Funding you earn now, next payment 16:00 UTC+0.0055%/8h= +6.0% APRnext payment +$0.55 per $10,000 · paid last 24h +0.009%
Price spread now: Binance against Bybit+0.056%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$350.353% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 7 days−0.026%−$3 · spread now +0.056%, 7d avg +0.029%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.027% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BCHUSDT | 268.01 | −0.0125 | get 0.0125% / 8h | 6h 18m | $39.1M | $30.9M | 75x |
| Short | Binance BCHUSDT | 268.16 | −0.0071 | pay 0.0071% / 8h | 6h 18m | $73.6M | $202.3M | 75x |
Bybit BCHUSDT
Binance BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $11.51
- Price spread: +0.056% → +0.029%
- $2.66
- Slippage, 4 orders
- −$14.27
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$21.1
- Costs to cover
- 0.353%
- Break-even
- 19.8 days
Slippage from Bybit: live order book, 3 min ago; Binance: 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 Bybit live order book, 3 min ago | 1.87 bp | 10.3 bp −$10 | 18.0 bp −$180 | 71.7 bp −$7,169 | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.19 bp | 6.9 bp −$7 | 14.7 bp −$147 | 56.2 bp −$5,619 | 133.8 bp −$66.9K |
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 | −0.0399% | 1h | 268.06 | +0.019% | $2K | $8K | 10x | as long as short |
| Phemex BCHUSDT | −0.0194% | 8h | 268.07 | +0.022% | $4.9M | $6.4M | 50x | as long as short |
| Variational Omni BCH | −0.0134% | 8h | 268.00 | −0.006% | $145K | $225K | — | as long as short |
| Bybit BCHUSDTlong | −0.0125% | 8h | 268.01 | long leg | $39.1M | $30.9M | 75x | |
| OKX BCH-USDT-SWAP | −0.0120% | 8h | 268.00 | −0.004% | $25.5M | $75.2M | 50x | as long as short |
| GRVT BCH_USDT_Perp | −0.0114% | 8h | 268.16 | +0.057% | $391K | $17K | 10x | as long as short |
| HTX BCH-USDT | −0.0084% | 8h | 267.99 | −0.007% | $784K | $1.3M | 75x | as long as short |
| Extended BCH-USD | −0.0072% | 1h | 267.88 | −0.047% | $117K | $915K | 25x | as long as short |
| MEXC BCH_USDT | −0.0071% | 8h | 268.65 | +0.239% | $72.4M | $9.5M | 200x | as long as short |
| Binance BCHUSDTshort | −0.0071% | 8h | 268.16 | +0.056% | $73.6M | $202.3M | 75x |
SoDEX BCH-USD
Phemex BCHUSDT
Variational Omni BCH
OKX BCH-USDT-SWAP
GRVT BCH_USDT_Perp
HTX BCH-USDT
Extended BCH-USD
MEXC BCH_USDTShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit BCH_USDC-PERPETUAL | −0.0052% | 1h | 268.18 | +0.064% | $422K | $356K | 25x | as long as short |
| Gate BCH_USDT | −0.0047% | 8h | 268.17 | +0.060% | $8.1M | $12.8M | 75x | as long as short |
| KuCoin BCHUSDTM | −0.0028% | 8h | 268.18 | +0.063% | $8.8M | $5.7M | 75x | as long as short |
| Bitget BCHUSDT | −0.0027% | 8h | 268.07 | +0.022% | $19.2M | $27.1M | 75x | as long as short |
| BingX BCH-USDT | −0.0026% | 8h | 268.15 | +0.052% | — | $14.3M | — | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 268.22 | +0.080% | $15K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 268.24 | +0.087% | $5K | $240 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 268.44 | +0.160% | $1.0M | $8.7M | 2.7x | as long as short |
| SunX BCH-USDT | +0.0025% | 8h | 267.86 | −0.056% | $2K | $1.4M | 30x | as long as short |
| Aster BCHUSDT | +0.0029% | 8h | 268.10 | +0.034% | $145K | $527K | 75x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +0.817% | $721 | $130K | 12x | as long as short |
| ApeX Omni BCHUSDT | +0.0037% | 1h | 268.54 | +0.198% | $97K | $244K | 50x | as long as short |
| Orderly PERP_BCH_USDC | +0.0041% | 8h | 268.02 | +0.004% | $2K | $540 | 10x | as long as short |
| BloFin BCH-USDT | +0.0049% | 8h | 267.91 | −0.037% | $3.5M | $5.3M | 50x | as long as short |
| Nado BCH-PERP | +0.0064% | 1h | 267.97 | −0.014% | $458K | $375K | 10x | as long as short |
| Pacifica BCH | +0.0095% | 1h | 268.11 | +0.037% | $155K | $269K | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 268.22 | +0.077% | $392K | $468K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 268.43 | +0.157% | $5.9M | $4.5M | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 268.26 | +0.092% | $19K | $346K | 20x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0104% | 1h | 268.27 | +0.096% | $874K | $2.5M | 50x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0144% | 1h | 268.64 | +0.235% | $359K | $2.1M | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0213% / S −0.0170% | 1h | 268.25 | +0.088% | $14K | — | 100x | as long as short |
Deribit BCH_USDC-PERPETUAL
Gate BCH_USDT
KuCoin BCHUSDTM
Bitget BCHUSDT
BingX BCH-USDT
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Kalshi KXBCHPERP
SunX BCH-USDT
Aster BCHUSDT
Injective BCH/USDC PERP
ApeX Omni BCHUSDT
Orderly PERP_BCH_USDC
BloFin BCH-USDT
Nado BCH-PERP
Pacifica BCH
Lighter BCH
Hyperliquid BCH
edgeX BCHUSDC
Kraken Futures PF_BCHUSD
Coinbase International BCH-PERP-INTX
GMX BCH/USD [WBTC.b-USDC]