Funding you earn now, next payment 22:00 UTC−0.0170%/8h= −18.7% APRnext payment −$0.21 per $10,000 · paid last 24h −0.010%
Price spread now: Injective against Coinbase International−0.037%64s7-day average +0.042% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.157%+$16 on $10k
+Price spread, last 3 days (all we have)−0.807%−$81 · spread now −0.037%, 7d avg +0.042%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Injective is 0.079% cheaper against Coinbase International than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.042%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.157%, so the current rate has only just turned against you. The two prices were read 64 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 | Coinbase International BCH-PERP-INTX | 270.30 | 0.0016 | pay 0.0002% / 1h | 23m 26s | $244K | $2.1M | 50x |
| Short | Injective BCH/USDC PERP | 270.20 | −0.0154 | pay 0.0019% / 1h | 23m 26s | $721 | $130K | 12x |
Coinbase International BCH-PERP-INTX
Injective BCH/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Coinbase International. 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
- −$35.77
- Price spread: −0.037% → +0.042%
- −$7.88
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$53.68
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.
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 Coinbase International live order book, 5 min ago | 2.59 bp | 10.7 bp −$11 | 19.8 bp −$198 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0756% | 1h | 270.20 | −0.037% | $458K | $265K | 25x | as long as short |
| Phemex BCHUSDT | −0.0186% | 8h | 270.16 | −0.052% | $4.9M | $6.5M | 50x | as long as short |
| Injective BCH/USDC PERPshort | −0.0154% | 1h | 270.20 | −0.037% | $721 | $130K | 12x | |
| Variational Omni BCH | −0.0103% | 8h | 269.72 | −0.216% | $85K | $291K | — | as long as short |
| SoDEX BCH-USD | −0.0101% | 1h | 270.09 | −0.078% | $2K | $6K | 10x | as long as short |
| Extended BCH-USD | −0.0056% | 1h | 270.14 | −0.059% | $116K | $653K | 25x | as long as short |
| MEXC BCH_USDT | −0.0052% | 8h | 270.88 | +0.215% | $71.0M | $6.6M | 200x | as long as short |
| Binance BCHUSDT | −0.0050% | 8h | 270.41 | +0.041% | $75.2M | $233.7M | 75x | as long as short |
| Bybit BCHUSDT | −0.0046% | 8h | 270.25 | −0.018% | $39.5M | $32.9M | 75x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 270.23 | −0.027% | $5K | $248 | 10x | as long as short |
Deribit BCH_USDC-PERPETUAL
Phemex BCHUSDT
Variational Omni BCH
SoDEX BCH-USD
Extended BCH-USD
MEXC BCH_USDT
Binance BCHUSDT
Bybit BCHUSDT
dYdX BCH-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXBCHPERP | 0.0000% | 8h | 270.36 | +0.022% | $1.3M | $11.8M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 270.45 | +0.056% | $4K | — | 150x | as long as short |
| Gate BCH_USDT | +0.0003% | 8h | 270.27 | −0.011% | $8.4M | $14.8M | 75x | as long as short |
| Bitget BCHUSDT | +0.0008% | 8h | 270.35 | +0.018% | $19.5M | $29.4M | 75x | as long as short |
| GRVT BCH_USDT_Perp | +0.0015% | 8h | 270.09 | −0.077% | $394K | $17K | 10x | as long as short |
| Coinbase International BCH-PERP-INTXlong | +0.0016% | 1h | 270.30 | long leg | $244K | $2.1M | 50x | |
| Orderly PERP_BCH_USDC | +0.0025% | 8h | 270.08 | −0.081% | $2K | $176 | 10x | as long as short |
| BloFin BCH-USDT | +0.0066% | 8h | 270.18 | −0.044% | $4.0M | $4.2M | 50x | as long as short |
| BingX BCH-USDT | +0.0071% | 8h | 270.22 | −0.030% | — | $30.5M | — | as long as short |
| OKX BCH-USDT-SWAP | +0.0076% | 8h | 270.30 | 0.000% | $26.5M | $78.3M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 270.15 | −0.054% | $377K | $584K | 10x | as long as short |
| Nado BCH-PERP | +0.0100% | 1h | 270.35 | +0.018% | $444K | $428K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 270.63 | +0.122% | $6.1M | $4.2M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 270.09 | −0.076% | $218K | $703K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 270.14 | −0.059% | $164K | $468K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 270.48 | +0.067% | $9.3M | $8.0M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 269.97 | −0.122% | $19K | $289K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 269.96 | −0.126% | $73K | $213K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 269.95 | −0.129% | $1K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 270.23 | −0.026% | $777K | $1.7M | 75x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0112% | 1h | 270.42 | +0.046% | $820K | $3.2M | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0342% / S −0.0467% | 1h | 270.53 | +0.084% | $26K | — | 100x | as long as short |
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Gate BCH_USDT
Bitget BCHUSDT
GRVT BCH_USDT_Perp
Orderly PERP_BCH_USDC
BloFin BCH-USDT
BingX BCH-USDT
OKX BCH-USDT-SWAP
Lighter BCH
Nado BCH-PERP
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
Kraken Futures PF_BCHUSD
GMX BCH/USD [WBTC.b-USDC]