Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h −0.017%

Price spread now: Coinbase International against KuCoin+0.045%51s7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as 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−$680.675% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 3 days (all we have)−0.159%−$16 · spread now +0.045%, 7d avg +0.014%

Together, before fees−0.254%−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.031% dearer against KuCoin than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of +0.014%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.094% in total) that is about 2.3 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BCHUSDTM	269.17	0.0100	pay 0.0100% / 8h	7h 25m	$8.8M	$7.7M	75x
Short	Coinbase International BCH-PERP-INTX	269.29	−0.0056	pay 0.0007% / 1h	25m 33s	$228K	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against KuCoin. 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 KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$32.76
Price spread: +0.045% → +0.014%: $3.09
Slippage, 4 orders: −$45.51
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$97.18
Costs to cover: 0.675%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Coinbase International: live order book, 3 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 KuCoin live order book, 3 min ago	2.04 bp	22.5 bp −$23	61.6 bp −$616	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	6.32 bp	14.3 bp −$14	23.2 bp −$232	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	−0.0657%	8h	269.46	+0.108%	$4.9M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0545%	1h	269.45	+0.104%	$2K	$6K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0354%	1h	269.54	+0.139%	$456K	$266K	25x	as long as short
GRVT BCH_USDT_Perp	−0.0174%	8h	269.13	−0.015%	$392K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0158%	1h	269.22	+0.019%	$73K	$214K	50x	as long as short
Gate BCH_USDT	−0.0146%	8h	269.31	+0.052%	$8.5M	$14.2M	75x	as long as short
Variational Omni BCH	−0.0128%	8h	269.31	+0.050%	$82K	$285K	—	as long as short
Extended BCH-USD	−0.0064%	1h	269.09	−0.029%	$117K	$1.1M	25x	as long as short
Bybit BCHUSDT	−0.0063%	8h	269.13	−0.015%	$39.8M	$32.5M	75x	as long as short
Binance BCHUSDT	−0.0061%	8h	269.09	−0.030%	$72.9M	$229.3M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0060%	8h	269.64	+0.175%	$70.7M	$6.6M	200x	as long as short
Coinbase International BCH-PERP-INTXshort	−0.0056%	1h	269.29	+0.045%	$228K	$2.0M	50x
Kraken Futures PF_BCHUSD	−0.0049%	1h	269.66	+0.180%	$859K	$3.1M	50x	as long as short
HTX BCH-USDT	−0.0031%	8h	269.27	+0.037%	$782K	$1.6M	75x	as long as short
Bitget BCHUSDT	−0.0018%	8h	269.06	−0.041%	$19.3M	$29.1M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	269.47	+0.113%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.77	+0.223%	$1.1M	$10.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	269.55	+0.140%	$4K	—	150x	as long as short
OKX BCH-USDT-SWAP	+0.0012%	8h	269.00	−0.063%	$26.1M	$76.6M	50x	as long as short
Nado BCH-PERP	+0.0014%	1h	269.08	−0.034%	$440K	$420K	10x	as long as short
BingX BCH-USDC	+0.0018%	8h	269.23	+0.022%	—	$6.5M	—	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	269.47	+0.111%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.383%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0060%	8h	269.04	−0.048%	$3.9M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	269.32	+0.055%	$371K	$530K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.51	+0.126%	$6.0M	$4.4M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	269.39	+0.081%	$178K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	269.28	+0.041%	$164K	$407K	10x	as long as short
KuCoin BCHUSDTMlong	+0.0100%	8h	269.17	long leg	$8.8M	$7.7M	75x
edgeX BCHUSDC	+0.0100%	4h	269.06	−0.040%	$19K	$290K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	269.17	0.000%	$2K	$1.9M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0334% / S −0.0451%	1h	269.59	+0.156%	$25K	—	100x	as long as short