Funding you earn now, next payment 00:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.39 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit+0.063%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$380.384% of the position
Funding, last 7 days−0.045%−$5 on $10k
+Price spread, last 7 days−0.011%−$1 · spread now +0.063%, 7d avg +0.031%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.032% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BCHUSDT | 270.71 | −0.0073 | get 0.0073% / 8h | 58m 34s | $39.6M | $33.1M | 75x |
| Short | Binance BCHUSDT | 270.88 | −0.0034 | pay 0.0034% / 8h | 58m 34s | $75.4M | $234.6M | 75x |
Bybit BCHUSDT
Binance BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $8.26
- Price spread: +0.063% → +0.031%
- $3.2
- Slippage, 4 orders
- −$17.44
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$26.99
- Costs to cover
- 0.384%
- Break-even
- 29.9 days
Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 15 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 Bybit live order book, 5 min ago | 1.85 bp | 13.9 bp −$14 | 22.7 bp −$227 | 71.7 bp −$7,169 | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.19 bp | 6.6 bp −$7 | 14.0 bp −$140 | 40.9 bp −$4,085 | 125.1 bp −$62.5K |
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 | −0.0256% | 1h | 270.66 | −0.018% | $459K | $265K | 25x | as long as short |
| Phemex BCHUSDT | −0.0192% | 8h | 270.58 | −0.048% | $4.9M | $6.5M | 50x | as long as short |
| Variational Omni BCH | −0.0127% | 8h | 270.01 | −0.257% | $83K | $294K | — | as long as short |
| Kraken Futures PF_BCHUSD | −0.0124% | 1h | 270.82 | +0.040% | $819K | $3.2M | 50x | as long as short |
| Bybit BCHUSDTlong | −0.0073% | 8h | 270.71 | long leg | $39.6M | $33.1M | 75x | |
| Injective BCH/USDC PERP | −0.0054% | 1h | 270.20 | −0.188% | $721 | $130K | 12x | as long as short |
| Binance BCHUSDTshort | −0.0034% | 8h | 270.88 | +0.063% | $75.4M | $234.6M | 75x | |
| MEXC BCH_USDT | −0.0033% | 8h | 270.99 | +0.103% | $71.0M | $6.6M | 200x | as long as short |
| Extended BCH-USD | −0.0032% | 1h | 270.52 | −0.070% | $116K | $653K | 25x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0032% | 1h | 270.64 | −0.026% | $241K | $2.1M | 50x | as long as short |
Deribit BCH_USDC-PERPETUAL
Phemex BCHUSDT
Variational Omni BCH
Kraken Futures PF_BCHUSD
Injective BCH/USDC PERP
MEXC BCH_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX BCH-USD | 0.0000% | 1h | 270.65 | −0.022% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 270.86 | +0.055% | $1.3M | $11.8M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 270.65 | −0.021% | $4K | — | 150x | as long as short |
| Gate BCH_USDT | +0.0009% | 8h | 270.62 | −0.033% | $8.4M | $14.3M | 75x | as long as short |
| GRVT BCH_USDT_Perp | +0.0020% | 8h | 270.20 | −0.190% | $394K | $17K | 10x | as long as short |
| Orderly PERP_BCH_USDC | +0.0024% | 8h | 270.56 | −0.055% | $2K | $176 | 10x | as long as short |
| SoDEX BCH-USD | +0.0029% | 1h | 270.59 | −0.044% | $2K | $6K | 10x | as long as short |
| Bitget BCHUSDT | +0.0031% | 8h | 270.82 | +0.041% | $19.7M | $29.6M | 75x | as long as short |
| OKX BCH-USDT-SWAP | +0.0057% | 8h | 270.80 | +0.033% | $26.6M | $79.1M | 50x | as long as short |
| BingX BCH-USDC | +0.0060% | 8h | 270.67 | −0.015% | — | $6.5M | — | as long as short |
| BloFin BCH-USDT | +0.0086% | 8h | 270.60 | −0.041% | $4.0M | $4.2M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 270.64 | −0.024% | $379K | $550K | 10x | as long as short |
| Nado BCH-PERP | +0.0100% | 1h | 270.65 | −0.021% | $442K | $429K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 271.19 | +0.177% | $6.1M | $4.2M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 270.67 | −0.015% | $218K | $704K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 270.61 | −0.037% | $164K | $467K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 270.75 | +0.015% | $9.3M | $8.0M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 270.31 | −0.147% | $19K | $291K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 270.41 | −0.111% | $73K | $214K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 270.24 | −0.174% | $1K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 270.51 | −0.074% | $778K | $1.7M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0335% / S −0.0340% | 1h | 270.69 | −0.008% | $27K | — | 100x | as long as short |
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Gate BCH_USDT
GRVT BCH_USDT_Perp
Orderly PERP_BCH_USDC
SoDEX BCH-USD
Bitget BCHUSDT
OKX BCH-USDT-SWAP
BingX BCH-USDC
BloFin BCH-USDT
Lighter BCH
Nado BCH-PERP
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]