Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.049%

Price spread now: Coinbase International against BloFin+0.071%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$430.432% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 3 days (all we have)−0.146%−$15 · spread now +0.071%, 7d avg +0.038%

Together, before fees−0.356%−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.033% dearer against BloFin than usual: you sell high and buy low (spread +0.071% now, against its 7-day average of +0.038%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BCH-USDT	267.42	0.0084	pay 0.0084% / 8h	7h 54m	$3.9M	$4.2M	50x
Short	Coinbase International BCH-PERP-INTX	267.61	−0.0056	pay 0.0007% / 1h	54m 46s	$220K	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$29.35
Price spread: +0.071% → +0.038%: $3.32
Slippage, 4 orders: −$21.2
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$69.22
Costs to cover: 0.432%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 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 BloFin live order book, 4 min ago	2.24 bp	8.2 bp −$8	8.2 bp −$82	8.5 bp −$854	doesn't fit
Sell Coinbase International live order book, 4 min ago	4.29 bp	13.0 bp −$13	20.7 bp −$207	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
Deribit BCH_USDC-PERPETUAL	−0.0635%	1h	267.54	+0.046%	$452K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0525%	1h	267.41	−0.004%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0507%	8h	267.51	+0.034%	$4.9M	$6.5M	50x	as long as short
HTX BCH-USDT	−0.0135%	8h	267.88	+0.172%	$774K	$1.7M	75x	as long as short
Variational Omni BCH	−0.0132%	8h	268.01	+0.222%	$82K	$292K	—	as long as short
Gate BCH_USDT	−0.0125%	8h	267.55	+0.049%	$8.4M	$14.0M	75x	as long as short
Coinbase International BCH-PERP-INTXshort	−0.0056%	1h	267.61	+0.071%	$220K	$2.1M	50x
Nado BCH-PERP	−0.0053%	1h	267.57	+0.055%	$440K	$436K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	267.58	+0.060%	$855K	$3.2M	50x	as long as short
Extended BCH-USD	−0.0040%	1h	267.36	−0.021%	$115K	$648K	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	−0.0036%	8h	267.49	+0.026%	$72.9M	$235.7M	75x	as long as short
MEXC BCH_USDT	−0.0034%	8h	267.97	+0.206%	$70.2M	$6.6M	200x	as long as short
dYdX BCH-USD	0.0000%	1h	268.16	+0.278%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.00	+0.217%	$1.1M	$11.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.66	+0.091%	$4K	—	150x	as long as short
Bybit BCHUSDT	+0.0009%	8h	267.46	+0.015%	$39.5M	$33.2M	75x	as long as short
GRVT BCH_USDT_Perp	+0.0013%	8h	267.95	+0.197%	$390K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0016%	8h	267.46	+0.015%	$19.2M	$30.1M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0025%	8h	267.50	+0.030%	$26.0M	$78.6M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	267.35	−0.026%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.040%	$721	$130K	12x	as long as short
BloFin BCH-USDTlong	+0.0084%	8h	267.42	long leg	$3.9M	$4.2M	50x
Lighter BCH	+0.0096%	1h	267.49	+0.024%	$369K	$526K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.85	+0.162%	$6.0M	$4.4M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.60	+0.069%	$175K	$715K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.81	+0.146%	$163K	$430K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	267.55	+0.049%	$9.0M	$7.7M	75x	as long as short
BingX BCH-USDC	+0.0100%	8h	267.52	+0.037%	—	$6.5M	—	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.86	+0.166%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	267.95	+0.198%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.30	−0.045%	$1K	$2.0M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0224%	1h	267.61	+0.072%	$31K	—	100x	as long as short