Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0105%/8h= +11.5% APRpaid last 24h −0.042%

Price spread now: Kraken Futures against KuCoin−0.002%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$650.654% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.206%−$21 on $10k

Price spread, last 4 days (all we have)−0.121%−$12 · spread now −0.002%, 7d avg +0.031%

Together, before fees−0.327%−$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.033% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.002% now, against its 7-day average of +0.031%). If the spread goes back, that is −$3 on $10k: about 25 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.206%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BCHUSDTM	263.77	−0.0094	get 0.0094% / 8h	4h 37m	$8.5M	$7.1M	75x
Short	Kraken Futures PF_BCHUSD	263.76	0.0011	get 0.0001% / 1h	37m 12s	$845K	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now −0.002%Rate

Funding earned: $22.04
Price spread: −0.002% → +0.031%: −$3.31
Slippage, 4 orders: −$43.44
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$46.71
Costs to cover: 0.654%
Break-even: 21.8 days

Slippage from KuCoin: live order book, 1 min ago; Kraken Futures: 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 KuCoin live order book, 1 min ago	2.09 bp	13.3 bp −$13	46.4 bp −$464	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	5.30 bp	16.1 bp −$16	31.9 bp −$319	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
SunX BCH-USDT	−0.0664%	8h	263.47	−0.114%	$1K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0304%	8h	263.76	−0.004%	$769K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0274%	8h	263.77	0.000%	$4.9M	$6.4M	50x	as long as short
SoDEX BCH-USD	−0.0268%	1h	263.63	−0.053%	$2K	$8K	10x	as long as short
Nado BCH-PERP	−0.0239%	1h	263.38	−0.149%	$425K	$342K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0105%	8h	263.95	+0.067%	$385K	$17K	10x	as long as short
Extended BCH-USD	−0.0104%	1h	263.48	−0.108%	$114K	$950K	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	263.86	+0.034%	$219K	$1.8M	50x	as long as short
Binance BCHUSDT	−0.0102%	8h	263.62	−0.057%	$71.8M	$213.8M	75x	as long as short
Gate BCH_USDT	−0.0101%	8h	263.59	−0.068%	$8.3M	$13.5M	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	−0.0101%	8h	263.80	+0.011%	$69.8M	$7.6M	200x	as long as short
OKX BCH-USDT-SWAP	−0.0096%	8h	263.40	−0.140%	$24.8M	$74.2M	50x	as long as short
KuCoin BCHUSDTMlong	−0.0094%	8h	263.77	long leg	$8.5M	$7.1M	75x
Variational Omni BCH	−0.0086%	8h	263.90	+0.050%	$81K	$201K	—	as long as short
Bitget BCHUSDT	−0.0078%	8h	263.60	−0.064%	$18.9M	$28.1M	75x	as long as short
BingX BCH-USDC	−0.0019%	8h	263.66	−0.042%	—	$6.5M	—	as long as short
Bybit BCHUSDT	−0.0009%	8h	263.62	−0.057%	$38.9M	$30.9M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	263.73	−0.014%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.83	+0.021%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	263.97	+0.076%	$1.0M	$10.2M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	263.74	−0.012%	$441K	$331K	25x	as long as short
Kraken Futures PF_BCHUSDshort	+0.0011%	1h	263.76	−0.002%	$845K	$3.0M	50x
BloFin BCH-USDT	+0.0018%	8h	263.51	−0.099%	$3.9M	$4.2M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.438%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0035%	8h	263.54	−0.087%	$2K	$176	10x	as long as short
ApeX Omni BCHUSDT	+0.0044%	1h	263.68	−0.034%	$96K	$228K	50x	as long as short
Pacifica BCH	+0.0077%	1h	263.80	+0.011%	$160K	$306K	10x	as long as short
Lighter BCH	+0.0096%	1h	263.67	−0.038%	$360K	$484K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.68	−0.033%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	263.72	−0.018%	$166K	$516K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.76	−0.005%	$19K	$288K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0356% / S −0.0525%	1h	263.68	−0.034%	$25K	—	100x	as long as short