Funding you earn now, next payment 16:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.32 per $10,000 · paid last 24h −0.045%
Price spread now: Bybit against BloFin+0.234%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$440.439% of the position
Funding, last 7 days−0.219%−$22 on $10k
+Price spread, last 4 days (all we have)−0.221%−$22 · spread now +0.234%, 7d avg −0.010%
=The price spread pays, funding is against you. Bybit is 0.245% dearer against BloFin than usual: you sell high and buy low (spread +0.234% now, against its 7-day average of −0.010%): +$24 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 26 days. At the pace of the last 7 days (−0.219% in total) that is about 7.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin BCH-USDT | 268.74 | 0.0032 | pay 0.0032% / 8h | 4h 48m | $3.6M | $5.6M | 50x |
| Short | Bybit BCHUSDT | 269.37 | 0 | get 0.0000% / 8h | 4h 48m | $40.5M | $31.4M | 75x |
BloFin BCH-USDT
Bybit BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$6.7
- Price spread: +0.234% → −0.010%
- $24.45
- Slippage, 4 orders
- −$20.93
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$26.17
- Costs to cover
- 0.439%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Bybit: live order book, 3 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 BloFin live order book, 3 min ago | 0.37 bp | 11.3 bp −$11 | 20.8 bp −$208 | 47.3 bp −$4,727 | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.85 bp | 10.5 bp −$10 | 17.6 bp −$176 | 54.1 bp −$5,407 | doesn't fit |
BCH on 32 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX BCH-USD | −0.0400% | 1h | 269.05 | +0.115% | $2K | $8K | 10x | as long as short |
| Phemex BCHUSDT | −0.0245% | 8h | 268.72 | −0.007% | $4.9M | $6.3M | 50x | as long as short |
| OKX BCH-USDT-SWAP | −0.0133% | 8h | 268.90 | +0.060% | $26.1M | $74.3M | 50x | as long as short |
| Gate BCH_USDT | −0.0100% | 8h | 269.62 | +0.327% | $8.1M | $12.9M | 75x | as long as short |
| Variational Omni BCH | −0.0100% | 8h | 269.68 | +0.349% | $163K | $241K | — | as long as short |
| Binance BCHUSDT | −0.0089% | 8h | 269.40 | +0.244% | $76.0M | $201.3M | 75x | as long as short |
| Extended BCH-USD | −0.0088% | 1h | 269.36 | +0.230% | $121K | $1.1M | 25x | as long as short |
| MEXC BCH_USDT | −0.0088% | 8h | 270.35 | +0.599% | $74.3M | $10.0M | 200x | as long as short |
| GRVT BCH_USDT_Perp | −0.0084% | 8h | 270.07 | +0.495% | $394K | $17K | 10x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0078% | 1h | 268.73 | −0.002% | $903K | $2.4M | 50x | as long as short |
SoDEX BCH-USD
Phemex BCHUSDT
OKX BCH-USDT-SWAP
Gate BCH_USDT
Variational Omni BCH
Binance BCHUSDT
Extended BCH-USD
MEXC BCH_USDT
GRVT BCH_USDT_Perp
Kraken Futures PF_BCHUSDShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BCHUSDT | −0.0020% | 8h | 268.91 | +0.063% | $19.2M | $25.6M | 75x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0003% / S +0.0007% | 1h | 268.62 | −0.045% | $17K | — | 150x | as long as short |
| Pacifica BCH | −0.0003% | 1h | 269.80 | +0.394% | $152K | $274K | 10x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 269.73 | +0.368% | $5K | $240 | 10x | as long as short |
| Bybit BCHUSDTshort | 0.0000% | 8h | 269.37 | +0.234% | $40.5M | $31.4M | 75x | |
| Kalshi KXBCHPERP | 0.0000% | 8h | 268.45 | −0.108% | $1.0M | $8.8M | 2.7x | as long as short |
| KuCoin BCHUSDTM | +0.0002% | 8h | 269.73 | +0.368% | $8.8M | $5.5M | 75x | as long as short |
| BingX BCH-USDC | +0.0010% | 8h | 269.57 | +0.309% | — | $6.5M | — | as long as short |
| BloFin BCH-USDTlong | +0.0032% | 8h | 268.74 | long leg | $3.6M | $5.6M | 50x | |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +0.543% | $721 | $130K | 12x | as long as short |
| Nado BCH-PERP | +0.0035% | 1h | 268.86 | +0.045% | $456K | $385K | 10x | as long as short |
| Orderly PERP_BCH_USDC | +0.0037% | 8h | 268.49 | −0.093% | $2K | $540 | 10x | as long as short |
| Aster BCHUSDT | +0.0037% | 8h | 269.36 | +0.229% | $150K | $515K | 75x | as long as short |
| HTX BCH-USDT | +0.0095% | 8h | 268.53 | −0.078% | $788K | $1.2M | 75x | as long as short |
| Lighter BCH | +0.0096% | 1h | 269.87 | +0.420% | $396K | $406K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 269.94 | +0.447% | $9.2M | $6.8M | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 270.02 | +0.476% | $19K | $346K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 270.08 | +0.499% | $49K | $275K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 269.38 | +0.238% | $2K | $1.3M | 30x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0184% | 1h | 268.63 | −0.041% | $362K | $2.3M | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0262% / S −0.0272% | 1h | 268.88 | +0.050% | $17K | — | 100x | as long as short |
| Deribit BCH_USDC-PERPETUAL | +2.4749% | 1h | 275.54 | +2.529% | $447K | $371K | 25x | as long as short |
Bitget BCHUSDT
gTrade (Gains Network) BCH/USD
Pacifica BCH
dYdX BCH-USD
Kalshi KXBCHPERP
KuCoin BCHUSDTM
BingX BCH-USDC
Injective BCH/USDC PERP
Nado BCH-PERP
Orderly PERP_BCH_USDC
Aster BCHUSDT
HTX BCH-USDT
Lighter BCH
Hyperliquid BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
Coinbase International BCH-PERP-INTX
GMX BCH/USD [WBTC.b-USDC]
Deribit BCH_USDC-PERPETUAL