BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0134%/8h= +14.7% APRnext payment +$1.34 per $10,000 · paid last 24h +0.021%

Price spread now: Bitget against Phemex+0.056%46s7-day average −0.018% · 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—prices read too far apart to compare

costs, in and out, $10k−$370.373% of the position

Long on Phemex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 3 days (all we have)−0.044%−$4 · spread now +0.056%, 7d avg −0.018%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bitget is 0.074% dearer against Phemex than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.018%. The two prices were read 46 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	Phemex BCHUSDT	266.33	−0.0114	get 0.0114% / 8h	9m 32s	$4.9M	$6.5M	50x
Short	Bitget BCHUSDT	266.48	0.0020	get 0.0020% / 8h	9m 32s	$19.1M	$30.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Phemex. 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 PhemexbpFee BitgetbpOrdersPrice spread, now +0.056%Rate

Funding earned: $28.24
Price spread: +0.056% → −0.018%: $7.4
Slippage, 4 orders: −$13.33
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$1.7
Costs to cover: 0.373%
Break-even: 7.4 days

Slippage from Phemex: live order book, 4 min ago; Bitget: 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 Phemex live order book, 4 min ago	0.19 bp	8.8 bp −$9	17.5 bp −$175	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.56 bp	9.5 bp −$10	16.4 bp −$164	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	−0.0549%	1h	266.46	+0.048%	$450K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0335%	1h	266.26	−0.026%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0136%	8h	266.11	−0.082%	$82K	$292K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0126%	1h	266.59	+0.099%	$841K	$3.1M	50x	as long as short
Phemex BCHUSDTlong	−0.0114%	8h	266.33	long leg	$4.9M	$6.5M	50x
ApeX Omni BCHUSDT	−0.0108%	1h	266.44	+0.041%	$72K	$214K	50x	as long as short
Bybit BCHUSDT	−0.0077%	8h	266.40	+0.026%	$39.2M	$33.0M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+1.453%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	266.58	+0.094%	$224K	$2.1M	50x	as long as short
Binance BCHUSDT	−0.0026%	8h	266.44	+0.041%	$72.9M	$232.8M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0024%	1h	266.30	−0.013%	$115K	$652K	25x	as long as short
MEXC BCH_USDT	−0.0024%	8h	267.00	+0.252%	$70.0M	$6.9M	200x	as long as short
dYdX BCH-USD	0.0000%	1h	266.60	+0.100%	$5K	$248	10x	as long as short
Gate BCH_USDT	0.0000%	8h	266.47	+0.053%	$8.3M	$14.9M	75x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.82	+0.184%	$1.2M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	266.52	+0.071%	$4K	—	150x	as long as short
Nado BCH-PERP	+0.0018%	1h	266.35	+0.008%	$442K	$434K	10x	as long as short
Bitget BCHUSDTshort	+0.0020%	8h	266.48	+0.056%	$19.1M	$30.1M	75x
GRVT BCH_USDT_Perp	+0.0020%	8h	266.27	−0.023%	$388K	$17K	10x	as long as short
OKX BCH-USDT-SWAP	+0.0028%	8h	266.40	+0.026%	$25.9M	$78.4M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	266.28	−0.019%	$2K	$176	10x	as long as short
BingX BCH-USDT	+0.0033%	8h	266.39	+0.023%	—	$31.2M	—	as long as short
BloFin BCH-USDT	+0.0096%	8h	266.06	−0.101%	$3.9M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	266.56	+0.084%	$367K	$558K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.87	+0.203%	$6.0M	$4.5M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.48	+0.057%	$210K	$673K	75x	as long as short
Pacifica BCH	+0.0100%	1h	266.51	+0.068%	$162K	$429K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	266.51	+0.068%	$9.0M	$7.8M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.19	−0.051%	$19K	$290K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.28	−0.019%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	266.40	+0.026%	$773K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0332% / S −0.0451%	1h	266.53	+0.075%	$25K	—	100x	as long as short