Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.009%

Price spread now: MEXC against Coinbase International−0.206%7-day average +0.158% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$400.398% of the position

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 4 days (all we have)+0.580%+$58 · spread now −0.206%, 7d avg +0.158%

Together, before fees+0.557%+$56 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.364% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.206% now, against its 7-day average of +0.158%). If the spread goes back, that is −$36 on $10k: about 51 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BCH-PERP-INTX	266.40	−0.0128	get 0.0016% / 1h	8m 46s	$224K	$1.8M	50x
Short	MEXC BCH_USDT	265.85	−0.0104	pay 0.0104% / 8h	5h 08m	$70.1M	$7.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.206%Rate

Funding earned: $5.04
Price spread: −0.206% → +0.158%: −$36.44
Slippage, 4 orders: −$25.83
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$71.23
Costs to cover: 0.398%
Break-even: 105.9 days

Slippage from Coinbase International: live order book, 5 min ago; MEXC: 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	5.45 bp	13.9 bp −$14	18.0 bp −$180	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	3.00 bp	5.7 bp −$6	14.4 bp −$144	44.1 bp −$4,409	92.4 bp −$46.2K

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	−0.1116%	8h	265.47	−0.349%	$2K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0421%	8h	265.49	−0.342%	$772K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0372%	8h	265.68	−0.270%	$4.9M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0308%	1h	265.60	−0.300%	$2K	$8K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0160%	1h	265.76	−0.239%	$445K	$331K	25x	as long as short
Coinbase International BCH-PERP-INTXlong	−0.0128%	1h	266.40	long leg	$224K	$1.8M	50x
Nado BCH-PERP	−0.0125%	1h	265.67	−0.275%	$422K	$339K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0117%	8h	266.15	−0.096%	$388K	$17K	10x	as long as short
Binance BCHUSDT	−0.0106%	8h	265.40	−0.375%	$72.2M	$213.5M	75x	as long as short
Extended BCH-USD	−0.0104%	1h	265.36	−0.391%	$112K	$952K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDTshort	−0.0104%	8h	265.85	−0.206%	$70.1M	$7.0M	200x
Gate BCH_USDT	−0.0101%	8h	265.59	−0.304%	$8.3M	$13.3M	75x	as long as short
Variational Omni BCH	−0.0094%	8h	266.00	−0.151%	$81K	$201K	—	as long as short
OKX BCH-USDT-SWAP	−0.0074%	8h	265.30	−0.413%	$25.1M	$74.0M	50x	as long as short
KuCoin BCHUSDTM	−0.0072%	8h	265.86	−0.203%	$8.6M	$7.1M	75x	as long as short
Bitget BCHUSDT	−0.0068%	8h	265.40	−0.375%	$19.1M	$28.1M	75x	as long as short
Bybit BCHUSDT	−0.0037%	8h	265.35	−0.394%	$39.1M	$30.8M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0031%	1h	265.86	−0.204%	$852K	$3.0M	50x	as long as short
BingX BCH-USDC	−0.0031%	8h	265.33	−0.402%	—	$6.5M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.83	−0.213%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.62	−0.293%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.97	−0.161%	$1.1M	$10.2M	2.7x	as long as short
BloFin BCH-USDT	+0.0016%	8h	265.61	−0.297%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0021%	1h	265.65	−0.282%	$162K	$321K	10x	as long as short
ApeX Omni BCHUSDT	+0.0030%	1h	266.30	−0.038%	$97K	$227K	50x	as long as short
Orderly PERP_BCH_USDC	+0.0033%	8h	265.60	−0.300%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.426%	$721	$130K	12x	as long as short
Lighter BCH	+0.0096%	1h	265.47	−0.349%	$363K	$482K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.68	−0.270%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.76	−0.240%	$168K	$519K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.00	−0.152%	$19K	$289K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0357% / S −0.0525%	1h	265.86	−0.203%	$25K	—	100x	as long as short