Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0212%/8h= +23.2% APRpaid last 24h +0.022%

Price spread now: edgeX against Coinbase International−0.027%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$510.508% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.139%+$14 on $10k

Price spread, last 3 days (all we have)+0.066%+$7 · spread now −0.027%, 7d avg −0.052%

Together, before fees+0.205%+ Points / potential airdropedgeX: Active · farm board+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and edgeX is 0.024% dearer against Coinbase International than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.052%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.139% in total (about 7.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BCH-PERP-INTX	265.20	−0.0112	get 0.0014% / 1h	1m 40s	$231K	$1.8M	50x
Short	edgeX BCHUSDC	265.13	0.0100	get 0.0050% / 4h	2h 01m	$19K	$292K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.027%Rate

Funding earned: $44.52
Price spread: −0.027% → −0.052%: $2.45
Slippage, 4 orders: −$31.77
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$3.8
Costs to cover: 0.508%
Break-even: 7.6 days

Slippage from Coinbase International: live order book, 2 min ago; edgeX: live order book, 1 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, 2 min ago	5.66 bp	14.1 bp −$14	20.9 bp −$209	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	7.35 bp	11.9 bp −$12	14.5 bp −$145	doesn't fit	doesn't fit

BCH on 31 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	−0.1570%	8h	265.19	−0.004%	$2K	$1.7M	30x	as long as short
SoDEX BCH-USD	−0.0513%	1h	265.17	−0.011%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0470%	8h	265.01	−0.072%	$776K	$1.5M	75x	as long as short
Phemex BCHUSDT	−0.0452%	8h	265.40	+0.075%	$4.9M	$6.6M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0398%	1h	265.32	+0.045%	$448K	$254K	25x	as long as short
Kraken Futures PF_BCHUSD	−0.0299%	1h	265.45	+0.096%	$851K	$3.0M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0194%	8h	265.15	−0.017%	$387K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0137%	1h	264.82	−0.143%	$96K	$226K	50x	as long as short
Gate BCH_USDT	−0.0117%	8h	265.12	−0.030%	$8.4M	$13.6M	75x	as long as short
Variational Omni BCH	−0.0114%	8h	264.50	−0.263%	$81K	$201K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0112%	1h	264.89	−0.116%	$112K	$953K	25x	as long as short
Coinbase International BCH-PERP-INTXlong	−0.0112%	1h	265.20	long leg	$231K	$1.8M	50x
Binance BCHUSDT	−0.0110%	8h	264.98	−0.083%	$71.7M	$216.8M	75x	as long as short
MEXC BCH_USDT	−0.0110%	8h	265.34	+0.053%	$70.0M	$7.1M	200x	as long as short
Nado BCH-PERP	−0.0087%	1h	265.25	+0.019%	$419K	$346K	10x	as long as short
OKX BCH-USDT-SWAP	−0.0062%	8h	264.90	−0.113%	$25.3M	$74.3M	50x	as long as short
Bybit BCHUSDT	−0.0055%	8h	264.98	−0.083%	$39.1M	$31.5M	75x	as long as short
Bitget BCHUSDT	−0.0050%	8h	265.07	−0.049%	$19.0M	$28.4M	75x	as long as short
BingX BCH-USDC	−0.0038%	8h	265.01	−0.072%	—	$6.5M	—	as long as short
KuCoin BCHUSDTM	−0.0011%	8h	265.21	+0.004%	$8.6M	$7.3M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	265.40	+0.074%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.74	+0.204%	$1.1M	$10.2M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.54	+0.127%	$4K	—	150x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.885%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0035%	8h	265.27	+0.026%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0040%	1h	265.06	−0.054%	$161K	$379K	10x	as long as short
Lighter BCH	+0.0096%	1h	265.07	−0.049%	$365K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.30	+0.038%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.16	−0.014%	$168K	$697K	75x	as long as short
edgeX BCHUSDCshort	+0.0100%	4h	265.13	−0.027%	$19K	$292K	20x
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.56	+0.135%	$25K	—	100x	as long as short