Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0090%/8h= −9.9% APRpaid last 24h −0.026%

Price spread now: Kraken Futures against KuCoin+0.001%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$620.621% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.204%−$20 on $10k

Price spread, last 4 days (all we have)−0.231%−$23 · spread now +0.001%, 7d avg +0.031%

Together, before fees−0.435%−$44 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 Kraken Futures is 0.029% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.031%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BCHUSDTM	268.56	−0.0067	get 0.0067% / 8h	7h 46m	$8.6M	$6.2M	75x
Short	Kraken Futures PF_BCHUSD	268.56	−0.0157	pay 0.0020% / 1h	46m 46s	$872K	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$18.96
Price spread: +0.001% → +0.031%: −$2.92
Slippage, 4 orders: −$40.06
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$83.95
Costs to cover: 0.621%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Kraken Futures: 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 KuCoin live order book, 1 min ago	2.98 bp	17.8 bp −$18	55.2 bp −$552	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	5.77 bp	10.8 bp −$11	24.0 bp −$240	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
Phemex BCHUSDT	−0.0429%	8h	268.37	−0.071%	$5.0M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0274%	1h	268.31	−0.093%	$2K	$8K	10x	as long as short
Kraken Futures PF_BCHUSDshort	−0.0157%	1h	268.56	+0.001%	$872K	$2.7M	50x
Variational Omni BCH	−0.0133%	8h	268.11	−0.169%	$146K	$259K	—	as long as short
OKX BCH-USDT-SWAP	−0.0082%	8h	268.00	−0.209%	$25.4M	$78.7M	50x	as long as short
Bitget BCHUSDT	−0.0068%	8h	268.20	−0.134%	$19.4M	$27.1M	75x	as long as short
KuCoin BCHUSDTMlong	−0.0067%	8h	268.56	long leg	$8.6M	$6.2M	75x
Extended BCH-USD	−0.0048%	1h	268.10	−0.170%	$119K	$912K	25x	as long as short
Binance BCHUSDT	−0.0044%	8h	268.14	−0.157%	$74.2M	$215.9M	75x	as long as short
MEXC BCH_USDT	−0.0044%	8h	268.76	+0.074%	$72.6M	$9.2M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BCH-USDC	−0.0032%	8h	268.31	−0.093%	—	$6.5M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	268.62	+0.022%	$15K	—	150x	as long as short
Pacifica BCH	−0.0002%	1h	268.16	−0.149%	$156K	$296K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	268.39	−0.061%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.67	+0.041%	$1.0M	$9.1M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	268.49	−0.027%	$422K	$359K	25x	as long as short
GRVT BCH_USDT_Perp	+0.0006%	8h	268.29	−0.100%	$391K	$17K	10x	as long as short
Aster BCHUSDT	+0.0018%	8h	268.21	−0.129%	$141K	$573K	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.611%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0045%	8h	268.37	−0.071%	$2K	—	10x	as long as short
Bybit BCHUSDT	+0.0064%	8h	268.15	−0.153%	$39.6M	$32.1M	75x	as long as short
BloFin BCH-USDT	+0.0076%	8h	268.29	−0.101%	$3.6M	$4.9M	50x	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	268.81	+0.093%	$305K	$2.1M	50x	as long as short
Nado BCH-PERP	+0.0093%	1h	268.39	−0.064%	$431K	$353K	10x	as long as short
Lighter BCH	+0.0096%	1h	268.25	−0.116%	$375K	$492K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.46	−0.037%	$5.9M	$4.7M	10x	as long as short
Gate BCH_USDT	+0.0100%	8h	268.36	−0.074%	$8.4M	$12.9M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.14	−0.157%	$19K	$345K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.45	−0.041%	$97K	$241K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.16	−0.149%	$1K	$1.6M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.37	−0.071%	$781K	$1.4M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0203% / S −0.0147%	1h	268.53	−0.010%	$13K	—	100x	as long as short