BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0429%/8h= −47.0% APRnext payment −$4.29 per $10,000 · paid last 24h −0.026%

Price spread now: Phemex against BingX−0.030%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on BingX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$11 on $10k

Price spread, last 3 days (all we have)+0.008%+$1 · spread now −0.030%, 7d avg +0.002%

Together, before fees−0.097%−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Phemex is 0.032% cheaper against BingX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.002%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.105% in total (about -5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.29 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	BingX BCH-USDT	265.69	−0.0021	get 0.0021% / 8h	6h 46m	—	$32.3M	—
Short	Phemex BCHUSDT	265.61	−0.0450	pay 0.0450% / 8h	6h 46m	$4.9M	$6.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against BingX. 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 BingXbpFee PhemexbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$90.07
Price spread: −0.030% → +0.002%: −$3.19
Slippage, 4 orders: −$14.38
Fee BingX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$129.65
Costs to cover: 0.364%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Phemex: live order book, 2 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 BingX live order book, 7 min ago	0.38 bp	5.8 bp −$6	7.0 bp −$70	10.2 bp −$1,024	17.0 bp −$8,491
Sell Phemex live order book, 2 min ago	3.95 bp	12.7 bp −$13	19.2 bp −$192	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	−0.0604%	1h	265.53	−0.062%	$449K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0504%	1h	265.55	−0.053%	$2K	$6K	10x	as long as short
Phemex BCHUSDTshort	−0.0450%	8h	265.61	−0.030%	$4.9M	$6.5M	50x
Kraken Futures PF_BCHUSD	−0.0299%	1h	265.77	+0.029%	$851K	$3.1M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0195%	8h	266.22	+0.198%	$388K	$17K	10x	as long as short
Gate BCH_USDT	−0.0169%	8h	265.86	+0.064%	$8.4M	$13.2M	75x	as long as short
Variational Omni BCH	−0.0123%	8h	265.51	−0.068%	$81K	$285K	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0112%	1h	266.10	+0.154%	$236K	$2.1M	50x	as long as short
Extended BCH-USD	−0.0088%	1h	265.48	−0.078%	$112K	$966K	25x	as long as short
Binance BCHUSDT	−0.0087%	8h	265.72	+0.011%	$71.8M	$233.6M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BCHUSDT	−0.0086%	8h	265.70	+0.004%	$39.1M	$33.2M	75x	as long as short
MEXC BCH_USDT	−0.0085%	8h	266.06	+0.139%	$69.8M	$6.8M	200x	as long as short
ApeX Omni BCHUSDT	−0.0073%	1h	266.30	+0.230%	$97K	$226K	50x	as long as short
HTX BCH-USDT	−0.0043%	8h	265.77	+0.030%	$777K	$1.6M	75x	as long as short
Bitget BCHUSDT	−0.0031%	8h	265.69	0.000%	$19.1M	$29.3M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0029%	8h	265.70	+0.004%	$25.9M	$76.7M	50x	as long as short
Nado BCH-PERP	−0.0024%	1h	265.60	−0.034%	$434K	$425K	10x	as long as short
BingX BCH-USDTlong	−0.0021%	8h	265.69	long leg	—	$32.3M	—
SunX BCH-USDT	−0.0008%	8h	265.56	−0.049%	$2K	$1.9M	30x	as long as short
dYdX BCH-USD	0.0000%	1h	265.96	+0.103%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.21	+0.196%	$1.1M	$11.0M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.93	+0.091%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	265.53	−0.060%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.697%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0034%	8h	266.13	+0.166%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0040%	1h	265.74	+0.019%	$162K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0072%	8h	265.52	−0.064%	$8.6M	$7.6M	75x	as long as short
Lighter BCH	+0.0096%	1h	265.60	−0.034%	$366K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.88	+0.072%	$5.8M	$5.0M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.60	−0.036%	$165K	$688K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.11	+0.157%	$19K	$292K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.83	+0.052%	$25K	—	100x	as long as short