Funding you earn now, next payment 22:00 UTC+0.0355%/8h= +38.9% APRnext payment +$0.44 per $10,000 · paid last 24h +0.071%
Price spread now: Extended against Deribit+0.069%57s7-day average −0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$300.296% of the position
Funding, last 7 days+0.111%+$11 on $10k
+Price spread, last 3 days (all we have)−0.076%−$8 · spread now +0.069%, 7d avg −0.075%
=Together, before fees+0.035%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Extended is 0.144% dearer against Deribit than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.075%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.111% in total (about 5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.44 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 | Deribit BCH_USDC-PERPETUAL | 267.34 | −0.0475 | get 0.0059% / 1h | 38m 21s | $437K | $247K | 25x |
| Short | Extended BCH-USD | 267.53 | −0.0120 | pay 0.0015% / 1h | 38m 21s | $105K | $643K | 25x |
Deribit BCH_USDC-PERPETUAL
Extended BCH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $74.58
- Price spread: +0.069% → −0.075%
- $14.41
- Slippage, 4 orders
- −$17.6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $59.39
- Costs to cover
- 0.296%
- Break-even
- 1.4 days
Slippage from Deribit: live order book, 50 min ago; Extended: live order book, 49 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, 50 min ago | 3.60 bp | 7.1 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 49 min ago | 0.75 bp | 7.3 bp −$7 | 59.3 bp −$593 | 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-PERPETUALlong | −0.0475% | 1h | 267.34 | long leg | $437K | $247K | 25x | |
| Injective BCH/USDC PERP | −0.0304% | 1h | 267.23 | −0.042% | $713 | $80K | 12x | as long as short |
| Phemex BCHUSDT | −0.0203% | 8h | 267.24 | −0.038% | $4.9M | $6.2M | 50x | as long as short |
| SoDEX BCH-USD | −0.0200% | 1h | 267.19 | −0.057% | $2K | $6K | 10x | as long as short |
| Extended BCH-USDshort | −0.0120% | 1h | 267.53 | +0.069% | $105K | $643K | 25x | |
| MEXC BCH_USDT | −0.0119% | 8h | 268.18 | +0.313% | $71.0M | $6.3M | 200x | as long as short |
| Binance BCHUSDT | −0.0119% | 8h | 267.50 | +0.058% | $73.8M | $229.0M | 75x | as long as short |
| Variational Omni BCH | −0.0086% | 8h | 267.45 | +0.041% | $85K | $291K | — | as long as short |
| Bybit BCHUSDT | −0.0078% | 8h | 267.50 | +0.059% | $39.4M | $32.0M | 75x | as long as short |
| GRVT BCH_USDT_Perp | −0.0057% | 8h | 267.55 | +0.077% | $390K | $17K | 10x | as long as short |
Injective BCH/USDC PERP
Phemex BCHUSDT
SoDEX BCH-USD
MEXC BCH_USDT
Binance BCHUSDT
Variational Omni BCH
Bybit BCHUSDT
GRVT BCH_USDT_PerpShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BCHUSDT | −0.0053% | 8h | 267.47 | +0.048% | $20.0M | $28.7M | 75x | as long as short |
| Gate BCH_USDT | −0.0036% | 8h | 267.51 | +0.063% | $8.4M | $14.4M | 75x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0024% | 1h | 267.87 | +0.197% | $255K | $2.0M | 50x | as long as short |
| BingX BCH-USDC | −0.0012% | 8h | 267.49 | +0.055% | — | $6.5M | — | as long as short |
| OKX BCH-USDT-SWAP | −0.0007% | 8h | 267.50 | +0.059% | $26.2M | $75.6M | 50x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 267.42 | +0.029% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 267.87 | +0.197% | $1.1M | $11.4M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 267.58 | +0.089% | $4K | — | 150x | as long as short |
| BloFin BCH-USDT | +0.0001% | 8h | 267.26 | −0.031% | $4.0M | $4.1M | 50x | as long as short |
| Orderly PERP_BCH_USDC | +0.0029% | 8h | 267.59 | +0.093% | $2K | $176 | 10x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0074% | 1h | 267.47 | +0.047% | $802K | $3.2M | 50x | as long as short |
| KuCoin BCHUSDTM | +0.0082% | 8h | 267.48 | +0.052% | $8.8M | $8.0M | 75x | as long as short |
| Nado BCH-PERP | +0.0087% | 1h | 267.44 | +0.038% | $438K | $424K | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 267.38 | +0.013% | $375K | $580K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 267.81 | +0.175% | $6.0M | $4.1M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 267.49 | +0.054% | $234K | $660K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 267.43 | +0.032% | $169K | $460K | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 267.47 | +0.047% | $19K | $288K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 267.67 | +0.123% | $73K | $214K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 267.13 | −0.079% | $2K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 267.28 | −0.023% | $769K | $1.6M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0365% / S −0.0554% | 1h | 267.65 | +0.115% | $25K | — | 100x | as long as short |
Bitget BCHUSDT
Gate BCH_USDT
Coinbase International BCH-PERP-INTX
BingX BCH-USDC
OKX BCH-USDT-SWAP
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
BloFin BCH-USDT
Orderly PERP_BCH_USDC
Kraken Futures PF_BCHUSD
KuCoin BCHUSDTM
Nado BCH-PERP
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]