Funding you earn now, next payment 23:00 UTC+0.0389%/8h= +42.6% APRnext payment +$0.49 per $10,000 · paid last 24h +0.085%
Price spread now: Pacifica against Deribit−0.060%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$380.383% of the position
Funding, last 7 days+0.141%+$14 on $10k
+Price spread, last 3 days (all we have)+0.084%+$8 · spread now −0.060%, 7d avg −0.006%
=Together, before fees+0.225%+ Points / potential airdropPacifica: Active · farm board+$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. Pacifica is 0.055% cheaper against Deribit than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of −0.006%). If the spread goes back, that is −$5 on $10k: about 11 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.141% in total) that is about 2.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.141% in total (about 7.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.49 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 | 270.69 | −0.0289 | get 0.0036% / 1h | 59m 28s | $459K | $265K | 25x |
| Short | Pacifica BCH | 270.52 | 0.0100 | get 0.0013% / 1h | 59m 28s | $164K | $467K | 10x |
Deribit BCH_USDC-PERPETUAL
Pacifica BCHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- $81.71
- Price spread: −0.060% → −0.006%
- −$5.46
- Slippage, 4 orders
- −$23.32
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- $37.92
- Costs to cover
- 0.383%
- Break-even
- 3.8 days
Slippage from Deribit: live order book, 19 min ago; Pacifica: live order book, 19 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, 19 min ago | 4.49 bp | 8.2 bp −$8 | 13.3 bp −$133 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 19 min ago | 2.59 bp | 11.7 bp −$12 | 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-PERPETUALlong | −0.0289% | 1h | 270.69 | long leg | $459K | $265K | 25x | |
| Phemex BCHUSDT | −0.0191% | 8h | 270.59 | −0.036% | $4.9M | $6.5M | 50x | as long as short |
| SoDEX BCH-USD | −0.0159% | 1h | 270.59 | −0.036% | $2K | $6K | 10x | as long as short |
| Injective BCH/USDC PERP | −0.0154% | 1h | 270.20 | −0.180% | $721 | $130K | 12x | as long as short |
| Variational Omni BCH | −0.0127% | 8h | 270.01 | −0.249% | $83K | $294K | — | as long as short |
| Bybit BCHUSDT | −0.0073% | 8h | 270.50 | −0.069% | $39.6M | $33.1M | 75x | as long as short |
| Extended BCH-USD | −0.0040% | 1h | 270.24 | −0.164% | $116K | $653K | 25x | as long as short |
| MEXC BCH_USDT | −0.0036% | 8h | 270.99 | +0.112% | $71.0M | $6.6M | 200x | as long as short |
| Binance BCHUSDT | −0.0034% | 8h | 270.58 | −0.040% | $75.3M | $234.7M | 75x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 270.85 | +0.060% | $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 | 270.87 | +0.067% | $1.3M | $11.8M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 270.65 | −0.013% | $4K | — | 150x | as long as short |
| Gate BCH_USDT | +0.0009% | 8h | 270.58 | −0.040% | $8.4M | $14.3M | 75x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0016% | 1h | 270.70 | +0.004% | $241K | $2.1M | 50x | as long as short |
| GRVT BCH_USDT_Perp | +0.0020% | 8h | 270.20 | −0.181% | $394K | $17K | 10x | as long as short |
| Orderly PERP_BCH_USDC | +0.0024% | 8h | 270.56 | −0.047% | $2K | $176 | 10x | as long as short |
| Bitget BCHUSDT | +0.0031% | 8h | 270.42 | −0.099% | $19.6M | $29.6M | 75x | as long as short |
| OKX BCH-USDT-SWAP | +0.0055% | 8h | 270.50 | −0.069% | $26.6M | $79.0M | 50x | as long as short |
| BingX BCH-USDC | +0.0060% | 8h | 270.51 | −0.066% | — | $6.5M | — | as long as short |
| BloFin BCH-USDT | +0.0083% | 8h | 270.38 | −0.114% | $4.0M | $4.2M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 270.58 | −0.038% | $379K | $550K | 10x | as long as short |
| Nado BCH-PERP | +0.0100% | 1h | 270.25 | −0.162% | $442K | $429K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 270.83 | +0.051% | $6.1M | $4.2M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 270.52 | −0.062% | $218K | $704K | 75x | as long as short |
| Pacifica BCHshort | +0.0100% | 1h | 270.52 | −0.060% | $164K | $467K | 10x | |
| KuCoin BCHUSDTM | +0.0100% | 8h | 270.58 | −0.040% | $9.3M | $8.0M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 270.31 | −0.139% | $19K | $291K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 270.41 | −0.103% | $73K | $214K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 270.33 | −0.132% | $1K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 270.55 | −0.051% | $778K | $1.7M | 75x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0112% | 1h | 270.87 | +0.066% | $820K | $3.2M | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0335% / S −0.0340% | 1h | 270.69 | 0.000% | $27K | — | 100x | as long as short |
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Gate BCH_USDT
Coinbase International BCH-PERP-INTX
GRVT BCH_USDT_Perp
Orderly PERP_BCH_USDC
Bitget BCHUSDT
OKX BCH-USDT-SWAP
BingX BCH-USDC
BloFin BCH-USDT
Lighter BCH
Nado BCH-PERP
Hyperliquid BCH
Aster BCHUSDT
KuCoin BCHUSDTM
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
Kraken Futures PF_BCHUSD
GMX BCH/USD [WBTC.b-USDC]