Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0150%/8h= −16.5% APRpaid last 24h −0.015%

Price spread now: MEXC against Pacifica+0.108%7-day average +0.167% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$330.335% of the position

Long on Pacifica Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.108%, 7d avg +0.167%

Together, before fees−0.056%+ Points / potential airdropPacifica: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and MEXC is 0.059% cheaper against Pacifica than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.167%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BCH	265.06	0.0040	pay 0.0005% / 1h	0m 28s	$161K	$379K	10x
Short	MEXC BCH_USDT	265.35	−0.0110	pay 0.0110% / 8h	6h 00m	$70.0M	$7.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Pacifica. 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 PacificabpFee MEXCbpOrdersPrice spread, now +0.108%Rate

Funding earned: −$31.6
Price spread: +0.108% → +0.167%: −$5.93
Slippage, 4 orders: −$21.45
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$70.99
Costs to cover: 0.335%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; MEXC: live order book, 4 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 Pacifica live order book, 3 min ago	3.96 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	4.14 bp	6.6 bp −$7	11.7 bp −$117	41.6 bp −$4,158	95.9 bp −$47.9K

BCH on 31 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
SunX BCH-USDT	−0.1606%	8h	264.96	−0.039%	$1K	$1.7M	30x	as long as short
SoDEX BCH-USD	−0.0514%	1h	265.07	+0.002%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0465%	8h	265.15	+0.033%	$776K	$1.5M	75x	as long as short
Phemex BCHUSDT	−0.0449%	8h	265.04	−0.009%	$4.9M	$6.6M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0300%	1h	265.34	+0.105%	$851K	$3.0M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0293%	1h	265.17	+0.041%	$448K	$254K	25x	as long as short
GRVT BCH_USDT_Perp	−0.0194%	8h	265.15	+0.034%	$387K	$17K	10x	as long as short
Gate BCH_USDT	−0.0119%	8h	265.09	+0.010%	$8.4M	$13.6M	75x	as long as short
Extended BCH-USD	−0.0112%	1h	264.81	−0.095%	$112K	$953K	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0112%	1h	265.20	+0.051%	$231K	$1.8M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0110%	8h	264.92	−0.055%	$71.7M	$216.4M	75x	as long as short
MEXC BCH_USDTshort	−0.0110%	8h	265.35	+0.108%	$70.0M	$7.1M	200x
ApeX Omni BCHUSDT	−0.0110%	1h	265.16	+0.036%	$97K	$226K	50x	as long as short
Variational Omni BCH	−0.0109%	8h	265.00	−0.023%	$81K	$201K	—	as long as short
Nado BCH-PERP	−0.0088%	1h	264.85	−0.081%	$419K	$346K	10x	as long as short
OKX BCH-USDT-SWAP	−0.0066%	8h	264.90	−0.062%	$25.3M	$74.2M	50x	as long as short
Bybit BCHUSDT	−0.0056%	8h	264.97	−0.035%	$39.2M	$31.5M	75x	as long as short
Bitget BCHUSDT	−0.0050%	8h	265.04	−0.009%	$19.0M	$28.4M	75x	as long as short
BingX BCH-USDT	−0.0040%	8h	265.09	+0.010%	—	$32.2M	—	as long as short
KuCoin BCHUSDTM	−0.0011%	8h	265.12	+0.021%	$8.6M	$7.3M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	265.40	+0.125%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.34	+0.104%	$1.1M	$10.2M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.29	+0.085%	$4K	—	150x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.938%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0035%	8h	265.03	−0.013%	$2K	$176	10x	as long as short
Pacifica BCHlong	+0.0040%	1h	265.06	long leg	$161K	$379K	10x
Lighter BCH	+0.0096%	1h	265.07	+0.004%	$365K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.28	+0.082%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.14	+0.029%	$168K	$697K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.13	+0.024%	$19K	$292K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.26	+0.074%	$25K	—	100x	as long as short