Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0412%/8h= +45.1% APRpaid last 24h −0.058%

Price spread now: Kraken Futures against BloFin−0.078%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$530.535% of the position

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.330%−$33 on $10k

Price spread, last 5 days (all we have)+0.050%+$5 · spread now −0.078%, 7d avg +0.041%

Together, before fees−0.280%−$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.119% cheaper against BloFin than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of +0.041%). If the spread goes back, that is −$12 on $10k: about 23 hours of funding at the current rate (+$12 a day). Mind the row above: over the last 7 days funding on this pair cost −0.330%, 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	BloFin BCH-USDT	357.85	−0.0200	get 0.0200% / 8h	6h 09m	$8.4M	$8.7M	50x
Short	Kraken Futures PF_BCHUSD	357.57	0.0212	get 0.0026% / 1h	9m 19s	$1.0M	$10.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. 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 BloFinbpFee Kraken FuturesbpOrdersPrice spread, now −0.078%Rate

Funding earned: $86.45
Price spread: −0.078% → +0.041%: −$11.91
Slippage, 4 orders: −$31.47
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $21.06
Costs to cover: 0.535%
Break-even: 5.3 days

Slippage from BloFin: live order book, 3 min ago; Kraken Futures: live order book, 3 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 BloFin live order book, 3 min ago	0.84 bp	10.5 bp −$11	11.4 bp −$114	32.4 bp −$3,245	doesn't fit
Sell Kraken Futures live order book, 3 min ago	6.31 bp	17.4 bp −$17	25.7 bp −$257	59.3 bp −$5,932	doesn't fit

BCH on 31 exchanges

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
GMX BCH/USD [WBTC.b-USDC]	L −0.0246% / S +0.0275%	1h	357.16	−0.193%	$22K	—	100x	as long as short
BloFin BCH-USDTlong	−0.0200%	8h	357.85	long leg	$8.4M	$8.7M	50x
OKX BCH-USDT-SWAP	−0.0080%	8h	357.30	−0.154%	$35.8M	$498.6M	50x	as long as short
Variational Omni BCH	−0.0047%	8h	357.04	−0.226%	$217K	$7.4M	—	as long as short
Kalshi KXBCHPERP	0.0000%	8h	357.39	−0.129%	$1.6M	$55.2M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	357.56	−0.082%	$6K	—	150x	as long as short
dYdX BCH-USD	+0.0026%	1h	356.87	−0.273%	$8K	$10K	10x	as long as short
Bybit BCHUSDT	+0.0027%	8h	356.90	−0.265%	$62.4M	$241.3M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	341.04	−4.697%	$674	$56K	12x	as long as short
Lighter BCH	+0.0096%	1h	357.73	−0.034%	$607K	$2.2M	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado BCH-PERP	+0.0100%	1h	357.40	−0.124%	$365K	$2.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	357.46	−0.110%	$246K	$3.8M	75x	as long as short
Pacifica BCH	+0.0100%	1h	357.40	−0.126%	$156K	$1.5M	10x	as long as short
Binance BCHUSDT	+0.0100%	8h	357.32	−0.148%	$181.1M	$1.20B	75x	as long as short
Gate BCH_USDT	+0.0100%	8h	357.40	−0.126%	$12.5M	$108.0M	75x	as long as short
MEXC BCH_USDT	+0.0100%	8h	358.28	+0.120%	$24.5M	$58.3M	200x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	357.54	−0.087%	$13.7M	$23.6M	75x	as long as short
Bitget BCHUSDT	+0.0100%	8h	357.38	−0.131%	$26.5M	$103.5M	75x	as long as short
BingX BCH-USDT	+0.0100%	8h	357.53	−0.089%	—	$37.6M	—	as long as short
edgeX BCHUSDC	+0.0100%	4h	357.23	−0.173%	$27K	$448K	20x	as long as short
GRVT BCH_USDT_Perp	+0.0100%	8h	357.70	−0.041%	$513K	$26K	10x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	356.04	−0.506%	$266K	$764K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	356.87	−0.274%	$2K	$2.5M	30x	as long as short
SoDEX BCH-USD	+0.0100%	1h	357.51	−0.095%	$15K	$31K	10x	as long as short
HTX BCH-USDT	+0.0100%	8h	357.56	−0.081%	$1.0M	$7.1M	75x	as long as short
Phemex BCHUSDT	+0.0100%	8h	357.28	−0.159%	$6.3M	$9.7M	50x	as long as short
Extended BCH-USD	+0.0104%	1h	357.19	−0.184%	$166K	$1.8M	25x	as long as short
Deribit BCH_USDC-PERPETUAL	+0.0150%	1h	357.63	−0.062%	$436K	$653K	25x	as long as short
Coinbase International BCH-PERP-INTX	+0.0152%	1h	357.47	−0.106%	$292K	$18.7M	50x	as long as short
Hyperliquid BCH	+0.0183%	1h	357.88	+0.008%	$12.3M	$65.4M	10x	as long as short
Kraken Futures PF_BCHUSDshort	+0.0212%	1h	357.57	−0.078%	$1.0M	$10.4M	50x