BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0133%/8h= −14.5% APRnext payment −$1.33 per $10,000 · paid last 24h −0.016%

Price spread now: Phemex against Bybit−0.060%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$460.459% of the position

Long on Bybit Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 3 days (all we have)+0.003%$0 · spread now −0.060%, 7d avg +0.021%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phemex is 0.081% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BCHUSDT	267.61	−0.0068	get 0.0068% / 8h	2h 35m	$39.4M	$32.0M	75x
Short	Phemex BCHUSDT	267.45	−0.0200	pay 0.0200% / 8h	2h 35m	$4.9M	$6.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bybit. 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 BybitbpFee PhemexbpOrdersPrice spread, now −0.060%Rate

Funding earned: −$27.85
Price spread: −0.060% → +0.021%: −$8.07
Slippage, 4 orders: −$22.94
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$81.86
Costs to cover: 0.459%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Phemex: 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 Bybit live order book, 3 min ago	1.87 bp	14.5 bp −$15	29.2 bp −$292	78.5 bp −$7,848	doesn't fit
Sell Phemex live order book, 3 min ago	1.31 bp	10.0 bp −$10	16.7 bp −$167	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	−0.0426%	1h	267.54	−0.027%	$437K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	267.23	−0.142%	$713	$80K	12x	as long as short
Phemex BCHUSDTshort	−0.0200%	8h	267.45	−0.060%	$4.9M	$6.2M	50x
SoDEX BCH-USD	−0.0192%	1h	267.45	−0.060%	$2K	$6K	10x	as long as short
Extended BCH-USD	−0.0120%	1h	267.42	−0.071%	$105K	$643K	25x	as long as short
Binance BCHUSDT	−0.0117%	8h	267.61	+0.002%	$73.9M	$229.0M	75x	as long as short
MEXC BCH_USDT	−0.0116%	8h	268.27	+0.247%	$71.0M	$6.3M	200x	as long as short
Variational Omni BCH	−0.0086%	8h	267.45	−0.059%	$85K	$291K	—	as long as short
Bybit BCHUSDTlong	−0.0068%	8h	267.61	long leg	$39.4M	$32.0M	75x
GRVT BCH_USDT_Perp	−0.0057%	8h	267.55	−0.024%	$390K	$17K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BCHUSDT	−0.0050%	8h	267.65	+0.015%	$20.0M	$28.8M	75x	as long as short
Gate BCH_USDT	−0.0036%	8h	267.54	−0.026%	$8.4M	$14.4M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	267.90	+0.108%	$246K	$2.0M	50x	as long as short
BingX BCH-USDC	−0.0012%	8h	267.73	+0.045%	—	$6.5M	—	as long as short
OKX BCH-USDT-SWAP	−0.0006%	8h	267.60	−0.004%	$26.2M	$75.6M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	267.81	+0.075%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.01	+0.149%	$1.1M	$11.4M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.63	+0.007%	$4K	—	150x	as long as short
BloFin BCH-USDT	+0.0001%	8h	268.11	+0.187%	$4.0M	$4.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0029%	8h	267.42	−0.071%	$2K	$176	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	267.75	+0.053%	$803K	$3.2M	50x	as long as short
KuCoin BCHUSDTM	+0.0087%	8h	267.64	+0.011%	$8.9M	$8.0M	75x	as long as short
Nado BCH-PERP	+0.0090%	1h	267.58	−0.009%	$438K	$427K	10x	as long as short
Lighter BCH	+0.0096%	1h	267.69	+0.029%	$375K	$580K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.90	+0.108%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.56	−0.018%	$234K	$660K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.67	+0.024%	$169K	$460K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.36	−0.092%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	267.67	+0.022%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.51	−0.037%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.60	−0.004%	$770K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0365% / S −0.0554%	1h	267.65	+0.015%	$25K	—	100x	as long as short