Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0130%/8h= +14.2% APRpaid last 24h −0.032%

Price spread now: Kraken Futures against Bybit+0.125%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$560.555% of the position

Long on Bybit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$12 on $10k

Price spread, last 3 days (all we have)−0.189%−$19 · spread now +0.125%, 7d avg +0.068%

Together, before fees−0.304%−$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.058% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.068%. Mind the row above: over the last 7 days funding on this pair cost −0.115%, 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	Bybit BCHUSDT	267.60	−0.0056	get 0.0056% / 8h	2h 31m	$39.4M	$32.0M	75x
Short	Kraken Futures PF_BCHUSD	267.94	0.0074	get 0.0009% / 1h	31m 40s	$804K	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bybit. 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 BybitbpFee Kraken FuturesbpOrdersPrice spread, now +0.125%Rate

Funding earned: $27.28
Price spread: +0.125% → +0.068%: $5.77
Slippage, 4 orders: −$34.53
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$22.48
Costs to cover: 0.555%
Break-even: 12.8 days

Slippage from Bybit: live order book, 2 min ago; Kraken Futures: live order book, 2 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 Bybit live order book, 2 min ago	1.87 bp	11.7 bp −$12	28.2 bp −$282	94.6 bp −$9,465	doesn't fit
Sell Kraken Futures live order book, 2 min ago	4.66 bp	11.1 bp −$11	18.7 bp −$187	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
Deribit BCH_USDC-PERPETUAL	−0.0347%	1h	267.72	+0.045%	$438K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	267.23	−0.138%	$713	$80K	12x	as long as short
Phemex BCHUSDT	−0.0197%	8h	267.64	+0.015%	$4.9M	$6.2M	50x	as long as short
SoDEX BCH-USD	−0.0186%	1h	267.64	+0.015%	$2K	$6K	10x	as long as short
Binance BCHUSDT	−0.0113%	8h	267.66	+0.022%	$73.9M	$229.0M	75x	as long as short
MEXC BCH_USDT	−0.0113%	8h	268.32	+0.269%	$71.1M	$6.4M	200x	as long as short
Extended BCH-USD	−0.0112%	1h	267.59	−0.005%	$105K	$643K	25x	as long as short
Variational Omni BCH	−0.0080%	8h	267.64	+0.015%	$85K	$291K	—	as long as short
Bybit BCHUSDTlong	−0.0056%	8h	267.60	long leg	$39.4M	$32.0M	75x
GRVT BCH_USDT_Perp	−0.0050%	8h	267.74	+0.051%	$390K	$17K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BCHUSDT	−0.0048%	8h	267.66	+0.022%	$20.0M	$28.8M	75x	as long as short
Gate BCH_USDT	−0.0030%	8h	267.71	+0.041%	$8.4M	$14.4M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	267.90	+0.112%	$246K	$2.0M	50x	as long as short
BingX BCH-USDT	−0.0004%	8h	267.74	+0.052%	—	$32.1M	—	as long as short
OKX BCH-USDT-SWAP	−0.0002%	8h	267.60	0.000%	$26.2M	$75.7M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	267.89	+0.107%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.11	+0.191%	$1.1M	$11.3M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.81	+0.078%	$4K	—	150x	as long as short
BloFin BCH-USDT	+0.0005%	8h	267.74	+0.052%	$4.0M	$4.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	267.64	+0.015%	$2K	$176	10x	as long as short
Kraken Futures PF_BCHUSDshort	+0.0074%	1h	267.94	+0.125%	$804K	$3.2M	50x
Nado BCH-PERP	+0.0079%	1h	267.61	+0.004%	$438K	$427K	10x	as long as short
KuCoin BCHUSDTM	+0.0093%	8h	267.70	+0.037%	$8.9M	$8.0M	75x	as long as short
Lighter BCH	+0.0096%	1h	267.71	+0.042%	$375K	$580K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.96	+0.133%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.69	+0.032%	$234K	$660K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.73	+0.049%	$169K	$460K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.63	+0.010%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.16	+0.209%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.49	−0.041%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.67	+0.026%	$770K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0372% / S −0.0574%	1h	267.75	+0.054%	$26K	—	100x	as long as short