Funding you earn now, next payment 01:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.030%
Price spread now: Kraken Futures against Binance+0.109%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$480.481% of the position
Funding, last 7 days−0.080%−$8 on $10k
+Price spread, last 3 days (all we have)−0.068%−$7 · spread now +0.109%, 7d avg +0.055%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kraken Futures is 0.054% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.055%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BCHUSDT | 267.93 | −0.0051 | get 0.0051% / 8h | 7h 39m | $72.6M | $230.7M | 75x |
| Short | Kraken Futures PF_BCHUSD | 268.22 | −0.0049 | pay 0.0006% / 1h | 39m 59s | $855K | $3.1M | 50x |
Binance BCHUSDT
Kraken Futures PF_BCHUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.32
- Price spread: +0.109% → +0.055%
- $5.39
- Slippage, 4 orders
- −$28.14
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$42.43
- Costs to cover
- 0.481%
- Break-even
- 929.3 days
Slippage from Binance: live order book, 4 min ago; Kraken Futures: live order book, 4 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 Binance live order book, 4 min ago | 0.19 bp | 7.2 bp −$7 | 14.7 bp −$147 | 38.3 bp −$3,832 | 103.0 bp −$51.5K |
| Sell Kraken Futures live order book, 4 min ago | 3.91 bp | 15.2 bp −$15 | 24.7 bp −$247 | 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 | −0.0608% | 8h | 268.02 | +0.034% | $4.9M | $6.5M | 50x | as long as short |
| SoDEX BCH-USD | −0.0559% | 1h | 268.01 | +0.030% | $2K | $6K | 10x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0391% | 1h | 268.17 | +0.090% | $453K | $266K | 25x | as long as short |
| HTX BCH-USDT | −0.0363% | 8h | 268.01 | +0.030% | $775K | $1.6M | 75x | as long as short |
| Gate BCH_USDT | −0.0202% | 8h | 268.08 | +0.056% | $8.4M | $14.2M | 75x | as long as short |
| GRVT BCH_USDT_Perp | −0.0196% | 8h | 267.99 | +0.024% | $390K | $17K | 10x | as long as short |
| Variational Omni BCH | −0.0130% | 8h | 267.81 | −0.045% | $82K | $285K | — | as long as short |
| Bybit BCHUSDT | −0.0080% | 8h | 268.00 | +0.026% | $39.6M | $32.6M | 75x | as long as short |
| ApeX Omni BCHUSDT | −0.0074% | 1h | 267.55 | −0.142% | $72K | $215K | 50x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0056% | 1h | 268.22 | +0.108% | $225K | $2.0M | 50x | as long as short |
Phemex BCHUSDT
SoDEX BCH-USD
Deribit BCH_USDC-PERPETUAL
HTX BCH-USDT
Gate BCH_USDT
GRVT BCH_USDT_Perp
Variational Omni BCH
Bybit BCHUSDT
ApeX Omni BCHUSDT
Coinbase International BCH-PERP-INTXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BCHUSDTlong | −0.0051% | 8h | 267.93 | long leg | $72.6M | $230.7M | 75x | |
| MEXC BCH_USDT | −0.0050% | 8h | 268.45 | +0.194% | $70.3M | $6.6M | 200x | as long as short |
| Kraken Futures PF_BCHUSDshort | −0.0049% | 1h | 268.22 | +0.109% | $855K | $3.1M | 50x | |
| Extended BCH-USD | −0.0048% | 1h | 267.88 | −0.018% | $113K | $846K | 25x | as long as short |
| Nado BCH-PERP | −0.0017% | 1h | 268.03 | +0.036% | $440K | $421K | 10x | as long as short |
| Bitget BCHUSDT | −0.0006% | 8h | 267.91 | −0.007% | $19.2M | $29.5M | 75x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 268.22 | +0.109% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 268.40 | +0.175% | $1.1M | $10.8M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 268.34 | +0.155% | $4K | — | 150x | as long as short |
| OKX BCH-USDT-SWAP | +0.0021% | 8h | 267.90 | −0.011% | $26.0M | $76.6M | 50x | as long as short |
| BingX BCH-USDT | +0.0025% | 8h | 268.05 | +0.045% | — | $31.2M | — | as long as short |
| Orderly PERP_BCH_USDC | +0.0030% | 8h | 268.04 | +0.041% | $2K | $176 | 10x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +0.847% | $721 | $130K | 12x | as long as short |
| BloFin BCH-USDT | +0.0069% | 8h | 267.89 | −0.015% | $3.9M | $4.2M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 268.05 | +0.045% | $369K | $529K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 268.40 | +0.175% | $6.0M | $4.4M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 268.21 | +0.105% | $175K | $666K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 268.01 | +0.029% | $163K | $407K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 268.06 | +0.049% | $9.0M | $7.6M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 267.89 | −0.016% | $19K | $290K | 20x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 267.90 | −0.011% | $2K | $1.9M | 30x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0333% / S −0.0224% | 1h | 268.27 | +0.125% | $31K | — | 100x | as long as short |
MEXC BCH_USDT
Extended BCH-USD
Nado BCH-PERP
Bitget BCHUSDT
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
OKX BCH-USDT-SWAP
BingX BCH-USDT
Orderly PERP_BCH_USDC
Injective BCH/USDC PERP
BloFin BCH-USDT
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
SunX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]