Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0053%/8h= −5.8% APRpaid last 24h −0.017%

Price spread now: Coinbase International against OKX+0.291%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 3 days (all we have)−0.409%−$41 · spread now +0.291%, 7d avg +0.057%

Together, before fees−0.424%−$42 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.234% dearer against OKX than usual: you sell high and buy low (spread +0.291% now, against its 7-day average of +0.057%): +$23 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 7 days (−0.015% in total) that is about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BCH-USDT-SWAP	268.10	0.0029	pay 0.0029% / 8h	2h 07m	$26.3M	$76.0M	50x
Short	Coinbase International BCH-PERP-INTX	268.88	−0.0024	pay 0.0003% / 1h	7m 44s	$242K	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.291%Rate

Funding earned: −$11.1
Price spread: +0.291% → +0.057%: $23.39
Slippage, 4 orders: −$26.29
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$34.01
Costs to cover: 0.463%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Coinbase International: live order book, 1 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 OKX live order book, 1 min ago	1.86 bp	9.3 bp −$9	21.0 bp −$210	95.2 bp −$9,524	doesn't fit
Sell Coinbase International live order book, 1 min ago	4.28 bp	13.3 bp −$13	17.4 bp −$174	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	−0.0468%	1h	268.50	+0.150%	$439K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	268.50	+0.149%	$716	$110K	12x	as long as short
Phemex BCHUSDT	−0.0186%	8h	268.43	+0.123%	$4.9M	$6.2M	50x	as long as short
SoDEX BCH-USD	−0.0147%	1h	268.35	+0.093%	$2K	$6K	10x	as long as short
Extended BCH-USD	−0.0096%	1h	268.12	+0.008%	$115K	$653K	25x	as long as short
Binance BCHUSDT	−0.0093%	8h	268.18	+0.030%	$73.9M	$229.3M	75x	as long as short
MEXC BCH_USDT	−0.0092%	8h	268.92	+0.306%	$71.2M	$6.4M	200x	as long as short
Variational Omni BCH	−0.0070%	8h	268.14	+0.016%	$85K	$291K	—	as long as short
Bitget BCHUSDT	−0.0035%	8h	268.31	+0.078%	$19.9M	$29.0M	75x	as long as short
Coinbase International BCH-PERP-INTXshort	−0.0024%	1h	268.88	+0.291%	$242K	$2.1M	50x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0023%	8h	268.31	+0.078%	$8.4M	$14.4M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0019%	8h	268.26	+0.060%	$391K	$17K	10x	as long as short
Bybit BCHUSDT	−0.0002%	8h	268.10	0.000%	$39.4M	$32.1M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	268.48	+0.143%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.69	+0.220%	$1.1M	$11.3M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.67	+0.211%	$4K	—	150x	as long as short
BingX BCH-USDC	+0.0024%	8h	268.25	+0.056%	—	$6.5M	—	as long as short
BloFin BCH-USDT	+0.0026%	8h	268.57	+0.175%	$4.0M	$4.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0027%	8h	268.43	+0.123%	$2K	$176	10x	as long as short
OKX BCH-USDT-SWAPlong	+0.0029%	8h	268.10	long leg	$26.3M	$76.0M	50x
Kraken Futures PF_BCHUSD	+0.0074%	1h	268.67	+0.213%	$805K	$3.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	268.35	+0.094%	$376K	$581K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	268.43	+0.121%	$439K	$425K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.67	+0.213%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.43	+0.122%	$236K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.31	+0.078%	$169K	$455K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.51	+0.153%	$8.9M	$7.9M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.22	+0.046%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.24	+0.052%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.24	+0.052%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.37	+0.101%	$773K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0373% / S −0.0574%	1h	268.63	+0.196%	$26K	—	100x	as long as short