Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0110%/8h= +12.0% APRpaid last 24h −0.035%

Price spread now: Kraken Futures against OKX+0.205%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$500.498% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.141%−$14 on $10k

Price spread, last 4 days (all we have)−0.277%−$28 · spread now +0.205%, 7d avg +0.080%

Together, before fees−0.417%−$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.124% dearer against OKX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.080%. Mind the row above: over the last 7 days funding on this pair cost −0.141%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BCH-USDT-SWAP	264.90	−0.0099	get 0.0099% / 8h	4h 25m	$25.0M	$74.6M	50x
Short	Kraken Futures PF_BCHUSD	265.44	0.0011	get 0.0001% / 1h	25m 50s	$850K	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.205%Rate

Funding earned: $23.05
Price spread: +0.205% → +0.080%: $12.44
Slippage, 4 orders: −$29.77
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$14.28
Costs to cover: 0.498%
Break-even: 11.3 days

Slippage from OKX: live order book, 3 min ago; Kraken Futures: 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 OKX live order book, 3 min ago	1.88 bp	10.5 bp −$11	20.6 bp −$206	104.4 bp −$10.4K	doesn't fit
Sell Kraken Futures live order book, 3 min ago	6.20 bp	14.2 bp −$14	26.4 bp −$264	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
SunX BCH-USDT	−0.0548%	8h	265.11	+0.079%	$1K	$1.7M	30x	as long as short
Phemex BCHUSDT	−0.0300%	8h	265.19	+0.109%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0261%	8h	265.04	+0.053%	$773K	$1.4M	75x	as long as short
Nado BCH-PERP	−0.0258%	1h	265.06	+0.059%	$428K	$341K	10x	as long as short
SoDEX BCH-USD	−0.0218%	1h	265.20	+0.113%	$2K	$8K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	265.29	+0.147%	$219K	$1.8M	50x	as long as short
OKX BCH-USDT-SWAPlong	−0.0099%	8h	264.90	long leg	$25.0M	$74.6M	50x
KuCoin BCHUSDTM	−0.0090%	8h	265.48	+0.219%	$8.5M	$7.0M	75x	as long as short
Binance BCHUSDT	−0.0090%	8h	265.07	+0.066%	$72.1M	$214.2M	75x	as long as short
MEXC BCH_USDT	−0.0089%	8h	265.60	+0.264%	$70.3M	$7.8M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0088%	1h	264.94	+0.016%	$115K	$950K	25x	as long as short
GRVT BCH_USDT_Perp	−0.0078%	8h	265.65	+0.285%	$387K	$17K	10x	as long as short
Variational Omni BCH	−0.0078%	8h	265.10	+0.076%	$81K	$201K	—	as long as short
Gate BCH_USDT	−0.0075%	8h	265.27	+0.140%	$8.4M	$13.6M	75x	as long as short
Bitget BCHUSDT	−0.0075%	8h	265.00	+0.038%	$19.0M	$28.1M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.34	+0.165%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.72	+0.311%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.86	+0.362%	$1.0M	$10.3M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.32	+0.160%	$444K	$331K	25x	as long as short
BingX BCH-USDT	+0.0008%	8h	265.23	+0.125%	—	$32.1M	—	as long as short
Bybit BCHUSDT	+0.0009%	8h	265.00	+0.038%	$39.1M	$31.0M	75x	as long as short
Kraken Futures PF_BCHUSDshort	+0.0011%	1h	265.44	+0.205%	$850K	$3.0M	50x
BloFin BCH-USDT	+0.0030%	8h	265.68	+0.294%	$3.9M	$4.3M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.001%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0036%	8h	265.16	+0.098%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	265.47	+0.214%	$160K	$307K	10x	as long as short
Lighter BCH	+0.0096%	1h	265.24	+0.129%	$359K	$488K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.30	+0.151%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.21	+0.118%	$167K	$516K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.45	+0.209%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	266.41	+0.570%	$97K	$230K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0350% / S −0.0506%	1h	265.20	+0.115%	$24K	—	100x	as long as short