Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1560%/8h= −170.8% APRpaid last 24h +0.037%

Price spread now: SunX against Kraken Futures−0.085%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1021.019% of the position

Long on Kraken Futures Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.239%+$24 on $10k

Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.085%, 7d avg −0.083%

Together, before fees+0.329%+$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.083%, so right now this pair is about funding alone: −$47 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.239%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.239% in total (about 12.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BCHUSD	266.41	−0.0031	get 0.0004% / 1h	29m 22s	$854K	$3.0M	50x
Short	SunX BCH-USDT	266.18	−0.1591	pay 0.1591% / 8h	5h 29m	$1K	$1.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.085%Rate

Funding earned: −$327.51
Price spread: −0.085% → −0.083%: −$0.2
Slippage, 4 orders: −$83.89
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$429.6
Costs to cover: 1.019%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; SunX: live order book, 6 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	5.83 bp	15.6 bp −$16	26.6 bp −$266	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	19.57 bp	28.8 bp −$29	doesn't fit	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
SunX BCH-USDTshort	−0.1591%	8h	266.18	−0.085%	$1K	$1.7M	30x
HTX BCH-USDT	−0.0505%	8h	266.48	+0.028%	$775K	$1.5M	75x	as long as short
Phemex BCHUSDT	−0.0473%	8h	266.26	−0.055%	$4.9M	$6.6M	50x	as long as short
SoDEX BCH-USD	−0.0309%	1h	266.20	−0.078%	$2K	$8K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0159%	1h	266.35	−0.021%	$447K	$311K	25x	as long as short
GRVT BCH_USDT_Perp	−0.0147%	8h	266.38	−0.010%	$388K	$17K	10x	as long as short
Nado BCH-PERP	−0.0129%	1h	266.15	−0.096%	$423K	$340K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0128%	1h	266.62	+0.080%	$226K	$1.8M	50x	as long as short
Gate BCH_USDT	−0.0118%	8h	266.28	−0.048%	$8.3M	$13.3M	75x	as long as short
Extended BCH-USD	−0.0112%	1h	266.07	−0.125%	$116K	$953K	25x	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	−0.0108%	8h	266.66	+0.095%	$70.3M	$6.9M	200x	as long as short
Binance BCHUSDT	−0.0108%	8h	266.23	−0.066%	$72.5M	$214.4M	75x	as long as short
Variational Omni BCH	−0.0104%	8h	266.20	−0.079%	$82K	$201K	—	as long as short
ApeX Omni BCHUSDT	−0.0078%	1h	266.39	−0.006%	$97K	$227K	50x	as long as short
OKX BCH-USDT-SWAP	−0.0065%	8h	266.10	−0.115%	$25.3M	$74.2M	50x	as long as short
KuCoin BCHUSDTM	−0.0062%	8h	266.24	−0.063%	$8.6M	$7.2M	75x	as long as short
Bitget BCHUSDT	−0.0059%	8h	266.18	−0.085%	$19.2M	$28.4M	75x	as long as short
Bybit BCHUSDT	−0.0048%	8h	266.20	−0.078%	$39.3M	$31.1M	75x	as long as short
BingX BCH-USDC	−0.0046%	8h	266.27	−0.051%	—	$6.5M	—	as long as short
Kraken Futures PF_BCHUSDlong	−0.0031%	1h	266.41	long leg	$854K	$3.0M	50x
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	266.32	−0.031%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	266.48	+0.028%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.71	+0.114%	$1.1M	$10.3M	2.7x	as long as short
BloFin BCH-USDT	+0.0010%	8h	266.28	−0.048%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0021%	1h	266.27	−0.053%	$162K	$321K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0033%	8h	266.14	−0.100%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.424%	$721	$130K	12x	as long as short
Lighter BCH	+0.0096%	1h	266.28	−0.046%	$367K	$479K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.49	+0.031%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.30	−0.041%	$168K	$519K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.74	−0.251%	$19K	$292K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0357% / S −0.0525%	1h	266.35	−0.020%	$25K	—	100x	as long as short