Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0189%/8h= −20.7% APRpaid last 24h −0.001%

Price spread now: KuCoin against Pacifica−0.072%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$590.592% of the position

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.072%, 7d avg +0.004%

Together, before fees+0.153%+ Points / potential airdropPacifica: Active · farm board+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and KuCoin is 0.077% cheaper against Pacifica than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.004%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.099%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.099% in total (about 5.2% 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	Pacifica BCH	265.16	0.0100	pay 0.0013% / 1h	28m 09s	$159K	$305K	10x
Short	KuCoin BCHUSDTM	264.97	−0.0089	pay 0.0089% / 8h	3h 28m	$8.5M	$6.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Pacifica. 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 PacificabpFee KuCoinbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$39.69
Price spread: −0.072% → +0.004%: −$7.69
Slippage, 4 orders: −$39.22
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$106.6
Costs to cover: 0.592%
Break-even: never at this rate

Slippage from Pacifica: live order book, 25 min ago; KuCoin: live order book, 5 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 Pacifica live order book, 25 min ago	2.81 bp	13.1 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	2.07 bp	19.5 bp −$19	55.5 bp −$555	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	−0.0255%	8h	264.96	−0.076%	$4.9M	$6.4M	50x	as long as short
SoDEX BCH-USD	−0.0229%	1h	265.15	−0.005%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0224%	8h	264.88	−0.106%	$773K	$1.4M	75x	as long as short
Nado BCH-PERP	−0.0188%	1h	264.94	−0.083%	$430K	$346K	10x	as long as short
SunX BCH-USDT	−0.0171%	8h	264.81	−0.133%	$1K	$1.7M	30x	as long as short
KuCoin BCHUSDTMshort	−0.0089%	8h	264.97	−0.072%	$8.5M	$6.9M	75x
OKX BCH-USDT-SWAP	−0.0085%	8h	264.90	−0.099%	$25.1M	$76.2M	50x	as long as short
Bitget BCHUSDT	−0.0078%	8h	264.79	−0.140%	$18.9M	$28.3M	75x	as long as short
Binance BCHUSDT	−0.0068%	8h	264.90	−0.099%	$71.9M	$215.8M	75x	as long as short
MEXC BCH_USDT	−0.0067%	8h	265.49	+0.124%	$70.3M	$7.9M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0064%	1h	264.77	−0.147%	$113K	$956K	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	266.30	+0.429%	$219K	$1.8M	50x	as long as short
Variational Omni BCH	−0.0060%	8h	265.90	+0.280%	$81K	$196K	—	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0056%	1h	265.02	−0.053%	$443K	$332K	25x	as long as short
Kraken Futures PF_BCHUSD	−0.0051%	1h	265.15	−0.003%	$850K	$3.0M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0038%	8h	265.85	+0.259%	$388K	$17K	10x	as long as short
Gate BCH_USDT	−0.0030%	8h	264.97	−0.072%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.13	−0.014%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.28	+0.043%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.16	−0.001%	$996K	$10.4M	2.7x	as long as short
BingX BCH-USDT	+0.0017%	8h	265.00	−0.061%	—	$32.9M	—	as long as short
Bybit BCHUSDT	+0.0022%	8h	264.89	−0.103%	$39.0M	$31.2M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.900%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.94	−0.084%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0052%	8h	265.35	+0.071%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0086%	8h	265.19	+0.012%	$150K	$546K	75x	as long as short
Lighter BCH	+0.0096%	1h	264.95	−0.081%	$356K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.15	−0.005%	$5.7M	$4.6M	10x	as long as short
Pacifica BCHlong	+0.0100%	1h	265.16	long leg	$159K	$305K	10x
edgeX BCHUSDC	+0.0100%	4h	265.52	+0.134%	$18K	$323K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.77	+0.229%	$97K	$234K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0358% / S −0.0530%	1h	265.08	−0.031%	$25K	—	100x	as long as short