Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0239%/8h= +26.2% APRpaid last 24h +0.022%

Price spread now: Bybit against Kraken Futures−0.074%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$550.549% of the position

Long on Kraken Futures Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 3 days (all we have)+0.019%+$2 · spread now −0.074%, 7d avg −0.073%

Together, before fees+0.131%+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.073%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.113% in total (about 5.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BCHUSD	265.20	−0.0300	get 0.0037% / 1h	5m 22s	$851K	$3.0M	50x
Short	Bybit BCHUSDT	265.00	−0.0060	pay 0.0060% / 8h	6h 05m	$39.2M	$31.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.074%Rate

Funding earned: $50.26
Price spread: −0.074% → −0.073%: −$0.14
Slippage, 4 orders: −$33.9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$4.79
Costs to cover: 0.549%
Break-even: 7.7 days

Slippage from Kraken Futures: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago	6.61 bp	15.2 bp −$15	23.0 bp −$230	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.89 bp	8.9 bp −$9	17.0 bp −$170	65.9 bp −$6,590	doesn't fit

BCH on 31 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
SunX BCH-USDT	−0.1475%	8h	264.72	−0.180%	$2K	$1.8M	30x	as long as short
SoDEX BCH-USD	−0.0514%	1h	264.86	−0.127%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0463%	8h	264.63	−0.213%	$4.9M	$6.6M	50x	as long as short
HTX BCH-USDT	−0.0443%	8h	264.41	−0.296%	$774K	$1.5M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0316%	1h	265.00	−0.073%	$448K	$254K	25x	as long as short
Kraken Futures PF_BCHUSDlong	−0.0300%	1h	265.20	long leg	$851K	$3.0M	50x
GRVT BCH_USDT_Perp	−0.0207%	8h	264.26	−0.353%	$385K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0137%	1h	264.82	−0.142%	$96K	$226K	50x	as long as short
Gate BCH_USDT	−0.0126%	8h	264.95	−0.093%	$8.4M	$13.6M	75x	as long as short
Variational Omni BCH	−0.0114%	8h	264.50	−0.261%	$81K	$201K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0112%	1h	264.79	−0.153%	$112K	$957K	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0112%	1h	264.66	−0.202%	$231K	$1.8M	50x	as long as short
Binance BCHUSDT	−0.0109%	8h	264.85	−0.130%	$71.7M	$219.4M	75x	as long as short
MEXC BCH_USDT	−0.0109%	8h	265.09	−0.040%	$69.9M	$7.1M	200x	as long as short
Nado BCH-PERP	−0.0085%	1h	264.71	−0.181%	$418K	$348K	10x	as long as short
Bybit BCHUSDTshort	−0.0060%	8h	265.00	−0.074%	$39.2M	$31.6M	75x
OKX BCH-USDT-SWAP	−0.0057%	8h	264.80	−0.149%	$25.2M	$74.6M	50x	as long as short
Bitget BCHUSDT	−0.0050%	8h	264.85	−0.130%	$19.0M	$28.4M	75x	as long as short
BingX BCH-USDT	−0.0038%	8h	264.90	−0.112%	—	$32.3M	—	as long as short
KuCoin BCHUSDTM	−0.0007%	8h	264.77	−0.161%	$8.6M	$7.5M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	264.95	−0.093%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.88	−0.119%	$1.1M	$10.2M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.04	−0.059%	$4K	—	150x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.887%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0035%	8h	264.86	−0.127%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0040%	1h	264.78	−0.158%	$161K	$379K	10x	as long as short
Lighter BCH	+0.0096%	1h	264.78	−0.156%	$364K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.12	−0.029%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	264.95	−0.093%	$168K	$697K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.65	−0.204%	$19K	$292K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.10	−0.035%	$25K	—	100x	as long as short