Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0023%/8h= −2.6% APRpaid last 24h +0.026%

Price spread now: KuCoin against Kraken Futures−0.185%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$600.597% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.207%+$21 on $10k

Price spread, last 4 days (all we have)+0.129%+$13 · spread now −0.185%, 7d avg −0.024%

Together, before fees+0.337%+$34 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.161% cheaper against Kraken Futures than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.024%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.207%, 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	270.78	0.0024	pay 0.0003% / 1h	46m 30s	$877K	$2.5M	50x
Short	KuCoin BCHUSDTM	270.28	0.0001	get 0.0001% / 8h	5h 46m	$8.9M	$5.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.185%Rate

Funding earned: −$4.89
Price spread: −0.185% → −0.024%: −$16.12
Slippage, 4 orders: −$37.67
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$80.68
Costs to cover: 0.597%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; KuCoin: 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	5.74 bp	17.0 bp −$17	26.8 bp −$268	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	1.30 bp	15.2 bp −$15	71.8 bp −$718	doesn't fit	doesn't fit

BCH on 32 exchanges

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	−0.0405%	1h	270.55	−0.085%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0353%	8h	270.70	−0.030%	$5.0M	$6.3M	50x	as long as short
Variational Omni BCH	−0.0127%	8h	269.78	−0.369%	$152K	$229K	—	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0127%	1h	270.80	+0.008%	$427K	$356K	25x	as long as short
OKX BCH-USDT-SWAP	−0.0114%	8h	270.10	−0.252%	$26.1M	$75.8M	50x	as long as short
ApeX Omni BCHUSDT	−0.0100%	1h	269.97	−0.300%	$98K	$245K	50x	as long as short
Bybit BCHUSDT	−0.0075%	8h	270.20	−0.215%	$39.8M	$31.2M	75x	as long as short
Extended BCH-USD	−0.0072%	1h	270.17	−0.224%	$118K	$917K	25x	as long as short
Binance BCHUSDT	−0.0069%	8h	270.27	−0.190%	$74.4M	$201.7M	75x	as long as short
MEXC BCH_USDT	−0.0068%	8h	270.92	+0.051%	$73.6M	$9.4M	200x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BCH_USDT_Perp	−0.0067%	8h	270.04	−0.275%	$394K	$17K	10x	as long as short
Gate BCH_USDT	−0.0061%	8h	270.35	−0.159%	$8.2M	$12.2M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0003% / S +0.0007%	1h	270.81	+0.011%	$18K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	270.17	−0.228%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	271.03	+0.092%	$1.0M	$8.7M	2.7x	as long as short
KuCoin BCHUSDTMshort	+0.0001%	8h	270.28	−0.185%	$8.9M	$5.5M	75x
BingX BCH-USDT	+0.0003%	8h	270.35	−0.159%	—	$13.7M	—	as long as short
Bitget BCHUSDT	+0.0004%	8h	270.22	−0.207%	$19.4M	$26.2M	75x	as long as short
Nado BCH-PERP	+0.0023%	1h	270.14	−0.235%	$461K	$374K	10x	as long as short
Kraken Futures PF_BCHUSDlong	+0.0024%	1h	270.78	long leg	$877K	$2.5M	50x
HTX BCH-USDT	+0.0029%	8h	270.74	−0.015%	$791K	$1.2M	75x	as long as short
Pacifica BCH	+0.0033%	1h	270.29	−0.181%	$156K	$270K	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	−0.215%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0042%	8h	270.69	−0.034%	$2K	$540	10x	as long as short
Aster BCHUSDT	+0.0042%	8h	270.34	−0.163%	$147K	$509K	75x	as long as short
BloFin BCH-USDT	+0.0052%	8h	270.61	−0.063%	$3.6M	$5.4M	50x	as long as short
Lighter BCH	+0.0096%	1h	270.38	−0.150%	$394K	$433K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	270.51	−0.100%	$6.1M	$4.5M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	269.77	−0.375%	$19K	$346K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	270.43	−0.130%	$2K	$1.4M	30x	as long as short
Coinbase International BCH-PERP-INTX	+0.0200%	1h	271.40	+0.229%	$359K	$2.1M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0227% / S −0.0201%	1h	270.86	+0.029%	$15K	—	100x	as long as short