BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0098%/8h= −10.7% APRnext payment −$0.12 per $10,000 · paid last 24h +0.018%

Price spread now: Coinbase International against Kraken Futures−0.095%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$580.582% of the position

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 3 days (all we have)+0.049%+$5 · spread now −0.095%, 7d avg −0.019%

Together, before fees+0.151%+$15 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 Coinbase International is 0.076% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.019%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.103%, 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	268.15	0.0074	pay 0.0009% / 1h	30m 11s	$804K	$3.2M	50x
Short	Coinbase International BCH-PERP-INTX	267.90	−0.0024	pay 0.0003% / 1h	30m 11s	$246K	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.095%Rate

Funding earned: −$20.55
Price spread: −0.095% → −0.019%: −$7.63
Slippage, 4 orders: −$38.16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$86.34
Costs to cover: 0.582%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Coinbase International: 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	4.66 bp	22.1 bp −$22	33.7 bp −$337	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	4.66 bp	12.9 bp −$13	17.9 bp −$179	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	−0.0395%	1h	267.96	−0.072%	$438K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	267.23	−0.345%	$713	$80K	12x	as long as short
Phemex BCHUSDT	−0.0202%	8h	267.81	−0.128%	$4.9M	$6.2M	50x	as long as short
SoDEX BCH-USD	−0.0183%	1h	267.81	−0.128%	$2K	$6K	10x	as long as short
Binance BCHUSDT	−0.0113%	8h	267.70	−0.169%	$73.9M	$229.0M	75x	as long as short
MEXC BCH_USDT	−0.0113%	8h	268.35	+0.073%	$71.1M	$6.4M	200x	as long as short
Extended BCH-USD	−0.0112%	1h	267.78	−0.138%	$105K	$643K	25x	as long as short
Variational Omni BCH	−0.0078%	8h	267.84	−0.118%	$85K	$291K	—	as long as short
Bybit BCHUSDT	−0.0053%	8h	267.65	−0.188%	$39.4M	$32.0M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0050%	8h	267.74	−0.156%	$390K	$17K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BCHUSDT	−0.0046%	8h	267.64	−0.192%	$20.0M	$28.8M	75x	as long as short
Gate BCH_USDT	−0.0030%	8h	267.78	−0.140%	$8.4M	$14.4M	75x	as long as short
Coinbase International BCH-PERP-INTXshort	−0.0024%	1h	267.90	−0.095%	$246K	$2.0M	50x
BingX BCH-USDT	−0.0003%	8h	267.77	−0.143%	—	$32.1M	—	as long as short
OKX BCH-USDT-SWAP	0.0000%	8h	267.70	−0.169%	$26.2M	$75.8M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	268.19	+0.012%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.31	+0.058%	$1.1M	$11.3M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.07	−0.030%	$4K	—	150x	as long as short
BloFin BCH-USDT	+0.0007%	8h	267.91	−0.091%	$4.0M	$4.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	267.88	−0.102%	$2K	$176	10x	as long as short
Kraken Futures PF_BCHUSDlong	+0.0074%	1h	268.15	long leg	$804K	$3.2M	50x
Nado BCH-PERP	+0.0076%	1h	267.91	−0.090%	$439K	$427K	10x	as long as short
KuCoin BCHUSDTM	+0.0094%	8h	267.79	−0.136%	$8.9M	$8.0M	75x	as long as short
Lighter BCH	+0.0096%	1h	267.85	−0.115%	$375K	$580K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.06	−0.035%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.00	−0.059%	$234K	$660K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.08	−0.028%	$169K	$460K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.84	−0.118%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	267.82	−0.125%	$73K	$213K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.70	−0.169%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.76	−0.147%	$771K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0372% / S −0.0574%	1h	268.01	−0.055%	$26K	—	100x	as long as short