Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0026%/8h= +2.9% APRpaid last 24h +0.037%

Price spread now: edgeX against Kraken Futures−0.170%76s7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as 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−$570.575% of the position

Long on Kraken Futures Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.236%+$24 on $10k

Price spread, last 3 days (all we have)+0.247%+$25 · spread now −0.170%, 7d avg −0.072%

Together, before fees+0.483%+ Points / potential airdropedgeX: Active · farm board+$48 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.099% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.170% now, against its 7-day average of −0.072%). If the spread goes back, that is −$10 on $10k: about 13 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.236% in total) that is about 2.9 days. The two prices were read 76 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	268.22	0.0074	pay 0.0009% / 1h	28m 15s	$804K	$3.2M	50x
Short	edgeX BCHUSDC	267.76	0.0100	get 0.0050% / 4h	2h 28m	$19K	$290K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.170%Rate

Funding earned: $5.49
Price spread: −0.170% → −0.072%: −$9.87
Slippage, 4 orders: −$38.47
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$61.85
Costs to cover: 0.575%
Break-even: 85.8 days

Slippage from Kraken Futures: live order book, 6 min ago; edgeX: live order book, 59 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, 6 min ago	4.66 bp	22.1 bp −$22	33.7 bp −$337	doesn't fit	doesn't fit
Sell edgeX live order book, 59 min ago	7.48 bp	12.0 bp −$12	14.8 bp −$148	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	−0.0380%	1h	268.02	−0.073%	$438K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	267.23	−0.369%	$713	$80K	12x	as long as short
Phemex BCHUSDT	−0.0208%	8h	267.82	−0.149%	$4.9M	$6.2M	50x	as long as short
SoDEX BCH-USD	−0.0180%	1h	267.94	−0.105%	$2K	$6K	10x	as long as short
Extended BCH-USD	−0.0112%	1h	267.85	−0.140%	$105K	$643K	25x	as long as short
Binance BCHUSDT	−0.0111%	8h	267.94	−0.105%	$74.0M	$229.2M	75x	as long as short
MEXC BCH_USDT	−0.0111%	8h	268.45	+0.085%	$71.1M	$6.4M	200x	as long as short
Variational Omni BCH	−0.0078%	8h	267.84	−0.143%	$85K	$291K	—	as long as short
Bybit BCHUSDT	−0.0047%	8h	267.85	−0.138%	$39.4M	$32.1M	75x	as long as short
Bitget BCHUSDT	−0.0046%	8h	267.79	−0.161%	$19.9M	$28.9M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BCH_USDT_Perp	−0.0044%	8h	267.93	−0.107%	$390K	$17K	10x	as long as short
Gate BCH_USDT	−0.0028%	8h	267.86	−0.134%	$8.4M	$14.4M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	268.19	−0.011%	$246K	$2.1M	50x	as long as short
BingX BCH-USDC	−0.0007%	8h	267.93	−0.108%	—	$6.5M	—	as long as short
dYdX BCH-USD	0.0000%	1h	268.28	+0.023%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.30	+0.030%	$1.0M	$11.4M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.97	−0.092%	$4K	—	150x	as long as short
OKX BCH-USDT-SWAP	+0.0003%	8h	267.90	−0.120%	$26.3M	$75.8M	50x	as long as short
BloFin BCH-USDT	+0.0008%	8h	268.15	−0.026%	$4.0M	$4.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	267.83	−0.146%	$2K	$176	10x	as long as short
Kraken Futures PF_BCHUSDlong	+0.0074%	1h	268.22	long leg	$804K	$3.2M	50x
Nado BCH-PERP	+0.0077%	1h	267.85	−0.140%	$438K	$427K	10x	as long as short
Lighter BCH	+0.0096%	1h	267.99	−0.087%	$376K	$580K	10x	as long as short
KuCoin BCHUSDTM	+0.0096%	8h	268.29	+0.026%	$8.9M	$8.0M	75x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.19	−0.011%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.91	−0.114%	$234K	$659K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.27	+0.020%	$169K	$461K	10x	as long as short
edgeX BCHUSDCshort	+0.0100%	4h	267.76	−0.170%	$19K	$290K	20x
ApeX Omni BCHUSDT	+0.0100%	1h	267.94	−0.105%	$73K	$213K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.83	−0.146%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.96	−0.097%	$772K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0372% / S −0.0574%	1h	267.98	−0.088%	$26K	—	100x	as long as short