Funding you earn now, next payment 00:00 UTC+0.0007%/8h= +0.8% APRnext payment +$0.01 per $10,000 · paid last 24h −0.026%
Price spread now: Kraken Futures against Coinbase International+0.006%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$600.601% of the position
Funding, last 7 days−0.107%−$11 on $10k
+Price spread, last 3 days (all we have)+0.132%+$13 · spread now +0.006%, 7d avg +0.018%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International BCH-PERP-INTX | 268.62 | −0.0056 | get 0.0007% / 1h | 3m 28s | $237K | $2.0M | 50x |
| Short | Kraken Futures PF_BCHUSD | 268.64 | −0.0049 | pay 0.0006% / 1h | 3m 28s | $867K | $3.1M | 50x |
Coinbase International BCH-PERP-INTX
Kraken Futures PF_BCHUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $1.45
- Price spread: +0.006% → +0.018%
- −$1.21
- Slippage, 4 orders
- −$40.07
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$59.82
- Costs to cover
- 0.601%
- Break-even
- 295.2 days
Slippage from Coinbase International: live order book, 5 min ago; Kraken Futures: live order book, 5 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 Coinbase International live order book, 5 min ago | 5.94 bp | 14.1 bp −$14 | 19.9 bp −$199 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 5.57 bp | 15.2 bp −$15 | 25.1 bp −$251 | 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 | −0.0595% | 1h | 268.52 | −0.038% | $454K | $266K | 25x | as long as short |
| SoDEX BCH-USD | −0.0549% | 1h | 268.35 | −0.101% | $2K | $6K | 10x | as long as short |
| Phemex BCHUSDT | −0.0507% | 8h | 268.57 | −0.019% | $4.9M | $6.5M | 50x | as long as short |
| GRVT BCH_USDT_Perp | −0.0217% | 8h | 268.16 | −0.171% | $391K | $17K | 10x | as long as short |
| ApeX Omni BCHUSDT | −0.0210% | 1h | 268.40 | −0.082% | $73K | $214K | 50x | as long as short |
| Gate BCH_USDT | −0.0172% | 8h | 267.28 | −0.499% | $8.4M | $14.4M | 75x | as long as short |
| Variational Omni BCH | −0.0122% | 8h | 268.20 | −0.156% | $82K | $285K | — | as long as short |
| Extended BCH-USD | −0.0080% | 1h | 267.17 | −0.539% | $116K | $961K | 25x | as long as short |
| Binance BCHUSDT | −0.0079% | 8h | 267.17 | −0.540% | $72.3M | $230.3M | 75x | as long as short |
| MEXC BCH_USDT | −0.0077% | 8h | 267.70 | −0.342% | $70.2M | $6.7M | 200x | as long as short |
Deribit BCH_USDC-PERPETUAL
SoDEX BCH-USD
Phemex BCHUSDT
GRVT BCH_USDT_Perp
ApeX Omni BCHUSDT
Gate BCH_USDT
Variational Omni BCH
Extended BCH-USD
Binance BCHUSDT
MEXC BCH_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BCH-PERP-INTXlong | −0.0056% | 1h | 268.62 | long leg | $237K | $2.0M | 50x | |
| Kraken Futures PF_BCHUSDshort | −0.0049% | 1h | 268.64 | +0.006% | $867K | $3.1M | 50x | |
| Bybit BCHUSDT | −0.0041% | 8h | 267.30 | −0.491% | $39.5M | $32.7M | 75x | as long as short |
| Bitget BCHUSDT | −0.0027% | 8h | 267.17 | −0.540% | $19.3M | $29.7M | 75x | as long as short |
| OKX BCH-USDT-SWAP | −0.0013% | 8h | 267.20 | −0.529% | $26.0M | $75.9M | 50x | as long as short |
| BingX BCH-USDT | −0.0004% | 8h | 267.23 | −0.517% | — | $32.3M | — | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0003% / S +0.0007% | 1h | 267.34 | −0.476% | $7K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 267.72 | −0.337% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 268.71 | +0.034% | $1.1M | $11.0M | 2.7x | as long as short |
| Orderly PERP_BCH_USDC | +0.0030% | 8h | 267.19 | −0.532% | $2K | $176 | 10x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +0.588% | $721 | $130K | 12x | as long as short |
| Nado BCH-PERP | +0.0039% | 1h | 267.28 | −0.499% | $435K | $423K | 10x | as long as short |
| BloFin BCH-USDT | +0.0044% | 8h | 268.09 | −0.197% | $3.9M | $4.2M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 267.56 | −0.395% | $368K | $530K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 267.61 | −0.376% | $6.5M | $4.6M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 267.43 | −0.443% | $176K | $666K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 267.54 | −0.401% | $163K | $407K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 267.31 | −0.488% | $8.7M | $7.6M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 269.17 | +0.206% | $19K | $291K | 20x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 268.13 | −0.182% | $2K | $1.9M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 268.51 | −0.041% | $784K | $1.6M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0334% / S −0.0451% | 1h | 267.39 | −0.456% | $25K | — | 100x | as long as short |
Bybit BCHUSDT
Bitget BCHUSDT
OKX BCH-USDT-SWAP
BingX BCH-USDT
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Kalshi KXBCHPERP
Orderly PERP_BCH_USDC
Injective BCH/USDC PERP
Nado BCH-PERP
BloFin BCH-USDT
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]