Funding you earn now, next payment 23:00 UTC−0.0666%/8h= −72.9% APRnext payment −$0.83 per $10,000 · paid last 24h −0.071%
Price spread now: Deribit against Extended+0.098%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$350.355% of the position
Funding, last 7 days−0.113%−$11 on $10k
+Price spread, last 3 days (all we have)−0.053%−$5 · spread now +0.098%, 7d avg +0.076%
=Together, before fees−0.166%+ Points / potential airdropExtended: Active · farm board−$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Deribit is 0.022% dearer against Extended than usual: you sell high and buy low (spread +0.098% now, against its 7-day average of +0.076%): +$2 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.113% in total) that is about 32 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.113% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.83 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 | Extended BCH-USD | 270.24 | −0.0048 | get 0.0006% / 1h | 18m 16s | $117K | $653K | 25x |
| Short | Deribit BCH_USDC-PERPETUAL | 270.51 | −0.0714 | pay 0.0089% / 1h | 18m 16s | $459K | $265K | 25x |
Extended BCH-USD
Deribit BCH_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$139.84
- Price spread: +0.098% → +0.076%
- $2.19
- Slippage, 4 orders
- −$23.48
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$173.13
- Costs to cover
- 0.355%
- Break-even
- never at this rate
Slippage from Extended: live order book, 65 min ago; Deribit: live order book, 65 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, 65 min ago | 0.93 bp | 7.0 bp −$7 | 51.0 bp −$510 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 65 min ago | 4.01 bp | 7.5 bp −$8 | 17.7 bp −$177 | 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-PERPETUALshort | −0.0714% | 1h | 270.51 | +0.098% | $459K | $265K | 25x | |
| Phemex BCHUSDT | −0.0189% | 8h | 270.42 | +0.065% | $5.0M | $6.5M | 50x | as long as short |
| Injective BCH/USDC PERP | −0.0154% | 1h | 270.20 | −0.017% | $721 | $130K | 12x | as long as short |
| SoDEX BCH-USD | −0.0142% | 1h | 270.36 | +0.043% | $2K | $6K | 10x | as long as short |
| Variational Omni BCH | −0.0110% | 8h | 270.72 | +0.174% | $83K | $294K | — | as long as short |
| Bybit BCHUSDT | −0.0052% | 8h | 270.20 | −0.017% | $39.5M | $33.0M | 75x | as long as short |
| Extended BCH-USDlong | −0.0048% | 1h | 270.24 | long leg | $117K | $653K | 25x | |
| Binance BCHUSDT | −0.0046% | 8h | 270.30 | +0.020% | $75.2M | $233.9M | 75x | as long as short |
| MEXC BCH_USDT | −0.0046% | 8h | 270.99 | +0.276% | $71.0M | $6.6M | 200x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 270.82 | +0.212% | $5K | $248 | 10x | as long as short |
Phemex BCHUSDT
Injective BCH/USDC PERP
SoDEX BCH-USD
Variational Omni BCH
Bybit BCHUSDT
Binance BCHUSDT
MEXC BCH_USDT
dYdX BCH-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXBCHPERP | 0.0000% | 8h | 270.88 | +0.235% | $1.3M | $11.8M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 270.55 | +0.113% | $4K | — | 150x | as long as short |
| Gate BCH_USDT | +0.0005% | 8h | 270.40 | +0.057% | $8.4M | $14.9M | 75x | as long as short |
| Bitget BCHUSDT | +0.0013% | 8h | 270.36 | +0.043% | $19.5M | $29.4M | 75x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0016% | 1h | 270.97 | +0.268% | $243K | $2.1M | 50x | as long as short |
| GRVT BCH_USDT_Perp | +0.0020% | 8h | 270.89 | +0.239% | $395K | $17K | 10x | as long as short |
| Orderly PERP_BCH_USDC | +0.0025% | 8h | 270.40 | +0.057% | $2K | $176 | 10x | as long as short |
| OKX BCH-USDT-SWAP | +0.0068% | 8h | 270.30 | +0.020% | $26.5M | $78.3M | 50x | as long as short |
| BloFin BCH-USDT | +0.0074% | 8h | 270.54 | +0.109% | $4.0M | $4.2M | 50x | as long as short |
| BingX BCH-USDT | +0.0076% | 8h | 270.35 | +0.039% | — | $30.5M | — | as long as short |
| Lighter BCH | +0.0096% | 1h | 270.38 | +0.049% | $379K | $587K | 10x | as long as short |
| Nado BCH-PERP | +0.0098% | 1h | 270.29 | +0.016% | $443K | $428K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 270.74 | +0.183% | $6.1M | $4.2M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 270.48 | +0.086% | $218K | $703K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 270.51 | +0.100% | $164K | $467K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 270.56 | +0.117% | $9.3M | $8.0M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 270.71 | +0.172% | $19K | $290K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 271.00 | +0.279% | $73K | $213K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 270.18 | −0.024% | $2K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 270.35 | +0.039% | $778K | $1.7M | 75x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0112% | 1h | 270.65 | +0.151% | $819K | $3.2M | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0342% / S −0.0467% | 1h | 270.60 | +0.130% | $26K | — | 100x | as long as short |
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Gate BCH_USDT
Bitget BCHUSDT
Coinbase International BCH-PERP-INTX
GRVT BCH_USDT_Perp
Orderly PERP_BCH_USDC
OKX BCH-USDT-SWAP
BloFin BCH-USDT
BingX BCH-USDT
Lighter BCH
Nado BCH-PERP
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
Kraken Futures PF_BCHUSD
GMX BCH/USD [WBTC.b-USDC]