Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h +0.091%

Price spread now: KuCoin against Deribit+0.053%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

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

costs, in and out, $10k−$530.531% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.264%+$26 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.053%, 7d avg −0.001%

Together, before fees+0.256%+$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.054% dearer against Deribit than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of −0.001%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 45 hours. Mind the row above: over the last 7 days funding on this pair paid +0.264%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BCH_USDC-PERPETUAL	265.37	0	get 0.0000% / 1h	58m 22s	$442K	$333K	25x
Short	KuCoin BCHUSDTM	265.51	−0.0095	pay 0.0095% / 8h	1h 58m	$8.5M	$6.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Deribit. 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 DeribitbpFee KuCoinbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$19.95
Price spread: +0.053% → −0.001%: $5.37
Slippage, 4 orders: −$34.07
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$67.65
Costs to cover: 0.531%
Break-even: never at this rate

Slippage from Deribit: live order book, 50 min ago; KuCoin: live order book, 10 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 Deribit live order book, 50 min ago	3.65 bp	7.2 bp −$7	13.9 bp −$139	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	1.13 bp	16.7 bp −$17	53.4 bp −$534	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
SoDEX BCH-USD	−0.0321%	1h	265.21	−0.060%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0195%	8h	265.22	−0.056%	$774K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0177%	8h	265.44	+0.027%	$5.0M	$6.6M	50x	as long as short
Nado BCH-PERP	−0.0128%	1h	265.64	+0.102%	$437K	$355K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0103%	1h	265.35	−0.007%	$848K	$3.0M	50x	as long as short
Bitget BCHUSDT	−0.0096%	8h	265.24	−0.049%	$19.0M	$28.5M	75x	as long as short
KuCoin BCHUSDTMshort	−0.0095%	8h	265.51	+0.053%	$8.5M	$6.7M	75x
Variational Omni BCH	−0.0070%	8h	265.20	−0.063%	$81K	$196K	—	as long as short
OKX BCH-USDT-SWAP	−0.0069%	8h	265.20	−0.064%	$25.3M	$78.2M	50x	as long as short
Extended BCH-USD	−0.0048%	1h	265.09	−0.105%	$115K	$1.1M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0044%	8h	265.39	+0.009%	$73.1M	$221.1M	75x	as long as short
MEXC BCH_USDT	−0.0044%	8h	265.82	+0.170%	$70.8M	$8.5M	200x	as long as short
Bybit BCHUSDT	−0.0030%	8h	265.22	−0.056%	$39.0M	$31.8M	75x	as long as short
BingX BCH-USDT	−0.0020%	8h	265.29	−0.030%	—	$32.9M	—	as long as short
GRVT BCH_USDT_Perp	−0.0012%	8h	265.31	−0.022%	$387K	$17K	10x	as long as short
SunX BCH-USDT	−0.0009%	8h	265.48	+0.042%	$2K	$1.7M	30x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.50	+0.049%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.64	+0.103%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.33	−0.015%	$992K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUALlong	0.0000%	1h	265.37	long leg	$442K	$333K	25x
Coinbase International BCH-PERP-INTX	+0.0008%	1h	265.56	+0.072%	$221K	$1.9M	50x	as long as short
Gate BCH_USDT	+0.0018%	8h	265.47	+0.038%	$8.4M	$13.8M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.820%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	265.30	−0.026%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0063%	8h	265.40	+0.013%	$150K	$564K	75x	as long as short
BloFin BCH-USDT	+0.0076%	8h	265.16	−0.079%	$3.9M	$4.5M	50x	as long as short
Lighter BCH	+0.0096%	1h	265.56	+0.074%	$354K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.73	+0.136%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	265.57	+0.077%	$159K	$312K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.30	−0.028%	$18K	$347K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.60	+0.087%	$95K	$237K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	265.56	+0.073%	$12K	—	100x	as long as short