Funding you earn now, next payment 00:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.40 per $10,000 · paid last 24h −0.006%
Price spread now: Bybit against BingX−0.103%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$330.326% of the position
Funding, last 7 days−0.062%−$6 on $10k
+Price spread, last 7 days+0.058%+$6 · spread now −0.103%, 7d avg −0.030%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.073% cheaper against BingX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.030%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX BCH-USDT | 271.31 | 0.0038 | pay 0.0038% / 8h | 1h 55m | — | $32.0M | — |
| Short | Bybit BCHUSDT | 271.03 | −0.0002 | pay 0.0002% / 8h | 1h 55m | $39.9M | $32.5M | 75x |
BingX BCH-USDT
Bybit BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. 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
- −$8.38
- Price spread: −0.103% → −0.030%
- −$7.31
- Slippage, 4 orders
- −$11.57
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$48.27
- Costs to cover
- 0.326%
- Break-even
- never at this rate
Slippage from BingX: live order book, 13 min ago; Bybit: live order book, 3 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 BingX live order book, 13 min ago | 0.56 bp | 5.6 bp −$6 | 6.7 bp −$67 | 11.1 bp −$1,109 | 19.3 bp −$9,632 |
| Sell Bybit live order book, 3 min ago | 1.86 bp | 9.9 bp −$10 | 18.8 bp −$188 | 65.9 bp −$6,594 | 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 | −0.0243% | 1h | 269.72 | −0.586% | $457K | $263K | 25x | as long as short |
| Phemex BCHUSDT | −0.0196% | 8h | 269.54 | −0.652% | $4.9M | $6.3M | 50x | as long as short |
| Injective BCH/USDC PERP | −0.0154% | 1h | 268.50 | −1.036% | $716 | $110K | 12x | as long as short |
| Binance BCHUSDT | −0.0083% | 8h | 271.23 | −0.028% | $74.8M | $231.2M | 75x | as long as short |
| MEXC BCH_USDT | −0.0082% | 8h | 271.40 | +0.033% | $71.8M | $6.3M | 200x | as long as short |
| Extended BCH-USD | −0.0080% | 1h | 269.86 | −0.534% | $116K | $653K | 25x | as long as short |
| Variational Omni BCH | −0.0071% | 8h | 267.74 | −1.317% | $85K | $291K | — | as long as short |
| Bitget BCHUSDT | −0.0027% | 8h | 270.77 | −0.199% | $20.1M | $29.0M | 75x | as long as short |
| Gate BCH_USDT | −0.0024% | 8h | 271.02 | −0.107% | $8.4M | $14.4M | 75x | as long as short |
| GRVT BCH_USDT_Perp | −0.0013% | 8h | 267.83 | −1.283% | $390K | $17K | 10x | as long as short |
Deribit BCH_USDC-PERPETUAL
Phemex BCHUSDT
Injective BCH/USDC PERP
Binance BCHUSDT
MEXC BCH_USDT
Extended BCH-USD
Variational Omni BCH
Bitget BCHUSDT
Gate BCH_USDT
GRVT BCH_USDT_PerpShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BCHUSDTshort | −0.0002% | 8h | 271.03 | −0.103% | $39.9M | $32.5M | 75x | |
| dYdX BCH-USD | 0.0000% | 1h | 269.56 | −0.644% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 269.69 | −0.597% | $1.1M | $11.2M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 269.56 | −0.645% | $4K | — | 150x | as long as short |
| Nado BCH-PERP | +0.0014% | 1h | 269.36 | −0.720% | $441K | $425K | 10x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0016% | 1h | 269.61 | −0.627% | $231K | $2.1M | 50x | as long as short |
| Orderly PERP_BCH_USDC | +0.0026% | 8h | 269.53 | −0.656% | $2K | $176 | 10x | as long as short |
| BloFin BCH-USDT | +0.0037% | 8h | 268.61 | −0.995% | $4.0M | $4.1M | 50x | as long as short |
| BingX BCH-USDTlong | +0.0038% | 8h | 271.31 | long leg | — | $32.0M | — | |
| OKX BCH-USDT-SWAP | +0.0043% | 8h | 270.70 | −0.225% | $26.4M | $77.2M | 50x | as long as short |
| SoDEX BCH-USD | +0.0075% | 1h | 269.65 | −0.612% | $2K | $6K | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 269.69 | −0.596% | $378K | $581K | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 270.30 | −0.373% | $237K | $700K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 269.50 | −0.666% | $170K | $455K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 271.01 | −0.111% | $9.0M | $7.9M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 268.15 | −1.167% | $19K | $288K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 267.95 | −1.238% | $73K | $214K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 269.49 | −0.671% | $1K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 269.51 | −0.663% | $780K | $1.6M | 75x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0113% | 1h | 270.01 | −0.480% | $809K | $3.2M | 50x | as long as short |
| Hyperliquid BCH | +0.0184% | 1h | 271.15 | −0.059% | $6.1M | $4.2M | 10x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0341% / S −0.0467% | 1h | 269.57 | −0.640% | $26K | — | 100x | as long as short |
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Nado BCH-PERP
Coinbase International BCH-PERP-INTX
Orderly PERP_BCH_USDC
BloFin BCH-USDT
OKX BCH-USDT-SWAP
SoDEX BCH-USD
Lighter BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
Kraken Futures PF_BCHUSD
Hyperliquid BCH
GMX BCH/USD [WBTC.b-USDC]