Funding you earn now, next payment 12:00 UTC−0.0304%/8h= −33.3% APRpaid last 24h −0.059%
Price spread now: Phemex against edgeX+0.162%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$420.415% of the position
Funding, last 7 days−0.195%−$19 on $10k
+Price spread, last 4 days (all we have)−0.231%−$23 · spread now +0.162%, 7d avg +0.022%
=Together, before fees−0.426%+ Points / potential airdropedgeX: Active · farm board−$43 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.140% dearer against edgeX than usual: you sell high and buy low (spread +0.162% now, against its 7-day average of +0.022%): +$14 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 7 days (−0.195% in total) that is about 5.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.195% in total (about -10.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX BCHUSDC | 268.10 | 0.0100 | pay 0.0050% / 4h | 2h 21m | $19K | $345K | 20x |
| Short | Phemex BCHUSDT | 268.53 | −0.0204 | pay 0.0204% / 8h | 6h 21m | $4.9M | $6.4M | 50x |
edgeX BCHUSDC
Phemex BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against edgeX. 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
- −$63.77
- Price spread: +0.162% → +0.022%
- $13.97
- Slippage, 4 orders
- −$20.54
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$91.34
- Costs to cover
- 0.415%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 29 min ago; Phemex: live order book, 5 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 edgeX live order book, 29 min ago | 7.49 bp | 12.1 bp −$12 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 0.19 bp | 7.8 bp −$8 | 16.1 bp −$161 | doesn't fit | doesn't fit |
BCH on 32 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX BCH-USD | −0.0399% | 1h | 268.50 | +0.150% | $2K | $8K | 10x | as long as short |
| Phemex BCHUSDTshort | −0.0204% | 8h | 268.53 | +0.162% | $4.9M | $6.4M | 50x | |
| Variational Omni BCH | −0.0131% | 8h | 268.00 | −0.038% | $144K | $229K | — | as long as short |
| Bybit BCHUSDT | −0.0124% | 8h | 268.31 | +0.080% | $39.2M | $31.1M | 75x | as long as short |
| OKX BCH-USDT-SWAP | −0.0119% | 8h | 268.40 | +0.113% | $25.5M | $75.4M | 50x | as long as short |
| GRVT BCH_USDT_Perp | −0.0114% | 8h | 268.16 | +0.025% | $391K | $17K | 10x | as long as short |
| HTX BCH-USDT | −0.0087% | 8h | 268.24 | +0.053% | $785K | $1.3M | 75x | as long as short |
| MEXC BCH_USDT | −0.0073% | 8h | 269.09 | +0.370% | $72.5M | $9.5M | 200x | as long as short |
| Extended BCH-USD | −0.0072% | 1h | 268.13 | +0.011% | $117K | $915K | 25x | as long as short |
| Binance BCHUSDT | −0.0072% | 8h | 268.33 | +0.087% | $73.7M | $202.8M | 75x | as long as short |
SoDEX BCH-USD
Variational Omni BCH
Bybit BCHUSDT
OKX BCH-USDT-SWAP
GRVT BCH_USDT_Perp
HTX BCH-USDT
MEXC BCH_USDT
Extended BCH-USD
Binance BCHUSDTShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BCH_USDT | −0.0054% | 8h | 268.43 | +0.124% | $8.1M | $12.8M | 75x | as long as short |
| KuCoin BCHUSDTM | −0.0032% | 8h | 268.54 | +0.165% | $8.8M | $5.7M | 75x | as long as short |
| Bitget BCHUSDT | −0.0029% | 8h | 268.39 | +0.109% | $19.2M | $27.2M | 75x | as long as short |
| BingX BCH-USDC | −0.0029% | 8h | 268.51 | +0.154% | — | $6.5M | — | as long as short |
| ApeX Omni BCHUSDT | −0.0009% | 1h | 268.21 | +0.042% | $97K | $244K | 50x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 268.62 | +0.196% | $15K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 268.65 | +0.205% | $5K | $240 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 268.49 | +0.147% | $1.0M | $8.7M | 2.7x | as long as short |
| Deribit BCH_USDC-PERPETUAL | 0.0000% | 1h | 268.69 | +0.219% | $423K | $356K | 25x | as long as short |
| Aster BCHUSDT | +0.0029% | 8h | 268.38 | +0.106% | $146K | $527K | 75x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +0.784% | $721 | $130K | 12x | as long as short |
| SunX BCH-USDT | +0.0038% | 8h | 268.05 | −0.017% | $2K | $1.4M | 30x | as long as short |
| Orderly PERP_BCH_USDC | +0.0041% | 8h | 268.49 | +0.147% | $2K | $540 | 10x | as long as short |
| BloFin BCH-USDT | +0.0047% | 8h | 268.15 | +0.020% | $3.5M | $5.3M | 50x | as long as short |
| Nado BCH-PERP | +0.0063% | 1h | 268.21 | +0.041% | $459K | $375K | 10x | as long as short |
| Pacifica BCH | +0.0095% | 1h | 268.49 | +0.147% | $155K | $278K | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 268.59 | +0.184% | $393K | $468K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 268.78 | +0.255% | $5.9M | $4.5M | 10x | as long as short |
| edgeX BCHUSDClong | +0.0100% | 4h | 268.10 | long leg | $19K | $345K | 20x | |
| Kraken Futures PF_BCHUSD | +0.0104% | 1h | 268.75 | +0.243% | $875K | $2.5M | 50x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0144% | 1h | 268.64 | +0.203% | $359K | $2.1M | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0213% / S −0.0170% | 1h | 268.66 | +0.210% | $14K | — | 100x | as long as short |
Gate BCH_USDT
KuCoin BCHUSDTM
Bitget BCHUSDT
BingX BCH-USDC
ApeX Omni BCHUSDT
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Kalshi KXBCHPERP
Deribit BCH_USDC-PERPETUAL
Aster BCHUSDT
Injective BCH/USDC PERP
SunX BCH-USDT
Orderly PERP_BCH_USDC
BloFin BCH-USDT
Nado BCH-PERP
Pacifica BCH
Lighter BCH
Hyperliquid BCH
Kraken Futures PF_BCHUSD
Coinbase International BCH-PERP-INTX
GMX BCH/USD [WBTC.b-USDC]