Funding you earn now, next payment 02:00 UTC+0.0172%/8h= +18.9% APRpaid last 24h −0.011%
Price spread now: Kraken Futures against Phemex+0.116%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$470.469% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 3 days (all we have)−0.043%−$4 · spread now +0.116%, 7d avg +0.046%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.070% dearer against Phemex than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.046%. Mind the row above: over the last 7 days funding on this pair cost −0.079%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex BCHUSDT | 265.61 | −0.0471 | get 0.0471% / 8h | 6h 22m | $4.9M | $6.6M | 50x |
| Short | Kraken Futures PF_BCHUSD | 265.92 | −0.0299 | pay 0.0037% / 1h | 22m 32s | $853K | $3.1M | 50x |
Phemex BCHUSDT
Kraken Futures PF_BCHUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $36.18
- Price spread: +0.116% → +0.046%
- $6.96
- Slippage, 4 orders
- −$24.88
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$3.73
- Costs to cover
- 0.469%
- Break-even
- 7.7 days
Slippage from Phemex: live order book, 6 min ago; Kraken Futures: live order book, 1 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 | 0.94 bp | 8.7 bp −$9 | 18.6 bp −$186 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 6.20 bp | 11.2 bp −$11 | 21.2 bp −$212 | doesn't fit | doesn't fit |
BCH on 31 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX BCH-USDT | −0.0886% | 8h | 265.58 | −0.011% | $2K | $1.8M | 30x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0540% | 1h | 265.77 | +0.061% | $449K | $255K | 25x | as long as short |
| SoDEX BCH-USD | −0.0530% | 1h | 265.64 | +0.011% | $2K | $6K | 10x | as long as short |
| Phemex BCHUSDTlong | −0.0471% | 8h | 265.61 | long leg | $4.9M | $6.6M | 50x | |
| HTX BCH-USDT | −0.0322% | 8h | 265.86 | +0.094% | $779K | $1.6M | 75x | as long as short |
| Kraken Futures PF_BCHUSDshort | −0.0299% | 1h | 265.92 | +0.116% | $853K | $3.1M | 50x | |
| ApeX Omni BCHUSDT | −0.0180% | 1h | 266.16 | +0.207% | $97K | $227K | 50x | as long as short |
| GRVT BCH_USDT_Perp | −0.0177% | 8h | 266.06 | +0.170% | $388K | $17K | 10x | as long as short |
| Variational Omni BCH | −0.0117% | 8h | 266.11 | +0.187% | $82K | $253K | — | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0112% | 1h | 265.88 | +0.102% | $232K | $2.0M | 50x | as long as short |
SunX BCH-USDT
Deribit BCH_USDC-PERPETUAL
SoDEX BCH-USD
HTX BCH-USDT
ApeX Omni BCHUSDT
GRVT BCH_USDT_Perp
Variational Omni BCH
Coinbase International BCH-PERP-INTXShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BCH_USDT | −0.0107% | 8h | 266.14 | +0.200% | $8.4M | $13.5M | 75x | as long as short |
| Binance BCHUSDT | −0.0099% | 8h | 266.02 | +0.153% | $71.9M | $229.3M | 75x | as long as short |
| MEXC BCH_USDT | −0.0099% | 8h | 266.47 | +0.324% | $70.3M | $7.0M | 200x | as long as short |
| Extended BCH-USD | −0.0096% | 1h | 265.88 | +0.103% | $112K | $962K | 25x | as long as short |
| Bybit BCHUSDT | −0.0066% | 8h | 266.01 | +0.151% | $39.3M | $33.0M | 75x | as long as short |
| OKX BCH-USDT-SWAP | −0.0047% | 8h | 266.00 | +0.147% | $25.3M | $78.3M | 50x | as long as short |
| Bitget BCHUSDT | −0.0042% | 8h | 265.99 | +0.143% | $19.1M | $29.2M | 75x | as long as short |
| Nado BCH-PERP | −0.0039% | 1h | 265.96 | +0.133% | $422K | $380K | 10x | as long as short |
| BingX BCH-USDT | −0.0031% | 8h | 265.98 | +0.139% | — | $32.3M | — | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 266.13 | +0.195% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 266.24 | +0.237% | $1.1M | $10.7M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 266.22 | +0.230% | $4K | — | 150x | as long as short |
| KuCoin BCHUSDTM | +0.0028% | 8h | 265.95 | +0.128% | $8.6M | $7.5M | 75x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +1.728% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0034% | 8h | 265.96 | +0.132% | $2K | $176 | 10x | as long as short |
| Pacifica BCH | +0.0040% | 1h | 265.98 | +0.140% | $162K | $404K | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 265.98 | +0.138% | $366K | $478K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 266.29 | +0.256% | $5.8M | $5.0M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 266.09 | +0.183% | $168K | $697K | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 265.36 | −0.095% | $19K | $291K | 20x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0333% / S −0.0451% | 1h | 266.22 | +0.231% | $25K | — | 100x | as long as short |
Gate BCH_USDT
Binance BCHUSDT
MEXC BCH_USDT
Extended BCH-USD
Bybit BCHUSDT
OKX BCH-USDT-SWAP
Bitget BCHUSDT
Nado BCH-PERP
BingX BCH-USDT
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
KuCoin BCHUSDTM
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
Pacifica BCH
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
edgeX BCHUSDC
GMX BCH/USD [WBTC.b-USDC]