Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0224%/8h= −24.5% APRpaid last 24h −0.038%

Price spread now: Kraken Futures against KuCoin+0.073%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$630.633% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.190%−$19 on $10k

Price spread, last 3 days (all we have)−0.036%−$4 · spread now +0.073%, 7d avg +0.030%

Together, before fees−0.225%−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.043% dearer against KuCoin than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of +0.030%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.190% in total) that is about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BCHUSDTM	270.43	0.0100	pay 0.0100% / 8h	38m 51s	$9.3M	$7.9M	75x
Short	Kraken Futures PF_BCHUSD	270.63	−0.0124	pay 0.0016% / 1h	38m 51s	$819K	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$47.05
Price spread: +0.073% → +0.030%: $4.28
Slippage, 4 orders: −$41.27
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$106.04
Costs to cover: 0.633%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Kraken Futures: 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 KuCoin live order book, 4 min ago	2.03 bp	17.0 bp −$17	65.8 bp −$658	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	6.09 bp	11.1 bp −$11	22.5 bp −$225	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	−0.0360%	1h	270.50	+0.025%	$457K	$266K	25x	as long as short
Phemex BCHUSDT	−0.0179%	8h	270.44	+0.004%	$4.9M	$6.5M	50x	as long as short
Variational Omni BCH	−0.0139%	8h	270.42	−0.005%	$83K	$294K	—	as long as short
Kraken Futures PF_BCHUSDshort	−0.0124%	1h	270.63	+0.073%	$819K	$3.2M	50x
SoDEX BCH-USD	−0.0110%	1h	270.38	−0.018%	$2K	$6K	10x	as long as short
Bybit BCHUSDT	−0.0086%	8h	269.70	−0.270%	$39.5M	$33.3M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	−0.085%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	271.05	+0.229%	$240K	$2.1M	50x	as long as short
Extended BCH-USD	−0.0024%	1h	270.10	−0.121%	$117K	$653K	25x	as long as short
MEXC BCH_USDT	−0.0021%	8h	270.18	−0.092%	$70.8M	$6.6M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0021%	8h	269.75	−0.253%	$75.2M	$235.2M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	270.71	+0.103%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	270.91	+0.177%	$1.3M	$11.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	270.55	+0.046%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0007%	8h	269.88	−0.203%	$8.4M	$14.4M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0025%	8h	270.39	−0.015%	$2K	$176	10x	as long as short
GRVT BCH_USDT_Perp	+0.0031%	8h	270.56	+0.049%	$394K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0036%	8h	270.25	−0.067%	$19.6M	$29.6M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0043%	8h	269.60	−0.307%	$26.6M	$79.2M	50x	as long as short
BingX BCH-USDT	+0.0053%	8h	269.79	−0.237%	—	$31.0M	—	as long as short
Lighter BCH	+0.0096%	1h	270.41	−0.008%	$374K	$554K	10x	as long as short
BloFin BCH-USDT	+0.0099%	8h	270.29	−0.052%	$4.0M	$4.2M	50x	as long as short
Nado BCH-PERP	+0.0100%	1h	270.36	−0.028%	$440K	$431K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	270.64	+0.078%	$6.1M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	270.30	−0.047%	$217K	$707K	75x	as long as short
Pacifica BCH	+0.0100%	1h	270.46	+0.011%	$164K	$467K	10x	as long as short
KuCoin BCHUSDTMlong	+0.0100%	8h	270.43	long leg	$9.3M	$7.9M	75x
edgeX BCHUSDC	+0.0100%	4h	270.46	+0.010%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	270.64	+0.078%	$73K	$213K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	270.22	−0.078%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	270.39	−0.015%	$777K	$1.7M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0335% / S −0.0340%	1h	270.54	+0.039%	$27K	—	100x	as long as short