Funding you earn now, next payment 00:00 UTC+0.0076%/8h= +8.3% APRnext payment +$0.76 per $10,000 · paid last 24h +0.016%
Price spread now: Binance against Phemex+0.015%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$320.323% of the position
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 3 days (all we have)+0.077%+$8 · spread now +0.015%, 7d avg −0.004%
=The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex BCHUSDT | 267.14 | −0.0197 | get 0.0197% / 8h | 2h 47m | $4.9M | $6.3M | 50x |
| Short | Binance BCHUSDT | 267.18 | −0.0121 | pay 0.0121% / 8h | 2h 47m | $73.8M | $229.6M | 75x |
Phemex BCHUSDT
Binance BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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
- $15.96
- Price spread: +0.015% → −0.004%
- $1.86
- Slippage, 4 orders
- −$10.29
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$14.46
- Costs to cover
- 0.323%
- Break-even
- 13.3 days
Slippage from Phemex: live order book, 6 min ago; Binance: live order book, 11 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 Phemex live order book, 6 min ago | 0.94 bp | 7.9 bp −$8 | 17.1 bp −$171 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.19 bp | 8.4 bp −$8 | 15.2 bp −$152 | 48.9 bp −$4,894 | 126.7 bp −$63.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective BCH/USDC PERP | −0.0304% | 1h | 267.23 | +0.034% | $713 | $80K | 12x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0244% | 1h | 267.29 | +0.058% | $437K | $251K | 25x | as long as short |
| Phemex BCHUSDTlong | −0.0197% | 8h | 267.14 | long leg | $4.9M | $6.3M | 50x | |
| SoDEX BCH-USD | −0.0168% | 1h | 267.25 | +0.041% | $2K | $6K | 10x | as long as short |
| Binance BCHUSDTshort | −0.0121% | 8h | 267.18 | +0.015% | $73.8M | $229.6M | 75x | |
| MEXC BCH_USDT | −0.0121% | 8h | 267.84 | +0.262% | $70.9M | $6.3M | 200x | as long as short |
| Extended BCH-USD | −0.0120% | 1h | 267.14 | −0.001% | $105K | $643K | 25x | as long as short |
| Bybit BCHUSDT | −0.0101% | 8h | 267.06 | −0.030% | $39.3M | $32.1M | 75x | as long as short |
| Variational Omni BCH | −0.0082% | 8h | 266.75 | −0.145% | $85K | $291K | — | as long as short |
| GRVT BCH_USDT_Perp | −0.0067% | 8h | 266.89 | −0.094% | $389K | $17K | 10x | as long as short |
Injective BCH/USDC PERP
Deribit BCH_USDC-PERPETUAL
SoDEX BCH-USD
MEXC BCH_USDT
Extended BCH-USD
Bybit BCHUSDT
Variational Omni BCH
GRVT BCH_USDT_PerpShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BCHUSDT | −0.0056% | 8h | 267.16 | +0.007% | $20.0M | $28.7M | 75x | as long as short |
| Gate BCH_USDT | −0.0038% | 8h | 267.21 | +0.026% | $8.4M | $14.3M | 75x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0024% | 1h | 266.89 | −0.094% | $254K | $2.0M | 50x | as long as short |
| BingX BCH-USDC | −0.0018% | 8h | 267.20 | +0.022% | — | $6.5M | — | as long as short |
| OKX BCH-USDT-SWAP | −0.0018% | 8h | 267.10 | −0.015% | $26.2M | $75.5M | 50x | as long as short |
| BloFin BCH-USDT | −0.0001% | 8h | 266.79 | −0.131% | $4.0M | $4.1M | 50x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 267.28 | +0.052% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 267.47 | +0.124% | $1.1M | $11.7M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 267.29 | +0.057% | $4K | — | 150x | as long as short |
| Orderly PERP_BCH_USDC | +0.0029% | 8h | 267.13 | −0.004% | $2K | $176 | 10x | as long as short |
| Nado BCH-PERP | +0.0069% | 1h | 267.13 | −0.002% | $440K | $427K | 10x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0074% | 1h | 267.48 | +0.128% | $805K | $3.2M | 50x | as long as short |
| KuCoin BCHUSDTM | +0.0076% | 8h | 267.25 | +0.041% | $8.8M | $8.1M | 75x | as long as short |
| Lighter BCH | +0.0096% | 1h | 267.24 | +0.036% | $375K | $580K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 267.52 | +0.142% | $6.0M | $4.1M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 267.23 | +0.034% | $234K | $674K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 267.21 | +0.025% | $169K | $461K | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 266.90 | −0.090% | $19K | $289K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 266.97 | −0.064% | $73K | $214K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 266.92 | −0.082% | $2K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 267.02 | −0.045% | $768K | $1.6M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0365% / S −0.0554% | 1h | 267.25 | +0.041% | $25K | — | 100x | as long as short |
Bitget BCHUSDT
Gate BCH_USDT
Coinbase International BCH-PERP-INTX
BingX BCH-USDC
OKX BCH-USDT-SWAP
BloFin BCH-USDT
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Orderly PERP_BCH_USDC
Nado BCH-PERP
Kraken Futures PF_BCHUSD
KuCoin BCHUSDTM
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]