Funding you earn now, next payment 02:00 UTC−0.0507%/8h= −55.5% APRpaid last 24h −0.097%
Price spread now: Deribit against KuCoin−0.205%53s7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as 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−$550.550% of the position
Funding, last 7 days−0.268%−$27 on $10k
+Price spread, last 3 days (all we have)+0.177%+$18 · spread now −0.205%, 7d avg +0.002%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Deribit is 0.207% cheaper against KuCoin than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.002%). Swap the legs. The two prices were read 53 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 -0.268% in total (about -14.0% 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 | KuCoin BCHUSDTM | 266.01 | 0.0034 | pay 0.0034% / 8h | 6h 26m | $8.6M | $7.5M | 75x |
| Short | Deribit BCH_USDC-PERPETUAL | 265.46 | −0.0473 | pay 0.0059% / 1h | 26m 19s | $449K | $255K | 25x |
KuCoin BCHUSDTM
Deribit BCH_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against KuCoin. 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
- −$106.42
- Price spread: −0.205% → +0.002%
- −$20.67
- Slippage, 4 orders
- −$36.01
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$182.1
- Costs to cover
- 0.550%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 7 min ago; Deribit: live order book, 42 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 KuCoin live order book, 7 min ago | 2.08 bp | 15.9 bp −$16 | 51.4 bp −$514 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 42 min ago | 4.47 bp | 9.0 bp −$9 | 15.6 bp −$156 | 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 | −0.0766% | 8h | 265.33 | −0.256% | $1K | $1.9M | 30x | as long as short |
| SoDEX BCH-USD | −0.0518% | 1h | 265.35 | −0.248% | $2K | $6K | 10x | as long as short |
| Deribit BCH_USDC-PERPETUALshort | −0.0473% | 1h | 265.46 | −0.205% | $449K | $255K | 25x | |
| Phemex BCHUSDT | −0.0431% | 8h | 265.24 | −0.289% | $4.9M | $6.6M | 50x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0299% | 1h | 265.56 | −0.168% | $851K | $3.1M | 50x | as long as short |
| HTX BCH-USDT | −0.0281% | 8h | 265.29 | −0.271% | $778K | $1.6M | 75x | as long as short |
| GRVT BCH_USDT_Perp | −0.0177% | 8h | 265.28 | −0.275% | $387K | $17K | 10x | as long as short |
| ApeX Omni BCHUSDT | −0.0175% | 1h | 265.37 | −0.241% | $97K | $227K | 50x | as long as short |
| Variational Omni BCH | −0.0117% | 8h | 266.11 | +0.036% | $82K | $253K | — | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0112% | 1h | 265.07 | −0.353% | $231K | $2.0M | 50x | as long as short |
SunX BCH-USDT
SoDEX BCH-USD
Phemex BCHUSDT
Kraken Futures PF_BCHUSD
HTX BCH-USDT
GRVT BCH_USDT_Perp
ApeX Omni BCHUSDT
Variational Omni BCH
Coinbase International BCH-PERP-INTXShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BCH_USDT | −0.0110% | 8h | 266.24 | +0.086% | $8.4M | $13.5M | 75x | as long as short |
| Extended BCH-USD | −0.0096% | 1h | 265.79 | −0.083% | $112K | $962K | 25x | as long as short |
| Binance BCHUSDT | −0.0096% | 8h | 266.19 | +0.066% | $72.1M | $231.2M | 75x | as long as short |
| MEXC BCH_USDT | −0.0094% | 8h | 266.40 | +0.147% | $70.2M | $7.0M | 200x | as long as short |
| Bybit BCHUSDT | −0.0061% | 8h | 266.20 | +0.071% | $39.3M | $33.1M | 75x | as long as short |
| OKX BCH-USDT-SWAP | −0.0044% | 8h | 266.20 | +0.071% | $25.3M | $78.7M | 50x | as long as short |
| Bitget BCHUSDT | −0.0040% | 8h | 266.17 | +0.060% | $19.1M | $29.3M | 75x | as long as short |
| BingX BCH-USDT | −0.0031% | 8h | 266.18 | +0.064% | — | $32.3M | — | as long as short |
| Nado BCH-PERP | −0.0030% | 1h | 265.99 | −0.006% | $422K | $382K | 10x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 265.93 | −0.028% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 265.87 | −0.053% | $1.1M | $11.1M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 266.42 | +0.152% | $4K | — | 150x | as long as short |
| Orderly PERP_BCH_USDC | +0.0032% | 8h | 266.13 | +0.045% | $2K | $176 | 10x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +1.575% | $721 | $130K | 12x | as long as short |
| KuCoin BCHUSDTMlong | +0.0034% | 8h | 266.01 | long leg | $8.6M | $7.5M | 75x | |
| Pacifica BCH | +0.0040% | 1h | 265.84 | −0.064% | $162K | $404K | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 265.78 | −0.086% | $366K | $478K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 266.30 | +0.109% | $5.8M | $5.1M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 265.98 | −0.013% | $168K | $697K | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 265.19 | −0.308% | $19K | $290K | 20x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0333% / S −0.0451% | 1h | 266.37 | +0.137% | $25K | — | 100x | as long as short |
Gate BCH_USDT
Extended BCH-USD
Binance BCHUSDT
MEXC BCH_USDT
Bybit BCHUSDT
OKX BCH-USDT-SWAP
Bitget BCHUSDT
BingX BCH-USDT
Nado BCH-PERP
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Orderly PERP_BCH_USDC
Injective BCH/USDC PERP
Pacifica BCH
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
edgeX BCHUSDC
GMX BCH/USD [WBTC.b-USDC]