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 Variational perp at $295.94 and the highest bid on MEXC perp at $296.44.
The widest BCH perpetual spread is between Variational and MEXC: long BCH on Variational at $295.94 and short on MEXC at $296.44 for +0.17% gross, or +0.01% 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 +0.008% per day, which the position collects 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: +0.06% gross, -0.14% net, with +0.003% a day of funding on the short leg.
Spot–spot BCH arbitrage (buy on KuCoin, withdraw, deposit and sell on Binance) shows +0.01% 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.