Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0102%/8h= +11.2% APRpaid last 24h +0.013%

Price spread now: SunX against Coinbase International−0.101%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$169as in the Price arb table

costs, in and out, $10k−$1651.647% of the position

Long on Coinbase International Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.131%+$13 on $10k

Price spread, last 3 days (all we have)+0.135%+$14 · spread now −0.101%, 7d avg −0.062%

Together, before fees+0.266%+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.039% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of −0.062%). If the spread goes back, that is −$4 on $10k: about 31 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BCH-PERP-INTX	266.10	−0.0112	get 0.0014% / 1h	47m 22s	$236K	$2.1M	50x
Short	SunX BCH-USDT	265.83	−0.0010	pay 0.0010% / 8h	6h 47m	$2K	$1.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.101%Rate

Funding earned: $21.51
Price spread: −0.101% → −0.062%: −$3.94
Slippage, 4 orders: −$146.73
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$147.17
Costs to cover: 1.647%
Break-even: 54.9 days

Slippage from Coinbase International: live order book, 1 min ago; SunX: live order book, 8 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	5.83 bp	14.1 bp −$14	19.1 bp −$191	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	54.94 bp	64.2 bp −$64	doesn't fit	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
Deribit BCH_USDC-PERPETUAL	−0.0498%	1h	265.72	−0.141%	$449K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0484%	1h	265.70	−0.150%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0469%	8h	265.66	−0.165%	$4.9M	$6.5M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0299%	1h	265.95	−0.056%	$851K	$3.1M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0195%	8h	266.22	+0.044%	$388K	$17K	10x	as long as short
Gate BCH_USDT	−0.0169%	8h	265.81	−0.109%	$8.4M	$13.2M	75x	as long as short
Variational Omni BCH	−0.0123%	8h	265.51	−0.222%	$81K	$285K	—	as long as short
Coinbase International BCH-PERP-INTXlong	−0.0112%	1h	266.10	long leg	$236K	$2.1M	50x
Extended BCH-USD	−0.0088%	1h	265.57	−0.200%	$112K	$966K	25x	as long as short
Binance BCHUSDT	−0.0087%	8h	265.61	−0.184%	$71.8M	$233.6M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BCHUSDT	−0.0086%	8h	265.70	−0.150%	$39.1M	$33.2M	75x	as long as short
MEXC BCH_USDT	−0.0085%	8h	266.08	−0.008%	$69.8M	$6.8M	200x	as long as short
ApeX Omni BCHUSDT	−0.0073%	1h	266.30	+0.075%	$97K	$226K	50x	as long as short
HTX BCH-USDT	−0.0047%	8h	265.90	−0.075%	$777K	$1.6M	75x	as long as short
Bitget BCHUSDT	−0.0031%	8h	265.67	−0.162%	$19.1M	$29.3M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0029%	8h	265.40	−0.263%	$25.9M	$76.6M	50x	as long as short
Nado BCH-PERP	−0.0024%	1h	265.60	−0.188%	$434K	$425K	10x	as long as short
BingX BCH-USDT	−0.0020%	8h	265.73	−0.139%	—	$32.3M	—	as long as short
SunX BCH-USDTshort	−0.0010%	8h	265.83	−0.101%	$2K	$1.9M	30x
dYdX BCH-USD	0.0000%	1h	265.96	−0.052%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.33	+0.086%	$1.1M	$11.0M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.93	−0.063%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	265.53	−0.214%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.541%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0034%	8h	266.13	+0.011%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0040%	1h	265.74	−0.135%	$162K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0072%	8h	265.74	−0.135%	$8.6M	$7.6M	75x	as long as short
Lighter BCH	+0.0096%	1h	265.69	−0.154%	$366K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.90	−0.075%	$5.8M	$5.0M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.70	−0.150%	$165K	$688K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.11	+0.003%	$19K	$292K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.83	−0.102%	$25K	—	100x	as long as short