Funding you earn now, next payment 00:00 UTC−0.0247%/8h= −27.0% APRnext payment −$2.47 per $10,000 · paid last 24h −0.013%
Price spread now: Phemex against SunX+0.127%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$900.897% of the position
Funding, last 7 days−0.134%−$13 on $10k
+Price spread, last 3 days (all we have)−0.116%−$12 · spread now +0.127%, 7d avg +0.036%
=The price spread pays, funding is against you. Phemex is 0.091% dearer against SunX than usual: you sell high and buy low (spread +0.127% now, against its 7-day average of +0.036%): +$9 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 7 days (−0.134% in total) that is about 4.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.134% in total (about -7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.47 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 | 268.71 | 0.0100 | pay 0.0100% / 8h | 28m 47s | $2K | $2.0M | 30x |
| Short | Phemex BCHUSDT | 269.05 | −0.0147 | pay 0.0147% / 8h | 28m 47s | $4.9M | $6.4M | 50x |
SunX BCH-USDT
Phemex BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$51.82
- Price spread: +0.127% → +0.036%
- $9.07
- Slippage, 4 orders
- −$69.72
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$132.46
- Costs to cover
- 0.897%
- Break-even
- never at this rate
Slippage from SunX: live order book, 7 min ago; Phemex: live order book, 5 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, 7 min ago | 19.73 bp | 40.2 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 2.23 bp | 10.7 bp −$11 | 19.9 bp −$199 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit BCH_USDC-PERPETUAL | −0.0281% | 1h | 269.02 | +0.115% | $454K | $266K | 25x | as long as short |
| Phemex BCHUSDTshort | −0.0147% | 8h | 269.05 | +0.127% | $4.9M | $6.4M | 50x | |
| Variational Omni BCH | −0.0142% | 8h | 268.92 | +0.078% | $82K | $294K | — | as long as short |
| SoDEX BCH-USD | −0.0137% | 1h | 268.91 | +0.074% | $2K | $6K | 10x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0125% | 1h | 269.22 | +0.189% | $829K | $3.1M | 50x | as long as short |
| Bybit BCHUSDT | −0.0091% | 8h | 267.60 | −0.413% | $39.2M | $32.6M | 75x | as long as short |
| Injective BCH/USDC PERP | −0.0054% | 1h | 270.20 | +0.555% | $721 | $130K | 12x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0032% | 1h | 268.97 | +0.097% | $233K | $2.0M | 50x | as long as short |
| MEXC BCH_USDT | −0.0018% | 8h | 269.42 | +0.264% | $70.5M | $6.7M | 200x | as long as short |
| Binance BCHUSDT | −0.0017% | 8h | 266.82 | −0.703% | $73.8M | $232.9M | 75x | as long as short |
Deribit BCH_USDC-PERPETUAL
Variational Omni BCH
SoDEX BCH-USD
Kraken Futures PF_BCHUSD
Bybit BCHUSDT
Injective BCH/USDC PERP
Coinbase International BCH-PERP-INTX
MEXC BCH_USDT
Binance BCHUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BCH-USD | −0.0016% | 1h | 268.90 | +0.071% | $116K | $652K | 25x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 269.01 | +0.112% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 269.08 | +0.138% | $1.3M | $11.5M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 268.95 | +0.091% | $4K | — | 150x | as long as short |
| Gate BCH_USDT | +0.0008% | 8h | 268.96 | +0.093% | $8.4M | $14.5M | 75x | as long as short |
| Orderly PERP_BCH_USDC | +0.0028% | 8h | 268.94 | +0.086% | $2K | $176 | 10x | as long as short |
| Bitget BCHUSDT | +0.0030% | 8h | 266.35 | −0.878% | $19.0M | $29.5M | 75x | as long as short |
| GRVT BCH_USDT_Perp | +0.0032% | 8h | 269.11 | +0.148% | $392K | $17K | 10x | as long as short |
| OKX BCH-USDT-SWAP | +0.0039% | 8h | 267.60 | −0.413% | $26.3M | $77.5M | 50x | as long as short |
| BingX BCH-USDT | +0.0040% | 8h | 267.69 | −0.380% | — | $31.0M | — | as long as short |
| Lighter BCH | +0.0096% | 1h | 266.73 | −0.738% | $368K | $557K | 10x | as long as short |
| Nado BCH-PERP | +0.0100% | 1h | 268.67 | −0.016% | $444K | $426K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 267.68 | −0.383% | $6.0M | $4.4M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 267.83 | −0.327% | $213K | $676K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 268.92 | +0.078% | $163K | $440K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 269.06 | +0.130% | $9.2M | $7.7M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 268.75 | +0.014% | $19K | $291K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 268.81 | +0.037% | $73K | $214K | 50x | as long as short |
| SunX BCH-USDTlong | +0.0100% | 8h | 268.71 | long leg | $2K | $2.0M | 30x | |
| HTX BCH-USDT | +0.0100% | 8h | 268.63 | −0.030% | $776K | $1.6M | 75x | as long as short |
| BloFin BCH-USDT | +0.0102% | 8h | 268.83 | +0.045% | $4.0M | $4.2M | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0334% / S −0.0340% | 1h | 268.96 | +0.093% | $27K | — | 100x | as long as short |
Extended BCH-USD
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Gate BCH_USDT
Orderly PERP_BCH_USDC
Bitget BCHUSDT
GRVT BCH_USDT_Perp
OKX BCH-USDT-SWAP
BingX BCH-USDT
Lighter BCH
Nado BCH-PERP
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
ApeX Omni BCHUSDT
HTX BCH-USDT
BloFin BCH-USDT
GMX BCH/USD [WBTC.b-USDC]