Funding you earn now, next payment 08:00 UTC+0.0244%/8h= +26.7% APRnext payment +$2.44 per $10,000 · paid last 24h +0.054%
Price spread now: BloFin against Phemex−0.042%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$430.433% of the position
Funding, last 7 days+0.242%+$24 on $10k
+Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.042%, 7d avg −0.010%
=Funding pays, the price is against you. BloFin is 0.032% cheaper against Phemex than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of −0.010%). If the spread goes back, that is −$3 on $10k: about 10 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.242% in total) that is about 22 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex BCHUSDT | 263.54 | −0.0174 | get 0.0174% / 8h | 2h 20m | $4.9M | $6.6M | 50x |
| Short | BloFin BCH-USDT | 263.43 | 0.0070 | get 0.0070% / 8h | 2h 20m | $3.9M | $4.4M | 50x |
Phemex BCHUSDT
BloFin BCH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $51.21
- Price spread: −0.042% → −0.010%
- −$3.17
- Slippage, 4 orders
- −$19.33
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $4.72
- Costs to cover
- 0.433%
- Break-even
- 6.4 days
Slippage from Phemex: live order book, 3 min ago; BloFin: live order book, 3 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, 3 min ago | 0.76 bp | 9.2 bp −$9 | 18.0 bp −$180 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 0.38 bp | 13.8 bp −$14 | 24.0 bp −$240 | 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX BCH-USDT | −0.0229% | 8h | 263.60 | +0.023% | $770K | $1.4M | 75x | as long as short |
| SoDEX BCH-USD | −0.0219% | 1h | 263.36 | −0.068% | $2K | $8K | 10x | as long as short |
| Phemex BCHUSDTlong | −0.0174% | 8h | 263.54 | long leg | $4.9M | $6.6M | 50x | |
| Bitget BCHUSDT | −0.0107% | 8h | 264.09 | +0.209% | $18.9M | $28.4M | 75x | as long as short |
| KuCoin BCHUSDTM | −0.0097% | 8h | 264.16 | +0.235% | $8.5M | $6.8M | 75x | as long as short |
| SunX BCH-USDT | −0.0079% | 8h | 263.62 | +0.030% | $2K | $1.7M | 30x | as long as short |
| Variational Omni BCH | −0.0076% | 8h | 263.30 | −0.090% | $81K | $196K | — | as long as short |
| OKX BCH-USDT-SWAP | −0.0073% | 8h | 264.00 | +0.175% | $25.1M | $77.6M | 50x | as long as short |
| Nado BCH-PERP | −0.0059% | 1h | 263.95 | +0.155% | $432K | $354K | 10x | as long as short |
| Binance BCHUSDT | −0.0050% | 8h | 264.14 | +0.228% | $72.9M | $220.2M | 75x | as long as short |
HTX BCH-USDT
SoDEX BCH-USD
Bitget BCHUSDT
KuCoin BCHUSDTM
SunX BCH-USDT
Variational Omni BCH
OKX BCH-USDT-SWAP
Nado BCH-PERP
Binance BCHUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BCH_USDT | −0.0050% | 8h | 264.50 | +0.364% | $70.3M | $8.4M | 200x | as long as short |
| Extended BCH-USD | −0.0048% | 1h | 263.99 | +0.172% | $111K | $1.1M | 25x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0040% | 1h | 264.08 | +0.205% | $218K | $1.9M | 50x | as long as short |
| Bybit BCHUSDT | −0.0031% | 8h | 264.01 | +0.178% | $38.8M | $31.7M | 75x | as long as short |
| BingX BCH-USDC | −0.0023% | 8h | 264.08 | +0.205% | — | $6.5M | — | as long as short |
| GRVT BCH_USDT_Perp | −0.0022% | 8h | 262.55 | −0.376% | $383K | $17K | 10x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 264.23 | +0.262% | $15K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 264.00 | +0.175% | $5K | $240 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 263.75 | +0.080% | $980K | $10.5M | 2.7x | as long as short |
| Deribit BCH_USDC-PERPETUAL | 0.0000% | 1h | 263.52 | −0.007% | $439K | $333K | 25x | as long as short |
| Gate BCH_USDT | +0.0024% | 8h | 264.18 | +0.243% | $8.3M | $13.9M | 75x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +2.527% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0045% | 8h | 264.11 | +0.216% | $2K | $176 | 10x | as long as short |
| Aster BCHUSDT | +0.0065% | 8h | 264.03 | +0.185% | $153K | $556K | 75x | as long as short |
| BloFin BCH-USDTshort | +0.0070% | 8h | 263.43 | −0.042% | $3.9M | $4.4M | 50x | |
| Lighter BCH | +0.0096% | 1h | 263.96 | +0.161% | $352K | $497K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 264.33 | +0.300% | $5.7M | $4.7M | 10x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 263.93 | +0.149% | $159K | $306K | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 262.51 | −0.391% | $18K | $347K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 262.75 | −0.300% | $94K | $237K | 50x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0180% | 1h | 263.53 | −0.004% | $842K | $3.0M | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0202% / S −0.0147% | 1h | 264.26 | +0.273% | $12K | — | 100x | as long as short |
MEXC BCH_USDT
Extended BCH-USD
Coinbase International BCH-PERP-INTX
Bybit BCHUSDT
BingX BCH-USDC
GRVT BCH_USDT_Perp
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Kalshi KXBCHPERP
Deribit BCH_USDC-PERPETUAL
Gate BCH_USDT
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
Aster BCHUSDT
Lighter BCH
Hyperliquid BCH
Pacifica BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
Kraken Futures PF_BCHUSD
GMX BCH/USD [WBTC.b-USDC]