BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.84 per $10,000 · paid last 24h +0.031%

Price spread now: KuCoin against Phemex−0.041%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$630.632% of the position

Long on Phemex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.041%, 7d avg +0.017%

Together, before fees+0.217%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.058% cheaper against Phemex than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of +0.017%). If the spread goes back, that is −$6 on $10k: about 2.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BCHUSDT	265.76	−0.0173	get 0.0173% / 8h	40m 31s	$4.9M	$6.6M	50x
Short	KuCoin BCHUSDTM	265.65	−0.0089	pay 0.0089% / 8h	40m 31s	$8.5M	$6.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.041%Rate

Funding earned: $17.65
Price spread: −0.041% → +0.017%: −$5.81
Slippage, 4 orders: −$39.2
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$51.36
Costs to cover: 0.632%
Break-even: 27.4 days

Slippage from Phemex: live order book, 3 min ago; KuCoin: live order book, 8 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	6.21 bp	13.5 bp −$14	21.9 bp −$219	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	1.88 bp	15.2 bp −$15	56.7 bp −$567	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
SoDEX BCH-USD	−0.0279%	1h	265.77	+0.004%	$2K	$8K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0219%	1h	266.04	+0.105%	$864K	$2.8M	50x	as long as short
Phemex BCHUSDTlong	−0.0173%	8h	265.76	long leg	$4.9M	$6.6M	50x
HTX BCH-USDT	−0.0117%	8h	265.63	−0.049%	$777K	$1.4M	75x	as long as short
Variational Omni BCH	−0.0111%	8h	265.60	−0.061%	$81K	$196K	—	as long as short
Bybit BCHUSDT	−0.0090%	8h	265.20	−0.211%	$39.0M	$31.2M	75x	as long as short
KuCoin BCHUSDTMshort	−0.0089%	8h	265.65	−0.041%	$8.5M	$6.5M	75x
Bitget BCHUSDT	−0.0070%	8h	265.31	−0.169%	$19.2M	$27.4M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0062%	8h	265.10	−0.248%	$25.3M	$77.1M	50x	as long as short
Binance BCHUSDT	−0.0048%	8h	265.28	−0.181%	$73.2M	$215.6M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0048%	1h	265.18	−0.219%	$111K	$909K	25x	as long as short
MEXC BCH_USDT	−0.0047%	8h	265.86	+0.038%	$70.9M	$8.7M	200x	as long as short
BingX BCH-USDC	−0.0038%	8h	265.39	−0.139%	—	$6.5M	—	as long as short
GRVT BCH_USDT_Perp	−0.0034%	8h	265.36	−0.151%	$387K	$17K	10x	as long as short
Gate BCH_USDT	−0.0018%	8h	265.38	−0.143%	$8.4M	$13.5M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.93	+0.065%	$15K	—	150x	as long as short
Pacifica BCH	−0.0003%	1h	265.51	−0.095%	$159K	$310K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	265.80	+0.016%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.07	+0.117%	$1.0M	$10.2M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.99	+0.085%	$429K	$351K	25x	as long as short
Aster BCHUSDT	+0.0033%	8h	265.60	−0.060%	$137K	$593K	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.671%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0045%	8h	265.84	+0.030%	$2K	$176	10x	as long as short
Nado BCH-PERP	+0.0068%	1h	265.18	−0.217%	$436K	$359K	10x	as long as short
BloFin BCH-USDT	+0.0072%	8h	265.86	+0.038%	$4.0M	$4.5M	50x	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	266.34	+0.218%	$251K	$1.9M	50x	as long as short
Lighter BCH	+0.0096%	1h	265.58	−0.067%	$354K	$469K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.49	−0.101%	$5.7M	$4.7M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.57	−0.070%	$19K	$343K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.53	−0.087%	$95K	$241K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	265.56	−0.075%	$1K	$1.6M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	265.96	+0.076%	$12K	—	100x	as long as short