BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0483%/8h= −52.9% APRnext payment −$0.60 per $10,000 · paid last 24h −0.072%

Price spread now: Deribit against Extended+0.047%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on Extended Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

Price spread, last 3 days (all we have)−0.009%−$1 · spread now +0.047%, 7d avg +0.077%

Together, before fees−0.126%+ Points / potential airdropExtended: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Deribit is 0.029% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.077%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.116% in total (about -6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.60 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	Extended BCH-USD	266.49	−0.0024	get 0.0003% / 1h	8m 37s	$115K	$652K	25x
Short	Deribit BCH_USDC-PERPETUAL	266.62	−0.0507	pay 0.0063% / 1h	8m 37s	$450K	$266K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee DeribitbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$101.44
Price spread: +0.047% → +0.077%: −$2.95
Slippage, 4 orders: −$19.43
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$135.82
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Deribit: 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 Extended live order book, 4 min ago	1.13 bp	7.3 bp −$7	37.3 bp −$373	doesn't fit	doesn't fit
Sell Deribit live order book, 5 min ago	3.96 bp	8.4 bp −$8	14.6 bp −$146	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-PERPETUALshort	−0.0507%	1h	266.62	+0.047%	$450K	$266K	25x
SoDEX BCH-USD	−0.0335%	1h	266.45	−0.015%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0136%	8h	266.11	−0.142%	$82K	$292K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0126%	1h	266.75	+0.097%	$840K	$3.1M	50x	as long as short
Phemex BCHUSDT	−0.0116%	8h	266.47	−0.008%	$4.9M	$6.5M	50x	as long as short
ApeX Omni BCHUSDT	−0.0108%	1h	266.44	−0.019%	$72K	$214K	50x	as long as short
Bybit BCHUSDT	−0.0076%	8h	266.60	+0.041%	$39.2M	$33.0M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+1.392%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	266.58	+0.034%	$224K	$2.1M	50x	as long as short
Binance BCHUSDT	−0.0025%	8h	266.54	+0.018%	$73.0M	$232.9M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0025%	8h	267.10	+0.229%	$70.0M	$6.9M	200x	as long as short
Extended BCH-USDlong	−0.0024%	1h	266.49	long leg	$115K	$652K	25x
dYdX BCH-USD	0.0000%	1h	266.60	+0.039%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.90	+0.154%	$1.2M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	266.74	+0.094%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0001%	8h	266.61	+0.045%	$8.3M	$14.9M	75x	as long as short
Nado BCH-PERP	+0.0018%	1h	266.35	−0.053%	$442K	$434K	10x	as long as short
GRVT BCH_USDT_Perp	+0.0020%	8h	266.27	−0.084%	$388K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0021%	8h	266.48	−0.004%	$19.1M	$30.1M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0028%	8h	266.60	+0.041%	$26.0M	$78.5M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	266.50	+0.004%	$2K	$176	10x	as long as short
BingX BCH-USDC	+0.0033%	8h	266.58	+0.034%	—	$6.5M	—	as long as short
BloFin BCH-USDT	+0.0094%	8h	266.48	−0.004%	$3.9M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	266.57	+0.028%	$367K	$558K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.88	+0.146%	$6.0M	$4.5M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.73	+0.090%	$211K	$673K	75x	as long as short
Pacifica BCH	+0.0100%	1h	266.63	+0.053%	$162K	$429K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	266.68	+0.071%	$9.0M	$7.8M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.19	−0.112%	$19K	$290K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.26	−0.087%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	266.39	−0.038%	$773K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0332% / S −0.0451%	1h	266.73	+0.090%	$25K	—	100x	as long as short