Funding you earn now, next payment 08:00 UTC+0.0194%/8h= +21.3% APRnext payment +$1.94 per $10,000 · paid last 24h +0.014%
Price spread now: SunX against Bybit−0.301%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$900.904% of the position
Funding, last 7 days+0.123%+$12 on $10k
+Price spread, last 3 days (all we have)+0.277%+$28 · spread now −0.301%, 7d avg −0.009%
=Funding pays, the price is against you. SunX is 0.292% cheaper against Bybit than usual: you would sell low and buy high (spread −0.301% now, against its 7-day average of −0.009%). If the spread goes back, that is −$29 on $10k: about 5.0 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.123% in total) that is about 17 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.123% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.94 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 | Bybit BCHUSDT | 269.00 | −0.0094 | get 0.0094% / 8h | 7h 16m | $39.8M | $32.5M | 75x |
| Short | SunX BCH-USDT | 268.19 | 0.0100 | get 0.0100% / 8h | 7h 16m | $2K | $1.9M | 30x |
Bybit BCHUSDT
SunX BCH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $40.77
- Price spread: −0.301% → −0.009%
- −$29.22
- Slippage, 4 orders
- −$71.37
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$78.81
- Costs to cover
- 0.904%
- Break-even
- 20.5 days
Slippage from Bybit: live order book, 2 min ago; SunX: live order book, 9 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, 2 min ago | 1.87 bp | 11.0 bp −$11 | 21.0 bp −$210 | 73.0 bp −$7,301 | doesn't fit |
| Sell SunX live order book, 9 min ago | 19.71 bp | 28.9 bp −$29 | doesn't fit | 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 | −0.0647% | 1h | 268.53 | −0.176% | $454K | $266K | 25x | as long as short |
| SoDEX BCH-USD | −0.0564% | 1h | 268.45 | −0.204% | $2K | $6K | 10x | as long as short |
| Phemex BCHUSDT | −0.0499% | 8h | 268.50 | −0.186% | $4.9M | $6.5M | 50x | as long as short |
| Gate BCH_USDT | −0.0196% | 8h | 268.73 | −0.100% | $8.4M | $14.3M | 75x | as long as short |
| ApeX Omni BCHUSDT | −0.0184% | 1h | 269.15 | +0.056% | $73K | $215K | 50x | as long as short |
| GRVT BCH_USDT_Perp | −0.0179% | 8h | 269.07 | +0.027% | $392K | $17K | 10x | as long as short |
| Variational Omni BCH | −0.0129% | 8h | 269.11 | +0.039% | $82K | $285K | — | as long as short |
| Bybit BCHUSDTlong | −0.0094% | 8h | 269.00 | long leg | $39.8M | $32.5M | 75x | |
| Extended BCH-USD | −0.0072% | 1h | 268.63 | −0.138% | $116K | $961K | 25x | as long as short |
| Binance BCHUSDT | −0.0070% | 8h | 268.96 | −0.014% | $72.9M | $229.5M | 75x | as long as short |
Deribit BCH_USDC-PERPETUAL
SoDEX BCH-USD
Phemex BCHUSDT
Gate BCH_USDT
ApeX Omni BCHUSDT
GRVT BCH_USDT_Perp
Variational Omni BCH
Extended BCH-USD
Binance BCHUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BCH_USDT | −0.0068% | 8h | 269.22 | +0.082% | $70.6M | $6.7M | 200x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0056% | 1h | 268.56 | −0.164% | $230K | $2.0M | 50x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0049% | 1h | 268.76 | −0.090% | $856K | $3.1M | 50x | as long as short |
| Bitget BCHUSDT | −0.0023% | 8h | 268.88 | −0.045% | $19.3M | $29.1M | 75x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0003% / S +0.0007% | 1h | 268.65 | −0.129% | $7K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 269.14 | +0.054% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 268.94 | −0.022% | $1.1M | $10.9M | 2.7x | as long as short |
| OKX BCH-USDT-SWAP | +0.0008% | 8h | 268.90 | −0.037% | $26.1M | $76.4M | 50x | as long as short |
| BingX BCH-USDT | +0.0011% | 8h | 268.82 | −0.067% | — | $32.3M | — | as long as short |
| Nado BCH-PERP | +0.0019% | 1h | 268.44 | −0.207% | $439K | $419K | 10x | as long as short |
| Orderly PERP_BCH_USDC | +0.0029% | 8h | 268.42 | −0.216% | $2K | $176 | 10x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +0.446% | $721 | $130K | 12x | as long as short |
| BloFin BCH-USDT | +0.0050% | 8h | 268.56 | −0.164% | $3.9M | $4.2M | 50x | as long as short |
| HTX BCH-USDT | +0.0059% | 8h | 268.43 | −0.212% | $780K | $1.6M | 75x | as long as short |
| Lighter BCH | +0.0096% | 1h | 268.97 | −0.010% | $370K | $530K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 269.25 | +0.093% | $6.6M | $4.6M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 268.66 | −0.127% | $177K | $658K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 268.99 | −0.002% | $164K | $407K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 268.63 | −0.138% | $8.8M | $7.7M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 269.14 | +0.053% | $19K | $291K | 20x | as long as short |
| SunX BCH-USDTshort | +0.0100% | 8h | 268.19 | −0.301% | $2K | $1.9M | 30x | |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0334% / S −0.0451% | 1h | 268.60 | −0.148% | $25K | — | 100x | as long as short |
MEXC BCH_USDT
Coinbase International BCH-PERP-INTX
Kraken Futures PF_BCHUSD
Bitget BCHUSDT
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Kalshi KXBCHPERP
OKX BCH-USDT-SWAP
BingX BCH-USDT
Nado BCH-PERP
Orderly PERP_BCH_USDC
Injective BCH/USDC PERP
BloFin BCH-USDT
HTX BCH-USDT
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
GMX BCH/USD [WBTC.b-USDC]