Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0171%/8h= −18.7% APRpaid last 24h −0.009%

Price spread now: OKX against Pacifica+0.033%7-day average −0.045% · 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−$31as in the Price arb table

costs, in and out, $10k−$390.388% of the position

Long on Pacifica Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)−0.107%−$11 · spread now +0.033%, 7d avg −0.045%

Together, before fees−0.071%+ Points / potential airdropPacifica: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.077% dearer against Pacifica than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.045%): +$8 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BCH	264.61	0.0077	pay 0.0010% / 1h	22m 09s	$159K	$307K	10x
Short	OKX BCH-USDT-SWAP	264.70	−0.0094	pay 0.0094% / 8h	4h 22m	$25.0M	$74.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$35.83
Price spread: +0.033% → −0.045%: $7.72
Slippage, 4 orders: −$20.82
Fee Pacifica: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$66.93
Costs to cover: 0.388%
Break-even: never at this rate

Slippage from Pacifica: live order book, 36 min ago; OKX: live order book, 2 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, 36 min ago	0.19 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.89 bp	10.1 bp −$10	20.0 bp −$200	95.0 bp −$9,495	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
SunX BCH-USDT	−0.0510%	8h	264.48	−0.051%	$1K	$1.7M	30x	as long as short
Phemex BCHUSDT	−0.0271%	8h	264.68	+0.025%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0256%	8h	264.62	+0.002%	$772K	$1.4M	75x	as long as short
Nado BCH-PERP	−0.0255%	1h	264.57	−0.016%	$431K	$342K	10x	as long as short
SoDEX BCH-USD	−0.0189%	1h	264.71	+0.036%	$2K	$8K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	264.84	+0.085%	$218K	$1.8M	50x	as long as short
OKX BCH-USDT-SWAPshort	−0.0094%	8h	264.70	+0.033%	$25.0M	$74.7M	50x
MEXC BCH_USDT	−0.0089%	8h	265.02	+0.153%	$70.2M	$7.8M	200x	as long as short
KuCoin BCHUSDTM	−0.0089%	8h	264.75	+0.051%	$8.5M	$7.0M	75x	as long as short
Extended BCH-USD	−0.0088%	1h	264.65	+0.015%	$115K	$950K	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	−0.0088%	8h	264.78	+0.063%	$72.0M	$214.2M	75x	as long as short
Variational Omni BCH	−0.0078%	8h	265.10	+0.184%	$81K	$201K	—	as long as short
Gate BCH_USDT	−0.0077%	8h	264.61	−0.002%	$8.3M	$13.6M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0076%	8h	265.47	+0.323%	$387K	$17K	10x	as long as short
Bitget BCHUSDT	−0.0073%	8h	264.57	−0.017%	$19.0M	$28.1M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.70	+0.033%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.75	+0.050%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.90	+0.108%	$1.0M	$10.3M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.84	+0.087%	$443K	$331K	25x	as long as short
BingX BCH-USDC	+0.0008%	8h	264.60	−0.005%	—	$6.5M	—	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	264.96	+0.133%	$849K	$3.0M	50x	as long as short
Bybit BCHUSDT	+0.0012%	8h	264.70	+0.033%	$39.1M	$31.0M	75x	as long as short
BloFin BCH-USDT	+0.0031%	8h	264.76	+0.055%	$3.9M	$4.3M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.111%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0037%	8h	264.69	+0.029%	$2K	$176	10x	as long as short
Pacifica BCHlong	+0.0077%	1h	264.61	long leg	$159K	$307K	10x
Lighter BCH	+0.0096%	1h	264.76	+0.056%	$358K	$488K	10x	as long as short
Aster BCHUSDT	+0.0099%	8h	264.67	+0.021%	$166K	$516K	75x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.81	+0.074%	$5.7M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.13	+0.196%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.32	+0.267%	$97K	$230K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0350% / S −0.0506%	1h	264.61	0.000%	$24K	—	100x	as long as short