Funding you earn now, next payment 08:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.94 per $10,000 · paid last 24h −0.011%
Price spread now: Bybit against Orderly−0.095%50s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.095% cheaper against Orderly than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BCH_USDC | 264.25 | 0.0030 | pay 0.0030% / 8h | 6h 55m | $2K | $176 | 10x |
| Short | Bybit BCHUSDT | 264.00 | −0.0064 | pay 0.0064% / 8h | 6h 55m | $38.9M | $33.3M | 75x |
Orderly PERP_BCH_USDC
Bybit BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Orderly. 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
- −$19.69
- Price spread: −0.095% → 0.000%
- −$9.46
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$46.15
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Bybit: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 3 min ago | 1.88 bp | 12.6 bp −$13 | 28.6 bp −$286 | 88.5 bp −$8,852 | doesn't fit |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni BCHUSDT | −0.1211% | 1h | 265.84 | +0.602% | $72K | $214K | 50x | as long as short |
| SoDEX BCH-USD | −0.0537% | 1h | 264.25 | 0.000% | $2K | $6K | 10x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0513% | 1h | 264.37 | +0.046% | $447K | $266K | 25x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0301% | 1h | 264.35 | +0.038% | $850K | $3.1M | 50x | as long as short |
| Phemex BCHUSDT | −0.0248% | 8h | 264.29 | +0.015% | $4.9M | $6.5M | 50x | as long as short |
| GRVT BCH_USDT_Perp | −0.0227% | 8h | 265.61 | +0.514% | $387K | $17K | 10x | as long as short |
| Gate BCH_USDT | −0.0168% | 8h | 264.11 | −0.053% | $8.3M | $13.1M | 75x | as long as short |
| Variational Omni BCH | −0.0125% | 8h | 264.31 | +0.022% | $81K | $285K | — | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0112% | 1h | 264.79 | +0.204% | $230K | $2.0M | 50x | as long as short |
| Extended BCH-USD | −0.0088% | 1h | 264.04 | −0.081% | $112K | $966K | 25x | as long as short |
ApeX Omni BCHUSDT
SoDEX BCH-USD
Deribit BCH_USDC-PERPETUAL
Kraken Futures PF_BCHUSD
Phemex BCHUSDT
GRVT BCH_USDT_Perp
Gate BCH_USDT
Variational Omni BCH
Coinbase International BCH-PERP-INTX
Extended BCH-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BCHUSDT | −0.0086% | 8h | 264.13 | −0.045% | $71.3M | $232.7M | 75x | as long as short |
| MEXC BCH_USDT | −0.0084% | 8h | 264.46 | +0.079% | $69.3M | $6.7M | 200x | as long as short |
| Bybit BCHUSDTshort | −0.0064% | 8h | 264.00 | −0.095% | $38.9M | $33.3M | 75x | |
| Bitget BCHUSDT | −0.0033% | 8h | 264.07 | −0.068% | $18.9M | $29.8M | 75x | as long as short |
| OKX BCH-USDT-SWAP | −0.0023% | 8h | 264.10 | −0.057% | $25.6M | $75.8M | 50x | as long as short |
| BingX BCH-USDC | −0.0010% | 8h | 264.05 | −0.076% | — | $6.5M | — | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 264.36 | +0.041% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 264.81 | +0.212% | $1.1M | $11.0M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 264.67 | +0.160% | $4K | — | 150x | as long as short |
| Orderly PERP_BCH_USDClong | +0.0030% | 8h | 264.25 | long leg | $2K | $176 | 10x | |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +2.252% | $721 | $130K | 12x | as long as short |
| BloFin BCH-USDT | +0.0036% | 8h | 265.16 | +0.344% | $3.9M | $4.2M | 50x | as long as short |
| Pacifica BCH | +0.0040% | 1h | 264.14 | −0.042% | $161K | $407K | 10x | as long as short |
| HTX BCH-USDT | +0.0060% | 8h | 264.40 | +0.057% | $773K | $1.6M | 75x | as long as short |
| Lighter BCH | +0.0096% | 1h | 264.03 | −0.083% | $363K | $475K | 10x | as long as short |
| Nado BCH-PERP | +0.0100% | 1h | 263.96 | −0.111% | $432K | $425K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 264.39 | +0.053% | $5.7M | $5.0M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 264.03 | −0.085% | $168K | $684K | 75x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 264.12 | −0.049% | $8.6M | $7.6M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 265.65 | +0.529% | $19K | $290K | 20x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 264.15 | −0.038% | $2K | $1.9M | 30x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0332% / S −0.0451% | 1h | 264.59 | +0.128% | $25K | — | 100x | as long as short |
Binance BCHUSDT
MEXC BCH_USDT
Bitget BCHUSDT
OKX BCH-USDT-SWAP
BingX BCH-USDC
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Injective BCH/USDC PERP
BloFin BCH-USDT
Pacifica BCH
HTX BCH-USDT
Lighter BCH
Nado BCH-PERP
Hyperliquid BCH
Aster BCHUSDT
KuCoin BCHUSDTM
edgeX BCHUSDC
SunX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]