BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0348%/8h= +38.1% APRnext payment +$0.44 per $10,000 · paid last 24h +0.078%

Price spread now: Extended against Deribit+0.045%7-day average −0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on Deribit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.125%+$13 on $10k

Price spread, last 3 days (all we have)−0.093%−$9 · spread now +0.045%, 7d avg −0.078%

Together, before fees+0.033%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Extended is 0.124% dearer against Deribit than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.078%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.125% in total (about 6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.44 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	268.88	−0.0404	get 0.0051% / 1h	34m 44s	$454K	$266K	25x
Short	Extended BCH-USD	269.01	−0.0056	pay 0.0007% / 1h	34m 44s	$114K	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.045%Rate

Funding earned: $73.11
Price spread: +0.045% → −0.078%: $12.35
Slippage, 4 orders: −$19.43
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $54.03
Costs to cover: 0.314%
Break-even: 1.8 days

Slippage from Deribit: live order book, 39 min ago; Extended: live order book, 38 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, 39 min ago	3.96 bp	8.4 bp −$8	14.6 bp −$146	doesn't fit	doesn't fit
Sell Extended live order book, 38 min ago	1.13 bp	7.3 bp −$7	106.2 bp −$1,062	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
Phemex BCHUSDT	−0.0714%	8h	268.94	+0.021%	$4.9M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0514%	1h	268.79	−0.035%	$2K	$6K	10x	as long as short
Deribit BCH_USDC-PERPETUALlong	−0.0404%	1h	268.88	long leg	$454K	$266K	25x
HTX BCH-USDT	−0.0263%	8h	268.83	−0.020%	$780K	$1.6M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0258%	8h	267.76	−0.418%	$390K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0171%	1h	268.26	−0.232%	$73K	$214K	50x	as long as short
Variational Omni BCH	−0.0127%	8h	268.51	−0.140%	$82K	$285K	—	as long as short
Gate BCH_USDT	−0.0066%	8h	269.15	+0.099%	$8.5M	$14.2M	75x	as long as short
Extended BCH-USDshort	−0.0056%	1h	269.01	+0.045%	$114K	$1.0M	25x
Coinbase International BCH-PERP-INTX	−0.0056%	1h	268.58	−0.113%	$227K	$2.1M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0055%	8h	269.03	+0.055%	$72.9M	$230.3M	75x	as long as short
MEXC BCH_USDT	−0.0054%	8h	269.55	+0.248%	$70.6M	$6.6M	200x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	269.00	+0.043%	$858K	$3.1M	50x	as long as short
Bybit BCHUSDT	−0.0026%	8h	269.01	+0.047%	$39.8M	$32.6M	75x	as long as short
Bitget BCHUSDT	−0.0009%	8h	269.00	+0.043%	$19.3M	$29.4M	75x	as long as short
Nado BCH-PERP	−0.0002%	1h	268.73	−0.056%	$441K	$420K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	269.25	+0.136%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.04	+0.058%	$1.1M	$10.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.90	+0.007%	$4K	—	150x	as long as short
BingX BCH-USDC	+0.0020%	8h	269.05	+0.062%	—	$6.5M	—	as long as short
OKX BCH-USDT-SWAP	+0.0024%	8h	268.90	+0.006%	$26.1M	$77.0M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0031%	8h	268.78	−0.039%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.489%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0065%	8h	268.83	−0.020%	$3.9M	$4.3M	50x	as long as short
Lighter BCH	+0.0096%	1h	269.06	+0.064%	$370K	$529K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.47	+0.218%	$6.0M	$4.4M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	269.11	+0.085%	$178K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	269.14	+0.096%	$164K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	269.16	+0.103%	$9.0M	$7.6M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.71	−0.437%	$19K	$290K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.56	−0.120%	$2K	$1.9M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0334% / S −0.0224%	1h	268.91	+0.011%	$31K	—	100x	as long as short