BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0386%/8h= +42.3% APRnext payment +$0.48 per $10,000 · paid last 24h +0.078%

Price spread now: Coinbase International against Deribit+0.142%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$420.423% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.172%+$17 on $10k

Price spread, last 3 days (all we have)−0.211%−$21 · spread now +0.142%, 7d avg +0.009%

Together, before fees−0.039%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Coinbase International is 0.133% dearer against Deribit than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.009%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.172% in total (about 9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.48 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	Deribit BCH_USDC-PERPETUAL	265.72	−0.0498	get 0.0062% / 1h	47m 46s	$449K	$266K	25x
Short	Coinbase International BCH-PERP-INTX	266.10	−0.0112	pay 0.0014% / 1h	47m 46s	$236K	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. 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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.142%Rate

Funding earned: $81.13
Price spread: +0.142% → +0.009%: $13.26
Slippage, 4 orders: −$25.34
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $52.05
Costs to cover: 0.423%
Break-even: 2.5 days

Slippage from Deribit: live order book, 21 min ago; Coinbase International: 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 Deribit live order book, 21 min ago	4.47 bp	8.4 bp −$8	15.6 bp −$156	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	5.83 bp	10.8 bp −$11	17.5 bp −$175	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-PERPETUALlong	−0.0498%	1h	265.72	long leg	$449K	$266K	25x
SoDEX BCH-USD	−0.0484%	1h	265.70	−0.009%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0469%	8h	265.66	−0.024%	$4.9M	$6.5M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0299%	1h	265.95	+0.086%	$851K	$3.1M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0218%	8h	265.32	−0.152%	$387K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0189%	1h	265.54	−0.069%	$97K	$226K	50x	as long as short
Gate BCH_USDT	−0.0160%	8h	265.93	+0.078%	$8.4M	$13.2M	75x	as long as short
Variational Omni BCH	−0.0123%	8h	265.51	−0.081%	$81K	$285K	—	as long as short
Coinbase International BCH-PERP-INTXshort	−0.0112%	1h	266.10	+0.142%	$236K	$2.1M	50x
Bybit BCHUSDT	−0.0088%	8h	265.80	+0.029%	$39.1M	$33.2M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0088%	1h	265.78	+0.022%	$112K	$966K	25x	as long as short
Binance BCHUSDT	−0.0085%	8h	265.77	+0.017%	$71.8M	$233.7M	75x	as long as short
MEXC BCH_USDT	−0.0085%	8h	266.18	+0.172%	$69.8M	$6.8M	200x	as long as short
HTX BCH-USDT	−0.0047%	8h	265.90	+0.066%	$777K	$1.6M	75x	as long as short
Bitget BCHUSDT	−0.0031%	8h	265.80	+0.029%	$19.1M	$29.4M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0030%	8h	265.70	−0.009%	$25.9M	$76.7M	50x	as long as short
Nado BCH-PERP	−0.0028%	1h	265.87	+0.055%	$435K	$425K	10x	as long as short
BingX BCH-USDC	−0.0020%	8h	265.77	+0.017%	—	$6.5M	—	as long as short
SunX BCH-USDT	−0.0010%	8h	265.83	+0.040%	$2K	$1.9M	30x	as long as short
dYdX BCH-USD	0.0000%	1h	265.96	+0.090%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.33	+0.228%	$1.1M	$11.0M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.82	+0.038%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	265.68	−0.017%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.684%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0034%	8h	266.13	+0.153%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0040%	1h	266.00	+0.103%	$162K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0075%	8h	265.88	+0.059%	$8.6M	$7.6M	75x	as long as short
Lighter BCH	+0.0096%	1h	265.69	−0.013%	$366K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.99	+0.100%	$5.8M	$5.0M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.90	+0.067%	$165K	$688K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.13	−0.225%	$19K	$291K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.73	+0.004%	$25K	—	100x	as long as short