Funding you earn now, next payment 11:00 UTC+0.0272%/8h= +29.8% APRnext payment +$0.34 per $10,000 · paid last 24h +0.010%
Price spread now: Coinbase International against Extended−0.270%7-day average +0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$440.437% of the position
Funding, last 7 days+0.029%+$3 on $10k
+Price spread, last 4 days (all we have)+0.220%+$22 · spread now −0.270%, 7d avg +0.092%
=Together, before fees+0.250%+ Points / potential airdropExtended: Active · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.362% cheaper against Extended than usual: you would sell low and buy high (spread −0.270% now, against its 7-day average of +0.092%). If the spread goes back, that is −$36 on $10k: about 4.4 days of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.029% in total) that is about 3 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.029% in total (about 1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.34 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BCH-USD | 269.36 | −0.0088 | get 0.0011% / 1h | 48m 33s | $121K | $1.1M | 25x |
| Short | Coinbase International BCH-PERP-INTX | 268.63 | 0.0184 | get 0.0023% / 1h | 48m 33s | $362K | $2.3M | 50x |
Extended BCH-USD
Coinbase International BCH-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Extended. 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
- $57.12
- Price spread: −0.270% → +0.092%
- −$36.19
- Slippage, 4 orders
- −$28.7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$22.77
- Costs to cover
- 0.437%
- Break-even
- 9.8 days
Slippage from Extended: live order book, 3 min ago; Coinbase International: 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 Extended live order book, 3 min ago | 1.11 bp | 7.4 bp −$7 | 52.9 bp −$529 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 6.11 bp | 15.2 bp −$15 | 19.6 bp −$196 | doesn't fit | 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 | −0.114% | $2K | $8K | 10x | as long as short |
| Phemex BCHUSDT | −0.0245% | 8h | 268.72 | −0.237% | $4.9M | $6.3M | 50x | as long as short |
| OKX BCH-USDT-SWAP | −0.0133% | 8h | 268.90 | −0.170% | $26.1M | $74.3M | 50x | as long as short |
| Gate BCH_USDT | −0.0100% | 8h | 269.62 | +0.097% | $8.1M | $12.9M | 75x | as long as short |
| Variational Omni BCH | −0.0100% | 8h | 269.68 | +0.119% | $163K | $241K | — | as long as short |
| Binance BCHUSDT | −0.0089% | 8h | 269.40 | +0.014% | $76.0M | $201.3M | 75x | as long as short |
| Extended BCH-USDlong | −0.0088% | 1h | 269.36 | long leg | $121K | $1.1M | 25x | |
| MEXC BCH_USDT | −0.0088% | 8h | 270.35 | +0.368% | $74.3M | $10.0M | 200x | as long as short |
| GRVT BCH_USDT_Perp | −0.0084% | 8h | 270.07 | +0.264% | $394K | $17K | 10x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0078% | 1h | 268.73 | −0.232% | $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
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 | −0.166% | $19.2M | $25.6M | 75x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0003% / S +0.0007% | 1h | 268.62 | −0.274% | $17K | — | 150x | as long as short |
| Pacifica BCH | −0.0003% | 1h | 269.80 | +0.163% | $152K | $274K | 10x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 269.73 | +0.138% | $5K | $240 | 10x | as long as short |
| Bybit BCHUSDT | 0.0000% | 8h | 269.37 | +0.004% | $40.5M | $31.4M | 75x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 268.45 | −0.337% | $1.0M | $8.8M | 2.7x | as long as short |
| KuCoin BCHUSDTM | +0.0002% | 8h | 269.73 | +0.138% | $8.8M | $5.5M | 75x | as long as short |
| BingX BCH-USDC | +0.0010% | 8h | 269.57 | +0.079% | — | $6.5M | — | as long as short |
| BloFin BCH-USDT | +0.0032% | 8h | 268.74 | −0.230% | $3.6M | $5.6M | 50x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +0.312% | $721 | $130K | 12x | as long as short |
| Nado BCH-PERP | +0.0035% | 1h | 268.86 | −0.185% | $456K | $385K | 10x | as long as short |
| Orderly PERP_BCH_USDC | +0.0037% | 8h | 268.49 | −0.322% | $2K | $540 | 10x | as long as short |
| Aster BCHUSDT | +0.0037% | 8h | 269.36 | −0.001% | $150K | $515K | 75x | as long as short |
| HTX BCH-USDT | +0.0095% | 8h | 268.53 | −0.308% | $788K | $1.2M | 75x | as long as short |
| Lighter BCH | +0.0096% | 1h | 269.87 | +0.190% | $396K | $406K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 269.94 | +0.216% | $9.2M | $6.8M | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 270.02 | +0.246% | $19K | $346K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 270.08 | +0.268% | $49K | $275K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 269.38 | +0.008% | $2K | $1.3M | 30x | as long as short |
| Coinbase International BCH-PERP-INTXshort | +0.0184% | 1h | 268.63 | −0.270% | $362K | $2.3M | 50x | |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0262% / S −0.0272% | 1h | 268.88 | −0.179% | $17K | — | 100x | as long as short |
| Deribit BCH_USDC-PERPETUAL | +2.4749% | 1h | 275.54 | +2.293% | $447K | $371K | 25x | as long as short |
Bitget BCHUSDT
gTrade (Gains Network) BCH/USD
Pacifica BCH
dYdX BCH-USD
Bybit BCHUSDT
Kalshi KXBCHPERP
KuCoin BCHUSDTM
BingX BCH-USDC
BloFin BCH-USDT
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
GMX BCH/USD [WBTC.b-USDC]
Deribit BCH_USDC-PERPETUAL