Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h +0.020%

Price spread now: SunX against Coinbase International−0.118%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$970.967% of the position

Long on Coinbase International Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.138%+$14 on $10k

Price spread, last 4 days (all we have)+0.181%+$18 · spread now −0.118%, 7d avg −0.064%

Together, before fees+0.318%+$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX is 0.054% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.064%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.138%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BCH-PERP-INTX	261.85	−0.0040	get 0.0005% / 1h	28m 07s	$218K	$1.8M	50x
Short	SunX BCH-USDT	261.54	−0.0092	pay 0.0092% / 8h	2h 28m	$2K	$1.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.118%Rate

Funding earned: −$11
Price spread: −0.118% → −0.064%: −$5.44
Slippage, 4 orders: −$78.72
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$113.15
Costs to cover: 0.967%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; SunX: live order book, 7 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, 1 min ago	5.54 bp	13.0 bp −$13	18.4 bp −$184	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	19.68 bp	29.0 bp −$29	doesn't fit	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	−0.0244%	1h	261.64	−0.080%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0231%	8h	261.79	−0.023%	$764K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0162%	8h	261.70	−0.057%	$4.9M	$6.5M	50x	as long as short
Bitget BCHUSDT	−0.0118%	8h	261.71	−0.053%	$18.7M	$28.7M	75x	as long as short
KuCoin BCHUSDTM	−0.0107%	8h	261.69	−0.061%	$8.4M	$6.8M	75x	as long as short
SunX BCH-USDTshort	−0.0092%	8h	261.54	−0.118%	$2K	$1.7M	30x
OKX BCH-USDT-SWAP	−0.0077%	8h	261.60	−0.095%	$24.9M	$76.6M	50x	as long as short
Variational Omni BCH	−0.0076%	8h	262.41	+0.214%	$80K	$196K	—	as long as short
Nado BCH-PERP	−0.0071%	1h	261.79	−0.024%	$427K	$352K	10x	as long as short
Extended BCH-USD	−0.0056%	1h	261.49	−0.136%	$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	−0.0056%	8h	261.79	−0.023%	$72.3M	$219.8M	75x	as long as short
MEXC BCH_USDT	−0.0055%	8h	262.11	+0.099%	$69.1M	$8.2M	200x	as long as short
Coinbase International BCH-PERP-INTXlong	−0.0040%	1h	261.85	long leg	$218K	$1.8M	50x
Bybit BCHUSDT	−0.0036%	8h	261.60	−0.095%	$38.5M	$31.6M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0029%	8h	262.44	+0.226%	$383K	$17K	10x	as long as short
BingX BCH-USDC	−0.0023%	8h	261.75	−0.038%	—	$6.5M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	261.73	−0.046%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	262.01	+0.063%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	262.10	+0.095%	$975K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	261.73	−0.045%	$436K	$333K	25x	as long as short
Gate BCH_USDT	+0.0004%	8h	261.79	−0.023%	$8.3M	$13.8M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+3.189%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	261.55	−0.115%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0063%	8h	261.58	−0.105%	$152K	$555K	75x	as long as short
BloFin BCH-USDT	+0.0065%	8h	262.39	+0.206%	$3.9M	$4.4M	50x	as long as short
Lighter BCH	+0.0096%	1h	261.74	−0.040%	$351K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	261.92	+0.027%	$5.6M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	261.99	+0.053%	$158K	$306K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	262.92	+0.410%	$18K	$331K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	263.08	+0.470%	$96K	$236K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0182%	1h	261.78	−0.028%	$837K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	261.69	−0.062%	$12K	—	100x	as long as short