Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: MEXC against BloFin+0.157%79s7-day average +0.197% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as 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−$410.405% of the position
Funding, last 7 days−0.240%−$24 on $10k
+Price spread, last 3 days (all we have)+0.010%+$1 · spread now +0.157%, 7d avg +0.197%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and MEXC is 0.040% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.197%). Swap the legs. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin BCH-USDT | 266.94 | 0.0094 | pay 0.0094% / 8h | 1m 56s | $3.9M | $4.2M | 50x |
| Short | MEXC BCH_USDT | 267.36 | −0.0026 | pay 0.0026% / 8h | 1m 56s | $70.0M | $6.9M | 200x |
BloFin BCH-USDT
MEXC BCH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BloFin. 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
- −$25.14
- Price spread: +0.157% → +0.197%
- −$3.98
- Slippage, 4 orders
- −$24.51
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$69.63
- Costs to cover
- 0.405%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 7 min ago; MEXC: live order book, 2 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 BloFin live order book, 7 min ago | 3.75 bp | 12.4 bp −$12 | 13.1 bp −$131 | 15.7 bp −$1,574 | doesn't fit |
| Sell MEXC live order book, 2 min ago | 2.99 bp | 5.7 bp −$6 | 18.5 bp −$185 | 52.8 bp −$5,276 | 96.3 bp −$48.2K |
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 | −0.0603% | 1h | 267.04 | +0.039% | $451K | $266K | 25x | as long as short |
| SoDEX BCH-USD | −0.0349% | 1h | 266.95 | +0.004% | $2K | $6K | 10x | as long as short |
| Variational Omni BCH | −0.0134% | 8h | 266.51 | −0.160% | $82K | $292K | — | as long as short |
| Phemex BCHUSDT | −0.0128% | 8h | 266.86 | −0.030% | $4.9M | $6.5M | 50x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0126% | 1h | 267.14 | +0.075% | $841K | $3.1M | 50x | as long as short |
| Bybit BCHUSDT | −0.0076% | 8h | 266.81 | −0.049% | $39.3M | $33.0M | 75x | as long as short |
| Injective BCH/USDC PERP | −0.0054% | 1h | 270.20 | +1.221% | $721 | $130K | 12x | as long as short |
| ApeX Omni BCHUSDT | −0.0049% | 1h | 266.86 | −0.030% | $72K | $214K | 50x | as long as short |
| Extended BCH-USD | −0.0032% | 1h | 266.71 | −0.088% | $115K | $652K | 25x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0032% | 1h | 267.25 | +0.116% | $223K | $2.1M | 50x | as long as short |
Deribit BCH_USDC-PERPETUAL
SoDEX BCH-USD
Variational Omni BCH
Phemex BCHUSDT
Kraken Futures PF_BCHUSD
Bybit BCHUSDT
Injective BCH/USDC PERP
ApeX Omni BCHUSDT
Extended BCH-USD
Coinbase International BCH-PERP-INTXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BCHUSDT | −0.0028% | 8h | 266.77 | −0.064% | $73.1M | $233.3M | 75x | as long as short |
| MEXC BCH_USDTshort | −0.0026% | 8h | 267.36 | +0.157% | $70.0M | $6.9M | 200x | |
| dYdX BCH-USD | 0.0000% | 1h | 267.15 | +0.079% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 267.34 | +0.150% | $1.2M | $11.7M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 267.15 | +0.079% | $4K | — | 150x | as long as short |
| Gate BCH_USDT | +0.0001% | 8h | 266.95 | +0.004% | $8.3M | $14.9M | 75x | as long as short |
| Nado BCH-PERP | +0.0001% | 1h | 266.85 | −0.033% | $442K | $434K | 10x | as long as short |
| GRVT BCH_USDT_Perp | +0.0019% | 8h | 266.72 | −0.082% | $389K | $17K | 10x | as long as short |
| Bitget BCHUSDT | +0.0021% | 8h | 266.79 | −0.056% | $19.1M | $30.0M | 75x | as long as short |
| OKX BCH-USDT-SWAP | +0.0027% | 8h | 266.80 | −0.052% | $26.0M | $78.6M | 50x | as long as short |
| BingX BCH-USDC | +0.0028% | 8h | 266.93 | −0.004% | — | $6.5M | — | as long as short |
| Orderly PERP_BCH_USDC | +0.0029% | 8h | 266.95 | +0.004% | $2K | $176 | 10x | as long as short |
| BloFin BCH-USDTlong | +0.0094% | 8h | 266.94 | long leg | $3.9M | $4.2M | 50x | |
| Lighter BCH | +0.0096% | 1h | 267.00 | +0.021% | $368K | $559K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 267.29 | +0.131% | $6.0M | $4.5M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 267.06 | +0.046% | $211K | $673K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 266.99 | +0.019% | $162K | $429K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 267.01 | +0.026% | $9.0M | $7.8M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 266.46 | −0.182% | $19K | $291K | 20x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 266.77 | −0.064% | $1K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 266.85 | −0.034% | $775K | $1.6M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0332% / S −0.0451% | 1h | 267.12 | +0.069% | $25K | — | 100x | as long as short |
Binance BCHUSDT
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Gate BCH_USDT
Nado BCH-PERP
GRVT BCH_USDT_Perp
Bitget BCHUSDT
OKX BCH-USDT-SWAP
BingX BCH-USDC
Orderly PERP_BCH_USDC
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]