Funding you earn now, next payment 08:00 UTC−0.0232%/8h= −25.4% APRnext payment −$2.32 per $10,000 · paid last 24h −0.026%
Price spread now: Phemex against Bitget+0.091%46s7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as 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−$450.454% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)−0.150%−$15 · spread now +0.091%, 7d avg +0.017%
=The price spread pays, funding is against you. Phemex is 0.074% dearer against Bitget than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of +0.017%): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.050% in total) that is about 10 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 -0.050% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.32 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 | Bitget BCHUSDT | 263.74 | −0.0077 | get 0.0077% / 8h | 4h 42m | $18.9M | $28.1M | 75x |
| Short | Phemex BCHUSDT | 263.98 | −0.0309 | pay 0.0309% / 8h | 4h 42m | $4.9M | $6.4M | 50x |
Bitget BCHUSDT
Phemex BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bitget. 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
- −$48.7
- Price spread: +0.091% → +0.017%
- $7.41
- Slippage, 4 orders
- −$21.43
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$86.71
- Costs to cover
- 0.454%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; Phemex: live order book, 1 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 Bitget live order book, 1 min ago | 1.33 bp | 11.9 bp −$12 | 14.7 bp −$147 | 39.1 bp −$3,914 | doesn't fit |
| Sell Phemex live order book, 1 min ago | 3.60 bp | 11.7 bp −$12 | 18.9 bp −$189 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX BCH-USDT | −0.0733% | 8h | 263.97 | +0.087% | $2K | $1.7M | 30x | as long as short |
| HTX BCH-USDT | −0.0324% | 8h | 264.35 | +0.231% | $771K | $1.4M | 75x | as long as short |
| Phemex BCHUSDTshort | −0.0309% | 8h | 263.98 | +0.091% | $4.9M | $6.4M | 50x | |
| SoDEX BCH-USD | −0.0305% | 1h | 263.95 | +0.080% | $2K | $8K | 10x | as long as short |
| Nado BCH-PERP | −0.0225% | 1h | 263.66 | −0.031% | $420K | $339K | 10x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0129% | 1h | 264.05 | +0.116% | $442K | $331K | 25x | as long as short |
| GRVT BCH_USDT_Perp | −0.0113% | 8h | 263.84 | +0.039% | $385K | $17K | 10x | as long as short |
| Extended BCH-USD | −0.0104% | 1h | 263.58 | −0.060% | $114K | $955K | 25x | as long as short |
| MEXC BCH_USDT | −0.0104% | 8h | 264.18 | +0.167% | $69.9M | $7.5M | 200x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0104% | 1h | 264.08 | +0.129% | $219K | $1.8M | 50x | as long as short |
SunX BCH-USDT
HTX BCH-USDT
SoDEX BCH-USD
Nado BCH-PERP
Deribit BCH_USDC-PERPETUAL
GRVT BCH_USDT_Perp
Extended BCH-USD
MEXC BCH_USDT
Coinbase International BCH-PERP-INTXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BCHUSDT | −0.0103% | 8h | 263.87 | +0.048% | $71.9M | $213.6M | 75x | as long as short |
| Gate BCH_USDT | −0.0096% | 8h | 263.98 | +0.091% | $8.3M | $13.5M | 75x | as long as short |
| OKX BCH-USDT-SWAP | −0.0095% | 8h | 263.70 | −0.015% | $24.9M | $74.1M | 50x | as long as short |
| KuCoin BCHUSDTM | −0.0094% | 8h | 264.00 | +0.099% | $8.5M | $7.1M | 75x | as long as short |
| Variational Omni BCH | −0.0085% | 8h | 263.60 | −0.053% | $81K | $201K | — | as long as short |
| Bitget BCHUSDTlong | −0.0077% | 8h | 263.74 | long leg | $18.9M | $28.1M | 75x | |
| ApeX Omni BCHUSDT | −0.0050% | 1h | 263.82 | +0.030% | $96K | $228K | 50x | as long as short |
| Bybit BCHUSDT | −0.0021% | 8h | 263.90 | +0.061% | $39.0M | $30.9M | 75x | as long as short |
| BingX BCH-USDT | −0.0019% | 8h | 263.91 | +0.064% | — | $32.1M | — | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 264.03 | +0.110% | $15K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 263.96 | +0.085% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 264.53 | +0.300% | $1.0M | $10.2M | 2.7x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0011% | 1h | 264.16 | +0.158% | $846K | $3.0M | 50x | as long as short |
| BloFin BCH-USDT | +0.0016% | 8h | 264.05 | +0.118% | $3.9M | $4.2M | 50x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +2.449% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0034% | 8h | 263.86 | +0.045% | $2K | $176 | 10x | as long as short |
| Pacifica BCH | +0.0077% | 1h | 263.84 | +0.039% | $160K | $306K | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 263.82 | +0.031% | $360K | $484K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 264.03 | +0.110% | $5.7M | $4.6M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 264.03 | +0.108% | $166K | $520K | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 263.39 | −0.131% | $19K | $291K | 20x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0356% / S −0.0525% | 1h | 264.17 | +0.162% | $25K | — | 100x | as long as short |
Binance BCHUSDT
Gate BCH_USDT
OKX BCH-USDT-SWAP
KuCoin BCHUSDTM
Variational Omni BCH
ApeX Omni BCHUSDT
Bybit BCHUSDT
BingX BCH-USDT
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Kalshi KXBCHPERP
Kraken Futures PF_BCHUSD
BloFin BCH-USDT
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
Pacifica BCH
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
edgeX BCHUSDC
GMX BCH/USD [WBTC.b-USDC]