Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0066%/8h= −7.2% APRpaid last 24h +0.008%

Price spread now: Bybit against Kraken Futures+0.031%7-day average −0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$570.574% of the position

Long on Kraken Futures Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.115%+$11 on $10k

Price spread, last 4 days (all we have)+0.109%+$11 · spread now +0.031%, 7d avg −0.072%

Together, before fees+0.224%+$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.102% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.072%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.115%, 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	Kraken Futures PF_BCHUSD	268.92	0.0104	pay 0.0013% / 1h	58m 32s	$881K	$2.7M	50x
Short	Bybit BCHUSDT	269.00	0.0038	get 0.0038% / 8h	6h 58m	$39.8M	$31.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$13.85
Price spread: +0.031% → −0.072%: $10.24
Slippage, 4 orders: −$36.37
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$60.98
Costs to cover: 0.574%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago	5.00 bp	17.2 bp −$17	33.4 bp −$334	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.85 bp	11.0 bp −$11	19.5 bp −$195	79.8 bp −$7,983	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
Phemex BCHUSDT	−0.0285%	8h	268.85	−0.025%	$5.0M	$6.5M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0222%	1h	268.75	−0.061%	$422K	$356K	25x	as long as short
Variational Omni BCH	−0.0119%	8h	270.00	+0.403%	$147K	$259K	—	as long as short
SoDEX BCH-USD	−0.0114%	1h	268.82	−0.036%	$2K	$8K	10x	as long as short
OKX BCH-USDT-SWAP	−0.0107%	8h	269.00	+0.031%	$25.5M	$76.2M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0097%	8h	270.39	+0.549%	$394K	$17K	10x	as long as short
Binance BCHUSDT	−0.0060%	8h	268.97	+0.020%	$74.0M	$205.9M	75x	as long as short
MEXC BCH_USDT	−0.0059%	8h	269.44	+0.194%	$72.7M	$9.3M	200x	as long as short
Extended BCH-USD	−0.0056%	1h	269.02	+0.038%	$121K	$921K	25x	as long as short
Bitget BCHUSDT	−0.0055%	8h	269.04	+0.046%	$19.4M	$27.2M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BCHUSDTM	−0.0047%	8h	268.90	−0.007%	$8.5M	$5.9M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	270.16	+0.462%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	269.16	+0.091%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.56	+0.239%	$1.0M	$8.7M	2.7x	as long as short
BingX BCH-USDC	+0.0004%	8h	269.08	+0.060%	—	$6.5M	—	as long as short
Gate BCH_USDT	+0.0015%	8h	269.05	+0.049%	$8.3M	$12.4M	75x	as long as short
Aster BCHUSDT	+0.0021%	8h	269.19	+0.101%	$149K	$556K	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.477%	$721	$130K	12x	as long as short
Bybit BCHUSDTshort	+0.0038%	8h	269.00	+0.031%	$39.8M	$31.0M	75x
Orderly PERP_BCH_USDC	+0.0044%	8h	268.67	−0.092%	$2K	$540	10x	as long as short
BloFin BCH-USDT	+0.0060%	8h	268.73	−0.070%	$3.5M	$5.2M	50x	as long as short
Pacifica BCH	+0.0095%	1h	268.96	+0.016%	$156K	$278K	10x	as long as short
Lighter BCH	+0.0096%	1h	269.10	+0.069%	$393K	$466K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	269.13	+0.080%	$458K	$378K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.03	+0.042%	$5.9M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	270.12	+0.448%	$19K	$346K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	270.49	+0.585%	$98K	$243K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	269.65	+0.272%	$1K	$1.5M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	269.08	+0.060%	$781K	$1.3M	75x	as long as short
Kraken Futures PF_BCHUSDlong	+0.0104%	1h	268.92	long leg	$881K	$2.7M	50x
Coinbase International BCH-PERP-INTX	+0.0144%	1h	269.24	+0.120%	$346K	$2.1M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0210% / S −0.0163%	1h	270.39	+0.546%	$13K	—	100x	as long as short