Funding you earn now, next payment 00:00 UTC+0.0187%/8h= +20.5% APRnext payment +$1.87 per $10,000 · paid last 24h +0.021%
Price spread now: BingX against Phemex−0.048%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$320.321% of the position
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. BingX is 0.048% cheaper against Phemex than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 21 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.083% in total) that is about 4.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.083% in total (about 4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.87 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 | Phemex BCHUSDT | 269.05 | −0.0147 | get 0.0147% / 8h | 29m 09s | $4.9M | $6.4M | 50x |
| Short | BingX BCH-USDT | 268.92 | 0.0040 | get 0.0040% / 8h | 29m 09s | — | $31.0M | — |
Phemex BCHUSDT
BingX BCH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $39.22
- Price spread: −0.048% → 0.000%
- −$4.83
- Slippage, 4 orders
- −$10.11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $2.28
- Costs to cover
- 0.321%
- Break-even
- 6.6 days
Slippage from Phemex: live order book, 5 min ago; BingX: live order book, 10 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, 5 min ago | 2.23 bp | 10.0 bp −$10 | 18.4 bp −$184 | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 0.74 bp | 5.7 bp −$6 | 6.0 bp −$60 | 14.5 bp −$1,452 | 21.1 bp −$10.6K |
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 | −0.0281% | 1h | 269.02 | −0.012% | $454K | $266K | 25x | as long as short |
| Phemex BCHUSDTlong | −0.0147% | 8h | 269.05 | long leg | $4.9M | $6.4M | 50x | |
| Variational Omni BCH | −0.0142% | 8h | 268.92 | −0.049% | $82K | $294K | — | as long as short |
| SoDEX BCH-USD | −0.0137% | 1h | 268.91 | −0.052% | $2K | $6K | 10x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0125% | 1h | 269.22 | +0.062% | $829K | $3.1M | 50x | as long as short |
| Bybit BCHUSDT | −0.0091% | 8h | 268.90 | −0.056% | $39.4M | $32.5M | 75x | as long as short |
| Injective BCH/USDC PERP | −0.0054% | 1h | 270.20 | +0.427% | $721 | $130K | 12x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0032% | 1h | 268.97 | −0.030% | $233K | $2.0M | 50x | as long as short |
| MEXC BCH_USDT | −0.0018% | 8h | 269.43 | +0.141% | $70.5M | $6.7M | 200x | as long as short |
| Binance BCHUSDT | −0.0018% | 8h | 268.97 | −0.030% | $74.4M | $229.5M | 75x | as long as short |
Deribit BCH_USDC-PERPETUAL
Variational Omni BCH
SoDEX BCH-USD
Kraken Futures PF_BCHUSD
Bybit BCHUSDT
Injective BCH/USDC PERP
Coinbase International BCH-PERP-INTX
MEXC BCH_USDT
Binance BCHUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BCH-USD | −0.0016% | 1h | 268.84 | −0.078% | $116K | $652K | 25x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 269.01 | −0.015% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 269.08 | +0.011% | $1.3M | $11.5M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 268.95 | −0.036% | $4K | — | 150x | as long as short |
| Gate BCH_USDT | +0.0008% | 8h | 268.96 | −0.033% | $8.4M | $14.5M | 75x | as long as short |
| Orderly PERP_BCH_USDC | +0.0028% | 8h | 268.94 | −0.041% | $2K | $176 | 10x | as long as short |
| Bitget BCHUSDT | +0.0030% | 8h | 268.89 | −0.059% | $19.1M | $29.2M | 75x | as long as short |
| GRVT BCH_USDT_Perp | +0.0032% | 8h | 269.11 | +0.021% | $392K | $17K | 10x | as long as short |
| OKX BCH-USDT-SWAP | +0.0039% | 8h | 268.90 | −0.056% | $26.3M | $77.6M | 50x | as long as short |
| BingX BCH-USDTshort | +0.0040% | 8h | 268.92 | −0.048% | — | $31.0M | — | |
| Lighter BCH | +0.0096% | 1h | 269.04 | −0.004% | $371K | $556K | 10x | as long as short |
| Nado BCH-PERP | +0.0100% | 1h | 268.67 | −0.142% | $444K | $426K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 269.37 | +0.119% | $6.0M | $4.3M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 268.89 | −0.059% | $214K | $671K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 268.92 | −0.048% | $163K | $440K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 268.96 | −0.033% | $9.2M | $7.7M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 268.75 | −0.113% | $19K | $291K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 268.81 | −0.089% | $73K | $214K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 268.71 | −0.126% | $2K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 268.63 | −0.156% | $776K | $1.6M | 75x | as long as short |
| BloFin BCH-USDT | +0.0102% | 8h | 268.83 | −0.082% | $4.0M | $4.2M | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0334% / S −0.0340% | 1h | 268.96 | −0.033% | $27K | — | 100x | as long as short |
Extended BCH-USD
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Gate BCH_USDT
Orderly PERP_BCH_USDC
Bitget BCHUSDT
GRVT BCH_USDT_Perp
OKX BCH-USDT-SWAP
Lighter BCH
Nado BCH-PERP
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
BloFin BCH-USDT
GMX BCH/USD [WBTC.b-USDC]