Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0098%/8h= −10.7% APRpaid last 24h −0.035%

Price spread now: Kraken Futures against MEXC−0.163%7-day average −0.141% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$420.416% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 3 days (all we have)+0.092%+$9 · spread now −0.163%, 7d avg −0.141%

Together, before fees+0.016%+$2 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 0.022% cheaper against MEXC than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.141%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BCH_USDT	271.46	−0.0026	get 0.0026% / 8h	49m 35s	$71.1M	$6.6M	200x
Short	Kraken Futures PF_BCHUSD	271.02	−0.0124	pay 0.0015% / 1h	49m 35s	$821K	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now −0.163%Rate

Funding earned: −$20.55
Price spread: −0.163% → −0.141%: −$2.25
Slippage, 4 orders: −$27.6
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$64.4
Costs to cover: 0.416%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Kraken Futures: 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 MEXC live order book, 4 min ago	2.94 bp	5.5 bp −$6	15.5 bp −$155	37.0 bp −$3,699	75.2 bp −$37.6K
Sell Kraken Futures live order book, 4 min ago	5.89 bp	13.1 bp −$13	27.1 bp −$271	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	−0.0565%	1h	270.87	−0.218%	$458K	$266K	25x	as long as short
Phemex BCHUSDT	−0.0190%	8h	270.75	−0.262%	$4.9M	$6.5M	50x	as long as short
Variational Omni BCH	−0.0136%	8h	270.92	−0.200%	$83K	$294K	—	as long as short
Kraken Futures PF_BCHUSDshort	−0.0124%	1h	271.02	−0.163%	$821K	$3.2M	50x
SoDEX BCH-USD	−0.0087%	1h	270.69	−0.284%	$2K	$6K	10x	as long as short
Bybit BCHUSDT	−0.0077%	8h	270.80	−0.243%	$39.6M	$33.2M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	−0.464%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	271.38	−0.029%	$241K	$2.1M	50x	as long as short
Binance BCHUSDT	−0.0027%	8h	270.98	−0.177%	$75.6M	$235.0M	75x	as long as short
MEXC BCH_USDTlong	−0.0026%	8h	271.46	long leg	$71.1M	$6.6M	200x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0024%	1h	270.73	−0.269%	$117K	$653K	25x	as long as short
dYdX BCH-USD	0.0000%	1h	270.96	−0.186%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	271.19	−0.099%	$1.3M	$11.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	271.05	−0.151%	$5K	—	150x	as long as short
Gate BCH_USDT	+0.0012%	8h	270.82	−0.236%	$8.4M	$14.4M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0024%	8h	270.84	−0.228%	$2K	$176	10x	as long as short
GRVT BCH_USDT_Perp	+0.0030%	8h	271.04	−0.155%	$395K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0036%	8h	270.88	−0.214%	$19.6M	$29.6M	75x	as long as short
ApeX Omni BCHUSDT	+0.0037%	1h	271.46	0.000%	$74K	$214K	50x	as long as short
OKX BCH-USDT-SWAP	+0.0057%	8h	270.80	−0.243%	$26.6M	$79.3M	50x	as long as short
BingX BCH-USDC	+0.0059%	8h	270.86	−0.221%	—	$6.5M	—	as long as short
BloFin BCH-USDT	+0.0094%	8h	270.87	−0.217%	$4.0M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	270.97	−0.181%	$375K	$554K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	270.95	−0.186%	$442K	$430K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	271.29	−0.063%	$6.1M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	271.09	−0.138%	$217K	$705K	75x	as long as short
Pacifica BCH	+0.0100%	1h	270.99	−0.173%	$165K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	271.04	−0.155%	$9.3M	$7.9M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	270.96	−0.184%	$19K	$290K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	270.71	−0.276%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	270.65	−0.298%	$778K	$1.7M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0335% / S −0.0340%	1h	271.03	−0.159%	$27K	—	100x	as long as short