BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0432%/8h= −47.3% APRnext payment −$4.32 per $10,000 · paid last 24h −0.023%

Price spread now: Phemex against OKX+0.023%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$480.484% of the position

Long on OKX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 3 days (all we have)−0.040%−$4 · spread now +0.023%, 7d avg +0.034%

Together, before fees−0.098%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.058% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.32 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	OKX BCH-USDT-SWAP	266.10	−0.0028	get 0.0028% / 8h	6h 50m	$25.9M	$76.7M	50x
Short	Phemex BCHUSDT	266.16	−0.0460	pay 0.0460% / 8h	6h 50m	$4.9M	$6.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against OKX. 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 OKXbpFee PhemexbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$90.73
Price spread: +0.023% → +0.034%: −$1.16
Slippage, 4 orders: −$26.36
Fee OKX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$140.26
Costs to cover: 0.484%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Phemex: live order book, 4 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 OKX live order book, 4 min ago	1.89 bp	10.3 bp −$10	19.7 bp −$197	149.4 bp −$14.9K	doesn't fit
Sell Phemex live order book, 4 min ago	6.23 bp	15.0 bp −$15	22.2 bp −$222	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	−0.0467%	1h	266.28	+0.066%	$450K	$266K	25x	as long as short
Phemex BCHUSDTshort	−0.0460%	8h	266.16	+0.023%	$4.9M	$6.5M	50x
SoDEX BCH-USD	−0.0442%	1h	266.21	+0.041%	$2K	$6K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0298%	1h	266.50	+0.150%	$853K	$3.1M	50x	as long as short
ApeX Omni BCHUSDT	−0.0237%	1h	265.52	−0.218%	$97K	$227K	50x	as long as short
GRVT BCH_USDT_Perp	−0.0218%	8h	265.32	−0.293%	$387K	$17K	10x	as long as short
Gate BCH_USDT	−0.0140%	8h	266.24	+0.053%	$8.4M	$13.2M	75x	as long as short
Variational Omni BCH	−0.0123%	8h	265.51	−0.222%	$81K	$285K	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0112%	1h	266.10	0.000%	$236K	$2.1M	50x	as long as short
Extended BCH-USD	−0.0088%	1h	266.18	+0.030%	$112K	$966K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0086%	8h	266.15	+0.019%	$71.9M	$233.4M	75x	as long as short
MEXC BCH_USDT	−0.0084%	8h	266.61	+0.192%	$69.8M	$6.8M	200x	as long as short
Bybit BCHUSDT	−0.0078%	8h	266.11	+0.004%	$39.2M	$33.2M	75x	as long as short
HTX BCH-USDT	−0.0051%	8h	266.08	−0.008%	$778K	$1.6M	75x	as long as short
SunX BCH-USDT	−0.0034%	8h	265.96	−0.053%	$2K	$1.9M	30x	as long as short
Bitget BCHUSDT	−0.0031%	8h	266.17	+0.026%	$19.1M	$29.8M	75x	as long as short
OKX BCH-USDT-SWAPlong	−0.0028%	8h	266.10	long leg	$25.9M	$76.7M	50x
Nado BCH-PERP	−0.0021%	1h	266.23	+0.049%	$435K	$425K	10x	as long as short
BingX BCH-USDT	−0.0020%	8h	266.11	+0.004%	—	$32.3M	—	as long as short
dYdX BCH-USD	0.0000%	1h	266.17	+0.026%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.91	−0.071%	$1.1M	$11.0M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	266.35	+0.094%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0029%	8h	266.17	+0.026%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.541%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0035%	8h	265.85	−0.094%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0040%	1h	266.12	+0.008%	$162K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0084%	8h	266.28	+0.068%	$8.6M	$7.6M	75x	as long as short
Lighter BCH	+0.0096%	1h	266.07	−0.012%	$366K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.40	+0.113%	$5.8M	$5.0M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.25	+0.057%	$170K	$688K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.13	−0.366%	$19K	$291K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	266.33	+0.086%	$25K	—	100x	as long as short