BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0253%/8h= −27.7% APRnext payment −$0.32 per $10,000 · paid last 24h −0.012%

Price spread now: Kraken Futures against Injective−1.967%7-day average −0.191% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.264%−$26 on $10k

Price spread, last 4 days (all we have)+3.273%+$327 · spread now −1.967%, 7d avg −0.191%

Together, before fees+3.009%+$301 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Kraken Futures is 1.776% cheaper against Injective than usual: you would sell low and buy high (−$178 if the spread goes back to its 7-day average of −0.191%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BCH/USDC PERP	270.20	0.0033	pay 0.0004% / 1h	17m 02s	$721	$130K	12x
Short	Kraken Futures PF_BCHUSD	264.88	−0.0219	pay 0.0027% / 1h	17m 02s	$859K	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Injective. 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 InjectivebpFee Kraken FuturesbpOrdersPrice spread, now −1.967%Rate

Funding earned: −$53.09
Price spread: −1.967% → −0.191%: −$177.62
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$240.73
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 2 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 2 min ago	5.86 bp	13.0 bp −$13	24.1 bp −$241	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
SoDEX BCH-USD	−0.0325%	1h	264.63	−2.061%	$2K	$8K	10x	as long as short
Kraken Futures PF_BCHUSDshort	−0.0219%	1h	264.88	−1.967%	$859K	$2.7M	50x
Phemex BCHUSDT	−0.0163%	8h	264.73	−2.024%	$4.9M	$6.5M	50x	as long as short
Variational Omni BCH	−0.0128%	8h	263.50	−2.478%	$81K	$196K	—	as long as short
Bybit BCHUSDT	−0.0110%	8h	264.60	−2.073%	$38.9M	$30.9M	75x	as long as short
HTX BCH-USDT	−0.0083%	8h	264.57	−2.084%	$775K	$1.4M	75x	as long as short
KuCoin BCHUSDTM	−0.0080%	8h	264.72	−2.028%	$8.5M	$6.3M	75x	as long as short
Bitget BCHUSDT	−0.0075%	8h	264.57	−2.084%	$19.1M	$27.1M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0064%	8h	264.50	−2.110%	$25.2M	$76.4M	50x	as long as short
MEXC BCH_USDT	−0.0051%	8h	265.00	−1.925%	$70.7M	$8.9M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0050%	8h	264.69	−2.039%	$73.0M	$212.6M	75x	as long as short
Extended BCH-USD	−0.0048%	1h	264.40	−2.145%	$110K	$907K	25x	as long as short
BingX BCH-USDC	−0.0041%	8h	264.68	−2.043%	—	$6.5M	—	as long as short
GRVT BCH_USDT_Perp	−0.0041%	8h	264.72	−2.028%	$386K	$17K	10x	as long as short
Gate BCH_USDT	−0.0027%	8h	264.73	−2.024%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.74	−2.021%	$15K	—	150x	as long as short
Pacifica BCH	−0.0003%	1h	264.65	−2.054%	$159K	$293K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	264.82	−1.990%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.88	−1.969%	$996K	$9.7M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.75	−2.018%	$427K	$348K	25x	as long as short
Aster BCHUSDT	+0.0016%	8h	264.66	−2.050%	$136K	$582K	75x	as long as short
Injective BCH/USDC PERPlong	+0.0033%	1h	270.20	long leg	$721	$130K	12x
Orderly PERP_BCH_USDC	+0.0046%	8h	264.67	−2.047%	$2K	—	10x	as long as short
BloFin BCH-USDT	+0.0070%	8h	264.69	−2.039%	$3.5M	$4.5M	50x	as long as short
Nado BCH-PERP	+0.0076%	1h	264.45	−2.128%	$434K	$350K	10x	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	265.02	−1.917%	$246K	$1.9M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.70	−2.037%	$353K	$469K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.86	−1.978%	$5.7M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.53	−2.100%	$19K	$345K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.83	−1.987%	$95K	$242K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	264.49	−2.113%	$1K	$1.6M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.75	−2.016%	$12K	—	100x	as long as short