Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0089%/8h= −9.8% APRpaid last 24h +0.018%

Price spread now: Binance against Kraken Futures−0.098%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$460.465% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 4 days (all we have)+0.197%+$20 · spread now −0.098%, 7d avg −0.050%

Together, before fees+0.295%+$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.049% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.050%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.098%, 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	Kraken Futures PF_BCHUSD	270.30	0.0024	pay 0.0003% / 1h	57m 51s	$876K	$2.5M	50x
Short	Binance BCHUSDT	270.03	−0.0065	pay 0.0065% / 8h	5h 57m	$74.3M	$201.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.098%Rate

Funding earned: −$18.77
Price spread: −0.098% → −0.050%: −$4.87
Slippage, 4 orders: −$26.49
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$70.14
Costs to cover: 0.465%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Binance: live order book, 9 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, 4 min ago	4.99 bp	16.2 bp −$16	27.2 bp −$272	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.19 bp	8.2 bp −$8	16.7 bp −$167	57.0 bp −$5,705	134.0 bp −$67.0K

BCH on 32 exchanges

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	−0.0546%	1h	270.20	−0.035%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0328%	8h	270.03	−0.098%	$4.9M	$6.3M	50x	as long as short
Variational Omni BCH	−0.0133%	8h	270.49	+0.071%	$147K	$223K	—	as long as short
OKX BCH-USDT-SWAP	−0.0113%	8h	269.90	−0.146%	$26.0M	$75.7M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0112%	1h	270.31	+0.005%	$426K	$356K	25x	as long as short
Bybit BCHUSDT	−0.0096%	8h	270.03	−0.098%	$39.5M	$30.9M	75x	as long as short
Binance BCHUSDTshort	−0.0065%	8h	270.03	−0.098%	$74.3M	$201.3M	75x
Extended BCH-USD	−0.0064%	1h	269.91	−0.141%	$118K	$919K	25x	as long as short
MEXC BCH_USDT	−0.0064%	8h	270.82	+0.194%	$73.6M	$9.3M	200x	as long as short
GRVT BCH_USDT_Perp	−0.0059%	8h	270.98	+0.254%	$395K	$17K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0048%	8h	270.06	−0.087%	$8.2M	$12.2M	75x	as long as short
BingX BCH-USDC	−0.0010%	8h	270.12	−0.065%	—	$6.5M	—	as long as short
KuCoin BCHUSDTM	−0.0008%	8h	270.29	−0.002%	$8.9M	$5.5M	75x	as long as short
Bitget BCHUSDT	−0.0005%	8h	269.93	−0.135%	$19.5M	$26.2M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0003% / S +0.0007%	1h	270.41	+0.043%	$18K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	271.32	+0.377%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	270.65	+0.131%	$1.0M	$8.7M	2.7x	as long as short
HTX BCH-USDT	+0.0007%	8h	270.34	+0.016%	$790K	$1.2M	75x	as long as short
Kraken Futures PF_BCHUSDlong	+0.0024%	1h	270.30	long leg	$876K	$2.5M	50x
Pacifica BCH	+0.0033%	1h	270.37	+0.026%	$156K	$270K	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	−0.035%	$721	$130K	12x	as long as short
Aster BCHUSDT	+0.0038%	8h	270.06	−0.087%	$147K	$508K	75x	as long as short
Orderly PERP_BCH_USDC	+0.0041%	8h	270.16	−0.050%	$2K	$540	10x	as long as short
BloFin BCH-USDT	+0.0056%	8h	270.74	+0.164%	$3.6M	$5.4M	50x	as long as short
Lighter BCH	+0.0096%	1h	270.12	−0.065%	$395K	$431K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	270.33	+0.014%	$461K	$373K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	270.21	−0.032%	$6.0M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	270.50	+0.074%	$19K	$347K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	270.62	+0.120%	$98K	$245K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	270.14	−0.058%	$1K	$1.4M	30x	as long as short
Coinbase International BCH-PERP-INTX	+0.0200%	1h	271.70	+0.520%	$359K	$2.1M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0227% / S −0.0201%	1h	270.87	+0.212%	$15K	—	100x	as long as short