Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.013%

Price spread now: Pacifica against Binance−0.007%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.007%, 7d avg +0.019%

Together, before fees+0.082%+ Points / potential airdropPacifica: Active · farm board+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.026% cheaper against Binance than usual: you would sell low and buy high (spread −0.007% now, against its 7-day average of +0.019%). If the spread goes back, that is −$3 on $10k: about 14 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.027% in total) that is about 6.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BCHUSDT	264.54	−0.0044	get 0.0044% / 8h	2h 16m	$72.9M	$220.2M	75x
Short	Pacifica BCH	264.52	0.0100	get 0.0013% / 1h	16m 43s	$158K	$309K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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 BinancebpFee PacificabpOrdersPrice spread, now −0.007%Rate

Funding earned: $30.31
Price spread: −0.007% → +0.019%: −$2.6
Slippage, 4 orders: −$17.8
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$8.08
Costs to cover: 0.358%
Break-even: 8.9 days

Slippage from Binance: live order book, 12 min ago; Pacifica: live order book, 32 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 Binance live order book, 12 min ago	0.19 bp	6.4 bp −$6	13.8 bp −$138	51.1 bp −$5,106	141.5 bp −$70.8K
Sell Pacifica live order book, 32 min ago	2.27 bp	7.7 bp −$8	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
HTX BCH-USDT	−0.0218%	8h	264.14	−0.151%	$771K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0206%	1h	264.40	−0.053%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0180%	8h	264.41	−0.049%	$4.9M	$6.6M	50x	as long as short
Bitget BCHUSDT	−0.0102%	8h	264.48	−0.023%	$18.9M	$28.4M	75x	as long as short
KuCoin BCHUSDTM	−0.0092%	8h	264.56	+0.008%	$8.5M	$6.8M	75x	as long as short
Variational Omni BCH	−0.0076%	8h	263.30	−0.467%	$81K	$196K	—	as long as short
OKX BCH-USDT-SWAP	−0.0068%	8h	264.30	−0.091%	$25.1M	$77.7M	50x	as long as short
SunX BCH-USDT	−0.0066%	8h	264.25	−0.110%	$1K	$1.7M	30x	as long as short
Extended BCH-USD	−0.0048%	1h	264.30	−0.092%	$115K	$1.1M	25x	as long as short
Nado BCH-PERP	−0.0048%	1h	264.46	−0.031%	$433K	$354K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0045%	8h	264.89	+0.132%	$70.6M	$8.4M	200x	as long as short
Binance BCHUSDTlong	−0.0044%	8h	264.54	long leg	$72.9M	$220.2M	75x
Coinbase International BCH-PERP-INTX	−0.0040%	1h	264.80	+0.098%	$217K	$1.9M	50x	as long as short
Bybit BCHUSDT	−0.0026%	8h	264.33	−0.079%	$38.9M	$31.7M	75x	as long as short
BingX BCH-USDC	−0.0023%	8h	264.43	−0.042%	—	$6.5M	—	as long as short
GRVT BCH_USDT_Perp	−0.0013%	8h	264.61	+0.028%	$386K	$17K	10x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.54	−0.002%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.54	+0.001%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.68	+0.053%	$983K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.56	+0.008%	$440K	$333K	25x	as long as short
Gate BCH_USDT	+0.0028%	8h	264.51	−0.011%	$8.3M	$13.9M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.140%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0045%	8h	264.43	−0.042%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0066%	8h	264.47	−0.027%	$153K	$556K	75x	as long as short
BloFin BCH-USDT	+0.0075%	8h	264.28	−0.098%	$3.9M	$4.4M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.53	−0.003%	$353K	$497K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.70	+0.060%	$5.7M	$4.7M	10x	as long as short
Pacifica BCHshort	+0.0100%	1h	264.52	−0.007%	$158K	$309K	10x
edgeX BCHUSDC	+0.0100%	4h	263.56	−0.371%	$18K	$348K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.65	+0.042%	$95K	$237K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0180%	1h	264.59	+0.019%	$845K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.55	+0.003%	$12K	—	100x	as long as short