Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0147%/8h= +16.1% APRpaid last 24h −0.018%

Price spread now: Kraken Futures against GRVT−0.176%7-day average +0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$510.513% of the position

Long on GRVT Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 3 days (all we have)+0.247%+$25 · spread now −0.176%, 7d avg +0.060%

Together, before fees+0.134%+ Points / potential airdropGRVT: Active · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.236% cheaper against GRVT than usual: you would sell low and buy high (spread −0.176% now, against its 7-day average of +0.060%). If the spread goes back, that is −$24 on $10k: about 5.4 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.112%, 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	GRVT BCH_USDT_Perp	267.99	−0.0196	get 0.0196% / 8h	7h 38m	$390K	$17K	10x
Short	Kraken Futures PF_BCHUSD	267.52	−0.0049	pay 0.0006% / 1h	38m 41s	$854K	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against GRVT. 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 GRVTbpFee Kraken FuturesbpOrdersPrice spread, now −0.176%Rate

Funding earned: $30.81
Price spread: −0.176% → +0.060%: −$23.59
Slippage, 4 orders: −$32.33
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$44.11
Costs to cover: 0.513%
Break-even: 17.0 days

Slippage from GRVT: live order book, 34 min ago; Kraken Futures: live order book, 5 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 GRVT live order book, 34 min ago	0.56 bp	8.7 bp −$9	16.7 bp −$167	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	3.91 bp	15.2 bp −$15	24.7 bp −$247	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	−0.0624%	1h	267.43	−0.209%	$452K	$266K	25x	as long as short
Phemex BCHUSDT	−0.0592%	8h	267.35	−0.240%	$4.9M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0575%	1h	267.35	−0.240%	$2K	$6K	10x	as long as short
HTX BCH-USDT	−0.0389%	8h	267.55	−0.165%	$774K	$1.6M	75x	as long as short
Gate BCH_USDT	−0.0205%	8h	267.45	−0.203%	$8.4M	$14.2M	75x	as long as short
GRVT BCH_USDT_Perplong	−0.0196%	8h	267.99	long leg	$390K	$17K	10x
ApeX Omni BCHUSDT	−0.0160%	1h	267.81	−0.068%	$73K	$215K	50x	as long as short
Variational Omni BCH	−0.0130%	8h	267.81	−0.069%	$82K	$285K	—	as long as short
Bybit BCHUSDT	−0.0101%	8h	267.57	−0.158%	$39.6M	$32.6M	75x	as long as short
Extended BCH-USD	−0.0056%	1h	267.49	−0.186%	$113K	$888K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTX	−0.0056%	1h	267.68	−0.117%	$225K	$2.0M	50x	as long as short
Binance BCHUSDT	−0.0055%	8h	267.58	−0.154%	$72.5M	$230.6M	75x	as long as short
MEXC BCH_USDT	−0.0052%	8h	267.90	−0.035%	$70.2M	$6.6M	200x	as long as short
Kraken Futures PF_BCHUSDshort	−0.0049%	1h	267.52	−0.176%	$854K	$3.1M	50x
Bitget BCHUSDT	−0.0007%	8h	267.33	−0.247%	$19.2M	$29.4M	75x	as long as short
Nado BCH-PERP	−0.0006%	1h	267.66	−0.125%	$439K	$421K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	267.78	−0.080%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.05	+0.021%	$1.1M	$10.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.75	−0.091%	$4K	—	150x	as long as short
OKX BCH-USDT-SWAP	+0.0021%	8h	267.50	−0.184%	$25.9M	$76.6M	50x	as long as short
BingX BCH-USDT	+0.0025%	8h	267.37	−0.233%	—	$31.2M	—	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	267.37	−0.233%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.823%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0067%	8h	267.33	−0.247%	$3.9M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	267.39	−0.227%	$368K	$529K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.70	−0.109%	$6.0M	$4.4M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.71	−0.107%	$177K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.49	−0.188%	$163K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	267.57	−0.158%	$9.0M	$7.6M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.78	−0.078%	$19K	$290K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.24	−0.281%	$2K	$1.9M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0224%	1h	267.69	−0.114%	$31K	—	100x	as long as short