BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0163%/8h= +17.9% APRnext payment +$1.63 per $10,000 · paid last 24h +0.013%

Price spread now: Gate against Phemex−0.022%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$470.471% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 3 days (all we have)+0.204%+$20 · spread now −0.022%, 7d avg +0.003%

Together, before fees+0.218%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.025% cheaper against Phemex than usual: you would sell low and buy high (spread −0.022% now, against its 7-day average of +0.003%). If the spread goes back, that is −$3 on $10k: about 12 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.015% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BCHUSDT	267.32	−0.0211	get 0.0211% / 8h	2h 58m	$4.9M	$6.3M	50x
Short	Gate BCH_USDT	267.26	−0.0048	pay 0.0048% / 8h	2h 58m	$8.3M	$14.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.022%Rate

Funding earned: $34.29
Price spread: −0.022% → +0.003%: −$2.5
Slippage, 4 orders: −$20.14
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$15.36
Costs to cover: 0.471%
Break-even: 10.1 days

Slippage from Phemex: live order book, 6 min ago; Gate: live order book, 5 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	0.75 bp	10.1 bp −$10	17.2 bp −$172	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.68 bp	14.3 bp −$14	23.2 bp −$232	58.6 bp −$5,855	81.0 bp −$40.5K

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	267.99	+0.251%	$715	$47K	12x	as long as short
Phemex BCHUSDTlong	−0.0211%	8h	267.32	long leg	$4.9M	$6.3M	50x
Deribit BCH_USDC-PERPETUAL	−0.0169%	1h	267.30	−0.009%	$437K	$254K	25x	as long as short
Extended BCH-USD	−0.0128%	1h	267.14	−0.066%	$105K	$643K	25x	as long as short
MEXC BCH_USDT	−0.0124%	8h	267.73	+0.153%	$70.9M	$6.3M	200x	as long as short
Binance BCHUSDT	−0.0124%	8h	267.23	−0.035%	$73.9M	$231.6M	75x	as long as short
Bybit BCHUSDT	−0.0120%	8h	267.16	−0.060%	$39.5M	$32.5M	75x	as long as short
Variational Omni BCH	−0.0091%	8h	267.35	+0.013%	$85K	$291K	—	as long as short
GRVT BCH_USDT_Perp	−0.0084%	8h	267.33	+0.003%	$390K	$17K	10x	as long as short
SoDEX BCH-USD	−0.0071%	1h	267.29	−0.011%	$2K	$6K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BCHUSDT	−0.0059%	8h	267.11	−0.079%	$20.2M	$29.0M	75x	as long as short
Gate BCH_USDTshort	−0.0048%	8h	267.26	−0.022%	$8.3M	$14.3M	75x
BingX BCH-USDC	−0.0032%	8h	267.27	−0.019%	—	$6.5M	—	as long as short
OKX BCH-USDT-SWAP	−0.0031%	8h	267.30	−0.007%	$26.2M	$76.4M	50x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	267.52	+0.075%	$261K	$2.1M	50x	as long as short
BloFin BCH-USDT	−0.0004%	8h	267.26	−0.022%	$4.0M	$4.1M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	267.45	+0.049%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.60	+0.105%	$1.1M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.17	−0.055%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	267.25	−0.026%	$2K	$176	10x	as long as short
Nado BCH-PERP	+0.0061%	1h	267.19	−0.051%	$438K	$430K	10x	as long as short
KuCoin BCHUSDTM	+0.0063%	8h	267.25	−0.026%	$8.8M	$8.1M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	267.51	+0.071%	$806K	$3.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	267.25	−0.024%	$375K	$579K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.47	+0.056%	$6.0M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.36	+0.016%	$234K	$682K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.27	−0.019%	$169K	$461K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.31	−0.002%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	267.38	+0.022%	$73K	$215K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.99	−0.123%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.23	−0.034%	$772K	$1.7M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0371% / S −0.0574%	1h	267.36	+0.013%	$26K	—	100x	as long as short