BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0079%/8h= +8.7% APRnext payment +$0.79 per $10,000 · paid last 24h +0.023%

Price spread now: OKX against Phemex−0.064%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.064%, 7d avg −0.030%

Together, before fees+0.140%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.035% cheaper against Phemex than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of −0.030%). If the spread goes back, that is −$3 on $10k: about 35 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.059% in total) that is about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BCHUSDT	264.17	−0.0163	get 0.0163% / 8h	1h 36m	$4.9M	$6.6M	50x
Short	OKX BCH-USDT-SWAP	264.00	−0.0084	pay 0.0084% / 8h	1h 36m	$25.2M	$77.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.064%Rate

Funding earned: $16.65
Price spread: −0.064% → −0.030%: −$3.46
Slippage, 4 orders: −$15.76
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$24.57
Costs to cover: 0.378%
Break-even: 17.3 days

Slippage from Phemex: live order book, 3 min ago; OKX: 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	1.51 bp	10.9 bp −$11	20.0 bp −$200	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.89 bp	7.8 bp −$8	15.6 bp −$156	90.4 bp −$9,042	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	−0.0441%	1h	264.06	−0.042%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0191%	8h	264.00	−0.064%	$772K	$1.4M	75x	as long as short
Phemex BCHUSDTlong	−0.0163%	8h	264.17	long leg	$4.9M	$6.6M	50x
KuCoin BCHUSDTM	−0.0111%	8h	264.21	+0.015%	$8.5M	$6.7M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0103%	1h	264.27	+0.036%	$860K	$3.0M	50x	as long as short
Bitget BCHUSDT	−0.0090%	8h	264.07	−0.038%	$18.9M	$28.4M	75x	as long as short
OKX BCH-USDT-SWAPshort	−0.0084%	8h	264.00	−0.064%	$25.2M	$77.9M	50x
Variational Omni BCH	−0.0082%	8h	264.70	+0.202%	$81K	$196K	—	as long as short
Bybit BCHUSDT	−0.0058%	8h	264.04	−0.049%	$38.8M	$31.8M	75x	as long as short
Binance BCHUSDT	−0.0049%	8h	264.14	−0.011%	$72.7M	$221.0M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0049%	8h	264.49	+0.121%	$70.5M	$8.7M	200x	as long as short
Extended BCH-USD	−0.0048%	1h	263.99	−0.070%	$112K	$876K	25x	as long as short
BingX BCH-USDC	−0.0036%	8h	264.07	−0.038%	—	$6.5M	—	as long as short
GRVT BCH_USDT_Perp	−0.0023%	8h	265.05	+0.333%	$386K	$17K	10x	as long as short
Gate BCH_USDT	−0.0017%	8h	264.28	+0.042%	$8.3M	$13.8M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.34	+0.063%	$15K	—	150x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0003%	1h	264.26	+0.033%	$440K	$335K	25x	as long as short
dYdX BCH-USD	0.0000%	1h	264.41	+0.091%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.51	+0.129%	$983K	$10.5M	2.7x	as long as short
Coinbase International BCH-PERP-INTX	+0.0008%	1h	265.10	+0.352%	$224K	$1.9M	50x	as long as short
ApeX Omni BCHUSDT	+0.0015%	1h	265.08	+0.344%	$95K	$237K	50x	as long as short
Nado BCH-PERP	+0.0017%	1h	264.09	−0.031%	$434K	$356K	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.283%	$721	$130K	12x	as long as short
SunX BCH-USDT	+0.0039%	8h	263.98	−0.072%	$1K	$1.7M	30x	as long as short
Orderly PERP_BCH_USDC	+0.0045%	8h	264.13	−0.015%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0053%	8h	264.36	+0.072%	$137K	$590K	75x	as long as short
BloFin BCH-USDT	+0.0071%	8h	264.28	+0.042%	$3.9M	$4.5M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.15	−0.009%	$352K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.35	+0.066%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	264.15	−0.009%	$158K	$312K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.55	+0.145%	$18K	$344K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.29	+0.046%	$12K	—	100x	as long as short