Funding you earn now, next payment 04:00 UTC−0.0297%/8h= −32.5% APRpaid last 24h −0.003%
Price spread now: Phemex against gTrade (Gains Network)−0.055%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Phemex is 0.055% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) BCH/USD | 265.34 | L −0.0004% / S +0.0007% | get 0.0000% / 1h | 26m 13s | $15K | — | 150x |
| Short | Phemex BCHUSDT | 265.19 | −0.0300 | pay 0.0300% / 8h | 4h 26m | $4.9M | $6.4M | 50x |
gTrade (Gains Network) BCH/USD
Phemex BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against gTrade (Gains Network). 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
- −$62.28
- Price spread: −0.055% → 0.000%
- −$5.5
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$89.79
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: gTrade (Gains Network): no order-book sample; Phemex: live order book, 3 min ago. Net counts fees only.
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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 3 min ago | 5.08 bp | 12.7 bp −$13 | 21.6 bp −$216 | doesn't fit | doesn't fit |
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| SunX BCH-USDT | −0.0548% | 8h | 265.11 | −0.085% | $1K | $1.7M | 30x | as long as short |
| Phemex BCHUSDTshort | −0.0300% | 8h | 265.19 | −0.055% | $4.9M | $6.4M | 50x | |
| HTX BCH-USDT | −0.0261% | 8h | 265.04 | −0.112% | $773K | $1.4M | 75x | as long as short |
| Nado BCH-PERP | −0.0258% | 1h | 265.06 | −0.105% | $428K | $341K | 10x | as long as short |
| SoDEX BCH-USD | −0.0218% | 1h | 265.20 | −0.051% | $2K | $8K | 10x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0104% | 1h | 265.29 | −0.017% | $219K | $1.8M | 50x | as long as short |
| OKX BCH-USDT-SWAP | −0.0099% | 8h | 265.20 | −0.051% | $25.0M | $74.7M | 50x | as long as short |
| KuCoin BCHUSDTM | −0.0090% | 8h | 265.33 | −0.002% | $8.5M | $7.0M | 75x | as long as short |
| Binance BCHUSDT | −0.0090% | 8h | 265.26 | −0.029% | $72.1M | $214.0M | 75x | as long as short |
| MEXC BCH_USDT | −0.0089% | 8h | 265.56 | +0.084% | $70.3M | $7.8M | 200x | as long as short |
SunX BCH-USDT
HTX BCH-USDT
Nado BCH-PERP
SoDEX BCH-USD
Coinbase International BCH-PERP-INTX
OKX BCH-USDT-SWAP
KuCoin BCHUSDTM
Binance BCHUSDT
MEXC BCH_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BCH-USD | −0.0088% | 1h | 265.09 | −0.092% | $115K | $950K | 25x | as long as short |
| Variational Omni BCH | −0.0079% | 8h | 265.50 | +0.063% | $81K | $201K | — | as long as short |
| GRVT BCH_USDT_Perp | −0.0078% | 8h | 265.65 | +0.120% | $387K | $17K | 10x | as long as short |
| Gate BCH_USDT | −0.0075% | 8h | 265.31 | −0.010% | $8.4M | $13.6M | 75x | as long as short |
| Bitget BCHUSDT | −0.0075% | 8h | 265.21 | −0.047% | $19.0M | $28.1M | 75x | as long as short |
| BingX BCH-USDC | −0.0005% | 8h | 265.18 | −0.059% | — | $6.5M | — | as long as short |
| gTrade (Gains Network) BCH/USDlong | L −0.0004% / S +0.0007% | 1h | 265.34 | long leg | $15K | — | 150x | |
| dYdX BCH-USD | 0.0000% | 1h | 265.72 | +0.146% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 265.86 | +0.197% | $1.0M | $10.3M | 2.7x | as long as short |
| Deribit BCH_USDC-PERPETUAL | 0.0000% | 1h | 265.32 | −0.004% | $444K | $331K | 25x | as long as short |
| Bybit BCHUSDT | +0.0009% | 8h | 265.20 | −0.051% | $39.2M | $31.0M | 75x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0011% | 1h | 265.44 | +0.040% | $850K | $3.0M | 50x | as long as short |
| BloFin BCH-USDT | +0.0030% | 8h | 265.68 | +0.130% | $3.9M | $4.3M | 50x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +1.833% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0036% | 8h | 265.16 | −0.066% | $2K | $176 | 10x | as long as short |
| Pacifica BCH | +0.0077% | 1h | 265.47 | +0.049% | $160K | $307K | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 265.24 | −0.036% | $359K | $488K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 265.47 | +0.051% | $5.7M | $4.6M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 265.16 | −0.066% | $167K | $516K | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 265.45 | +0.044% | $19K | $290K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 266.41 | +0.405% | $97K | $230K | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0350% / S −0.0506% | 1h | 265.20 | −0.050% | $24K | — | 100x | as long as short |
Extended BCH-USD
Variational Omni BCH
GRVT BCH_USDT_Perp
Gate BCH_USDT
Bitget BCHUSDT
BingX BCH-USDC
dYdX BCH-USD
Kalshi KXBCHPERP
Deribit BCH_USDC-PERPETUAL
Bybit BCHUSDT
Kraken Futures PF_BCHUSD
BloFin BCH-USDT
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
Pacifica BCH
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
edgeX BCHUSDC
ApeX Omni BCHUSDT
GMX BCH/USD [WBTC.b-USDC]