Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h −0.035%

Price spread now: Kraken Futures against Gate+0.054%7-day average +0.047% · 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−$59as in the Price arb table

costs, in and out, $10k−$600.597% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.118%−$12 on $10k

Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.054%, 7d avg +0.047%

Together, before fees−0.252%−$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.047%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.118%, 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	Gate BCH_USDT	265.26	−0.0071	get 0.0071% / 8h	4h 20m	$8.4M	$13.6M	75x
Short	Kraken Futures PF_BCHUSD	265.40	0.0011	get 0.0001% / 1h	20m 14s	$850K	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.054%Rate

Funding earned: $17.19
Price spread: +0.054% → +0.047%: $0.73
Slippage, 4 orders: −$34.69
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$41.76
Costs to cover: 0.597%
Break-even: 24.0 days

Slippage from Gate: live order book, 3 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 Gate live order book, 3 min ago	1.70 bp	13.4 bp −$13	16.6 bp −$166	31.5 bp −$3,152	45.0 bp −$22.5K
Sell Kraken Futures live order book, 4 min ago	6.42 bp	13.8 bp −$14	22.2 bp −$222	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	−0.0492%	8h	264.89	−0.139%	$1K	$1.7M	30x	as long as short
Phemex BCHUSDT	−0.0288%	8h	265.15	−0.041%	$4.9M	$6.4M	50x	as long as short
Nado BCH-PERP	−0.0253%	1h	265.06	−0.074%	$432K	$342K	10x	as long as short
HTX BCH-USDT	−0.0251%	8h	265.23	−0.011%	$773K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0174%	1h	265.15	−0.041%	$2K	$8K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	264.84	−0.158%	$218K	$1.8M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0096%	8h	265.00	−0.098%	$25.0M	$74.7M	50x	as long as short
KuCoin BCHUSDTM	−0.0089%	8h	265.25	−0.004%	$8.5M	$7.0M	75x	as long as short
MEXC BCH_USDT	−0.0085%	8h	265.58	+0.121%	$70.4M	$7.9M	200x	as long as short
Binance BCHUSDT	−0.0083%	8h	265.18	−0.031%	$72.1M	$214.2M	75x	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	−0.0080%	1h	265.07	−0.073%	$112K	$956K	25x	as long as short
Variational Omni BCH	−0.0073%	8h	264.90	−0.135%	$81K	$199K	—	as long as short
Gate BCH_USDTlong	−0.0071%	8h	265.26	long leg	$8.4M	$13.6M	75x
Bitget BCHUSDT	−0.0071%	8h	265.21	−0.019%	$19.0M	$28.1M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0069%	8h	264.63	−0.237%	$386K	$17K	10x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.33	+0.027%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.45	+0.071%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.38	+0.045%	$1.0M	$10.3M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.34	+0.030%	$444K	$331K	25x	as long as short
BingX BCH-USDT	+0.0007%	8h	265.22	−0.015%	—	$32.1M	—	as long as short
Kraken Futures PF_BCHUSDshort	+0.0011%	1h	265.40	+0.054%	$850K	$3.0M	50x
Bybit BCHUSDT	+0.0015%	8h	265.14	−0.045%	$39.1M	$31.0M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.862%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0035%	8h	265.12	−0.053%	$3.9M	$4.3M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0037%	8h	265.21	−0.019%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	265.30	+0.017%	$160K	$307K	10x	as long as short
Lighter BCH	+0.0096%	1h	265.20	−0.021%	$359K	$488K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.30	+0.015%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.11	−0.057%	$167K	$516K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.63	−0.239%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.32	+0.023%	$97K	$230K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0350% / S −0.0506%	1h	265.32	+0.024%	$24K	—	100x	as long as short