Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0118%/8h= −12.9% APRpaid last 24h +0.022%

Price spread now: Bitget against Kraken Futures+0.072%7-day average −0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$550.546% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.134%+$13 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.072%, 7d avg −0.062%

Together, before fees+0.128%+$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.135% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of −0.062%): +$13 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.134%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BCHUSD	270.20	0.0104	pay 0.0013% / 1h	5m 40s	$883K	$2.5M	50x
Short	Bitget BCHUSDT	270.40	−0.0014	pay 0.0014% / 8h	6h 05m	$19.4M	$26.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$24.7
Price spread: +0.072% → −0.062%: $13.45
Slippage, 4 orders: −$32.64
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$65.89
Costs to cover: 0.546%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; Bitget: live order book, 1 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, 1 min ago	9.08 bp	17.1 bp −$17	29.1 bp −$291	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.56 bp	12.4 bp −$12	18.4 bp −$184	53.3 bp −$5,335	doesn't fit

BCH on 32 exchanges

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	−0.0344%	1h	269.99	−0.079%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0298%	8h	269.75	−0.168%	$4.9M	$6.3M	50x	as long as short
Variational Omni BCH	−0.0142%	8h	268.79	−0.524%	$145K	$222K	—	as long as short
Bybit BCHUSDT	−0.0129%	8h	270.36	+0.057%	$39.6M	$30.9M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0116%	8h	270.20	−0.002%	$25.7M	$75.1M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0087%	8h	269.05	−0.429%	$392K	$17K	10x	as long as short
MEXC BCH_USDT	−0.0067%	8h	271.02	+0.302%	$73.6M	$9.6M	200x	as long as short
Binance BCHUSDT	−0.0067%	8h	270.45	+0.091%	$74.4M	$200.6M	75x	as long as short
Extended BCH-USD	−0.0064%	1h	270.27	+0.025%	$118K	$919K	25x	as long as short
HTX BCH-USDT	−0.0043%	8h	269.75	−0.168%	$789K	$1.2M	75x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0040%	8h	270.46	+0.094%	$8.2M	$12.9M	75x	as long as short
KuCoin BCHUSDTM	−0.0015%	8h	270.41	+0.076%	$8.8M	$5.5M	75x	as long as short
Bitget BCHUSDTshort	−0.0014%	8h	270.40	+0.072%	$19.4M	$26.5M	75x
BingX BCH-USDT	−0.0014%	8h	270.46	+0.094%	—	$14.2M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	270.12	−0.031%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	269.82	−0.141%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	270.21	+0.002%	$1.0M	$8.7M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	270.15	−0.019%	$425K	$356K	25x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	−0.002%	$721	$130K	12x	as long as short
Aster BCHUSDT	+0.0035%	8h	270.34	+0.050%	$147K	$510K	75x	as long as short
Orderly PERP_BCH_USDC	+0.0041%	8h	269.82	−0.142%	$2K	$540	10x	as long as short
BloFin BCH-USDT	+0.0052%	8h	269.70	−0.187%	$3.6M	$5.3M	50x	as long as short
SunX BCH-USDT	+0.0068%	8h	269.40	−0.298%	$2K	$1.4M	30x	as long as short
ApeX Omni BCHUSDT	+0.0075%	1h	269.06	−0.424%	$97K	$244K	50x	as long as short
Nado BCH-PERP	+0.0077%	1h	269.57	−0.235%	$461K	$372K	10x	as long as short
Pacifica BCH	+0.0095%	1h	270.44	+0.086%	$156K	$270K	10x	as long as short
Lighter BCH	+0.0096%	1h	270.56	+0.131%	$396K	$468K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	270.59	+0.144%	$6.0M	$4.5M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	269.47	−0.273%	$19K	$345K	20x	as long as short
Kraken Futures PF_BCHUSDlong	+0.0104%	1h	270.20	long leg	$883K	$2.5M	50x
Coinbase International BCH-PERP-INTX	+0.0144%	1h	270.28	+0.028%	$361K	$2.1M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0227% / S −0.0201%	1h	270.10	−0.038%	$15K	—	100x	as long as short