Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0224%/8h= +24.5% APRpaid last 24h +0.032%

Price spread now: SunX against Kraken Futures−0.141%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1001.000% of the position

Long on Kraken Futures Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.234%+$23 on $10k

Price spread, last 3 days (all we have)+0.033%+$3 · spread now −0.141%, 7d avg −0.082%

Together, before fees+0.267%+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.059% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.141% now, against its 7-day average of −0.082%). If the spread goes back, that is −$6 on $10k: about 21 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.234% in total) that is about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BCHUSD	271.25	−0.0124	get 0.0015% / 1h	44m 09s	$821K	$3.2M	50x
Short	SunX BCH-USDT	270.87	0.0100	get 0.0100% / 8h	44m 09s	$2K	$2.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.141%Rate

Funding earned: $46.99
Price spread: −0.141% → −0.082%: −$5.9
Slippage, 4 orders: −$81.98
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$58.88
Costs to cover: 1.000%
Break-even: 15.8 days

Slippage from Kraken Futures: live order book, 5 min ago; SunX: live order book, 2 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	6.64 bp	19.0 bp −$19	29.3 bp −$293	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	19.56 bp	28.9 bp −$29	doesn't fit	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	−0.0281%	1h	271.09	−0.059%	$458K	$266K	25x	as long as short
Phemex BCHUSDT	−0.0183%	8h	271.03	−0.082%	$4.9M	$6.6M	50x	as long as short
Variational Omni BCH	−0.0131%	8h	270.92	−0.124%	$83K	$294K	—	as long as short
Kraken Futures PF_BCHUSDlong	−0.0124%	1h	271.25	long leg	$821K	$3.2M	50x
Bybit BCHUSDT	−0.0078%	8h	270.90	−0.130%	$39.6M	$33.2M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	−0.388%	$721	$130K	12x	as long as short
SoDEX BCH-USD	−0.0047%	1h	270.98	−0.100%	$2K	$6K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	271.05	−0.075%	$240K	$2.1M	50x	as long as short
Extended BCH-USD	−0.0024%	1h	270.81	−0.162%	$117K	$653K	25x	as long as short
Binance BCHUSDT	−0.0022%	8h	271.07	−0.067%	$75.6M	$235.2M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0021%	8h	271.54	+0.106%	$71.2M	$6.6M	200x	as long as short
dYdX BCH-USD	0.0000%	1h	271.16	−0.033%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	271.40	+0.054%	$1.3M	$11.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	271.12	−0.048%	$5K	—	150x	as long as short
Gate BCH_USDT	+0.0014%	8h	270.98	−0.100%	$8.4M	$14.4M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0025%	8h	270.98	−0.100%	$2K	$176	10x	as long as short
GRVT BCH_USDT_Perp	+0.0029%	8h	270.88	−0.136%	$395K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0039%	8h	270.96	−0.108%	$19.6M	$29.6M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0053%	8h	270.80	−0.167%	$26.6M	$79.3M	50x	as long as short
BingX BCH-USDT	+0.0057%	8h	271.02	−0.086%	—	$30.8M	—	as long as short
Lighter BCH	+0.0096%	1h	270.99	−0.097%	$375K	$554K	10x	as long as short
BloFin BCH-USDT	+0.0098%	8h	270.96	−0.108%	$4.0M	$4.2M	50x	as long as short
Nado BCH-PERP	+0.0100%	1h	270.66	−0.217%	$441K	$431K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	271.35	+0.036%	$6.1M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	271.15	−0.036%	$217K	$705K	75x	as long as short
Pacifica BCH	+0.0100%	1h	270.84	−0.151%	$165K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	271.09	−0.060%	$9.3M	$7.9M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	270.83	−0.155%	$19K	$291K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	270.65	−0.222%	$73K	$214K	50x	as long as short
SunX BCH-USDTshort	+0.0100%	8h	270.87	−0.141%	$2K	$2.0M	30x
HTX BCH-USDT	+0.0100%	8h	270.71	−0.200%	$778K	$1.7M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0335% / S −0.0340%	1h	271.11	−0.051%	$27K	—	100x	as long as short