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 +0.029%

Price spread now: SunX against Kraken Futures−0.165%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1011.010% of the position

Long on Kraken Futures Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.228%+$23 on $10k

Price spread, last 3 days (all we have)+0.160%+$16 · spread now −0.165%, 7d avg −0.080%

Together, before fees+0.387%+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.085% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.165% now, against its 7-day average of −0.080%). If the spread goes back, that is −$8 on $10k: about 11 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.228% in total) that is about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BCHUSD	269.09	0.0074	pay 0.0009% / 1h	22m 57s	$806K	$3.2M	50x
Short	SunX BCH-USDT	268.65	0.0100	get 0.0100% / 8h	2h 22m	$2K	$2.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.165%Rate

Funding earned: $5.54
Price spread: −0.165% → −0.080%: −$8.47
Slippage, 4 orders: −$83.01
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$103.94
Costs to cover: 1.010%
Break-even: 138.2 days

Slippage from Kraken Futures: live order book, 6 min ago; SunX: 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, 6 min ago	4.84 bp	20.3 bp −$20	29.4 bp −$294	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	19.75 bp	28.9 bp −$29	doesn't fit	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	−0.0334%	1h	268.88	−0.080%	$440K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	268.50	−0.220%	$716	$110K	12x	as long as short
Phemex BCHUSDT	−0.0208%	8h	268.68	−0.153%	$4.9M	$6.3M	50x	as long as short
SoDEX BCH-USD	−0.0141%	1h	268.74	−0.131%	$2K	$6K	10x	as long as short
Binance BCHUSDT	−0.0106%	8h	268.74	−0.131%	$74.1M	$229.4M	75x	as long as short
MEXC BCH_USDT	−0.0105%	8h	269.34	+0.092%	$71.4M	$6.4M	200x	as long as short
Extended BCH-USD	−0.0104%	1h	268.70	−0.148%	$105K	$643K	25x	as long as short
Variational Omni BCH	−0.0076%	8h	268.64	−0.168%	$85K	$291K	—	as long as short
Bitget BCHUSDT	−0.0044%	8h	268.80	−0.109%	$19.9M	$28.9M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0038%	8h	268.15	−0.350%	$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	−0.0033%	8h	268.69	−0.150%	$39.5M	$32.1M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	268.82	−0.101%	$246K	$2.1M	50x	as long as short
Gate BCH_USDT	−0.0017%	8h	268.78	−0.116%	$8.4M	$14.4M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	268.82	−0.101%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.99	−0.038%	$1.1M	$11.3M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.97	−0.047%	$4K	—	150x	as long as short
BingX BCH-USDC	+0.0002%	8h	268.72	−0.139%	—	$6.5M	—	as long as short
OKX BCH-USDT-SWAP	+0.0013%	8h	268.70	−0.146%	$26.4M	$76.1M	50x	as long as short
BloFin BCH-USDT	+0.0014%	8h	268.82	−0.101%	$4.0M	$4.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	268.86	−0.086%	$2K	$176	10x	as long as short
Kraken Futures PF_BCHUSDlong	+0.0074%	1h	269.09	long leg	$806K	$3.2M	50x
Nado BCH-PERP	+0.0090%	1h	268.71	−0.141%	$440K	$427K	10x	as long as short
Lighter BCH	+0.0096%	1h	268.85	−0.091%	$377K	$581K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.07	−0.008%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.85	−0.092%	$235K	$660K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.84	−0.095%	$170K	$461K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.83	−0.098%	$8.9M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.14	−0.355%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.22	−0.324%	$73K	$213K	50x	as long as short
SunX BCH-USDTshort	+0.0100%	8h	268.65	−0.165%	$2K	$2.0M	30x
HTX BCH-USDT	+0.0100%	8h	268.73	−0.135%	$774K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0373% / S −0.0574%	1h	268.90	−0.071%	$26K	—	100x	as long as short