Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0226%/8h= −24.8% APRpaid last 24h −0.032%

Price spread now: Kraken Futures against SunX+0.177%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$980.975% of the position

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.234%−$23 on $10k

Price spread, last 3 days (all we have)−0.069%−$7 · spread now +0.177%, 7d avg +0.082%

Together, before fees−0.303%−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.095% dearer against SunX than usual: you sell high and buy low (spread +0.177% now, against its 7-day average of +0.082%): +$10 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 34 hours. At the pace of the last 7 days (−0.234% in total) that is about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BCH-USDT	265.26	0.0100	pay 0.0100% / 8h	22m 30s	$1K	$2.0M	30x
Short	Kraken Futures PF_BCHUSD	265.73	−0.0126	pay 0.0016% / 1h	22m 30s	$846K	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against SunX. 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 SunXbpFee Kraken FuturesbpOrdersPrice spread, now +0.177%Rate

Funding earned: −$47.53
Price spread: +0.177% → +0.082%: $9.51
Slippage, 4 orders: −$79.53
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$135.56
Costs to cover: 0.975%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; Kraken Futures: live order book, 1 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 SunX live order book, 3 min ago	19.59 bp	40.2 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	4.33 bp	13.4 bp −$13	23.4 bp −$234	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	−0.0435%	1h	265.47	+0.080%	$448K	$266K	25x	as long as short
ApeX Omni BCHUSDT	−0.0248%	1h	265.74	+0.181%	$72K	$213K	50x	as long as short
SoDEX BCH-USD	−0.0241%	1h	265.41	+0.057%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0145%	8h	266.12	+0.324%	$82K	$292K	—	as long as short
Kraken Futures PF_BCHUSDshort	−0.0126%	1h	265.73	+0.177%	$846K	$3.1M	50x
Phemex BCHUSDT	−0.0088%	8h	265.70	+0.166%	$4.8M	$6.4M	50x	as long as short
Bybit BCHUSDT	−0.0087%	8h	266.10	+0.317%	$39.2M	$32.9M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+1.862%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	265.57	+0.117%	$223K	$2.1M	50x	as long as short
Extended BCH-USD	−0.0024%	1h	265.62	+0.134%	$114K	$652K	25x	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	265.97	+0.268%	$72.9M	$232.9M	75x	as long as short
MEXC BCH_USDT	−0.0020%	8h	266.14	+0.332%	$69.7M	$6.9M	200x	as long as short
Gate BCH_USDT	−0.0011%	8h	265.68	+0.158%	$8.3M	$14.8M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	265.69	+0.162%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.72	+0.173%	$1.2M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.53	+0.103%	$4K	—	150x	as long as short
Bitget BCHUSDT	+0.0025%	8h	265.95	+0.260%	$19.0M	$30.0M	75x	as long as short
GRVT BCH_USDT_Perp	+0.0026%	8h	266.22	+0.363%	$388K	$17K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0027%	8h	265.33	+0.026%	$2K	$176	10x	as long as short
OKX BCH-USDT-SWAP	+0.0036%	8h	266.00	+0.279%	$25.8M	$78.0M	50x	as long as short
BingX BCH-USDC	+0.0039%	8h	265.71	+0.170%	—	$6.5M	—	as long as short
Nado BCH-PERP	+0.0083%	1h	265.73	+0.177%	$443K	$435K	10x	as long as short
Lighter BCH	+0.0096%	1h	265.63	+0.139%	$366K	$557K	10x	as long as short
BloFin BCH-USDT	+0.0099%	8h	265.27	+0.004%	$3.9M	$4.2M	50x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.86	+0.226%	$6.0M	$4.4M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.57	+0.117%	$211K	$674K	75x	as long as short
Pacifica BCH	+0.0100%	1h	265.69	+0.162%	$161K	$440K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	265.79	+0.200%	$9.0M	$7.8M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.71	+0.168%	$19K	$290K	20x	as long as short
SunX BCH-USDTlong	+0.0100%	8h	265.26	long leg	$1K	$2.0M	30x
HTX BCH-USDT	+0.0100%	8h	265.54	+0.106%	$771K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0332% / S −0.0340%	1h	265.47	+0.081%	$27K	—	100x	as long as short