BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0147%/8h= +16.0% APRnext payment +$0.18 per $10,000 · paid last 24h −0.013%

Price spread now: Kraken Futures against Injective−2.184%63s7-day average −0.149% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.265%−$26 on $10k

Price spread, last 4 days (all we have)+3.701%+$370 · spread now −2.184%, 7d avg −0.149%

Together, before fees+3.437%+$344 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 2.035% cheaper against Injective than usual: you would sell low and buy high (spread −2.184% now, against its 7-day average of −0.149%). If the spread goes back, that is −$204 on $10k: about 46 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.265%, so the current rate has only just turned in your favour. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BCH/USDC PERP	270.20	0.0033	pay 0.0004% / 1h	19m 50s	$721	$130K	12x
Short	Kraken Futures PF_BCHUSD	264.30	0.0180	get 0.0022% / 1h	19m 50s	$844K	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Injective. 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 InjectivebpFee Kraken FuturesbpOrdersPrice spread, now −2.184%Rate

Funding earned: $30.77
Price spread: −2.184% → −0.149%: −$203.5
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$182.75
Costs to cover: 0.100%
Break-even: 48.6 days

Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 4 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 4 min ago	6.28 bp	16.4 bp −$16	26.5 bp −$265	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
HTX BCH-USDT	−0.0227%	8h	264.11	−2.254%	$771K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0210%	1h	264.18	−2.228%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0177%	8h	264.23	−2.209%	$4.9M	$6.6M	50x	as long as short
Bitget BCHUSDT	−0.0107%	8h	264.37	−2.158%	$18.9M	$28.4M	75x	as long as short
KuCoin BCHUSDTM	−0.0097%	8h	264.42	−2.139%	$8.5M	$6.8M	75x	as long as short
SunX BCH-USDT	−0.0076%	8h	263.88	−2.339%	$2K	$1.7M	30x	as long as short
Variational Omni BCH	−0.0076%	8h	263.30	−2.552%	$81K	$196K	—	as long as short
OKX BCH-USDT-SWAP	−0.0073%	8h	264.20	−2.221%	$25.1M	$77.7M	50x	as long as short
Nado BCH-PERP	−0.0059%	1h	263.95	−2.314%	$432K	$354K	10x	as long as short
Binance BCHUSDT	−0.0050%	8h	264.40	−2.145%	$73.0M	$220.2M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0050%	8h	264.71	−2.032%	$70.3M	$8.4M	200x	as long as short
Extended BCH-USD	−0.0048%	1h	264.21	−2.216%	$115K	$1.1M	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0040%	1h	264.41	−2.143%	$217K	$1.9M	50x	as long as short
Bybit BCHUSDT	−0.0031%	8h	264.30	−2.184%	$38.9M	$31.7M	75x	as long as short
BingX BCH-USDT	−0.0023%	8h	264.37	−2.158%	—	$32.9M	—	as long as short
GRVT BCH_USDT_Perp	−0.0022%	8h	262.55	−2.831%	$383K	$17K	10x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.23	−2.209%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.00	−2.294%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.07	−2.269%	$982K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.29	−2.188%	$440K	$333K	25x	as long as short
Gate BCH_USDT	+0.0024%	8h	264.46	−2.124%	$8.3M	$13.9M	75x	as long as short
Injective BCH/USDC PERPlong	+0.0033%	1h	270.20	long leg	$721	$130K	12x
Orderly PERP_BCH_USDC	+0.0045%	8h	264.11	−2.254%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0065%	8h	264.35	−2.164%	$153K	$556K	75x	as long as short
BloFin BCH-USDT	+0.0070%	8h	263.43	−2.506%	$3.9M	$4.4M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.14	−2.244%	$353K	$497K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.51	−2.106%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	263.93	−2.319%	$159K	$306K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	262.51	−2.846%	$18K	$347K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	262.75	−2.757%	$94K	$237K	50x	as long as short
Kraken Futures PF_BCHUSDshort	+0.0180%	1h	264.30	−2.184%	$844K	$3.0M	50x
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.26	−2.198%	$12K	—	100x	as long as short