Funding you earn now, next payment 08:00 UTC+0.1204%/8h= +131.9% APRnext payment +$12.04 per $10,000 · paid last 24h −0.014%
Price spread now: Bybit against SunX−0.151%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$177as in the Price arb table
costs, in and out, $10k−$1611.613% of the position
Funding, last 7 days−0.123%−$12 on $10k
+Price spread, last 3 days (all we have)+0.181%+$18 · spread now −0.151%, 7d avg +0.010%
=Funding pays, the price is against you. Bybit is 0.161% cheaper against SunX than usual: you would sell low and buy high (spread −0.151% now, against its 7-day average of +0.010%). If the spread goes back, that is −$16 on $10k: about 11 hours of funding at the current rate (+$36 a day). Mind the row above: over the last 7 days funding on this pair cost −0.123%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.123% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$12.04 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 | SunX BCH-USDT | 264.70 | −0.1279 | get 0.1279% / 8h | 6h 09m | $1K | $1.8M | 30x |
| Short | Bybit BCHUSDT | 264.30 | −0.0074 | pay 0.0074% / 8h | 6h 09m | $39.1M | $33.0M | 75x |
SunX BCH-USDT
Bybit BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against SunX. 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
- $252.91
- Price spread: −0.151% → +0.010%
- −$16.06
- Slippage, 4 orders
- −$142.28
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $75.56
- Costs to cover
- 1.613%
- Break-even
- 4.9 days
Slippage from SunX: live order book, 6 min ago; Bybit: live order book, 4 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 SunX live order book, 6 min ago | 54.95 bp | 75.2 bp −$75 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.89 bp | 10.7 bp −$11 | 15.2 bp −$152 | 61.5 bp −$6,147 | 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-USDTlong | −0.1279% | 8h | 264.70 | long leg | $1K | $1.8M | 30x | |
| SoDEX BCH-USD | −0.0520% | 1h | 264.48 | −0.083% | $2K | $8K | 10x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0494% | 1h | 264.56 | −0.054% | $447K | $255K | 25x | as long as short |
| Phemex BCHUSDT | −0.0456% | 8h | 264.43 | −0.102% | $4.9M | $6.6M | 50x | as long as short |
| HTX BCH-USDT | −0.0405% | 8h | 264.79 | +0.034% | $775K | $1.6M | 75x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0300% | 1h | 264.74 | +0.017% | $849K | $3.1M | 50x | as long as short |
| GRVT BCH_USDT_Perp | −0.0205% | 8h | 265.02 | +0.121% | $386K | $17K | 10x | as long as short |
| Gate BCH_USDT | −0.0136% | 8h | 264.63 | −0.026% | $8.3M | $13.6M | 75x | as long as short |
| ApeX Omni BCHUSDT | −0.0131% | 1h | 265.18 | +0.181% | $97K | $227K | 50x | as long as short |
| Variational Omni BCH | −0.0117% | 8h | 264.80 | +0.039% | $81K | $231K | — | as long as short |
SoDEX BCH-USD
Deribit BCH_USDC-PERPETUAL
Phemex BCHUSDT
HTX BCH-USDT
Kraken Futures PF_BCHUSD
GRVT BCH_USDT_Perp
Gate BCH_USDT
ApeX Omni BCHUSDT
Variational Omni BCHShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BCH-PERP-INTX | −0.0112% | 1h | 264.66 | −0.015% | $231K | $2.0M | 50x | as long as short |
| MEXC BCH_USDT | −0.0108% | 8h | 264.68 | −0.008% | $69.8M | $7.1M | 200x | as long as short |
| Binance BCHUSDT | −0.0108% | 8h | 264.29 | −0.156% | $71.5M | $228.8M | 75x | as long as short |
| Extended BCH-USD | −0.0104% | 1h | 264.18 | −0.195% | $112K | $964K | 25x | as long as short |
| Bybit BCHUSDTshort | −0.0074% | 8h | 264.30 | −0.151% | $39.1M | $33.0M | 75x | |
| Nado BCH-PERP | −0.0069% | 1h | 264.76 | +0.024% | $418K | $376K | 10x | as long as short |
| OKX BCH-USDT-SWAP | −0.0052% | 8h | 264.20 | −0.189% | $25.2M | $77.7M | 50x | as long as short |
| Bitget BCHUSDT | −0.0045% | 8h | 264.24 | −0.174% | $18.9M | $29.2M | 75x | as long as short |
| BingX BCH-USDT | −0.0035% | 8h | 264.68 | −0.008% | — | $32.3M | — | as long as short |
| KuCoin BCHUSDTM | −0.0001% | 8h | 264.38 | −0.121% | $8.6M | $7.5M | 75x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 264.99 | +0.109% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 265.25 | +0.208% | $1.1M | $10.7M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 264.74 | +0.013% | $4K | — | 150x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +2.078% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0035% | 8h | 264.49 | −0.079% | $2K | $176 | 10x | as long as short |
| Pacifica BCH | +0.0040% | 1h | 264.80 | +0.037% | $161K | $379K | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 264.54 | −0.060% | $364K | $478K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 264.73 | +0.011% | $5.7M | $5.0M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 264.80 | +0.036% | $168K | $697K | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 264.79 | +0.032% | $19K | $293K | 20x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0333% / S −0.0451% | 1h | 264.68 | −0.008% | $25K | — | 100x | as long as short |
Coinbase International BCH-PERP-INTX
MEXC BCH_USDT
Binance BCHUSDT
Extended BCH-USD
Nado BCH-PERP
OKX BCH-USDT-SWAP
Bitget BCHUSDT
BingX BCH-USDT
KuCoin BCHUSDTM
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
Pacifica BCH
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
edgeX BCHUSDC
GMX BCH/USD [WBTC.b-USDC]