BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0031%/8h= −3.4% APRnext payment −$0.04 per $10,000 · paid last 24h +0.029%

Price spread now: Extended against Kraken Futures−0.621%7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$470.468% of the position

Long on Kraken Futures Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 3 days (all we have)+0.515%+$52 · spread now −0.621%, 7d avg −0.108%

Together, before fees+0.580%+ Points / potential airdropExtended: Active · farm board+$58 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.514% cheaper against Kraken Futures than usual: you would sell low and buy high (−$51 if the spread goes back to its 7-day average of −0.108%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.065%, 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	268.64	−0.0049	get 0.0006% / 1h	3m 38s	$867K	$3.1M	50x
Short	Extended BCH-USD	266.97	−0.0080	pay 0.0010% / 1h	3m 38s	$116K	$961K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.621%Rate

Funding earned: −$6.49
Price spread: −0.621% → −0.108%: −$51.38
Slippage, 4 orders: −$31.77
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$104.64
Costs to cover: 0.468%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Extended: 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 Kraken Futures live order book, 5 min ago	5.57 bp	17.5 bp −$17	29.7 bp −$297	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	0.93 bp	7.0 bp −$7	28.7 bp −$287	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	−0.044%	$454K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0549%	1h	268.35	−0.107%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0507%	8h	268.57	−0.025%	$4.9M	$6.5M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0217%	8h	268.16	−0.177%	$391K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0210%	1h	268.40	−0.088%	$73K	$214K	50x	as long as short
Gate BCH_USDT	−0.0172%	8h	267.03	−0.598%	$8.4M	$14.4M	75x	as long as short
Variational Omni BCH	−0.0122%	8h	268.20	−0.162%	$82K	$285K	—	as long as short
Extended BCH-USDshort	−0.0080%	1h	266.97	−0.621%	$116K	$961K	25x
Binance BCHUSDT	−0.0079%	8h	267.21	−0.533%	$72.3M	$230.3M	75x	as long as short
MEXC BCH_USDT	−0.0077%	8h	267.59	−0.390%	$70.2M	$6.7M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTX	−0.0056%	1h	268.62	−0.006%	$237K	$2.0M	50x	as long as short
Kraken Futures PF_BCHUSDlong	−0.0049%	1h	268.64	long leg	$867K	$3.1M	50x
Bybit BCHUSDT	−0.0041%	8h	267.20	−0.535%	$39.5M	$32.7M	75x	as long as short
Bitget BCHUSDT	−0.0027%	8h	267.00	−0.609%	$19.3M	$29.7M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0013%	8h	267.10	−0.572%	$26.0M	$75.9M	50x	as long as short
BingX BCH-USDT	−0.0004%	8h	266.98	−0.617%	—	$32.3M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0003% / S +0.0007%	1h	268.85	+0.078%	$7K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	267.72	−0.343%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.71	+0.027%	$1.1M	$11.0M	2.7x	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	268.45	−0.069%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.582%	$721	$130K	12x	as long as short
Nado BCH-PERP	+0.0039%	1h	267.28	−0.505%	$435K	$423K	10x	as long as short
BloFin BCH-USDT	+0.0044%	8h	268.09	−0.204%	$3.9M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	267.56	−0.401%	$368K	$530K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.00	−0.237%	$6.5M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.64	−0.373%	$176K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.54	−0.408%	$163K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	267.52	−0.416%	$8.7M	$7.6M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	269.17	+0.199%	$19K	$291K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.13	−0.189%	$2K	$1.9M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.51	−0.047%	$784K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0334% / S −0.0451%	1h	268.80	+0.060%	$25K	—	100x	as long as short