Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h −0.024%

Price spread now: Kraken Futures against Gate+0.027%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$560.564% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.117%−$12 on $10k

Price spread, last 4 days (all we have)−0.206%−$21 · spread now +0.027%, 7d avg +0.044%

Together, before fees−0.323%−$32 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BCH_USDT	267.71	−0.0072	get 0.0072% / 8h	7h 39m	$8.4M	$12.9M	75x
Short	Kraken Futures PF_BCHUSD	267.78	−0.0158	pay 0.0020% / 1h	39m 39s	$869K	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$18.01
Price spread: +0.027% → +0.044%: −$1.63
Slippage, 4 orders: −$31.36
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$76
Costs to cover: 0.564%
Break-even: never at this rate

Slippage from Gate: 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 Gate live order book, 4 min ago	1.87 bp	11.6 bp −$12	17.3 bp −$173	31.1 bp −$3,106	42.8 bp −$21.4K
Sell Kraken Futures live order book, 4 min ago	5.79 bp	14.6 bp −$15	22.6 bp −$226	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	−0.0364%	1h	267.55	−0.060%	$2K	$8K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0213%	8h	267.55	−0.060%	$390K	$17K	10x	as long as short
Phemex BCHUSDT	−0.0190%	8h	267.46	−0.093%	$5.0M	$6.5M	50x	as long as short
Kraken Futures PF_BCHUSDshort	−0.0158%	1h	267.78	+0.027%	$869K	$2.7M	50x
Variational Omni BCH	−0.0131%	8h	267.41	−0.114%	$148K	$262K	—	as long as short
OKX BCH-USDT-SWAP	−0.0088%	8h	267.60	−0.041%	$25.3M	$78.6M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0079%	1h	267.58	−0.048%	$420K	$359K	25x	as long as short
KuCoin BCHUSDTM	−0.0074%	8h	267.63	−0.030%	$8.6M	$6.2M	75x	as long as short
Gate BCH_USDTlong	−0.0072%	8h	267.71	long leg	$8.4M	$12.9M	75x
Bitget BCHUSDT	−0.0070%	8h	267.54	−0.064%	$19.3M	$27.2M	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	−0.0056%	1h	267.49	−0.084%	$119K	$912K	25x	as long as short
Binance BCHUSDT	−0.0052%	8h	267.67	−0.015%	$74.0M	$215.9M	75x	as long as short
MEXC BCH_USDT	−0.0052%	8h	268.08	+0.138%	$71.9M	$9.2M	200x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	267.53	−0.068%	$15K	—	150x	as long as short
Pacifica BCH	−0.0002%	1h	267.66	−0.020%	$155K	$296K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	267.71	−0.001%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.76	+0.019%	$1.0M	$9.1M	2.7x	as long as short
Aster BCHUSDT	+0.0011%	8h	267.53	−0.066%	$144K	$574K	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.930%	$721	$130K	12x	as long as short
BingX BCH-USDC	+0.0035%	8h	267.67	−0.015%	—	$6.5M	—	as long as short
Orderly PERP_BCH_USDC	+0.0045%	8h	267.46	−0.093%	$2K	—	10x	as long as short
BloFin BCH-USDT	+0.0067%	8h	267.47	−0.090%	$3.5M	$5.0M	50x	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	268.36	+0.243%	$304K	$2.1M	50x	as long as short
Lighter BCH	+0.0096%	1h	267.71	0.000%	$374K	$492K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	267.35	−0.134%	$429K	$352K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.84	+0.049%	$5.8M	$4.7M	10x	as long as short
Bybit BCHUSDT	+0.0100%	8h	267.61	−0.037%	$39.6M	$32.2M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.07	+0.135%	$19K	$346K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.26	+0.205%	$97K	$241K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.44	−0.101%	$2K	$1.6M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.61	−0.037%	$779K	$1.4M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0203% / S −0.0147%	1h	267.82	+0.042%	$13K	—	100x	as long as short