Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h −0.038%

Price spread now: Kraken Futures against BingX+0.054%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$540.535% of the position

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.188%−$19 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kraken Futures is 0.054% dearer against BingX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.188%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BCH-USDC	265.47	−0.0008	get 0.0008% / 8h	4h 28m	—	$6.5M	—
Short	Kraken Futures PF_BCHUSD	265.61	0.0011	get 0.0001% / 1h	28m 06s	$851K	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now +0.054%Rate

Funding earned: $3.96
Price spread: +0.054% → 0.000%: $5.35
Slippage, 4 orders: −$33.52
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$44.21
Costs to cover: 0.535%
Break-even: 85.1 days

Slippage from BingX: live order book, 7 min ago; Kraken Futures: 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 BingX live order book, 7 min ago	1.33 bp	14.1 bp −$14	39.1 bp −$391	124.9 bp −$12.5K	466.3 bp −$233.2K
Sell Kraken Futures live order book, 1 min ago	6.20 bp	14.2 bp −$14	26.4 bp −$264	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
SunX BCH-USDT	−0.0568%	8h	265.56	+0.034%	$1K	$1.7M	30x	as long as short
Phemex BCHUSDT	−0.0314%	8h	265.34	−0.049%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0265%	8h	265.40	−0.026%	$774K	$1.4M	75x	as long as short
Nado BCH-PERP	−0.0260%	1h	265.62	+0.057%	$429K	$341K	10x	as long as short
SoDEX BCH-USD	−0.0227%	1h	265.34	−0.049%	$2K	$8K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	265.29	−0.068%	$219K	$1.8M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0098%	8h	265.30	−0.064%	$25.0M	$74.7M	50x	as long as short
MEXC BCH_USDT	−0.0090%	8h	265.71	+0.090%	$70.3M	$7.8M	200x	as long as short
KuCoin BCHUSDTM	−0.0090%	8h	265.58	+0.041%	$8.5M	$7.0M	75x	as long as short
Binance BCHUSDT	−0.0089%	8h	265.40	−0.026%	$72.2M	$214.0M	75x	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	−0.0088%	1h	265.19	−0.106%	$115K	$950K	25x	as long as short
Variational Omni BCH	−0.0079%	8h	265.50	+0.013%	$81K	$201K	—	as long as short
Gate BCH_USDT	−0.0078%	8h	265.65	+0.068%	$8.4M	$13.6M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0078%	8h	265.65	+0.069%	$387K	$17K	10x	as long as short
Bitget BCHUSDT	−0.0075%	8h	265.39	−0.030%	$19.0M	$28.1M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0074%	1h	265.46	−0.002%	$444K	$331K	25x	as long as short
BingX BCH-USDClong	−0.0008%	8h	265.47	long leg	—	$6.5M	—
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.72	+0.094%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	266.10	+0.236%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.97	+0.188%	$1.0M	$10.3M	2.7x	as long as short
Bybit BCHUSDT	+0.0006%	8h	265.30	−0.064%	$39.2M	$31.0M	75x	as long as short
Kraken Futures PF_BCHUSDshort	+0.0011%	1h	265.61	+0.054%	$851K	$3.0M	50x
BloFin BCH-USDT	+0.0029%	8h	266.10	+0.237%	$3.9M	$4.3M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.782%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0036%	8h	265.44	−0.011%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	265.75	+0.105%	$160K	$307K	10x	as long as short
Lighter BCH	+0.0096%	1h	265.41	−0.023%	$359K	$488K	10x	as long as short
ApeX Omni BCHUSDT	+0.0099%	1h	264.36	−0.418%	$96K	$230K	50x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.66	+0.072%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.93	+0.173%	$167K	$516K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.45	−0.006%	$19K	$290K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0351% / S −0.0506%	1h	265.70	+0.087%	$24K	—	100x	as long as short