Funding you earn now, next payment 08:00 UTC−0.0327%/8h= −35.8% APRnext payment −$3.27 per $10,000 · paid last 24h −0.019%
Price spread now: GRVT against SunX+0.552%46s7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$940.945% of the position
Funding, last 7 days−0.123%−$12 on $10k
+Price spread, last 3 days (all we have)−0.535%−$53 · spread now +0.552%, 7d avg +0.020%
=Together, before fees−0.658%+ Points / potential airdropGRVT: Active · farm board−$66 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.532% dearer against SunX than usual: you sell high and buy low (spread +0.552% now, against its 7-day average of +0.020%): +$53 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 5.4 days. At the pace of the last 7 days (−0.123% in total) that is about 30 days. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
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 −$3.27 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 | 264.15 | 0.0100 | pay 0.0100% / 8h | 6h 55m | $2K | $1.9M | 30x |
| Short | GRVT BCH_USDT_Perp | 265.61 | −0.0227 | pay 0.0227% / 8h | 6h 55m | $387K | $17K | 10x |
SunX BCH-USDT
GRVT BCH_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$68.67
- Price spread: +0.552% → +0.020%
- $53.22
- Slippage, 4 orders
- −$77.48
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$109.93
- Costs to cover
- 0.945%
- Break-even
- never at this rate
Slippage from SunX: live order book, 10 min ago; GRVT: live order book, 12 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, 10 min ago | 19.77 bp | 40.2 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 12 min ago | 1.49 bp | 13.2 bp −$13 | 24.8 bp −$248 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni BCHUSDT | −0.1211% | 1h | 265.84 | +0.640% | $72K | $214K | 50x | as long as short |
| SoDEX BCH-USD | −0.0537% | 1h | 264.25 | +0.038% | $2K | $6K | 10x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0513% | 1h | 264.37 | +0.084% | $447K | $266K | 25x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0301% | 1h | 264.35 | +0.076% | $850K | $3.1M | 50x | as long as short |
| Phemex BCHUSDT | −0.0248% | 8h | 264.29 | +0.053% | $4.9M | $6.5M | 50x | as long as short |
| GRVT BCH_USDT_Perpshort | −0.0227% | 8h | 265.61 | +0.552% | $387K | $17K | 10x | |
| Gate BCH_USDT | −0.0168% | 8h | 264.04 | −0.042% | $8.3M | $13.1M | 75x | as long as short |
| Variational Omni BCH | −0.0125% | 8h | 264.31 | +0.060% | $81K | $285K | — | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0112% | 1h | 264.79 | +0.242% | $230K | $2.0M | 50x | as long as short |
| Extended BCH-USD | −0.0088% | 1h | 264.04 | −0.043% | $112K | $966K | 25x | as long as short |
ApeX Omni BCHUSDT
SoDEX BCH-USD
Deribit BCH_USDC-PERPETUAL
Kraken Futures PF_BCHUSD
Phemex BCHUSDT
Gate BCH_USDT
Variational Omni BCH
Coinbase International BCH-PERP-INTX
Extended BCH-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BCHUSDT | −0.0086% | 8h | 264.10 | −0.019% | $71.3M | $232.8M | 75x | as long as short |
| MEXC BCH_USDT | −0.0084% | 8h | 264.36 | +0.080% | $69.3M | $6.7M | 200x | as long as short |
| Bybit BCHUSDT | −0.0064% | 8h | 264.00 | −0.057% | $38.9M | $33.3M | 75x | as long as short |
| Bitget BCHUSDT | −0.0033% | 8h | 263.95 | −0.076% | $18.9M | $29.8M | 75x | as long as short |
| OKX BCH-USDT-SWAP | −0.0023% | 8h | 264.10 | −0.019% | $25.6M | $75.9M | 50x | as long as short |
| BingX BCH-USDC | −0.0010% | 8h | 264.05 | −0.038% | — | $6.5M | — | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 264.36 | +0.079% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 264.81 | +0.250% | $1.1M | $11.0M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 264.34 | +0.072% | $4K | — | 150x | as long as short |
| Orderly PERP_BCH_USDC | +0.0029% | 8h | 264.03 | −0.045% | $2K | $176 | 10x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +2.290% | $721 | $130K | 12x | as long as short |
| BloFin BCH-USDT | +0.0036% | 8h | 265.16 | +0.382% | $3.9M | $4.2M | 50x | as long as short |
| Pacifica BCH | +0.0040% | 1h | 264.14 | −0.004% | $161K | $407K | 10x | as long as short |
| HTX BCH-USDT | +0.0060% | 8h | 264.40 | +0.095% | $773K | $1.6M | 75x | as long as short |
| Lighter BCH | +0.0096% | 1h | 264.03 | −0.045% | $363K | $475K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0097% | 8h | 264.07 | −0.030% | $8.6M | $7.6M | 75x | as long as short |
| Nado BCH-PERP | +0.0100% | 1h | 263.96 | −0.073% | $432K | $425K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 264.36 | +0.080% | $5.7M | $5.0M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 264.03 | −0.044% | $168K | $684K | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 265.65 | +0.567% | $19K | $290K | 20x | as long as short |
| SunX BCH-USDTlong | +0.0100% | 8h | 264.15 | long leg | $2K | $1.9M | 30x | |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0332% / S −0.0451% | 1h | 264.31 | +0.062% | $25K | — | 100x | as long as short |
Binance BCHUSDT
MEXC BCH_USDT
Bybit BCHUSDT
Bitget BCHUSDT
OKX BCH-USDT-SWAP
BingX BCH-USDC
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Orderly PERP_BCH_USDC
Injective BCH/USDC PERP
BloFin BCH-USDT
Pacifica BCH
HTX BCH-USDT
Lighter BCH
KuCoin BCHUSDTM
Nado BCH-PERP
Hyperliquid BCH
Aster BCHUSDT
edgeX BCHUSDC
GMX BCH/USD [WBTC.b-USDC]