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: Coinbase International against edgeX+0.196%77s7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$480.485% of the position

Long on edgeX Short on Coinbase International

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)−0.235%−$23 · spread now +0.196%, 7d avg +0.052%

Together, before fees−0.374%+ Points / potential airdropedgeX: Active · farm board−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.145% dearer against edgeX than usual: you sell high and buy low (spread +0.196% now, against its 7-day average of +0.052%): +$14 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 7 days (−0.139% in total) that is about 7.3 days. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

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	edgeX BCHUSDC	265.36	0.0100	pay 0.0050% / 4h	2h 22m	$19K	$291K	20x
Short	Coinbase International BCH-PERP-INTX	265.88	−0.0112	pay 0.0014% / 1h	22m 08s	$232K	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 edgeXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.196%Rate

Funding earned: −$44.52
Price spread: +0.196% → +0.052%: $14.45
Slippage, 4 orders: −$29.48
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$78.55
Costs to cover: 0.485%
Break-even: never at this rate

Slippage from edgeX: live order book, 46 min ago; Coinbase International: live order book, 2 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 edgeX live order book, 46 min ago	7.43 bp	12.1 bp −$12	15.5 bp −$155	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	4.89 bp	10.3 bp −$10	15.7 bp −$157	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	−0.0904%	8h	265.94	+0.219%	$2K	$1.8M	30x	as long as short
SoDEX BCH-USD	−0.0524%	1h	265.94	+0.219%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0482%	8h	265.94	+0.219%	$4.9M	$6.6M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0467%	1h	266.11	+0.282%	$450K	$255K	25x	as long as short
HTX BCH-USDT	−0.0330%	8h	266.02	+0.249%	$780K	$1.6M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0299%	1h	266.20	+0.318%	$854K	$3.1M	50x	as long as short
ApeX Omni BCHUSDT	−0.0180%	1h	266.16	+0.302%	$97K	$227K	50x	as long as short
GRVT BCH_USDT_Perp	−0.0177%	8h	266.06	+0.265%	$388K	$17K	10x	as long as short
Variational Omni BCH	−0.0117%	8h	266.11	+0.282%	$82K	$253K	—	as long as short
Coinbase International BCH-PERP-INTXshort	−0.0112%	1h	265.88	+0.196%	$232K	$2.0M	50x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0107%	8h	266.02	+0.249%	$8.4M	$13.5M	75x	as long as short
Binance BCHUSDT	−0.0099%	8h	265.89	+0.201%	$71.9M	$229.3M	75x	as long as short
MEXC BCH_USDT	−0.0099%	8h	266.37	+0.381%	$70.2M	$7.0M	200x	as long as short
Extended BCH-USD	−0.0096%	1h	265.87	+0.194%	$112K	$962K	25x	as long as short
Bybit BCHUSDT	−0.0066%	8h	265.77	+0.155%	$39.2M	$33.0M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0047%	8h	265.70	+0.129%	$25.3M	$78.3M	50x	as long as short
Bitget BCHUSDT	−0.0042%	8h	265.88	+0.196%	$19.1M	$29.2M	75x	as long as short
Nado BCH-PERP	−0.0039%	1h	265.96	+0.227%	$422K	$380K	10x	as long as short
BingX BCH-USDC	−0.0031%	8h	265.86	+0.189%	—	$6.5M	—	as long as short
dYdX BCH-USD	0.0000%	1h	266.13	+0.290%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.41	+0.396%	$1.1M	$10.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	266.22	+0.325%	$4K	—	150x	as long as short
KuCoin BCHUSDTM	+0.0028%	8h	265.98	+0.234%	$8.6M	$7.5M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.824%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0034%	8h	265.96	+0.227%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0040%	1h	265.98	+0.235%	$162K	$404K	10x	as long as short
Lighter BCH	+0.0096%	1h	266.00	+0.243%	$366K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.20	+0.317%	$5.8M	$5.0M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.10	+0.279%	$168K	$697K	75x	as long as short
edgeX BCHUSDClong	+0.0100%	4h	265.36	long leg	$19K	$291K	20x
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	266.22	+0.326%	$25K	—	100x	as long as short