BCH arbitrage explained
Right now Bitcoin Cash (BCH) trades on 11 venues we scan: 11 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $298.60 and the highest bid on MEXC perp at $299.22.
The widest BCH perpetual spread is between Bybit and MEXC: long BCH on Bybit at $298.60 and short on MEXC at $299.22 for +0.21% gross, or +0.05% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.017% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best BCH route is to buy spot on KuCoin and short the perpetual on MEXC: +0.16% gross, -0.04% net, with +0.013% a day of funding on the short leg.
Spot–spot BCH arbitrage (buy on KuCoin, withdraw, deposit and sell on Gate) shows +0.03% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small BCH gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: BCH funding rates · BCH spread charts · Bitcoin Cash price · arbitrage scanner for all coins.