Funding you earn now, next payment 09:00 UTC−0.0258%/8h= −28.2% APRnext payment −$0.32 per $10,000 · paid last 24h −0.034%
Price spread now: Kraken Futures against ApeX Omni−0.154%75s7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$560.561% of the position
Funding, last 7 days−0.224%−$22 on $10k
+Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.154%, 7d avg +0.005%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Kraken Futures is 0.159% cheaper against ApeX Omni than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.005%). Swap the legs. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni BCHUSDT | 268.26 | 0.0100 | pay 0.0013% / 1h | 41m 49s | $97K | $241K | 50x |
| Short | Kraken Futures PF_BCHUSD | 267.85 | −0.0158 | pay 0.0020% / 1h | 41m 49s | $870K | $2.7M | 50x |
ApeX Omni BCHUSDT
Kraken Futures PF_BCHUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$54.12
- Price spread: −0.154% → +0.005%
- −$15.87
- Slippage, 4 orders
- −$36.1
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$126.1
- Costs to cover
- 0.561%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 55 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 ApeX Omni live order book, 55 min ago | 4.54 bp | 12.2 bp −$12 | 96.2 bp −$962 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 5.79 bp | 14.6 bp −$15 | 22.6 bp −$226 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX BCH-USD | −0.0364% | 1h | 267.60 | −0.246% | $2K | $8K | 10x | as long as short |
| Phemex BCHUSDT | −0.0194% | 8h | 267.62 | −0.239% | $5.0M | $6.5M | 50x | as long as short |
| Kraken Futures PF_BCHUSDshort | −0.0158% | 1h | 267.85 | −0.154% | $870K | $2.7M | 50x | |
| GRVT BCH_USDT_Perp | −0.0131% | 8h | 268.07 | −0.072% | $391K | $17K | 10x | as long as short |
| Variational Omni BCH | −0.0130% | 8h | 268.11 | −0.057% | $149K | $262K | — | as long as short |
| OKX BCH-USDT-SWAP | −0.0088% | 8h | 267.20 | −0.395% | $25.3M | $78.5M | 50x | as long as short |
| KuCoin BCHUSDTM | −0.0075% | 8h | 267.72 | −0.201% | $8.6M | $6.2M | 75x | as long as short |
| Bitget BCHUSDT | −0.0069% | 8h | 267.31 | −0.354% | $19.3M | $27.2M | 75x | as long as short |
| Binance BCHUSDT | −0.0051% | 8h | 267.37 | −0.332% | $73.9M | $216.1M | 75x | as long as short |
| Extended BCH-USD | −0.0048% | 1h | 267.35 | −0.338% | $119K | $912K | 25x | as long as short |
SoDEX BCH-USD
Phemex BCHUSDT
GRVT BCH_USDT_Perp
Variational Omni BCH
OKX BCH-USDT-SWAP
KuCoin BCHUSDTM
Bitget BCHUSDT
Binance BCHUSDT
Extended BCH-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BCH_USDT | −0.0048% | 8h | 267.97 | −0.108% | $72.2M | $9.2M | 200x | as long as short |
| Gate BCH_USDT | −0.0017% | 8h | 267.53 | −0.272% | $8.4M | $12.9M | 75x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 267.84 | −0.157% | $15K | — | 150x | as long as short |
| Pacifica BCH | −0.0002% | 1h | 267.73 | −0.197% | $155K | $296K | 10x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 268.00 | −0.095% | $5K | $240 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 268.04 | −0.082% | $1.0M | $9.1M | 2.7x | as long as short |
| Deribit BCH_USDC-PERPETUAL | 0.0000% | 1h | 267.77 | −0.181% | $421K | $359K | 25x | as long as short |
| Aster BCHUSDT | +0.0013% | 8h | 267.71 | −0.205% | $144K | $573K | 75x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +0.723% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0045% | 8h | 267.63 | −0.235% | $2K | — | 10x | as long as short |
| Bybit BCHUSDT | +0.0061% | 8h | 267.29 | −0.362% | $39.6M | $32.2M | 75x | as long as short |
| BingX BCH-USDT | +0.0061% | 8h | 267.42 | −0.313% | — | $15.2M | — | as long as short |
| BloFin BCH-USDT | +0.0072% | 8h | 267.82 | −0.164% | $3.6M | $5.0M | 50x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0088% | 1h | 268.36 | +0.037% | $304K | $2.1M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 267.65 | −0.226% | $374K | $492K | 10x | as long as short |
| Nado BCH-PERP | +0.0100% | 1h | 267.71 | −0.205% | $430K | $352K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 267.69 | −0.212% | $5.8M | $4.8M | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 268.07 | −0.070% | $19K | $346K | 20x | as long as short |
| ApeX Omni BCHUSDTlong | +0.0100% | 1h | 268.26 | long leg | $97K | $241K | 50x | |
| SunX BCH-USDT | +0.0100% | 8h | 267.43 | −0.309% | $1K | $1.6M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 267.69 | −0.212% | $780K | $1.4M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0203% / S −0.0147% | 1h | 267.82 | −0.163% | $13K | — | 100x | as long as short |
MEXC BCH_USDT
Gate BCH_USDT
gTrade (Gains Network) BCH/USD
Pacifica BCH
dYdX BCH-USD
Kalshi KXBCHPERP
Deribit BCH_USDC-PERPETUAL
Aster BCHUSDT
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
Bybit BCHUSDT
BingX BCH-USDT
BloFin BCH-USDT
Coinbase International BCH-PERP-INTX
Lighter BCH
Nado BCH-PERP
Hyperliquid BCH
edgeX BCHUSDC
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]