Funding you earn now, next payment 23:00 UTC+0.0254%/8h= +27.9% APRpaid last 24h +0.025%
Price spread now: KuCoin against Injective+0.485%7-day average −0.053% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.075%−$8 on $10k
+Price spread, last 3 days (all we have)+0.522%+$52 · spread now +0.485%, 7d avg −0.053%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and KuCoin is 0.538% dearer against Injective than usual: you sell high and buy low: +$54 more if the spread goes back to its 7-day average of −0.053%. Mind the row above: over the last 7 days funding on this pair cost −0.075%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.075% in total (about -3.9% a year). A funding rate is set anew for every payment. 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 | Injective BCH/USDC PERP | 270.20 | −0.0154 | get 0.0019% / 1h | 35m 04s | $721 | $130K | 12x |
| Short | KuCoin BCHUSDTM | 271.51 | 0.0100 | get 0.0100% / 8h | 1h 35m | $9.2M | $8.0M | 75x |
Injective BCH/USDC PERP
KuCoin BCHUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Injective. 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
- $53.41
- Price spread: +0.485% → −0.053%
- $53.77
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $95.16
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; KuCoin: 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 Injective no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 3 min ago | 1.10 bp | 17.9 bp −$18 | 57.9 bp −$579 | doesn't fit | doesn't fit |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit BCH_USDC-PERPETUAL | −0.0805% | 1h | 271.62 | +0.526% | $460K | $265K | 25x | as long as short |
| Phemex BCHUSDT | −0.0204% | 8h | 271.53 | +0.492% | $5.0M | $6.3M | 50x | as long as short |
| Injective BCH/USDC PERPlong | −0.0154% | 1h | 270.20 | long leg | $721 | $130K | 12x | |
| SoDEX BCH-USD | −0.0100% | 1h | 271.29 | +0.403% | $2K | $6K | 10x | as long as short |
| Variational Omni BCH | −0.0082% | 8h | 271.12 | +0.340% | $86K | $291K | — | as long as short |
| Extended BCH-USD | −0.0064% | 1h | 271.04 | +0.310% | $117K | $653K | 25x | as long as short |
| Binance BCHUSDT | −0.0061% | 8h | 271.23 | +0.382% | $75.5M | $232.9M | 75x | as long as short |
| MEXC BCH_USDT | −0.0060% | 8h | 271.93 | +0.640% | $71.5M | $6.4M | 200x | as long as short |
| Bybit BCHUSDT | −0.0018% | 8h | 271.05 | +0.315% | $39.7M | $32.8M | 75x | as long as short |
| Gate BCH_USDT | −0.0013% | 8h | 271.35 | +0.426% | $8.4M | $14.7M | 75x | as long as short |
Deribit BCH_USDC-PERPETUAL
Phemex BCHUSDT
SoDEX BCH-USD
Variational Omni BCH
Extended BCH-USD
Binance BCHUSDT
MEXC BCH_USDT
Bybit BCHUSDT
Gate BCH_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BCHUSDT | −0.0006% | 8h | 271.34 | +0.422% | $20.1M | $29.1M | 75x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 271.46 | +0.468% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 271.88 | +0.622% | $1.2M | $11.7M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 271.66 | +0.539% | $5K | — | 150x | as long as short |
| GRVT BCH_USDT_Perp | +0.0014% | 8h | 271.46 | +0.466% | $396K | $17K | 10x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0016% | 1h | 271.59 | +0.514% | $234K | $2.1M | 50x | as long as short |
| Orderly PERP_BCH_USDC | +0.0026% | 8h | 271.47 | +0.470% | $2K | $176 | 10x | as long as short |
| BloFin BCH-USDT | +0.0059% | 8h | 271.39 | +0.440% | $4.0M | $4.2M | 50x | as long as short |
| BingX BCH-USDC | +0.0063% | 8h | 271.35 | +0.426% | — | $6.5M | — | as long as short |
| OKX BCH-USDT-SWAP | +0.0068% | 8h | 271.10 | +0.333% | $26.2M | $78.3M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 271.44 | +0.458% | $379K | $584K | 10x | as long as short |
| Nado BCH-PERP | +0.0100% | 1h | 271.25 | +0.390% | $446K | $427K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 271.58 | +0.511% | $6.1M | $4.2M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 271.52 | +0.490% | $221K | $700K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 271.28 | +0.400% | $165K | $468K | 10x | as long as short |
| KuCoin BCHUSDTMshort | +0.0100% | 8h | 271.51 | +0.485% | $9.2M | $8.0M | 75x | |
| edgeX BCHUSDC | +0.0100% | 4h | 271.59 | +0.513% | $19K | $289K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 271.90 | +0.629% | $74K | $214K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 271.21 | +0.374% | $2K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 271.34 | +0.422% | $785K | $1.7M | 75x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0112% | 1h | 271.52 | +0.490% | $810K | $3.2M | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0343% / S −0.0467% | 1h | 271.93 | +0.638% | $26K | — | 100x | as long as short |
Bitget BCHUSDT
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
GRVT BCH_USDT_Perp
Coinbase International BCH-PERP-INTX
Orderly PERP_BCH_USDC
BloFin BCH-USDT
BingX BCH-USDC
OKX BCH-USDT-SWAP
Lighter BCH
Nado BCH-PERP
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
Kraken Futures PF_BCHUSD
GMX BCH/USD [WBTC.b-USDC]