Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h +0.033%

Price spread now: OKX against Kraken Futures−0.139%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$500.501% of the position

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.136%+$14 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.139%, 7d avg −0.078%

Together, before fees+0.213%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.061% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.139% now, against its 7-day average of −0.078%). If the spread goes back, that is −$6 on $10k: about 7.0 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.136% in total) that is about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BCHUSD	265.57	−0.0103	get 0.0013% / 1h	15m 03s	$864K	$2.9M	50x
Short	OKX BCH-USDT-SWAP	265.20	−0.0074	pay 0.0074% / 8h	1h 15m	$25.3M	$78.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.139%Rate

Funding earned: $6.15
Price spread: −0.139% → −0.078%: −$6.14
Slippage, 4 orders: −$30.13
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$50.11
Costs to cover: 0.501%
Break-even: 64.0 days

Slippage from Kraken Futures: live order book, 4 min ago; OKX: 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 Kraken Futures live order book, 4 min ago	5.83 bp	15.4 bp −$15	24.0 bp −$240	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.88 bp	9.8 bp −$10	16.9 bp −$169	101.5 bp −$10.2K	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	−0.0358%	1h	265.33	−0.090%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0164%	8h	265.34	−0.086%	$4.9M	$6.6M	50x	as long as short
HTX BCH-USDT	−0.0163%	8h	265.39	−0.067%	$776K	$1.4M	75x	as long as short
Kraken Futures PF_BCHUSDlong	−0.0103%	1h	265.57	long leg	$864K	$2.9M	50x
Variational Omni BCH	−0.0090%	8h	265.30	−0.100%	$81K	$196K	—	as long as short
KuCoin BCHUSDTM	−0.0089%	8h	265.62	+0.019%	$8.5M	$6.6M	75x	as long as short
Bitget BCHUSDT	−0.0079%	8h	265.34	−0.086%	$18.9M	$28.4M	75x	as long as short
OKX BCH-USDT-SWAPshort	−0.0074%	8h	265.20	−0.139%	$25.3M	$78.2M	50x
Bybit BCHUSDT	−0.0063%	8h	265.30	−0.101%	$39.0M	$31.8M	75x	as long as short
MEXC BCH_USDT	−0.0043%	8h	265.75	+0.068%	$70.9M	$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	265.35	−0.083%	$73.1M	$221.0M	75x	as long as short
Extended BCH-USD	−0.0040%	1h	265.21	−0.135%	$111K	$771K	25x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0036%	1h	265.45	−0.045%	$442K	$337K	25x	as long as short
BingX BCH-USDT	−0.0035%	8h	265.42	−0.056%	—	$32.9M	—	as long as short
GRVT BCH_USDT_Perp	−0.0025%	8h	265.53	−0.013%	$387K	$17K	10x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.50	−0.026%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.75	+0.067%	$5K	$240	10x	as long as short
Gate BCH_USDT	0.0000%	8h	265.49	−0.030%	$8.4M	$13.9M	75x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.71	+0.053%	$987K	$10.5M	2.7x	as long as short
Nado BCH-PERP	+0.0007%	1h	265.38	−0.071%	$435K	$357K	10x	as long as short
Coinbase International BCH-PERP-INTX	+0.0008%	1h	265.90	+0.125%	$225K	$1.9M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.744%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0045%	8h	265.31	−0.098%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0056%	8h	265.31	−0.098%	$138K	$590K	75x	as long as short
BloFin BCH-USDT	+0.0077%	8h	265.35	−0.083%	$3.9M	$4.5M	50x	as long as short
SunX BCH-USDT	+0.0084%	8h	265.16	−0.154%	$2K	$1.7M	30x	as long as short
Lighter BCH	+0.0096%	1h	265.38	−0.071%	$353K	$496K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.59	+0.008%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	265.48	−0.034%	$159K	$311K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.51	−0.024%	$18K	$345K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.74	+0.064%	$95K	$239K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	265.42	−0.056%	$12K	—	100x	as long as short