Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.035%

Price spread now: Kraken Futures against MEXC−0.117%7-day average −0.141% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$410.414% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 3 days (all we have)+0.045%+$5 · spread now −0.117%, 7d avg −0.141%

Together, before fees−0.031%−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.024% dearer against MEXC than usual: you sell high and buy low (spread −0.117% now, against its 7-day average of −0.141%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.076% in total) that is about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BCH_USDT	271.54	−0.0024	get 0.0024% / 8h	45m 17s	$71.2M	$6.6M	200x
Short	Kraken Futures PF_BCHUSD	271.22	−0.0124	pay 0.0015% / 1h	45m 17s	$821K	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now −0.117%Rate

Funding earned: −$20.95
Price spread: −0.117% → −0.141%: $2.41
Slippage, 4 orders: −$27.4
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$59.95
Costs to cover: 0.414%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Kraken Futures: 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 MEXC live order book, 4 min ago	2.58 bp	5.2 bp −$5	11.6 bp −$116	40.6 bp −$4,063	82.3 bp −$41.2K
Sell Kraken Futures live order book, 4 min ago	6.64 bp	12.0 bp −$12	21.8 bp −$218	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	−0.0373%	1h	271.07	−0.174%	$458K	$266K	25x	as long as short
Phemex BCHUSDT	−0.0186%	8h	270.99	−0.203%	$4.9M	$6.6M	50x	as long as short
Variational Omni BCH	−0.0131%	8h	270.92	−0.230%	$83K	$294K	—	as long as short
Kraken Futures PF_BCHUSDshort	−0.0124%	1h	271.22	−0.117%	$821K	$3.2M	50x
Bybit BCHUSDT	−0.0078%	8h	270.90	−0.236%	$39.6M	$33.2M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	−0.493%	$721	$130K	12x	as long as short
SoDEX BCH-USD	−0.0045%	1h	270.98	−0.206%	$2K	$6K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	270.91	−0.232%	$240K	$2.1M	50x	as long as short
Extended BCH-USD	−0.0024%	1h	270.81	−0.268%	$117K	$653K	25x	as long as short
MEXC BCH_USDTlong	−0.0024%	8h	271.54	long leg	$71.2M	$6.6M	200x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0022%	8h	270.98	−0.206%	$75.6M	$235.1M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	271.30	−0.088%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	270.96	−0.214%	$1.3M	$11.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	271.15	−0.143%	$5K	—	150x	as long as short
Gate BCH_USDT	+0.0015%	8h	271.00	−0.199%	$8.4M	$14.4M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0025%	8h	270.99	−0.203%	$2K	$176	10x	as long as short
GRVT BCH_USDT_Perp	+0.0029%	8h	270.88	−0.242%	$395K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0039%	8h	271.10	−0.162%	$19.6M	$29.6M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0053%	8h	270.90	−0.236%	$26.6M	$79.4M	50x	as long as short
BingX BCH-USDC	+0.0057%	8h	271.00	−0.199%	—	$6.5M	—	as long as short
BloFin BCH-USDT	+0.0095%	8h	270.70	−0.309%	$4.0M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	271.18	−0.131%	$375K	$554K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	271.04	−0.183%	$441K	$430K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	271.35	−0.070%	$6.1M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	271.11	−0.158%	$217K	$705K	75x	as long as short
Pacifica BCH	+0.0100%	1h	271.17	−0.136%	$165K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	271.15	−0.144%	$9.3M	$7.9M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	270.83	−0.261%	$19K	$291K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	270.65	−0.328%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	270.82	−0.265%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	270.93	−0.225%	$779K	$1.7M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0335% / S −0.0340%	1h	271.14	−0.149%	$27K	—	100x	as long as short