Funding you earn now, next payment 08:00 UTC−0.0339%/8h= −37.1% APRnext payment −$3.39 per $10,000 · paid last 24h −0.018%
Price spread now: Phemex against MEXC−0.154%7-day average −0.186% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$330.326% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.152%−$15 · spread now −0.154%, 7d avg −0.186%
=The price spread pays, funding is against you. Phemex is 0.031% dearer against MEXC than usual: you sell high and buy low (spread −0.154% now, against its 7-day average of −0.186%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.002% in total) that is about 5 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.002% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.39 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 | MEXC BCH_USDT | 265.53 | −0.0114 | get 0.0114% / 8h | 5h 37m | $70.1M | $6.8M | 200x |
| Short | Phemex BCHUSDT | 265.12 | −0.0453 | pay 0.0453% / 8h | 5h 37m | $4.9M | $6.6M | 50x |
MEXC BCH_USDT
Phemex BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against MEXC. 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
- −$71.16
- Price spread: −0.154% → −0.186%
- $3.14
- Slippage, 4 orders
- −$16.58
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$100.61
- Costs to cover
- 0.326%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; Phemex: live order book, 6 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 MEXC live order book, 1 min ago | 2.45 bp | 7.5 bp −$7 | 15.4 bp −$154 | 57.0 bp −$5,696 | 96.8 bp −$48.4K |
| Sell Phemex live order book, 6 min ago | 1.32 bp | 8.9 bp −$9 | 17.9 bp −$179 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX BCH-USDT | −0.1783% | 8h | 265.20 | −0.124% | $1K | $1.7M | 30x | as long as short |
| HTX BCH-USDT | −0.0551% | 8h | 265.30 | −0.087% | $771K | $1.5M | 75x | as long as short |
| Phemex BCHUSDTshort | −0.0453% | 8h | 265.12 | −0.154% | $4.9M | $6.6M | 50x | |
| SoDEX BCH-USD | −0.0363% | 1h | 265.25 | −0.105% | $2K | $8K | 10x | as long as short |
| GRVT BCH_USDT_Perp | −0.0174% | 8h | 265.82 | +0.108% | $388K | $17K | 10x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0128% | 1h | 265.77 | +0.090% | $226K | $1.8M | 50x | as long as short |
| Nado BCH-PERP | −0.0123% | 1h | 265.25 | −0.105% | $419K | $339K | 10x | as long as short |
| Binance BCHUSDT | −0.0115% | 8h | 265.09 | −0.167% | $72.2M | $215.0M | 75x | as long as short |
| MEXC BCH_USDTlong | −0.0114% | 8h | 265.53 | long leg | $70.1M | $6.8M | 200x | |
| Extended BCH-USD | −0.0112% | 1h | 265.18 | −0.133% | $116K | $956K | 25x | as long as short |
SunX BCH-USDT
HTX BCH-USDT
SoDEX BCH-USD
GRVT BCH_USDT_Perp
Coinbase International BCH-PERP-INTX
Nado BCH-PERP
Binance BCHUSDT
Extended BCH-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BCH_USDT | −0.0108% | 8h | 265.19 | −0.128% | $8.3M | $13.3M | 75x | as long as short |
| Variational Omni BCH | −0.0105% | 8h | 265.20 | −0.125% | $81K | $201K | — | as long as short |
| OKX BCH-USDT-SWAP | −0.0077% | 8h | 264.90 | −0.237% | $25.2M | $74.0M | 50x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0070% | 1h | 265.45 | −0.031% | $445K | $311K | 25x | as long as short |
| Bybit BCHUSDT | −0.0064% | 8h | 265.00 | −0.200% | $39.1M | $31.1M | 75x | as long as short |
| Bitget BCHUSDT | −0.0056% | 8h | 264.84 | −0.260% | $19.1M | $28.4M | 75x | as long as short |
| KuCoin BCHUSDTM | −0.0055% | 8h | 265.22 | −0.117% | $8.6M | $7.2M | 75x | as long as short |
| BingX BCH-USDT | −0.0039% | 8h | 265.06 | −0.177% | — | $32.1M | — | as long as short |
| Kraken Futures PF_BCHUSD | −0.0031% | 1h | 265.51 | −0.009% | $851K | $3.0M | 50x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 265.48 | −0.019% | $15K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 265.51 | −0.006% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 265.70 | +0.064% | $1.1M | $10.3M | 2.7x | as long as short |
| BloFin BCH-USDT | +0.0005% | 8h | 264.97 | −0.211% | $3.9M | $4.2M | 50x | as long as short |
| Pacifica BCH | +0.0021% | 1h | 265.41 | −0.045% | $161K | $322K | 10x | as long as short |
| Orderly PERP_BCH_USDC | +0.0033% | 8h | 265.25 | −0.105% | $2K | $176 | 10x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +1.759% | $721 | $130K | 12x | as long as short |
| Lighter BCH | +0.0096% | 1h | 265.33 | −0.076% | $365K | $477K | 10x | as long as short |
| ApeX Omni BCHUSDT | +0.0096% | 1h | 265.81 | +0.105% | $97K | $226K | 50x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 265.29 | −0.090% | $5.7M | $4.7M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 265.51 | −0.009% | $168K | $519K | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 265.32 | −0.079% | $19K | $291K | 20x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0333% / S −0.0451% | 1h | 265.51 | −0.007% | $25K | — | 100x | as long as short |
Gate BCH_USDT
Variational Omni BCH
OKX BCH-USDT-SWAP
Deribit BCH_USDC-PERPETUAL
Bybit BCHUSDT
Bitget BCHUSDT
KuCoin BCHUSDTM
BingX BCH-USDT
Kraken Futures PF_BCHUSD
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Kalshi KXBCHPERP
BloFin BCH-USDT
Pacifica BCH
Orderly PERP_BCH_USDC
Injective BCH/USDC PERP
Lighter BCH
ApeX Omni BCHUSDT
Hyperliquid BCH
Aster BCHUSDT
edgeX BCHUSDC
GMX BCH/USD [WBTC.b-USDC]