BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0199%/8h= −21.8% APRnext payment −$1.99 per $10,000 · paid last 24h −0.021%

Price spread now: Phemex against Bitget+0.085%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$440.440% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$2 on $10k

Price spread, last 3 days (all we have)−0.144%−$14 · spread now +0.085%, 7d avg +0.015%

Together, before fees−0.169%−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.070% dearer against Bitget than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of +0.015%): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 7 days (−0.025% in total) that is about 20 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.025% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.99 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	Bitget BCHUSDT	270.63	−0.0025	get 0.0025% / 8h	1h 54m	$20.1M	$29.0M	75x
Short	Phemex BCHUSDT	270.86	−0.0224	pay 0.0224% / 8h	1h 54m	$4.9M	$6.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bitget. 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 BitgetbpFee PhemexbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$41.86
Price spread: +0.085% → +0.015%: $7.04
Slippage, 4 orders: −$19.96
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$78.79
Costs to cover: 0.440%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Phemex: 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 Bitget live order book, 4 min ago	0.93 bp	8.8 bp −$9	16.5 bp −$165	34.5 bp −$3,449	doesn't fit
Sell Phemex live order book, 4 min ago	2.79 bp	11.0 bp −$11	19.4 bp −$194	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
Phemex BCHUSDTshort	−0.0224%	8h	270.86	+0.085%	$4.9M	$6.3M	50x
Injective BCH/USDC PERP	−0.0154%	1h	268.50	−0.787%	$716	$110K	12x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0112%	1h	270.99	+0.133%	$459K	$263K	25x	as long as short
Nado BCH-PERP	−0.0085%	1h	270.97	+0.127%	$444K	$427K	10x	as long as short
MEXC BCH_USDT	−0.0082%	8h	271.27	+0.236%	$71.8M	$6.3M	200x	as long as short
Extended BCH-USD	−0.0080%	1h	270.41	−0.082%	$117K	$653K	25x	as long as short
Binance BCHUSDT	−0.0077%	8h	270.66	+0.011%	$74.6M	$231.6M	75x	as long as short
Variational Omni BCH	−0.0071%	8h	269.23	−0.518%	$86K	$291K	—	as long as short
Bitget BCHUSDTlong	−0.0025%	8h	270.63	long leg	$20.1M	$29.0M	75x
Gate BCH_USDT	−0.0023%	8h	270.68	+0.018%	$8.4M	$14.6M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BCH_USDT_Perp	−0.0006%	8h	268.37	−0.834%	$391K	$17K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	270.72	+0.034%	$5K	$248	10x	as long as short
Bybit BCHUSDT	0.0000%	8h	270.60	−0.011%	$39.8M	$32.5M	75x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	270.36	−0.100%	$1.2M	$11.4M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	271.16	+0.195%	$5K	—	150x	as long as short
Coinbase International BCH-PERP-INTX	+0.0016%	1h	271.06	+0.159%	$235K	$2.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0026%	8h	271.01	+0.140%	$2K	$176	10x	as long as short
BingX BCH-USDT	+0.0038%	8h	270.71	+0.030%	—	$32.0M	—	as long as short
BloFin BCH-USDT	+0.0040%	8h	270.82	+0.070%	$4.0M	$4.2M	50x	as long as short
OKX BCH-USDT-SWAP	+0.0045%	8h	270.70	+0.026%	$26.2M	$77.4M	50x	as long as short
Lighter BCH	+0.0096%	1h	270.77	+0.053%	$380K	$583K	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	270.92	+0.108%	$221K	$700K	75x	as long as short
Pacifica BCH	+0.0100%	1h	271.05	+0.156%	$171K	$455K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	270.88	+0.092%	$8.9M	$7.9M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.15	−0.918%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.56	−0.765%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	270.78	+0.055%	$2K	$2.0M	30x	as long as short
SoDEX BCH-USD	+0.0100%	1h	270.92	+0.107%	$2K	$6K	10x	as long as short
HTX BCH-USDT	+0.0100%	8h	271.00	+0.137%	$790K	$1.7M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0112%	1h	271.16	+0.194%	$810K	$3.2M	50x	as long as short
Hyperliquid BCH	+0.0136%	1h	270.93	+0.111%	$6.1M	$4.2M	10x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0342% / S −0.0467%	1h	271.19	+0.207%	$26K	—	100x	as long as short