Funding you earn now, next payment 00:00 UTC−0.0292%/8h= −32.0% APRnext payment −$2.92 per $10,000 · paid last 24h −0.021%
Price spread now: Phemex against Aster−0.099%52s7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$410.411% of the position
Funding, last 7 days−0.143%−$14 on $10k
+Price spread, last 3 days (all we have)+0.047%+$5 · spread now −0.099%, 7d avg −0.024%
=Together, before fees−0.096%+ Points / potential airdropAster: Stage 5 · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Phemex is 0.075% cheaper against Aster than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.024%). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.143% in total (about -7.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.92 per $10,000. 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 | Aster BCHUSDT | 270.85 | 0.0100 | pay 0.0100% / 8h | 58m 18s | $219K | $704K | 75x |
| Short | Phemex BCHUSDT | 270.58 | −0.0192 | pay 0.0192% / 8h | 58m 18s | $4.9M | $6.5M | 50x |
Aster BCHUSDT
Phemex BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$61.33
- Price spread: −0.099% → −0.024%
- −$7.52
- Slippage, 4 orders
- −$21.07
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$109.93
- Costs to cover
- 0.411%
- Break-even
- never at this rate
Slippage from Aster: live order book, 19 min ago; Phemex: 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 Aster live order book, 19 min ago | 4.63 bp | 9.5 bp −$9 | 31.4 bp −$314 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 1.29 bp | 9.7 bp −$10 | 19.3 bp −$193 | 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 | −0.0207% | 1h | 270.93 | +0.029% | $459K | $265K | 25x | as long as short |
| Phemex BCHUSDTshort | −0.0192% | 8h | 270.58 | −0.099% | $4.9M | $6.5M | 50x | |
| Variational Omni BCH | −0.0127% | 8h | 270.01 | −0.308% | $83K | $294K | — | as long as short |
| Kraken Futures PF_BCHUSD | −0.0124% | 1h | 271.06 | +0.077% | $820K | $3.2M | 50x | as long as short |
| SoDEX BCH-USD | −0.0117% | 1h | 270.75 | −0.036% | $2K | $6K | 10x | as long as short |
| Bybit BCHUSDT | −0.0073% | 8h | 270.70 | −0.055% | $39.6M | $33.1M | 75x | as long as short |
| Injective BCH/USDC PERP | −0.0054% | 1h | 270.20 | −0.239% | $721 | $130K | 12x | as long as short |
| Binance BCHUSDT | −0.0034% | 8h | 270.88 | +0.012% | $75.4M | $234.6M | 75x | as long as short |
| MEXC BCH_USDT | −0.0033% | 8h | 271.40 | +0.204% | $71.1M | $6.6M | 200x | as long as short |
| Extended BCH-USD | −0.0032% | 1h | 270.67 | −0.065% | $116K | $653K | 25x | as long as short |
Deribit BCH_USDC-PERPETUAL
Variational Omni BCH
Kraken Futures PF_BCHUSD
SoDEX BCH-USD
Bybit BCHUSDT
Injective BCH/USDC PERP
Binance BCHUSDT
MEXC BCH_USDT
Extended BCH-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BCH-PERP-INTX | −0.0032% | 1h | 270.64 | −0.077% | $241K | $2.1M | 50x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 270.65 | −0.073% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 270.86 | +0.004% | $1.3M | $11.8M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 271.00 | +0.056% | $4K | — | 150x | as long as short |
| Gate BCH_USDT | +0.0009% | 8h | 270.79 | −0.022% | $8.4M | $14.3M | 75x | as long as short |
| GRVT BCH_USDT_Perp | +0.0020% | 8h | 270.20 | −0.241% | $394K | $17K | 10x | as long as short |
| Orderly PERP_BCH_USDC | +0.0024% | 8h | 270.82 | −0.011% | $2K | $176 | 10x | as long as short |
| Bitget BCHUSDT | +0.0031% | 8h | 270.79 | −0.022% | $19.7M | $29.6M | 75x | as long as short |
| OKX BCH-USDT-SWAP | +0.0057% | 8h | 270.80 | −0.018% | $26.6M | $79.1M | 50x | as long as short |
| BingX BCH-USDC | +0.0060% | 8h | 270.87 | +0.008% | — | $6.5M | — | as long as short |
| BloFin BCH-USDT | +0.0086% | 8h | 270.60 | −0.092% | $4.0M | $4.2M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 270.64 | −0.076% | $379K | $550K | 10x | as long as short |
| Nado BCH-PERP | +0.0100% | 1h | 270.65 | −0.072% | $442K | $429K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 271.19 | +0.126% | $6.1M | $4.2M | 10x | as long as short |
| Aster BCHUSDTlong | +0.0100% | 8h | 270.85 | long leg | $219K | $704K | 75x | |
| Pacifica BCH | +0.0100% | 1h | 270.61 | −0.088% | $164K | $467K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 270.92 | +0.026% | $9.3M | $8.0M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 270.31 | −0.198% | $19K | $291K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 270.41 | −0.162% | $73K | $214K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 270.30 | −0.203% | $1K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 270.51 | −0.125% | $778K | $1.7M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0335% / S −0.0340% | 1h | 271.02 | +0.062% | $27K | — | 100x | as long as short |
Coinbase International BCH-PERP-INTX
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Gate BCH_USDT
GRVT BCH_USDT_Perp
Orderly PERP_BCH_USDC
Bitget BCHUSDT
OKX BCH-USDT-SWAP
BingX BCH-USDC
BloFin BCH-USDT
Lighter BCH
Nado BCH-PERP
Hyperliquid BCH
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]