Funding you earn now, next payment 08:00 UTC+0.0320%/8h= +35.0% APRnext payment +$3.20 per $10,000 · paid last 24h +0.006%
Price spread now: GRVT against Phemex+0.213%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$510.512% of the position
Funding, last 7 days+0.034%+$3 on $10k
+Price spread, last 3 days (all we have)−0.203%−$20 · spread now +0.213%, 7d avg −0.015%
=Together, before fees−0.169%+ Points / potential airdropGRVT: Active · farm board−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and GRVT is 0.227% dearer against Phemex than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.015%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.034% in total (about 1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.20 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 | 268.50 | −0.0499 | get 0.0499% / 8h | 7h 16m | $4.9M | $6.5M | 50x |
| Short | GRVT BCH_USDT_Perp | 269.07 | −0.0179 | pay 0.0179% / 8h | 7h 16m | $392K | $17K | 10x |
Phemex BCHUSDT
GRVT BCH_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $67.11
- Price spread: +0.213% → −0.015%
- $22.74
- Slippage, 4 orders
- −$30.18
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $38.68
- Costs to cover
- 0.512%
- Break-even
- 3.0 days
Slippage from Phemex: live order book, 2 min ago; GRVT: live order book, 56 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, 2 min ago | 7.66 bp | 16.3 bp −$16 | 23.9 bp −$239 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 56 min ago | 0.56 bp | 9.7 bp −$10 | doesn't fit | 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 | −0.0647% | 1h | 268.53 | +0.010% | $454K | $266K | 25x | as long as short |
| SoDEX BCH-USD | −0.0564% | 1h | 268.45 | −0.019% | $2K | $6K | 10x | as long as short |
| Phemex BCHUSDTlong | −0.0499% | 8h | 268.50 | long leg | $4.9M | $6.5M | 50x | |
| Gate BCH_USDT | −0.0196% | 8h | 268.73 | +0.086% | $8.4M | $14.3M | 75x | as long as short |
| ApeX Omni BCHUSDT | −0.0184% | 1h | 269.15 | +0.242% | $73K | $215K | 50x | as long as short |
| GRVT BCH_USDT_Perpshort | −0.0179% | 8h | 269.07 | +0.213% | $392K | $17K | 10x | |
| Variational Omni BCH | −0.0129% | 8h | 269.11 | +0.226% | $82K | $285K | — | as long as short |
| Bybit BCHUSDT | −0.0094% | 8h | 269.00 | +0.186% | $39.8M | $32.5M | 75x | as long as short |
| Extended BCH-USD | −0.0072% | 1h | 268.63 | +0.048% | $116K | $961K | 25x | as long as short |
| Binance BCHUSDT | −0.0070% | 8h | 268.96 | +0.172% | $72.9M | $229.5M | 75x | as long as short |
Deribit BCH_USDC-PERPETUAL
SoDEX BCH-USD
Gate BCH_USDT
ApeX Omni BCHUSDT
Variational Omni BCH
Bybit BCHUSDT
Extended BCH-USD
Binance BCHUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BCH_USDT | −0.0068% | 8h | 269.22 | +0.268% | $70.6M | $6.7M | 200x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0056% | 1h | 268.56 | +0.022% | $230K | $2.0M | 50x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0049% | 1h | 268.76 | +0.096% | $856K | $3.1M | 50x | as long as short |
| Bitget BCHUSDT | −0.0023% | 8h | 268.88 | +0.142% | $19.3M | $29.1M | 75x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0003% / S +0.0007% | 1h | 268.65 | +0.057% | $7K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 269.14 | +0.240% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 268.94 | +0.164% | $1.1M | $10.9M | 2.7x | as long as short |
| OKX BCH-USDT-SWAP | +0.0008% | 8h | 268.90 | +0.149% | $26.1M | $76.4M | 50x | as long as short |
| BingX BCH-USDT | +0.0011% | 8h | 268.82 | +0.119% | — | $32.3M | — | as long as short |
| Nado BCH-PERP | +0.0019% | 1h | 268.44 | −0.021% | $439K | $419K | 10x | as long as short |
| Orderly PERP_BCH_USDC | +0.0029% | 8h | 268.42 | −0.030% | $2K | $176 | 10x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +0.633% | $721 | $130K | 12x | as long as short |
| BloFin BCH-USDT | +0.0050% | 8h | 268.56 | +0.022% | $3.9M | $4.2M | 50x | as long as short |
| HTX BCH-USDT | +0.0059% | 8h | 268.43 | −0.026% | $780K | $1.6M | 75x | as long as short |
| Lighter BCH | +0.0096% | 1h | 268.97 | +0.176% | $370K | $530K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 269.25 | +0.279% | $6.6M | $4.6M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 268.66 | +0.059% | $177K | $658K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 268.99 | +0.184% | $164K | $407K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 268.63 | +0.048% | $8.8M | $7.7M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 269.14 | +0.239% | $19K | $291K | 20x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 268.19 | −0.115% | $2K | $1.9M | 30x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0334% / S −0.0451% | 1h | 268.60 | +0.038% | $25K | — | 100x | as long as short |
MEXC BCH_USDT
Coinbase International BCH-PERP-INTX
Kraken Futures PF_BCHUSD
Bitget BCHUSDT
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Kalshi KXBCHPERP
OKX BCH-USDT-SWAP
BingX BCH-USDT
Nado BCH-PERP
Orderly PERP_BCH_USDC
Injective BCH/USDC PERP
BloFin BCH-USDT
HTX BCH-USDT
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
SunX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]