Funding you earn now, next payment 06:00 UTC−0.0179%/8h= −19.6% APRpaid last 24h −0.003%
Price spread now: Phemex against gTrade (Gains Network)−0.070%7-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 −$5 a day on $10k at the current rate, and Phemex is 0.070% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) BCH/USD | 266.12 | L −0.0004% / S +0.0007% | get 0.0000% / 1h | 5m 40s | $15K | — | 150x |
| Short | Phemex BCHUSDT | 265.93 | −0.0183 | pay 0.0183% / 8h | 2h 05m | $5.0M | $6.6M | 50x |
gTrade (Gains Network) BCH/USD
Phemex BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$37.65
- Price spread: −0.070% → 0.000%
- −$6.95
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$66.6
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: gTrade (Gains Network): no order-book sample; Phemex: live order book, 3 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 Phemex live order book, 3 min ago | 2.63 bp | 11.1 bp −$11 | 18.6 bp −$186 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX BCH-USD | −0.0230% | 1h | 265.91 | −0.077% | $2K | $8K | 10x | as long as short |
| HTX BCH-USDT | −0.0189% | 8h | 265.90 | −0.081% | $775K | $1.4M | 75x | as long as short |
| Phemex BCHUSDTshort | −0.0183% | 8h | 265.93 | −0.070% | $5.0M | $6.6M | 50x | |
| Deribit BCH_USDC-PERPETUAL | −0.0171% | 1h | 266.02 | −0.037% | $443K | $333K | 25x | as long as short |
| Bitget BCHUSDT | −0.0096% | 8h | 265.67 | −0.167% | $19.0M | $28.6M | 75x | as long as short |
| KuCoin BCHUSDTM | −0.0089% | 8h | 265.99 | −0.047% | $8.5M | $6.8M | 75x | as long as short |
| Variational Omni BCH | −0.0066% | 8h | 265.70 | −0.155% | $81K | $196K | — | as long as short |
| OKX BCH-USDT-SWAP | −0.0062% | 8h | 265.60 | −0.194% | $25.3M | $78.3M | 50x | as long as short |
| Extended BCH-USD | −0.0040% | 1h | 265.57 | −0.203% | $115K | $1.1M | 25x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0040% | 1h | 266.20 | +0.032% | $221K | $1.9M | 50x | as long as short |
SoDEX BCH-USD
HTX BCH-USDT
Deribit BCH_USDC-PERPETUAL
Bitget BCHUSDT
KuCoin BCHUSDTM
Variational Omni BCH
OKX BCH-USDT-SWAP
Extended BCH-USD
Coinbase International BCH-PERP-INTXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BCHUSDT | −0.0038% | 8h | 265.77 | −0.129% | $73.3M | $221.0M | 75x | as long as short |
| MEXC BCH_USDT | −0.0037% | 8h | 266.22 | +0.039% | $71.0M | $8.4M | 200x | as long as short |
| Nado BCH-PERP | −0.0034% | 1h | 265.85 | −0.100% | $438K | $355K | 10x | as long as short |
| SunX BCH-USDT | −0.0031% | 8h | 265.75 | −0.137% | $2K | $1.7M | 30x | as long as short |
| Bybit BCHUSDT | −0.0023% | 8h | 265.68 | −0.163% | $39.1M | $31.8M | 75x | as long as short |
| BingX BCH-USDC | −0.0017% | 8h | 265.86 | −0.096% | — | $6.5M | — | as long as short |
| GRVT BCH_USDT_Perp | −0.0006% | 8h | 265.54 | −0.215% | $387K | $17K | 10x | as long as short |
| gTrade (Gains Network) BCH/USDlong | L −0.0004% / S +0.0007% | 1h | 266.12 | long leg | $15K | — | 150x | |
| dYdX BCH-USD | 0.0000% | 1h | 265.97 | −0.054% | $5K | $240 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 265.94 | −0.066% | $988K | $10.5M | 2.7x | as long as short |
| Gate BCH_USDT | +0.0028% | 8h | 265.90 | −0.081% | $8.4M | $13.9M | 75x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +1.535% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0046% | 8h | 266.06 | −0.021% | $2K | $176 | 10x | as long as short |
| Aster BCHUSDT | +0.0072% | 8h | 265.89 | −0.086% | $150K | $564K | 75x | as long as short |
| BloFin BCH-USDT | +0.0082% | 8h | 265.80 | −0.118% | $3.9M | $4.5M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 265.83 | −0.107% | $354K | $498K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 265.92 | −0.073% | $5.7M | $4.7M | 10x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 265.82 | −0.112% | $159K | $312K | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 265.38 | −0.278% | $18K | $345K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 265.63 | −0.182% | $95K | $237K | 50x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0179% | 1h | 266.08 | −0.013% | $851K | $3.0M | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0202% / S −0.0147% | 1h | 266.05 | −0.026% | $12K | — | 100x | as long as short |
Binance BCHUSDT
MEXC BCH_USDT
Nado BCH-PERP
SunX BCH-USDT
Bybit BCHUSDT
BingX BCH-USDC
GRVT BCH_USDT_Perp
dYdX BCH-USD
Kalshi KXBCHPERP
Gate BCH_USDT
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
Aster BCHUSDT
BloFin BCH-USDT
Lighter BCH
Hyperliquid BCH
Pacifica BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
Kraken Futures PF_BCHUSD
GMX BCH/USD [WBTC.b-USDC]