BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0160%/8h= −17.5% APRnext payment −$1.60 per $10,000 · paid last 24h −0.013%

Price spread now: Phemex against Gate+0.033%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$470.475% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 3 days (all we have)−0.053%−$5 · spread now +0.033%, 7d avg −0.001%

Together, before fees−0.067%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.034% dearer against Gate than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.001%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.015% in total) that is about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BCH_USDT	269.11	0.0009	pay 0.0009% / 8h	32m 07s	$8.4M	$14.5M	75x
Short	Phemex BCHUSDT	269.20	−0.0151	pay 0.0151% / 8h	32m 07s	$4.9M	$6.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Gate. 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 GatebpFee PhemexbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$33.62
Price spread: +0.033% → −0.001%: $3.41
Slippage, 4 orders: −$20.46
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$77.67
Costs to cover: 0.475%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Phemex: live order book, 2 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 Gate live order book, 1 min ago	2.23 bp	14.0 bp −$14	22.2 bp −$222	38.6 bp −$3,855	50.8 bp −$25.4K
Sell Phemex live order book, 2 min ago	2.23 bp	10.7 bp −$11	19.9 bp −$199	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-PERPETUAL	−0.0329%	1h	269.18	+0.027%	$455K	$266K	25x	as long as short
Phemex BCHUSDTshort	−0.0151%	8h	269.20	+0.033%	$4.9M	$6.4M	50x
Variational Omni BCH	−0.0142%	8h	268.82	−0.108%	$82K	$294K	—	as long as short
SoDEX BCH-USD	−0.0141%	1h	269.06	−0.019%	$2K	$6K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0125%	1h	269.36	+0.094%	$829K	$3.1M	50x	as long as short
Bybit BCHUSDT	−0.0088%	8h	269.00	−0.041%	$39.4M	$32.6M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+0.405%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	268.89	−0.082%	$236K	$2.0M	50x	as long as short
Extended BCH-USD	−0.0024%	1h	268.94	−0.063%	$116K	$652K	25x	as long as short
Binance BCHUSDT	−0.0020%	8h	269.21	+0.036%	$74.5M	$229.7M	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	−0.0020%	8h	269.68	+0.212%	$70.6M	$6.7M	200x	as long as short
dYdX BCH-USD	0.0000%	1h	269.01	−0.038%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.45	+0.126%	$1.3M	$11.5M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	269.26	+0.056%	$4K	—	150x	as long as short
Gate BCH_USDTlong	+0.0009%	8h	269.11	long leg	$8.4M	$14.5M	75x
Orderly PERP_BCH_USDC	+0.0028%	8h	269.07	−0.015%	$2K	$176	10x	as long as short
GRVT BCH_USDT_Perp	+0.0028%	8h	269.11	+0.002%	$392K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0032%	8h	269.06	−0.019%	$19.2M	$29.2M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0040%	8h	269.00	−0.041%	$26.3M	$77.7M	50x	as long as short
BingX BCH-USDC	+0.0043%	8h	269.09	−0.007%	—	$6.5M	—	as long as short
Lighter BCH	+0.0096%	1h	269.19	+0.028%	$371K	$556K	10x	as long as short
BloFin BCH-USDT	+0.0100%	8h	268.87	−0.089%	$4.0M	$4.2M	50x	as long as short
Nado BCH-PERP	+0.0100%	1h	268.95	−0.059%	$444K	$425K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.47	+0.134%	$6.0M	$4.3M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	269.03	−0.031%	$216K	$709K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.96	−0.054%	$163K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	269.19	+0.030%	$9.2M	$7.8M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.98	−0.050%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	269.10	−0.004%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.92	−0.071%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	269.01	−0.037%	$777K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0334% / S −0.0340%	1h	269.29	+0.067%	$27K	—	100x	as long as short