Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0114%/8h= +12.5% APRpaid last 24h +0.018%

Price spread now: BingX against Coinbase International+0.004%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$370.372% of the position

Long on Coinbase International Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now +0.004%, 7d avg −0.028%

Together, before fees+0.209%+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.032% dearer against Coinbase International than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BCH-PERP-INTX	265.77	−0.0064	get 0.0008% / 1h	54m 22s	$221K	$1.8M	50x
Short	BingX BCH-USDT	265.78	0.0050	get 0.0050% / 8h	3h 54m	—	$32.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.004%Rate

Funding earned: $23.94
Price spread: +0.004% → −0.028%: $3.19
Slippage, 4 orders: −$17.22
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$10.09
Costs to cover: 0.372%
Break-even: 10.0 days

Slippage from Coinbase International: live order book, 4 min ago; BingX: live order book, 9 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, 4 min ago	4.53 bp	12.2 bp −$12	16.5 bp −$165	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	0.38 bp	5.4 bp −$5	5.7 bp −$57	11.9 bp −$1,194	21.2 bp −$10.6K

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
SunX BCH-USDT	−0.0316%	8h	265.48	−0.109%	$2K	$1.7M	30x	as long as short
Phemex BCHUSDT	−0.0283%	8h	265.56	−0.079%	$4.9M	$6.4M	50x	as long as short
Nado BCH-PERP	−0.0257%	1h	265.58	−0.071%	$431K	$343K	10x	as long as short
HTX BCH-USDT	−0.0233%	8h	265.93	+0.060%	$776K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0133%	1h	265.39	−0.143%	$2K	$8K	10x	as long as short
OKX BCH-USDT-SWAP	−0.0104%	8h	265.40	−0.139%	$25.5M	$75.9M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0104%	1h	265.51	−0.097%	$444K	$331K	25x	as long as short
Extended BCH-USD	−0.0088%	1h	265.28	−0.185%	$112K	$958K	25x	as long as short
MEXC BCH_USDT	−0.0087%	8h	266.17	+0.151%	$70.6M	$7.8M	200x	as long as short
Binance BCHUSDT	−0.0086%	8h	265.68	−0.035%	$72.1M	$215.1M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BCHUSDTM	−0.0081%	8h	265.91	+0.053%	$8.5M	$7.0M	75x	as long as short
Bitget BCHUSDT	−0.0080%	8h	265.43	−0.128%	$19.0M	$28.2M	75x	as long as short
Variational Omni BCH	−0.0073%	8h	265.10	−0.251%	$81K	$197K	—	as long as short
Coinbase International BCH-PERP-INTXlong	−0.0064%	1h	265.77	long leg	$221K	$1.8M	50x
GRVT BCH_USDT_Perp	−0.0063%	8h	265.01	−0.286%	$386K	$17K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0051%	1h	265.68	−0.034%	$854K	$3.0M	50x	as long as short
Gate BCH_USDT	−0.0041%	8h	265.77	0.000%	$8.3M	$13.5M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.78	+0.005%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.98	+0.078%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.80	+0.011%	$1.0M	$10.3M	2.7x	as long as short
Bybit BCHUSDT	+0.0006%	8h	265.56	−0.079%	$39.2M	$31.1M	75x	as long as short
BloFin BCH-USDT	+0.0033%	8h	266.04	+0.102%	$3.9M	$4.3M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.667%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0041%	8h	265.40	−0.139%	$2K	$176	10x	as long as short
BingX BCH-USDTshort	+0.0050%	8h	265.78	+0.004%	—	$32.9M	—
Aster BCHUSDT	+0.0092%	8h	265.92	+0.055%	$153K	$541K	75x	as long as short
Lighter BCH	+0.0096%	1h	265.38	−0.145%	$358K	$488K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.88	+0.041%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	265.94	+0.064%	$160K	$303K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.05	−0.271%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.26	−0.192%	$97K	$232K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0350% / S −0.0506%	1h	265.70	−0.025%	$24K	—	100x	as long as short