BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0203%/8h= +22.2% APRnext payment +$0.25 per $10,000 · paid last 24h +0.030%

Price spread now: ApeX Omni against Kraken Futures+0.012%45s7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$550.553% of the position

Long on Kraken Futures Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.217%+$22 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.012%, 7d avg −0.003%

Together, before fees+0.135%+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BCHUSD	265.71	−0.0103	get 0.0013% / 1h	15m 33s	$864K	$2.9M	50x
Short	ApeX Omni BCHUSDT	265.74	0.0100	get 0.0013% / 1h	15m 33s	$95K	$239K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kraken Futures. 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 Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now +0.012%Rate

Funding earned: $42.58
Price spread: +0.012% → −0.003%: $1.49
Slippage, 4 orders: −$35.29
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$11.22
Costs to cover: 0.553%
Break-even: 8.8 days

Slippage from Kraken Futures: live order book, 3 min ago; ApeX Omni: live order book, 26 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 Kraken Futures live order book, 3 min ago	5.83 bp	15.4 bp −$15	24.0 bp −$240	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 26 min ago	4.53 bp	12.4 bp −$12	95.1 bp −$951	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
SoDEX BCH-USD	−0.0356%	1h	265.47	−0.090%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0167%	8h	265.51	−0.075%	$4.9M	$6.6M	50x	as long as short
HTX BCH-USDT	−0.0164%	8h	265.44	−0.101%	$776K	$1.4M	75x	as long as short
Kraken Futures PF_BCHUSDlong	−0.0103%	1h	265.71	long leg	$864K	$2.9M	50x
Variational Omni BCH	−0.0090%	8h	265.30	−0.153%	$81K	$196K	—	as long as short
KuCoin BCHUSDTM	−0.0089%	8h	265.69	−0.007%	$8.5M	$6.6M	75x	as long as short
Bitget BCHUSDT	−0.0079%	8h	265.41	−0.113%	$18.9M	$28.4M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0073%	8h	265.30	−0.154%	$25.3M	$78.2M	50x	as long as short
Bybit BCHUSDT	−0.0063%	8h	265.30	−0.154%	$39.0M	$31.8M	75x	as long as short
MEXC BCH_USDT	−0.0043%	8h	265.81	+0.038%	$71.0M	$8.8M	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	−0.0043%	8h	265.39	−0.121%	$73.1M	$221.0M	75x	as long as short
Extended BCH-USD	−0.0040%	1h	265.29	−0.156%	$111K	$771K	25x	as long as short
BingX BCH-USDT	−0.0036%	8h	265.42	−0.109%	—	$32.9M	—	as long as short
GRVT BCH_USDT_Perp	−0.0025%	8h	265.53	−0.066%	$387K	$17K	10x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.63	−0.029%	$15K	—	150x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0002%	1h	265.67	−0.013%	$442K	$337K	25x	as long as short
dYdX BCH-USD	0.0000%	1h	265.75	+0.015%	$5K	$240	10x	as long as short
Gate BCH_USDT	0.0000%	8h	265.53	−0.067%	$8.4M	$13.9M	75x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.89	+0.068%	$987K	$10.5M	2.7x	as long as short
Nado BCH-PERP	+0.0007%	1h	265.38	−0.124%	$435K	$357K	10x	as long as short
Coinbase International BCH-PERP-INTX	+0.0008%	1h	265.90	+0.072%	$225K	$1.9M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.690%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0045%	8h	265.52	−0.071%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0056%	8h	265.40	−0.118%	$138K	$590K	75x	as long as short
BloFin BCH-USDT	+0.0077%	8h	265.51	−0.075%	$3.9M	$4.5M	50x	as long as short
SunX BCH-USDT	+0.0082%	8h	265.33	−0.143%	$2K	$1.7M	30x	as long as short
Lighter BCH	+0.0096%	1h	265.47	−0.090%	$353K	$496K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.64	−0.026%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	265.48	−0.086%	$159K	$311K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.51	−0.077%	$18K	$345K	20x	as long as short
ApeX Omni BCHUSDTshort	+0.0100%	1h	265.74	+0.012%	$95K	$239K	50x
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	265.71	+0.001%	$12K	—	100x	as long as short