Funding you earn now, next payment 08:00 UTC−0.0256%/8h= −28.1% APRnext payment −$2.56 per $10,000 · paid last 24h −0.006%
Price spread now: Phemex against GRVT+0.140%77s7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$480.476% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 3 days (all we have)−0.148%−$15 · spread now +0.140%, 7d avg +0.013%
=Together, before fees−0.182%+ Points / potential airdropGRVT: Active · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.127% dearer against GRVT than usual: you sell high and buy low (spread +0.140% now, against its 7-day average of +0.013%): +$13 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 40 hours. At the pace of the last 7 days (−0.034% in total) that is about 26 days. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.034% in total (about -1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.56 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 | GRVT BCH_USDT_Perp | 264.26 | −0.0207 | get 0.0207% / 8h | 6h 06m | $385K | $17K | 10x |
| Short | Phemex BCHUSDT | 264.63 | −0.0463 | pay 0.0463% / 8h | 6h 06m | $4.9M | $6.6M | 50x |
GRVT BCH_USDT_Perp
Phemex BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against GRVT. 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
- −$53.81
- Price spread: +0.140% → +0.013%
- $12.69
- Slippage, 4 orders
- −$26.59
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$88.71
- Costs to cover
- 0.476%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 61 min ago; Phemex: live order book, 3 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 GRVT live order book, 61 min ago | 1.49 bp | 12.1 bp −$12 | 24.4 bp −$244 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 3.40 bp | 10.8 bp −$11 | 18.9 bp −$189 | doesn't fit | doesn't fit |
BCH on 31 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 | −0.1437% | 8h | 264.63 | +0.140% | $2K | $1.8M | 30x | as long as short |
| SoDEX BCH-USD | −0.0511% | 1h | 264.61 | +0.132% | $2K | $8K | 10x | as long as short |
| Phemex BCHUSDTshort | −0.0463% | 8h | 264.63 | +0.140% | $4.9M | $6.6M | 50x | |
| Deribit BCH_USDC-PERPETUAL | −0.0445% | 1h | 264.71 | +0.170% | $447K | $254K | 25x | as long as short |
| HTX BCH-USDT | −0.0443% | 8h | 264.41 | +0.057% | $774K | $1.5M | 75x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0300% | 1h | 264.89 | +0.238% | $850K | $3.0M | 50x | as long as short |
| GRVT BCH_USDT_Perplong | −0.0207% | 8h | 264.26 | long leg | $385K | $17K | 10x | |
| ApeX Omni BCHUSDT | −0.0150% | 1h | 264.34 | +0.030% | $96K | $226K | 50x | as long as short |
| Gate BCH_USDT | −0.0130% | 8h | 264.71 | +0.170% | $8.3M | $13.6M | 75x | as long as short |
| Variational Omni BCH | −0.0117% | 8h | 264.80 | +0.206% | $81K | $231K | — | as long as short |
SunX BCH-USDT
SoDEX BCH-USD
Deribit BCH_USDC-PERPETUAL
HTX BCH-USDT
Kraken Futures PF_BCHUSD
ApeX Omni BCHUSDT
Gate BCH_USDT
Variational Omni BCHShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BCH-USD | −0.0112% | 1h | 264.45 | +0.072% | $112K | $957K | 25x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0112% | 1h | 264.66 | +0.151% | $231K | $1.8M | 50x | as long as short |
| Binance BCHUSDT | −0.0109% | 8h | 264.59 | +0.125% | $71.6M | $223.8M | 75x | as long as short |
| MEXC BCH_USDT | −0.0109% | 8h | 264.97 | +0.269% | $69.9M | $7.1M | 200x | as long as short |
| Nado BCH-PERP | −0.0081% | 1h | 264.58 | +0.122% | $418K | $349K | 10x | as long as short |
| Bybit BCHUSDT | −0.0065% | 8h | 264.65 | +0.148% | $39.1M | $31.7M | 75x | as long as short |
| OKX BCH-USDT-SWAP | −0.0055% | 8h | 264.50 | +0.091% | $25.2M | $74.9M | 50x | as long as short |
| Bitget BCHUSDT | −0.0049% | 8h | 264.65 | +0.148% | $19.0M | $28.5M | 75x | as long as short |
| BingX BCH-USDT | −0.0038% | 8h | 264.64 | +0.144% | — | $32.3M | — | as long as short |
| KuCoin BCHUSDTM | −0.0007% | 8h | 264.71 | +0.170% | $8.6M | $7.5M | 75x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 264.95 | +0.261% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 264.88 | +0.235% | $1.1M | $10.2M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 264.77 | +0.193% | $4K | — | 150x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +2.248% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0035% | 8h | 264.57 | +0.117% | $2K | $176 | 10x | as long as short |
| Pacifica BCH | +0.0040% | 1h | 264.79 | +0.202% | $161K | $379K | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 264.67 | +0.156% | $364K | $478K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 264.95 | +0.261% | $5.7M | $4.7M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 264.95 | +0.261% | $168K | $697K | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 264.21 | −0.019% | $19K | $291K | 20x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0333% / S −0.0451% | 1h | 264.72 | +0.175% | $25K | — | 100x | as long as short |
Extended BCH-USD
Coinbase International BCH-PERP-INTX
Binance BCHUSDT
MEXC BCH_USDT
Nado BCH-PERP
Bybit BCHUSDT
OKX BCH-USDT-SWAP
Bitget BCHUSDT
BingX BCH-USDT
KuCoin BCHUSDTM
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
Pacifica BCH
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
edgeX BCHUSDC
GMX BCH/USD [WBTC.b-USDC]