Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0198%/8h= +21.7% APRpaid last 24h +0.003%

Price spread now: edgeX against KuCoin−0.348%68s7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as 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−$610.605% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 4 days (all we have)+0.428%+$43 · spread now −0.348%, 7d avg −0.039%

Together, before fees+0.471%+ Points / potential airdropedgeX: Active · farm board+$47 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.308% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.348% now, against its 7-day average of −0.039%). If the spread goes back, that is −$31 on $10k: about 5.2 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.043% in total) that is about 51 days. The two prices were read 68 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 0.043% in total (about 2.2% 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	KuCoin BCHUSDTM	264.52	−0.0098	get 0.0098% / 8h	2h 50m	$8.5M	$6.8M	75x
Short	edgeX BCHUSDC	263.60	0.0100	get 0.0050% / 4h	2h 50m	$18K	$330K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.348%Rate

Funding earned: $41.58
Price spread: −0.348% → −0.039%: −$30.85
Slippage, 4 orders: −$39.53
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$49.8
Costs to cover: 0.605%
Break-even: 15.4 days

Slippage from KuCoin: live order book, 3 min ago; edgeX: live order book, 62 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	2.84 bp	12.5 bp −$12	49.1 bp −$491	doesn't fit	doesn't fit
Sell edgeX live order book, 62 min ago	8.61 bp	13.3 bp −$13	16.8 bp −$168	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
HTX BCH-USDT	−0.0236%	8h	264.23	−0.110%	$774K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0215%	8h	263.88	−0.242%	$5.0M	$6.5M	50x	as long as short
Nado BCH-PERP	−0.0184%	1h	264.35	−0.064%	$432K	$349K	10x	as long as short
SunX BCH-USDT	−0.0133%	8h	263.94	−0.219%	$1K	$1.7M	30x	as long as short
Bitget BCHUSDT	−0.0105%	8h	263.95	−0.215%	$18.8M	$28.3M	75x	as long as short
KuCoin BCHUSDTMlong	−0.0098%	8h	264.52	long leg	$8.5M	$6.8M	75x
SoDEX BCH-USD	−0.0097%	1h	263.89	−0.238%	$2K	$8K	10x	as long as short
OKX BCH-USDT-SWAP	−0.0079%	8h	263.80	−0.272%	$25.1M	$76.3M	50x	as long as short
Variational Omni BCH	−0.0070%	8h	264.10	−0.157%	$81K	$196K	—	as long as short
MEXC BCH_USDT	−0.0058%	8h	264.37	−0.057%	$69.9M	$8.0M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0056%	8h	263.85	−0.254%	$71.7M	$216.4M	75x	as long as short
Extended BCH-USD	−0.0056%	1h	263.86	−0.251%	$111K	$1.1M	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0040%	1h	264.67	+0.057%	$220K	$1.8M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0033%	8h	263.64	−0.333%	$384K	$17K	10x	as long as short
Bybit BCHUSDT	−0.0014%	8h	263.83	−0.261%	$38.8M	$31.4M	75x	as long as short
BingX BCH-USDT	−0.0012%	8h	264.29	−0.087%	—	$32.9M	—	as long as short
Gate BCH_USDT	−0.0010%	8h	264.42	−0.038%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.33	−0.071%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.45	−0.028%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.58	+0.023%	$988K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.18	−0.129%	$442K	$332K	25x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.147%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.09	−0.163%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0062%	8h	264.29	−0.087%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0076%	8h	263.95	−0.217%	$152K	$549K	75x	as long as short
Lighter BCH	+0.0096%	1h	264.03	−0.185%	$354K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.55	+0.011%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	264.39	−0.049%	$159K	$305K	10x	as long as short
edgeX BCHUSDCshort	+0.0100%	4h	263.60	−0.348%	$18K	$330K	20x
ApeX Omni BCHUSDT	+0.0100%	1h	263.63	−0.336%	$96K	$235K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0180%	1h	264.13	−0.148%	$846K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.28	−0.091%	$12K	—	100x	as long as short