Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h +0.091%

Price spread now: KuCoin against Deribit−0.077%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$520.523% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.264%+$26 on $10k

Price spread, last 4 days (all we have)+0.104%+$10 · spread now −0.077%, 7d avg −0.002%

Together, before fees+0.368%+$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.074% cheaper against Deribit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.002%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.264%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BCH_USDC-PERPETUAL	264.96	0	get 0.0000% / 1h	14m 00s	$427K	$348K	25x
Short	KuCoin BCHUSDTM	264.76	−0.0080	pay 0.0080% / 8h	14m 00s	$8.5M	$6.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Deribit. 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 DeribitbpFee KuCoinbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$16.8
Price spread: −0.077% → −0.002%: −$7.42
Slippage, 4 orders: −$33.35
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$76.57
Costs to cover: 0.523%
Break-even: never at this rate

Slippage from Deribit: live order book, 20 min ago; KuCoin: 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 Deribit live order book, 20 min ago	3.68 bp	8.7 bp −$9	15.9 bp −$159	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	2.46 bp	15.1 bp −$15	51.0 bp −$510	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	−0.0322%	1h	264.72	−0.092%	$2K	$8K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0219%	1h	264.95	−0.005%	$860K	$2.7M	50x	as long as short
Phemex BCHUSDT	−0.0162%	8h	264.78	−0.069%	$4.9M	$6.5M	50x	as long as short
Variational Omni BCH	−0.0133%	8h	264.41	−0.209%	$81K	$196K	—	as long as short
Bybit BCHUSDT	−0.0110%	8h	264.70	−0.099%	$38.9M	$30.9M	75x	as long as short
KuCoin BCHUSDTMshort	−0.0080%	8h	264.76	−0.077%	$8.5M	$6.3M	75x
HTX BCH-USDT	−0.0080%	8h	264.78	−0.069%	$775K	$1.4M	75x	as long as short
Bitget BCHUSDT	−0.0078%	8h	264.71	−0.095%	$19.1M	$27.1M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0066%	8h	264.80	−0.062%	$25.2M	$76.4M	50x	as long as short
Binance BCHUSDT	−0.0051%	8h	264.87	−0.035%	$73.1M	$212.5M	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	−0.0051%	8h	265.18	+0.082%	$70.7M	$8.9M	200x	as long as short
Extended BCH-USD	−0.0048%	1h	264.69	−0.104%	$112K	$912K	25x	as long as short
BingX BCH-USDT	−0.0041%	8h	264.83	−0.050%	—	$15.3M	—	as long as short
GRVT BCH_USDT_Perp	−0.0041%	8h	264.72	−0.092%	$386K	$17K	10x	as long as short
Gate BCH_USDT	−0.0026%	8h	264.88	−0.031%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.85	−0.043%	$15K	—	150x	as long as short
Pacifica BCH	−0.0003%	1h	264.69	−0.105%	$159K	$293K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	264.81	−0.059%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.10	+0.052%	$997K	$9.7M	2.7x	as long as short
Deribit BCH_USDC-PERPETUALlong	0.0000%	1h	264.96	long leg	$427K	$348K	25x
Aster BCHUSDT	+0.0014%	8h	264.72	−0.093%	$136K	$564K	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.977%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.82	−0.054%	$2K	—	10x	as long as short
BloFin BCH-USDT	+0.0069%	8h	264.46	−0.190%	$3.5M	$4.5M	50x	as long as short
Nado BCH-PERP	+0.0078%	1h	264.55	−0.156%	$434K	$350K	10x	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	265.02	+0.022%	$246K	$1.9M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.81	−0.057%	$353K	$469K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.01	+0.018%	$5.7M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.55	−0.156%	$19K	$345K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.83	−0.050%	$95K	$242K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	264.48	−0.182%	$2K	$1.6M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.47	−0.186%	$12K	—	100x	as long as short