Funding you earn now, next payment 16:00 UTC+0.0709%/8h= +77.6% APRnext payment +$7.09 per $10,000 · paid last 24h +0.043%
Price spread now: HTX against Phemex+0.022%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$610.612% of the position
Funding, last 7 days+0.178%+$18 on $10k
+Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.022%, 7d avg −0.020%
=Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and HTX is 0.042% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.020%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.178% in total (about 9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.09 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 | 268.21 | −0.0609 | get 0.0609% / 8h | 7h 50m | $5.0M | $6.5M | 50x |
| Short | HTX BCH-USDT | 268.27 | 0.0100 | get 0.0100% / 8h | 7h 50m | $781K | $1.4M | 75x |
Phemex BCHUSDT
HTX BCH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- $148.86
- Price spread: +0.022% → −0.020%
- $4.24
- Slippage, 4 orders
- −$37.17
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- $91.93
- Costs to cover
- 0.612%
- Break-even
- 2.7 days
Slippage from Phemex: live order book, 3 min ago; HTX: 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 | 3.18 bp | 12.3 bp −$12 | 21.0 bp −$210 | doesn't fit | doesn't fit |
| Sell HTX live order book, 3 min ago | 5.42 bp | 24.9 bp −$25 | 242.5 bp −$2,425 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex BCHUSDTlong | −0.0609% | 8h | 268.21 | long leg | $5.0M | $6.5M | 50x | |
| SoDEX BCH-USD | −0.0271% | 1h | 268.09 | −0.045% | $2K | $8K | 10x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0157% | 1h | 268.41 | +0.075% | $871K | $2.7M | 50x | as long as short |
| Variational Omni BCH | −0.0133% | 8h | 268.11 | −0.039% | $146K | $259K | — | as long as short |
| OKX BCH-USDT-SWAP | −0.0082% | 8h | 267.60 | −0.227% | $25.4M | $78.5M | 50x | as long as short |
| KuCoin BCHUSDTM | −0.0072% | 8h | 268.11 | −0.037% | $8.6M | $6.3M | 75x | as long as short |
| Bitget BCHUSDT | −0.0071% | 8h | 267.88 | −0.123% | $19.3M | $27.1M | 75x | as long as short |
| Binance BCHUSDT | −0.0043% | 8h | 267.84 | −0.138% | $74.1M | $215.8M | 75x | as long as short |
| MEXC BCH_USDT | −0.0043% | 8h | 268.55 | +0.127% | $72.4M | $9.1M | 200x | as long as short |
| Extended BCH-USD | −0.0040% | 1h | 267.72 | −0.184% | $119K | $912K | 25x | as long as short |
SoDEX BCH-USD
Kraken Futures PF_BCHUSD
Variational Omni BCH
OKX BCH-USDT-SWAP
KuCoin BCHUSDTM
Bitget BCHUSDT
Binance BCHUSDT
MEXC BCH_USDT
Extended BCH-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BCH-USDC | −0.0035% | 8h | 267.97 | −0.089% | — | $6.5M | — | as long as short |
| GRVT BCH_USDT_Perp | −0.0031% | 8h | 267.42 | −0.294% | $390K | $17K | 10x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 268.34 | +0.049% | $15K | — | 150x | as long as short |
| Pacifica BCH | −0.0002% | 1h | 268.04 | −0.062% | $156K | $299K | 10x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 268.31 | +0.039% | $5K | $240 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 268.39 | +0.067% | $1.0M | $9.4M | 2.7x | as long as short |
| Deribit BCH_USDC-PERPETUAL | 0.0000% | 1h | 268.35 | +0.051% | $422K | $359K | 25x | as long as short |
| Aster BCHUSDT | +0.0017% | 8h | 267.94 | −0.101% | $141K | $573K | 75x | as long as short |
| Gate BCH_USDT | +0.0024% | 8h | 268.01 | −0.075% | $8.4M | $12.9M | 75x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +0.742% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0045% | 8h | 268.22 | +0.004% | $2K | — | 10x | as long as short |
| Nado BCH-PERP | +0.0064% | 1h | 267.69 | −0.192% | $430K | $356K | 10x | as long as short |
| BloFin BCH-USDT | +0.0077% | 8h | 268.05 | −0.060% | $3.6M | $4.9M | 50x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0088% | 1h | 268.81 | +0.224% | $305K | $2.1M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 268.18 | −0.010% | $375K | $492K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 268.32 | +0.041% | $5.9M | $4.7M | 10x | as long as short |
| Bybit BCHUSDT | +0.0100% | 8h | 267.74 | −0.175% | $39.6M | $32.1M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 267.29 | −0.342% | $19K | $345K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 267.44 | −0.287% | $96K | $242K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 268.05 | −0.060% | $1K | $1.6M | 30x | as long as short |
| HTX BCH-USDTshort | +0.0100% | 8h | 268.27 | +0.022% | $781K | $1.4M | 75x | |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0203% / S −0.0147% | 1h | 268.33 | +0.044% | $13K | — | 100x | as long as short |
BingX BCH-USDC
GRVT BCH_USDT_Perp
gTrade (Gains Network) BCH/USD
Pacifica BCH
dYdX BCH-USD
Kalshi KXBCHPERP
Deribit BCH_USDC-PERPETUAL
Aster BCHUSDT
Gate BCH_USDT
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
Nado BCH-PERP
BloFin BCH-USDT
Coinbase International BCH-PERP-INTX
Lighter BCH
Hyperliquid BCH
Bybit BCHUSDT
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]