BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0097%/8h= +10.6% APRnext payment +$0.12 per $10,000 · paid last 24h −0.023%

Price spread now: Kraken Futures against Coinbase International+0.056%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$550.554% of the position

Long on Coinbase International Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 3 days (all we have)+0.062%+$6 · spread now +0.056%, 7d avg +0.020%

Together, before fees−0.043%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.036% dearer against Coinbase International than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.020%. Mind the row above: over the last 7 days funding on this pair cost −0.106%, 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	Coinbase International BCH-PERP-INTX	265.29	−0.0128	get 0.0016% / 1h	55m 55s	$231K	$1.8M	50x
Short	Kraken Futures PF_BCHUSD	265.44	−0.0031	pay 0.0004% / 1h	55m 55s	$851K	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Coinbase International. 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 Coinbase InternationalbpFee Kraken FuturesbpOrdersPrice spread, now +0.056%Rate

Funding earned: $20.33
Price spread: +0.056% → +0.020%: $3.61
Slippage, 4 orders: −$35.38
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$31.44
Costs to cover: 0.554%
Break-even: 17.8 days

Slippage from Coinbase International: live order book, 3 min ago; Kraken Futures: live order book, 3 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 Coinbase International live order book, 3 min ago	6.23 bp	14.1 bp −$14	20.9 bp −$209	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	6.41 bp	13.8 bp −$14	23.1 bp −$231	doesn't fit	doesn't fit

BCH on 31 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	−0.1756%	8h	265.30	+0.004%	$2K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0500%	8h	264.99	−0.113%	$773K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0451%	8h	265.07	−0.083%	$4.9M	$6.6M	50x	as long as short
SoDEX BCH-USD	−0.0324%	1h	265.17	−0.045%	$2K	$8K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0194%	8h	264.93	−0.136%	$386K	$17K	10x	as long as short
Nado BCH-PERP	−0.0188%	1h	265.21	−0.031%	$419K	$339K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0149%	1h	265.38	+0.032%	$448K	$253K	25x	as long as short
Coinbase International BCH-PERP-INTXlong	−0.0128%	1h	265.29	long leg	$231K	$1.8M	50x
Binance BCHUSDT	−0.0113%	8h	264.63	−0.250%	$71.6M	$214.7M	75x	as long as short
Extended BCH-USD	−0.0112%	1h	264.69	−0.225%	$112K	$953K	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0111%	8h	265.18	−0.041%	$70.0M	$6.6M	200x	as long as short
Variational Omni BCH	−0.0109%	8h	265.41	+0.044%	$81K	$201K	—	as long as short
Gate BCH_USDT	−0.0108%	8h	264.89	−0.151%	$8.4M	$13.1M	75x	as long as short
ApeX Omni BCHUSDT	−0.0092%	1h	265.25	−0.015%	$97K	$226K	50x	as long as short
OKX BCH-USDT-SWAP	−0.0070%	8h	264.70	−0.222%	$25.2M	$73.9M	50x	as long as short
Bitget BCHUSDT	−0.0052%	8h	264.98	−0.117%	$19.0M	$28.2M	75x	as long as short
Bybit BCHUSDT	−0.0049%	8h	264.70	−0.222%	$39.1M	$31.0M	75x	as long as short
BingX BCH-USDT	−0.0041%	8h	264.66	−0.237%	—	$32.2M	—	as long as short
Kraken Futures PF_BCHUSDshort	−0.0031%	1h	265.44	+0.056%	$851K	$3.0M	50x
KuCoin BCHUSDTM	−0.0018%	8h	265.06	−0.087%	$8.6M	$7.3M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	265.40	+0.043%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.92	−0.139%	$1.1M	$10.1M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.44	+0.057%	$4K	—	150x	as long as short
Pacifica BCH	+0.0021%	1h	265.23	−0.023%	$161K	$317K	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.851%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0035%	8h	265.18	−0.041%	$2K	$176	10x	as long as short
Lighter BCH	+0.0096%	1h	265.17	−0.046%	$365K	$477K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.25	−0.015%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	264.98	−0.117%	$168K	$519K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.01	−0.105%	$19K	$293K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.55	+0.096%	$25K	—	100x	as long as short