Funding you earn now, next payment 01:00 UTC−0.0141%/8h= −15.5% APRpaid last 24h −0.011%
Price spread now: Coinbase International against Orderly−0.591%54s7-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 −$4 a day on $10k at the current rate, and Coinbase International is 0.591% cheaper against Orderly than usual: you would sell low and buy high (−$59 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 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 | 265.67 | 0.0029 | pay 0.0029% / 8h | 6h 53m | $2K | $176 | 10x |
| Short | Coinbase International BCH-PERP-INTX | 264.10 | −0.0112 | pay 0.0014% / 1h | 53m 27s | $235K | $2.0M | 50x |
Orderly PERP_BCH_USDC
Coinbase International BCH-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$29.7
- Price spread: −0.591% → 0.000%
- −$59.1
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$104.8
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 5 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 Coinbase International live order book, 5 min ago | 6.20 bp | 14.0 bp −$14 | 19.2 bp −$192 | doesn't fit | 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 | +0.064% | $72K | $214K | 50x | as long as short |
| SoDEX BCH-USD | −0.0522% | 1h | 264.68 | −0.373% | $2K | $6K | 10x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0422% | 1h | 264.61 | −0.398% | $447K | $266K | 25x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0300% | 1h | 264.91 | −0.286% | $850K | $3.1M | 50x | as long as short |
| Phemex BCHUSDT | −0.0270% | 8h | 264.80 | −0.327% | $4.9M | $6.5M | 50x | as long as short |
| GRVT BCH_USDT_Perp | −0.0243% | 8h | 264.08 | −0.600% | $385K | $17K | 10x | as long as short |
| Gate BCH_USDT | −0.0145% | 8h | 265.54 | −0.049% | $8.3M | $13.2M | 75x | as long as short |
| Variational Omni BCH | −0.0125% | 8h | 264.31 | −0.512% | $81K | $285K | — | as long as short |
| Coinbase International BCH-PERP-INTXshort | −0.0112% | 1h | 264.10 | −0.591% | $235K | $2.0M | 50x | |
| Extended BCH-USD | −0.0088% | 1h | 265.01 | −0.248% | $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
Extended BCH-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BCH_USDT | −0.0087% | 8h | 265.74 | +0.026% | $69.6M | $6.8M | 200x | as long as short |
| Binance BCHUSDT | −0.0087% | 8h | 265.54 | −0.049% | $71.7M | $233.2M | 75x | as long as short |
| Bybit BCHUSDT | −0.0066% | 8h | 265.60 | −0.026% | $39.1M | $33.3M | 75x | as long as short |
| Bitget BCHUSDT | −0.0032% | 8h | 265.44 | −0.087% | $19.0M | $29.8M | 75x | as long as short |
| OKX BCH-USDT-SWAP | −0.0027% | 8h | 265.70 | +0.011% | $25.8M | $76.5M | 50x | as long as short |
| HTX BCH-USDT | −0.0022% | 8h | 264.41 | −0.474% | $773K | $1.6M | 75x | as long as short |
| BingX BCH-USDC | −0.0012% | 8h | 265.52 | −0.056% | — | $6.5M | — | as long as short |
| SunX BCH-USDT | −0.0010% | 8h | 264.21 | −0.550% | $1K | $1.9M | 30x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 265.46 | −0.079% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 264.82 | −0.320% | $1.1M | $11.0M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 265.76 | +0.034% | $4K | — | 150x | as long as short |
| Nado BCH-PERP | +0.0020% | 1h | 265.45 | −0.083% | $434K | $425K | 10x | as long as short |
| Orderly PERP_BCH_USDClong | +0.0029% | 8h | 265.67 | long leg | $2K | $176 | 10x | |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +1.705% | $721 | $130K | 12x | as long as short |
| BloFin BCH-USDT | +0.0034% | 8h | 264.13 | −0.580% | $3.9M | $4.2M | 50x | as long as short |
| Pacifica BCH | +0.0040% | 1h | 265.17 | −0.187% | $161K | $407K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0091% | 8h | 265.46 | −0.079% | $8.7M | $7.6M | 75x | as long as short |
| Lighter BCH | +0.0096% | 1h | 265.11 | −0.210% | $365K | $477K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 265.55 | −0.045% | $5.8M | $5.0M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 265.00 | −0.253% | $169K | $688K | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 265.65 | −0.008% | $19K | $290K | 20x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0333% / S −0.0451% | 1h | 265.70 | +0.013% | $25K | — | 100x | as long as short |
MEXC BCH_USDT
Binance BCHUSDT
Bybit BCHUSDT
Bitget BCHUSDT
OKX BCH-USDT-SWAP
HTX BCH-USDT
BingX BCH-USDC
SunX BCH-USDT
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Nado BCH-PERP
Injective BCH/USDC PERP
BloFin BCH-USDT
Pacifica BCH
KuCoin BCHUSDTM
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
edgeX BCHUSDC
GMX BCH/USD [WBTC.b-USDC]