Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h −0.022%

Price spread now: Coinbase International against BingX+0.008%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$560.560% of the position

Long on BingX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.008%, 7d avg +0.026%

Together, before fees−0.195%−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BCH-USDC	264.87	−0.0024	get 0.0024% / 8h	2h 14m	—	$6.5M	—
Short	Coinbase International BCH-PERP-INTX	264.89	−0.0040	pay 0.0005% / 1h	14m 47s	$217K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BingX. 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 BingXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$3.36
Price spread: +0.008% → +0.026%: −$1.87
Slippage, 4 orders: −$35.97
Fee BingX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$61.21
Costs to cover: 0.560%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Coinbase International: 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 BingX live order book, 6 min ago	1.33 bp	14.5 bp −$15	31.1 bp −$311	107.4 bp −$10.7K	440.8 bp −$220.4K
Sell Coinbase International live order book, 4 min ago	5.10 bp	14.2 bp −$14	17.9 bp −$179	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	−0.0214%	1h	264.54	−0.125%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0213%	8h	264.42	−0.170%	$772K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0180%	8h	264.53	−0.128%	$4.9M	$6.6M	50x	as long as short
Bitget BCHUSDT	−0.0100%	8h	264.89	+0.008%	$18.9M	$28.4M	75x	as long as short
KuCoin BCHUSDTM	−0.0088%	8h	264.99	+0.045%	$8.5M	$6.8M	75x	as long as short
Variational Omni BCH	−0.0070%	8h	264.21	−0.251%	$81K	$196K	—	as long as short
OKX BCH-USDT-SWAP	−0.0067%	8h	264.80	−0.026%	$25.2M	$77.9M	50x	as long as short
SunX BCH-USDT	−0.0059%	8h	264.42	−0.170%	$1K	$1.7M	30x	as long as short
Extended BCH-USD	−0.0048%	1h	264.51	−0.137%	$115K	$1.1M	25x	as long as short
Binance BCHUSDT	−0.0044%	8h	264.80	−0.026%	$73.0M	$220.3M	75x	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	−0.0044%	8h	265.08	+0.079%	$70.6M	$8.4M	200x	as long as short
Nado BCH-PERP	−0.0044%	1h	264.50	−0.139%	$433K	$354K	10x	as long as short
Coinbase International BCH-PERP-INTXshort	−0.0040%	1h	264.89	+0.008%	$217K	$1.9M	50x
BingX BCH-USDClong	−0.0024%	8h	264.87	long leg	—	$6.5M	—
Bybit BCHUSDT	−0.0021%	8h	264.80	−0.026%	$38.9M	$31.7M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0013%	8h	264.61	−0.097%	$386K	$17K	10x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.63	−0.089%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.95	+0.032%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.84	−0.011%	$983K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.70	−0.065%	$441K	$333K	25x	as long as short
Gate BCH_USDT	+0.0030%	8h	264.71	−0.060%	$8.3M	$13.9M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.012%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.53	−0.128%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0067%	8h	264.77	−0.039%	$153K	$556K	75x	as long as short
BloFin BCH-USDT	+0.0076%	8h	264.45	−0.159%	$3.9M	$4.5M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.81	−0.022%	$353K	$497K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.93	+0.023%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	264.82	−0.018%	$159K	$309K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.33	−0.202%	$18K	$349K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.57	−0.113%	$95K	$237K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0180%	1h	264.74	−0.049%	$848K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.68	−0.073%	$12K	—	100x	as long as short