Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0892%/8h= +97.7% APRpaid last 24h +0.009%

Price spread now: Pacifica against SunX+0.168%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$930.927% of the position

Long on SunX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

Price spread, last 3 days (all we have)−0.130%−$13 · spread now +0.168%, 7d avg +0.046%

Together, before fees−0.269%+ Points / potential airdropPacifica: Active · farm board−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Pacifica is 0.122% dearer against SunX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.046%. Mind the row above: over the last 7 days funding on this pair cost −0.139%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.139% in total (about -7.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BCH-USDT	265.46	−0.0852	get 0.0852% / 8h	6h 24m	$1K	$1.8M	30x
Short	Pacifica BCH	265.91	0.0040	get 0.0005% / 1h	24m 12s	$162K	$404K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against SunX. 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 SunXbpFee PacificabpOrdersPrice spread, now +0.168%Rate

Funding earned: $187.37
Price spread: +0.168% → +0.046%: $12.2
Slippage, 4 orders: −$76.67
Fee SunX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $106.89
Costs to cover: 0.927%
Break-even: 3.0 days

Slippage from SunX: live order book, 12 min ago; Pacifica: live order book, 44 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 SunX live order book, 12 min ago	19.68 bp	40.4 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 44 min ago	4.27 bp	11.4 bp −$11	doesn't fit	doesn't fit	doesn't fit

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-USDTlong	−0.0852%	8h	265.46	long leg	$1K	$1.8M	30x
Deribit BCH_USDC-PERPETUAL	−0.0596%	1h	265.72	+0.096%	$449K	$255K	25x	as long as short
SoDEX BCH-USD	−0.0530%	1h	265.60	+0.053%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0469%	8h	265.43	−0.011%	$4.9M	$6.6M	50x	as long as short
HTX BCH-USDT	−0.0313%	8h	265.56	+0.038%	$778K	$1.6M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0299%	1h	265.88	+0.160%	$852K	$3.1M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0183%	8h	265.53	+0.025%	$387K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0175%	1h	265.37	−0.034%	$97K	$227K	50x	as long as short
Variational Omni BCH	−0.0117%	8h	266.11	+0.243%	$82K	$253K	—	as long as short
Gate BCH_USDT	−0.0114%	8h	265.75	+0.109%	$8.4M	$13.5M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTX	−0.0112%	1h	265.88	+0.158%	$232K	$2.0M	50x	as long as short
Binance BCHUSDT	−0.0096%	8h	265.77	+0.117%	$71.9M	$229.8M	75x	as long as short
Extended BCH-USD	−0.0096%	1h	265.53	+0.027%	$112K	$962K	25x	as long as short
MEXC BCH_USDT	−0.0095%	8h	266.08	+0.234%	$70.2M	$7.0M	200x	as long as short
Bybit BCHUSDT	−0.0065%	8h	265.80	+0.128%	$39.2M	$33.0M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0047%	8h	265.80	+0.128%	$25.3M	$78.3M	50x	as long as short
Bitget BCHUSDT	−0.0041%	8h	265.81	+0.132%	$19.1M	$29.2M	75x	as long as short
Nado BCH-PERP	−0.0035%	1h	265.60	+0.053%	$421K	$380K	10x	as long as short
BingX BCH-USDT	−0.0031%	8h	265.72	+0.098%	—	$32.3M	—	as long as short
dYdX BCH-USD	0.0000%	1h	266.25	+0.299%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.22	+0.286%	$1.1M	$10.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.86	+0.151%	$4K	—	150x	as long as short
KuCoin BCHUSDTM	+0.0029%	8h	265.86	+0.151%	$8.6M	$7.5M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0033%	8h	265.62	+0.060%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.786%	$721	$130K	12x	as long as short
Pacifica BCHshort	+0.0040%	1h	265.91	+0.168%	$162K	$404K	10x
Lighter BCH	+0.0096%	1h	265.73	+0.100%	$366K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.79	+0.124%	$5.7M	$5.0M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.70	+0.089%	$168K	$697K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.36	−0.038%	$19K	$291K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.86	+0.151%	$25K	—	100x	as long as short