Funding you earn now, next payment 01:00 UTC−0.0552%/8h= −60.5% APRnext payment −$0.69 per $10,000 · paid last 24h −0.064%
Price spread now: Deribit against gTrade (Gains Network)−0.125%53s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Deribit is 0.125% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) BCH/USD | 269.55 | L 0.0000% / S +0.0007% | pay 0.0000% / 1h | 26m 21s | $4K | — | 150x |
| Short | Deribit BCH_USDC-PERPETUAL | 269.21 | −0.0552 | pay 0.0069% / 1h | 26m 21s | $455K | $266K | 25x |
gTrade (Gains Network) BCH/USD
Deribit BCH_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against gTrade (Gains Network). 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
- −$115.95
- Price spread: −0.125% → 0.000%
- −$12.47
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$145.42
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: gTrade (Gains Network): no order-book sample; Deribit: live order book, 47 min ago. Net counts fees only.
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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 47 min ago | 3.96 bp | 8.4 bp −$8 | 14.6 bp −$146 | doesn't fit | doesn't fit |
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0645% | 8h | 269.14 | −0.151% | $4.9M | $6.5M | 50x | as long as short |
| Deribit BCH_USDC-PERPETUALshort | −0.0552% | 1h | 269.21 | −0.125% | $455K | $266K | 25x | |
| SoDEX BCH-USD | −0.0550% | 1h | 269.04 | −0.188% | $2K | $6K | 10x | as long as short |
| GRVT BCH_USDT_Perp | −0.0157% | 8h | 269.17 | −0.140% | $392K | $17K | 10x | as long as short |
| ApeX Omni BCHUSDT | −0.0142% | 1h | 268.85 | −0.258% | $73K | $214K | 50x | as long as short |
| Gate BCH_USDT | −0.0140% | 8h | 269.51 | −0.013% | $8.5M | $14.2M | 75x | as long as short |
| Variational Omni BCH | −0.0128% | 8h | 269.31 | −0.089% | $82K | $285K | — | as long as short |
| Extended BCH-USD | −0.0064% | 1h | 269.29 | −0.095% | $117K | $1.1M | 25x | as long as short |
| Binance BCHUSDT | −0.0060% | 8h | 269.49 | −0.021% | $73.1M | $229.5M | 75x | as long as short |
| MEXC BCH_USDT | −0.0060% | 8h | 269.90 | +0.131% | $70.7M | $6.6M | 200x | as long as short |
Phemex BCHUSDT
SoDEX BCH-USD
GRVT BCH_USDT_Perp
ApeX Omni BCHUSDT
Gate BCH_USDT
Variational Omni BCH
Extended BCH-USD
Binance BCHUSDT
MEXC BCH_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BCH-PERP-INTX | −0.0056% | 1h | 269.29 | −0.095% | $228K | $2.0M | 50x | as long as short |
| HTX BCH-USDT | −0.0053% | 8h | 268.98 | −0.210% | $781K | $1.6M | 75x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0049% | 1h | 269.25 | −0.108% | $857K | $3.1M | 50x | as long as short |
| Bybit BCHUSDT | −0.0042% | 8h | 269.50 | −0.017% | $39.9M | $32.5M | 75x | as long as short |
| Bitget BCHUSDT | −0.0017% | 8h | 269.41 | −0.050% | $19.3M | $29.1M | 75x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 269.34 | −0.075% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 269.51 | −0.013% | $1.1M | $10.8M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USDlong | L 0.0000% / S +0.0007% | 1h | 269.55 | long leg | $4K | — | 150x | |
| Nado BCH-PERP | +0.0013% | 1h | 269.10 | −0.165% | $440K | $420K | 10x | as long as short |
| OKX BCH-USDT-SWAP | +0.0013% | 8h | 269.40 | −0.054% | $26.1M | $76.7M | 50x | as long as short |
| BingX BCH-USDC | +0.0019% | 8h | 269.41 | −0.050% | — | $6.5M | — | as long as short |
| Orderly PERP_BCH_USDC | +0.0030% | 8h | 269.47 | −0.028% | $2K | $176 | 10x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +0.243% | $721 | $130K | 12x | as long as short |
| BloFin BCH-USDT | +0.0060% | 8h | 269.04 | −0.188% | $3.9M | $4.2M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 269.25 | −0.111% | $371K | $530K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 269.69 | +0.053% | $6.0M | $4.4M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 269.33 | −0.081% | $178K | $666K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 269.31 | −0.088% | $164K | $407K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 269.37 | −0.065% | $8.6M | $7.7M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 268.77 | −0.288% | $19K | $290K | 20x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 268.86 | −0.255% | $2K | $1.9M | 30x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0334% / S −0.0451% | 1h | 269.59 | +0.017% | $25K | — | 100x | as long as short |
Coinbase International BCH-PERP-INTX
HTX BCH-USDT
Kraken Futures PF_BCHUSD
Bybit BCHUSDT
Bitget BCHUSDT
dYdX BCH-USD
Kalshi KXBCHPERP
Nado BCH-PERP
OKX BCH-USDT-SWAP
BingX BCH-USDC
Orderly PERP_BCH_USDC
Injective BCH/USDC PERP
BloFin BCH-USDT
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
SunX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]