Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0084%/8h= −9.1% APRpaid last 24h +0.037%

Price spread now: BloFin against Coinbase International−0.189%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$510.507% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.228%+$23 on $10k

Price spread, last 4 days (all we have)+0.280%+$28 · spread now −0.189%, 7d avg −0.044%

Together, before fees+0.508%+$51 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BloFin is 0.146% cheaper against Coinbase International than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.044%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.228%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BCH-PERP-INTX	269.24	0.0144	pay 0.0018% / 1h	58m 58s	$346K	$2.1M	50x
Short	BloFin BCH-USDT	268.73	0.0060	get 0.0060% / 8h	6h 58m	$3.5M	$5.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.189%Rate

Funding earned: −$17.55
Price spread: −0.189% → −0.044%: −$14.55
Slippage, 4 orders: −$28.72
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$82.81
Costs to cover: 0.507%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; BloFin: live order book, 5 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, 5 min ago	5.00 bp	14.5 bp −$15	22.0 bp −$220	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	5.93 bp	12.3 bp −$12	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
Phemex BCHUSDT	−0.0285%	8h	268.85	−0.145%	$5.0M	$6.5M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0222%	1h	268.75	−0.181%	$422K	$356K	25x	as long as short
Variational Omni BCH	−0.0119%	8h	270.00	+0.282%	$147K	$259K	—	as long as short
SoDEX BCH-USD	−0.0114%	1h	268.82	−0.156%	$2K	$8K	10x	as long as short
OKX BCH-USDT-SWAP	−0.0107%	8h	268.90	−0.126%	$25.5M	$76.4M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0097%	8h	270.39	+0.429%	$394K	$17K	10x	as long as short
Binance BCHUSDT	−0.0060%	8h	269.06	−0.067%	$74.0M	$206.2M	75x	as long as short
MEXC BCH_USDT	−0.0059%	8h	269.60	+0.134%	$72.8M	$9.3M	200x	as long as short
Extended BCH-USD	−0.0056%	1h	268.92	−0.119%	$121K	$921K	25x	as long as short
Bitget BCHUSDT	−0.0056%	8h	269.05	−0.071%	$19.3M	$27.2M	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	−0.0047%	8h	269.02	−0.082%	$8.5M	$5.9M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	270.16	+0.342%	$15K	—	150x	as long as short
Pacifica BCH	−0.0002%	1h	269.65	+0.151%	$157K	$278K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	269.30	+0.021%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.56	+0.119%	$1.0M	$8.7M	2.7x	as long as short
BingX BCH-USDT	+0.0004%	8h	269.07	−0.063%	—	$14.6M	—	as long as short
Aster BCHUSDT	+0.0022%	8h	269.33	+0.032%	$149K	$556K	75x	as long as short
Gate BCH_USDT	+0.0027%	8h	269.10	−0.052%	$8.3M	$12.4M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.357%	$721	$130K	12x	as long as short
Bybit BCHUSDT	+0.0037%	8h	269.01	−0.085%	$39.8M	$31.4M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0044%	8h	268.67	−0.212%	$2K	$540	10x	as long as short
BloFin BCH-USDTshort	+0.0060%	8h	268.73	−0.189%	$3.5M	$5.2M	50x
Lighter BCH	+0.0096%	1h	269.13	−0.040%	$393K	$466K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	269.13	−0.040%	$458K	$378K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.41	+0.063%	$5.9M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	270.12	+0.327%	$19K	$346K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	270.49	+0.464%	$98K	$243K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	269.65	+0.152%	$1K	$1.5M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	269.08	−0.059%	$781K	$1.3M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0104%	1h	268.92	−0.120%	$881K	$2.7M	50x	as long as short
Coinbase International BCH-PERP-INTXlong	+0.0144%	1h	269.24	long leg	$346K	$2.1M	50x
GMX BCH/USD [WBTC.b-USDC]	L +0.0210% / S −0.0163%	1h	270.39	+0.426%	$13K	—	100x	as long as short