Funding you earn now, next payment 00:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.035%
Price spread now: Binance against Kraken Futures−0.036%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$430.428% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 3 days (all we have)−0.019%−$2 · spread now −0.036%, 7d avg −0.053%
=The price spread sits at its 7-day average of −0.053%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_BCHUSD | 266.17 | −0.0126 | get 0.0016% / 1h | 21m 00s | $848K | $3.1M | 50x |
| Short | Binance BCHUSDT | 266.07 | −0.0019 | pay 0.0019% / 8h | 21m 00s | $72.8M | $233.0M | 75x |
Kraken Futures PF_BCHUSD
Binance BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $22.39
- Price spread: −0.036% → −0.053%
- $1.71
- Slippage, 4 orders
- −$22.84
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$18.73
- Costs to cover
- 0.428%
- Break-even
- 12.9 days
Slippage from Kraken Futures: live order book, 3 min ago; Binance: live order book, 8 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, 3 min ago | 4.33 bp | 15.0 bp −$15 | 31.4 bp −$314 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.19 bp | 6.9 bp −$7 | 26.0 bp −$260 | 85.5 bp −$8,553 | 156.0 bp −$78.0K |
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 | −0.0652% | 1h | 265.87 | −0.110% | $449K | $266K | 25x | as long as short |
| SoDEX BCH-USD | −0.0248% | 1h | 265.84 | −0.122% | $2K | $6K | 10x | as long as short |
| ApeX Omni BCHUSDT | −0.0207% | 1h | 265.34 | −0.310% | $72K | $213K | 50x | as long as short |
| Variational Omni BCH | −0.0142% | 8h | 265.71 | −0.169% | $81K | $292K | — | as long as short |
| Kraken Futures PF_BCHUSDlong | −0.0126% | 1h | 266.17 | long leg | $848K | $3.1M | 50x | |
| Phemex BCHUSDT | −0.0095% | 8h | 266.23 | +0.024% | $4.8M | $6.4M | 50x | as long as short |
| Bybit BCHUSDT | −0.0086% | 8h | 266.10 | −0.024% | $39.2M | $32.9M | 75x | as long as short |
| Injective BCH/USDC PERP | −0.0054% | 1h | 270.20 | +1.516% | $721 | $130K | 12x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0032% | 1h | 265.43 | −0.276% | $223K | $2.1M | 50x | as long as short |
| MEXC BCH_USDT | −0.0020% | 8h | 266.56 | +0.148% | $69.8M | $6.9M | 200x | as long as short |
Deribit BCH_USDC-PERPETUAL
SoDEX BCH-USD
ApeX Omni BCHUSDT
Variational Omni BCH
Phemex BCHUSDT
Bybit BCHUSDT
Injective BCH/USDC PERP
Coinbase International BCH-PERP-INTX
MEXC BCH_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BCHUSDTshort | −0.0019% | 8h | 266.07 | −0.036% | $72.8M | $233.0M | 75x | |
| Extended BCH-USD | −0.0016% | 1h | 265.90 | −0.100% | $114K | $652K | 25x | as long as short |
| Gate BCH_USDT | −0.0010% | 8h | 266.12 | −0.017% | $8.3M | $14.8M | 75x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 266.06 | −0.039% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 266.37 | +0.077% | $1.2M | $11.7M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 266.05 | −0.042% | $4K | — | 150x | as long as short |
| GRVT BCH_USDT_Perp | +0.0023% | 8h | 265.24 | −0.349% | $387K | $17K | 10x | as long as short |
| Bitget BCHUSDT | +0.0025% | 8h | 266.12 | −0.017% | $19.0M | $30.0M | 75x | as long as short |
| Orderly PERP_BCH_USDC | +0.0027% | 8h | 265.79 | −0.141% | $2K | $176 | 10x | as long as short |
| OKX BCH-USDT-SWAP | +0.0035% | 8h | 266.00 | −0.062% | $25.8M | $78.1M | 50x | as long as short |
| BingX BCH-USDC | +0.0038% | 8h | 266.08 | −0.032% | — | $6.5M | — | as long as short |
| Nado BCH-PERP | +0.0075% | 1h | 265.74 | −0.161% | $443K | $435K | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 266.11 | −0.020% | $367K | $557K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 266.36 | +0.073% | $6.0M | $4.4M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 266.15 | −0.004% | $211K | $674K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 265.89 | −0.102% | $162K | $440K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 266.25 | +0.032% | $9.0M | $7.8M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 265.24 | −0.346% | $19K | $290K | 20x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 265.69 | −0.179% | $2K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 266.06 | −0.039% | $772K | $1.6M | 75x | as long as short |
| BloFin BCH-USDT | +0.0101% | 8h | 266.08 | −0.032% | $3.9M | $4.2M | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0332% / S −0.0451% | 1h | 265.99 | −0.067% | $25K | — | 100x | as long as short |
Extended BCH-USD
Gate BCH_USDT
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
GRVT BCH_USDT_Perp
Bitget BCHUSDT
Orderly PERP_BCH_USDC
OKX BCH-USDT-SWAP
BingX BCH-USDC
Nado BCH-PERP
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
SunX BCH-USDT
HTX BCH-USDT
BloFin BCH-USDT
GMX BCH/USD [WBTC.b-USDC]