Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h +0.067%

Price spread now: BloFin against Kraken Futures−0.169%57s7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$550.550% of the position

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.310%+$31 on $10k

Price spread, last 3 days (all we have)+0.198%+$20 · spread now −0.169%, 7d avg −0.057%

Together, before fees+0.508%+$51 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.112% cheaper against Kraken Futures than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.057%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.310%, so the current rate has only just turned against you. The two prices were read 57 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	Kraken Futures PF_BCHUSD	268.96	0.0074	pay 0.0009% / 1h	24m 19s	$806K	$3.2M	50x
Short	BloFin BCH-USDT	268.50	0.0013	get 0.0013% / 8h	2h 24m	$4.0M	$4.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.169%Rate

Funding earned: −$12.64
Price spread: −0.169% → −0.057%: −$11.24
Slippage, 4 orders: −$33
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$78.88
Costs to cover: 0.550%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; BloFin: 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 Kraken Futures live order book, 4 min ago	4.84 bp	20.3 bp −$20	29.4 bp −$294	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.19 bp	12.4 bp −$12	20.8 bp −$208	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	−0.0330%	1h	268.76	−0.071%	$440K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	267.23	−0.642%	$713	$80K	12x	as long as short
Phemex BCHUSDT	−0.0207%	8h	268.52	−0.162%	$4.9M	$6.2M	50x	as long as short
SoDEX BCH-USD	−0.0149%	1h	268.70	−0.095%	$2K	$6K	10x	as long as short
MEXC BCH_USDT	−0.0106%	8h	269.17	+0.080%	$71.4M	$6.4M	200x	as long as short
Binance BCHUSDT	−0.0106%	8h	268.65	−0.114%	$74.1M	$229.3M	75x	as long as short
Extended BCH-USD	−0.0104%	1h	268.59	−0.137%	$105K	$643K	25x	as long as short
Variational Omni BCH	−0.0076%	8h	268.64	−0.117%	$85K	$291K	—	as long as short
Bitget BCHUSDT	−0.0044%	8h	268.61	−0.129%	$19.9M	$28.9M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0038%	8h	268.15	−0.299%	$391K	$17K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BCHUSDT	−0.0036%	8h	268.59	−0.136%	$39.5M	$32.1M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	268.82	−0.050%	$246K	$2.1M	50x	as long as short
Gate BCH_USDT	−0.0020%	8h	268.65	−0.114%	$8.4M	$14.4M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	268.78	−0.064%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.13	+0.065%	$1.1M	$11.3M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.77	−0.069%	$4K	—	150x	as long as short
BingX BCH-USDC	+0.0002%	8h	268.70	−0.095%	—	$6.5M	—	as long as short
OKX BCH-USDT-SWAP	+0.0011%	8h	268.70	−0.095%	$26.3M	$76.1M	50x	as long as short
BloFin BCH-USDTshort	+0.0013%	8h	268.50	−0.169%	$4.0M	$4.1M	50x
Orderly PERP_BCH_USDC	+0.0028%	8h	268.68	−0.103%	$2K	$176	10x	as long as short
Kraken Futures PF_BCHUSDlong	+0.0074%	1h	268.96	long leg	$806K	$3.2M	50x
Nado BCH-PERP	+0.0087%	1h	268.60	−0.134%	$440K	$427K	10x	as long as short
Lighter BCH	+0.0096%	1h	268.68	−0.104%	$377K	$581K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.87	−0.032%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.77	−0.070%	$235K	$660K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.65	−0.112%	$169K	$461K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.73	−0.084%	$8.9M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.14	−0.304%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.22	−0.274%	$73K	$213K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.53	−0.158%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.47	−0.181%	$773K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0372% / S −0.0574%	1h	268.81	−0.055%	$26K	—	100x	as long as short