Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h +0.012%

Price spread now: Binance against Coinbase International−0.250%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$440.443% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.408%+$41 · spread now −0.250%, 7d avg −0.033%

Together, before fees+0.389%+$39 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.218% cheaper against Coinbase International than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BCH-PERP-INTX	263.60	−0.0064	get 0.0008% / 1h	2m 20s	$219K	$1.8M	50x
Short	Binance BCHUSDT	262.94	−0.0065	pay 0.0065% / 8h	3h 02m	$71.4M	$216.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now −0.250%Rate

Funding earned: −$0.22
Price spread: −0.250% → −0.033%: −$21.78
Slippage, 4 orders: −$24.3
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$66.3
Costs to cover: 0.443%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; Binance: live order book, 11 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 Coinbase International live order book, 1 min ago	4.93 bp	13.1 bp −$13	17.6 bp −$176	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.19 bp	9.0 bp −$9	15.7 bp −$157	45.4 bp −$4,544	125.1 bp −$62.5K

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	−0.0279%	1h	262.96	−0.243%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0234%	8h	263.06	−0.205%	$767K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0198%	8h	263.10	−0.190%	$4.9M	$6.4M	50x	as long as short
Nado BCH-PERP	−0.0183%	1h	263.15	−0.171%	$427K	$347K	10x	as long as short
SunX BCH-USDT	−0.0142%	8h	262.88	−0.273%	$2K	$1.7M	30x	as long as short
KuCoin BCHUSDTM	−0.0106%	8h	263.09	−0.193%	$8.4M	$6.8M	75x	as long as short
Bitget BCHUSDT	−0.0100%	8h	262.86	−0.281%	$18.8M	$28.3M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0084%	8h	262.90	−0.266%	$25.0M	$75.9M	50x	as long as short
Binance BCHUSDTshort	−0.0065%	8h	262.94	−0.250%	$71.4M	$216.2M	75x
Extended BCH-USD	−0.0064%	1h	262.79	−0.308%	$113K	$1.1M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTXlong	−0.0064%	1h	263.60	long leg	$219K	$1.8M	50x
MEXC BCH_USDT	−0.0063%	8h	263.45	−0.057%	$69.7M	$7.9M	200x	as long as short
Variational Omni BCH	−0.0063%	8h	263.90	+0.115%	$81K	$196K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0052%	1h	263.13	−0.180%	$844K	$3.0M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0042%	8h	263.89	+0.109%	$385K	$17K	10x	as long as short
Gate BCH_USDT	−0.0031%	8h	263.19	−0.156%	$8.3M	$13.7M	75x	as long as short
Bybit BCHUSDT	−0.0009%	8h	262.84	−0.288%	$38.7M	$31.3M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	263.14	−0.174%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.41	−0.072%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	263.40	−0.076%	$987K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	263.10	−0.190%	$440K	$331K	25x	as long as short
BingX BCH-USDT	+0.0003%	8h	263.12	−0.182%	—	$32.9M	—	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.504%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	263.02	−0.220%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0056%	8h	263.30	−0.114%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0075%	8h	263.22	−0.146%	$152K	$549K	75x	as long as short
Lighter BCH	+0.0096%	1h	263.00	−0.227%	$353K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.24	−0.137%	$5.6M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	263.11	−0.184%	$158K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.87	+0.101%	$18K	$331K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.10	+0.190%	$96K	$234K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	263.09	−0.193%	$12K	—	100x	as long as short