Funding you earn now, next payment 23:00 UTC+0.0806%/8h= +88.3% APRpaid last 24h +0.085%
Price spread now: BingX against Deribit−0.027%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$430.429% of the position
Funding, last 7 days+0.233%+$23 on $10k
+Price spread, last 3 days (all we have)+0.059%+$6 · spread now −0.027%, 7d avg −0.017%
=The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: +$24 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.233% in total (about 12.2% a year). A funding rate is set anew for every payment. 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 | Deribit BCH_USDC-PERPETUAL | 270.05 | −0.0730 | get 0.0091% / 1h | 17m 03s | $458K | $265K | 25x |
| Short | BingX BCH-USDC | 269.98 | 0.0076 | get 0.0076% / 8h | 1h 17m | — | $6.5M | — |
Deribit BCH_USDC-PERPETUAL
BingX BCH-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Deribit. 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
- $169.33
- Price spread: −0.027% → −0.017%
- −$1.03
- Slippage, 4 orders
- −$25.88
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $125.42
- Costs to cover
- 0.429%
- Break-even
- 1.8 days
Slippage from Deribit: live order book, 2 min ago; BingX: live order book, 8 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 Deribit live order book, 2 min ago | 4.49 bp | 8.2 bp −$8 | 13.3 bp −$133 | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 1.29 bp | 13.4 bp −$13 | 33.0 bp −$330 | 113.0 bp −$11.3K | 469.8 bp −$234.9K |
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-PERPETUALlong | −0.0730% | 1h | 270.05 | long leg | $458K | $265K | 25x | |
| Phemex BCHUSDT | −0.0186% | 8h | 270.02 | −0.012% | $4.9M | $6.5M | 50x | as long as short |
| SoDEX BCH-USD | −0.0155% | 1h | 269.97 | −0.031% | $2K | $6K | 10x | as long as short |
| Injective BCH/USDC PERP | −0.0154% | 1h | 270.20 | +0.054% | $721 | $130K | 12x | as long as short |
| Variational Omni BCH | −0.0110% | 8h | 270.72 | +0.246% | $83K | $294K | — | as long as short |
| Bybit BCHUSDT | −0.0057% | 8h | 269.80 | −0.094% | $39.4M | $33.0M | 75x | as long as short |
| Extended BCH-USD | −0.0048% | 1h | 269.74 | −0.114% | $117K | $653K | 25x | as long as short |
| MEXC BCH_USDT | −0.0046% | 8h | 270.54 | +0.180% | $70.9M | $6.6M | 200x | as long as short |
| Binance BCHUSDT | −0.0046% | 8h | 269.85 | −0.075% | $75.1M | $234.0M | 75x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 270.46 | +0.152% | $5K | $248 | 10x | as long as short |
Phemex BCHUSDT
SoDEX BCH-USD
Injective BCH/USDC PERP
Variational Omni BCH
Bybit BCHUSDT
Extended BCH-USD
MEXC BCH_USDT
Binance 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 | 270.60 | +0.203% | $1.3M | $11.8M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 270.15 | +0.036% | $4K | — | 150x | as long as short |
| Gate BCH_USDT | +0.0003% | 8h | 269.99 | −0.023% | $8.4M | $14.9M | 75x | as long as short |
| Bitget BCHUSDT | +0.0013% | 8h | 269.92 | −0.049% | $19.5M | $29.4M | 75x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0016% | 1h | 270.97 | +0.340% | $243K | $2.1M | 50x | as long as short |
| GRVT BCH_USDT_Perp | +0.0020% | 8h | 270.72 | +0.248% | $395K | $17K | 10x | as long as short |
| Orderly PERP_BCH_USDC | +0.0024% | 8h | 269.95 | −0.038% | $2K | $176 | 10x | as long as short |
| OKX BCH-USDT-SWAP | +0.0067% | 8h | 269.70 | −0.131% | $26.4M | $78.2M | 50x | as long as short |
| BloFin BCH-USDT | +0.0074% | 8h | 269.98 | −0.027% | $4.0M | $4.2M | 50x | as long as short |
| BingX BCH-USDCshort | +0.0076% | 8h | 269.98 | −0.027% | — | $6.5M | — | |
| Lighter BCH | +0.0096% | 1h | 270.07 | +0.005% | $378K | $587K | 10x | as long as short |
| Nado BCH-PERP | +0.0097% | 1h | 270.09 | +0.015% | $443K | $428K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 270.25 | +0.073% | $6.0M | $4.2M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 270.01 | −0.017% | $218K | $703K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 270.27 | +0.080% | $164K | $467K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 270.11 | +0.021% | $9.3M | $8.0M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 270.71 | +0.244% | $19K | $290K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 271.00 | +0.351% | $73K | $213K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 269.80 | −0.094% | $1K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 270.08 | +0.010% | $777K | $1.7M | 75x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0113% | 1h | 270.28 | +0.084% | $818K | $3.2M | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0342% / S −0.0467% | 1h | 270.16 | +0.040% | $26K | — | 100x | as long as short |
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Gate BCH_USDT
Bitget BCHUSDT
Coinbase International BCH-PERP-INTX
GRVT BCH_USDT_Perp
Orderly PERP_BCH_USDC
OKX BCH-USDT-SWAP
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
Kraken Futures PF_BCHUSD
GMX BCH/USD [WBTC.b-USDC]