Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0070%/8h= −7.6% APRpaid last 24h +0.065%

Price spread now: BloFin against Kraken Futures−0.153%57s7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as 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−$540.537% of the position

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.315%+$31 on $10k

Price spread, last 3 days (all we have)+0.042%+$4 · spread now −0.153%, 7d avg −0.056%

Together, before fees+0.356%+$36 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 BloFin is 0.097% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.056%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.315%, so the current rate has only just turned against you. The two prices were read 57 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	Kraken Futures PF_BCHUSD	270.12	0.0113	pay 0.0014% / 1h	49m 22s	$807K	$3.2M	50x
Short	BloFin BCH-USDT	269.71	0.0043	get 0.0043% / 8h	1h 49m	$4.0M	$4.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 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 Kraken FuturesbpFee BloFinbpOrdersPrice spread, now −0.153%Rate

Funding earned: −$14.61
Price spread: −0.153% → −0.056%: −$9.69
Slippage, 4 orders: −$31.74
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$78.05
Costs to cover: 0.537%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; BloFin: 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 Kraken Futures live order book, 4 min ago	7.21 bp	12.5 bp −$13	24.4 bp −$244	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.19 bp	6.8 bp −$7	15.5 bp −$155	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
Deribit BCH_USDC-PERPETUAL	−0.0572%	1h	269.96	−0.059%	$458K	$263K	25x	as long as short
Phemex BCHUSDT	−0.0209%	8h	269.97	−0.057%	$4.9M	$6.3M	50x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	270.20	+0.028%	$721	$130K	12x	as long as short
Extended BCH-USD	−0.0080%	1h	269.85	−0.100%	$116K	$653K	25x	as long as short
Binance BCHUSDT	−0.0077%	8h	269.99	−0.050%	$75.2M	$231.9M	75x	as long as short
MEXC BCH_USDT	−0.0076%	8h	270.69	+0.210%	$71.6M	$6.3M	200x	as long as short
Variational Omni BCH	−0.0071%	8h	269.63	−0.184%	$86K	$291K	—	as long as short
SoDEX BCH-USD	−0.0044%	1h	269.87	−0.094%	$2K	$6K	10x	as long as short
Bitget BCHUSDT	−0.0021%	8h	270.05	−0.027%	$20.0M	$29.0M	75x	as long as short
Gate BCH_USDT	−0.0016%	8h	269.95	−0.064%	$8.4M	$14.7M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BCH_USDT_Perp	−0.0001%	8h	269.74	−0.142%	$393K	$17K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	270.03	−0.035%	$5K	$248	10x	as long as short
Bybit BCHUSDT	0.0000%	8h	269.82	−0.112%	$39.7M	$32.6M	75x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	270.43	+0.113%	$1.1M	$11.5M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	270.14	+0.006%	$4K	—	150x	as long as short
Coinbase International BCH-PERP-INTX	+0.0016%	1h	269.84	−0.105%	$232K	$2.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0026%	8h	269.80	−0.120%	$2K	$176	10x	as long as short
Nado BCH-PERP	+0.0037%	1h	269.85	−0.102%	$443K	$427K	10x	as long as short
BloFin BCH-USDTshort	+0.0043%	8h	269.71	−0.153%	$4.0M	$4.1M	50x
BingX BCH-USDT	+0.0044%	8h	269.96	−0.061%	—	$32.0M	—	as long as short
OKX BCH-USDT-SWAP	+0.0047%	8h	270.00	−0.046%	$26.1M	$77.3M	50x	as long as short
Lighter BCH	+0.0096%	1h	270.02	−0.037%	$379K	$583K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	270.34	+0.080%	$6.1M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	269.89	−0.087%	$220K	$700K	75x	as long as short
Pacifica BCH	+0.0100%	1h	269.99	−0.050%	$164K	$468K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	269.98	−0.053%	$8.9M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	269.81	−0.117%	$19K	$289K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	269.73	−0.146%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	269.84	−0.105%	$786K	$1.7M	75x	as long as short
Kraken Futures PF_BCHUSDlong	+0.0113%	1h	270.12	long leg	$807K	$3.2M	50x
ApeX Omni BCHUSDT	+0.0341%	1h	270.36	+0.087%	$73K	$214K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0341% / S −0.0467%	1h	270.24	+0.043%	$26K	—	100x	as long as short