Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.033%

Price spread now: Gate against Kraken Futures−0.106%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$560.564% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.106%, 7d avg −0.046%

Together, before fees+0.134%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.060% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.106% now, against its 7-day average of −0.046%). If the spread goes back, that is −$6 on $10k: about 6.7 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BCHUSD	266.21	−0.0051	get 0.0006% / 1h	31m 14s	$855K	$3.0M	50x
Short	Gate BCH_USDT	265.93	−0.0021	pay 0.0021% / 8h	3h 31m	$8.4M	$13.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.106%Rate

Funding earned: $6.32
Price spread: −0.106% → −0.046%: −$6.05
Slippage, 4 orders: −$31.41
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$56.14
Costs to cover: 0.564%
Break-even: 69.2 days

Slippage from Kraken Futures: live order book, 3 min ago; Gate: live order book, 2 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	4.71 bp	17.3 bp −$17	26.8 bp −$268	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	1.88 bp	11.8 bp −$12	19.8 bp −$198	60.3 bp −$6,034	86.1 bp −$43.0K

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
Phemex BCHUSDT	−0.0258%	8h	266.00	−0.080%	$5.0M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0221%	8h	265.92	−0.110%	$776K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0204%	1h	265.97	−0.091%	$2K	$8K	10x	as long as short
Nado BCH-PERP	−0.0191%	1h	265.70	−0.194%	$432K	$346K	10x	as long as short
SunX BCH-USDT	−0.0185%	8h	265.21	−0.377%	$2K	$1.7M	30x	as long as short
OKX BCH-USDT-SWAP	−0.0085%	8h	265.90	−0.118%	$25.2M	$76.5M	50x	as long as short
KuCoin BCHUSDTM	−0.0082%	8h	265.93	−0.106%	$8.5M	$6.9M	75x	as long as short
Bitget BCHUSDT	−0.0076%	8h	265.91	−0.114%	$19.0M	$28.3M	75x	as long as short
Extended BCH-USD	−0.0072%	1h	265.87	−0.128%	$113K	$956K	25x	as long as short
MEXC BCH_USDT	−0.0072%	8h	266.42	+0.078%	$70.5M	$7.9M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0070%	8h	266.02	−0.071%	$72.2M	$215.6M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	265.72	−0.185%	$219K	$1.8M	50x	as long as short
Variational Omni BCH	−0.0060%	8h	265.90	−0.116%	$81K	$196K	—	as long as short
Kraken Futures PF_BCHUSDlong	−0.0051%	1h	266.21	long leg	$855K	$3.0M	50x
GRVT BCH_USDT_Perp	−0.0043%	8h	265.22	−0.373%	$387K	$17K	10x	as long as short
Gate BCH_USDTshort	−0.0021%	8h	265.93	−0.106%	$8.4M	$13.6M	75x
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	266.02	−0.072%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.32	−0.336%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.70	−0.193%	$1.0M	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	266.18	−0.012%	$445K	$332K	25x	as long as short
BingX BCH-USDC	+0.0011%	8h	265.97	−0.091%	—	$6.5M	—	as long as short
Bybit BCHUSDT	+0.0022%	8h	265.87	−0.129%	$39.2M	$31.2M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.498%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	265.97	−0.091%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0050%	8h	265.98	−0.088%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0086%	8h	265.91	−0.113%	$150K	$545K	75x	as long as short
Lighter BCH	+0.0096%	1h	266.01	−0.075%	$360K	$492K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.20	−0.005%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	265.41	−0.303%	$160K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.11	−0.413%	$18K	$314K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.32	−0.335%	$97K	$234K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0359% / S −0.0530%	1h	266.05	−0.060%	$25K	—	100x	as long as short