International BCH-PERP-INTXlong	−0.0024%	1h	268.88	long leg	$242K	$2.1M	50x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0023%	8h	267.99	−0.331%	$8.4M	$14.5M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0016%	8h	268.59	−0.109%	$391K	$17K	10x	as long as short
Bybit BCHUSDT	−0.0002%	8h	267.80	−0.402%	$39.3M	$32.1M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	268.24	−0.239%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.46	−0.156%	$1.1M	$11.3M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.37	−0.192%	$4K	—	150x	as long as short
BingX BCH-USDT	+0.0026%	8h	267.96	−0.342%	—	$32.0M	—	as long as short
Orderly PERP_BCH_USDCshort	+0.0027%	8h	268.07	−0.301%	$2K	$176	10x
BloFin BCH-USDT	+0.0027%	8h	268.19	−0.257%	$4.0M	$4.1M	50x	as long as short
OKX BCH-USDT-SWAP	+0.0029%	8h	267.80	−0.402%	$26.2M	$76.0M	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	268.31	−0.214%	$804K	$3.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	268.04	−0.312%	$376K	$581K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	268.15	−0.270%	$439K	$425K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.33	−0.206%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.17	−0.264%	$236K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.96	−0.342%	$169K	$455K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.13	−0.279%	$8.9M	$7.9M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.56	−0.118%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.79	−0.033%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.19	−0.257%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.97	−0.338%	$772K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0373% / S −0.0574%	1h	268.34	−0.201%	$26K	—	100x	as long as short