Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0262%/8h= +28.7% APRpaid last 24h +0.045%

Price spread now: Aster against Kraken Futures−0.030%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

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

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.247%+$25 on $10k

Price spread, last 4 days (all we have)−0.015%−$1 · spread now −0.030%, 7d avg −0.024%

Together, before fees+0.232%+ Points / potential airdropAster: Stage 5 · farm board+$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BCHUSD	264.78	−0.0220	get 0.0027% / 1h	52m 48s	$861K	$2.9M	50x
Short	Aster BCHUSDT	264.70	0.0042	get 0.0042% / 8h	52m 48s	$137K	$590K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.030%Rate

Funding earned: $54.95
Price spread: −0.030% → −0.024%: −$0.62
Slippage, 4 orders: −$35.06
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $1.26
Costs to cover: 0.531%
Break-even: 6.8 days

Slippage from Kraken Futures: live order book, 1 min ago; Aster: live order book, 50 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 Kraken Futures live order book, 1 min ago	6.04 bp	15.5 bp −$15	24.7 bp −$247	doesn't fit	doesn't fit
Sell Aster live order book, 50 min ago	5.29 bp	11.6 bp −$12	25.6 bp −$256	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	−0.0287%	1h	264.62	−0.061%	$2K	$8K	10x	as long as short
Kraken Futures PF_BCHUSDlong	−0.0220%	1h	264.78	long leg	$861K	$2.9M	50x
Phemex BCHUSDT	−0.0158%	8h	264.68	−0.038%	$4.9M	$6.6M	50x	as long as short
HTX BCH-USDT	−0.0134%	8h	264.56	−0.084%	$773K	$1.4M	75x	as long as short
Variational Omni BCH	−0.0106%	8h	264.20	−0.219%	$81K	$196K	—	as long as short
KuCoin BCHUSDTM	−0.0090%	8h	264.78	−0.001%	$8.5M	$6.6M	75x	as long as short
Bybit BCHUSDT	−0.0083%	8h	264.70	−0.031%	$38.9M	$31.7M	75x	as long as short
Bitget BCHUSDT	−0.0073%	8h	264.73	−0.020%	$18.9M	$28.2M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0065%	8h	264.60	−0.069%	$25.3M	$77.4M	50x	as long as short
MEXC BCH_USDT	−0.0049%	8h	265.14	+0.135%	$70.8M	$8.7M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0049%	8h	264.76	−0.008%	$73.0M	$219.1M	75x	as long as short
Extended BCH-USD	−0.0048%	1h	264.68	−0.038%	$111K	$891K	25x	as long as short
BingX BCH-USDC	−0.0036%	8h	264.83	+0.018%	—	$6.5M	—	as long as short
GRVT BCH_USDT_Perp	−0.0034%	8h	264.81	+0.010%	$386K	$17K	10x	as long as short
Gate BCH_USDT	−0.0017%	8h	264.84	+0.022%	$8.4M	$13.4M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.78	−0.001%	$15K	—	150x	as long as short
Pacifica BCH	−0.0003%	1h	264.79	+0.003%	$159K	$311K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	264.98	+0.073%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.10	+0.120%	$991K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.71	−0.026%	$441K	$337K	25x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.046%	$721	$130K	12x	as long as short
Aster BCHUSDTshort	+0.0042%	8h	264.70	−0.030%	$137K	$590K	75x
Nado BCH-PERP	+0.0044%	1h	264.74	−0.015%	$434K	$357K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0045%	8h	264.57	−0.080%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0071%	8h	264.67	−0.042%	$3.9M	$4.5M	50x	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	265.90	+0.422%	$225K	$1.9M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.68	−0.039%	$353K	$469K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.92	+0.052%	$5.7M	$4.7M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.67	−0.041%	$19K	$344K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.87	+0.033%	$95K	$240K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	264.45	−0.125%	$1K	$1.7M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.76	−0.008%	$12K	—	100x	as long as short