Funding you earn now, next payment 08:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.42 per $10,000 · paid last 24h −0.034%
Price spread now: Phemex against HTX−0.030%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$950.954% of the position
Funding, last 7 days−0.166%−$17 on $10k
+Price spread, last 3 days (all we have)+0.066%+$7 · spread now −0.030%, 7d avg +0.020%
=Funding pays, the price is against you. Phemex is 0.050% cheaper against HTX than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of +0.020%). If the spread goes back, that is −$5 on $10k: about 4.0 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.166%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX BCH-USDT | 264.96 | −0.0489 | get 0.0489% / 8h | 5h 58m | $776K | $1.5M | 75x |
| Short | Phemex BCHUSDT | 264.88 | −0.0448 | pay 0.0448% / 8h | 5h 58m | $4.9M | $6.6M | 50x |
HTX BCH-USDT
Phemex BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against HTX. 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
- $8.74
- Price spread: −0.030% → +0.020%
- −$4.98
- Slippage, 4 orders
- −$71.35
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$91.59
- Costs to cover
- 0.954%
- Break-even
- 80.4 days
Slippage from HTX: live order book, just now; Phemex: live order book, 5 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 HTX live order book, just now | 11.89 bp | 19.7 bp −$20 | 163.2 bp −$1,632 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 1.32 bp | 10.1 bp −$10 | 16.8 bp −$168 | doesn't fit | doesn't fit |
BCH on 31 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX BCH-USDT | −0.1675% | 8h | 264.81 | −0.057% | $1K | $1.7M | 30x | as long as short |
| SoDEX BCH-USD | −0.0585% | 1h | 264.97 | +0.004% | $2K | $8K | 10x | as long as short |
| HTX BCH-USDTlong | −0.0489% | 8h | 264.96 | long leg | $776K | $1.5M | 75x | |
| Phemex BCHUSDTshort | −0.0448% | 8h | 264.88 | −0.030% | $4.9M | $6.6M | 50x | |
| Deribit BCH_USDC-PERPETUAL | −0.0316% | 1h | 265.06 | +0.038% | $448K | $253K | 25x | as long as short |
| GRVT BCH_USDT_Perp | −0.0194% | 8h | 265.15 | +0.073% | $387K | $17K | 10x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0128% | 1h | 265.20 | +0.091% | $231K | $1.8M | 50x | as long as short |
| Gate BCH_USDT | −0.0114% | 8h | 264.87 | −0.034% | $8.4M | $13.1M | 75x | as long as short |
| Extended BCH-USD | −0.0112% | 1h | 264.69 | −0.103% | $112K | $953K | 25x | as long as short |
| Binance BCHUSDT | −0.0111% | 8h | 264.84 | −0.045% | $71.7M | $216.1M | 75x | as long as short |
SunX BCH-USDT
SoDEX BCH-USD
Deribit BCH_USDC-PERPETUAL
GRVT BCH_USDT_Perp
Coinbase International BCH-PERP-INTX
Gate BCH_USDT
Extended BCH-USD
Binance BCHUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BCH_USDT | −0.0111% | 8h | 265.17 | +0.079% | $70.0M | $6.5M | 200x | as long as short |
| Variational Omni BCH | −0.0109% | 8h | 265.00 | +0.016% | $81K | $201K | — | as long as short |
| ApeX Omni BCHUSDT | −0.0099% | 1h | 265.18 | +0.083% | $97K | $226K | 50x | as long as short |
| OKX BCH-USDT-SWAP | −0.0069% | 8h | 264.60 | −0.136% | $25.2M | $73.9M | 50x | as long as short |
| Bybit BCHUSDT | −0.0053% | 8h | 264.82 | −0.053% | $39.2M | $31.4M | 75x | as long as short |
| Bitget BCHUSDT | −0.0051% | 8h | 264.75 | −0.079% | $19.0M | $28.2M | 75x | as long as short |
| BingX BCH-USDT | −0.0040% | 8h | 264.87 | −0.034% | — | $32.2M | — | as long as short |
| Kraken Futures PF_BCHUSD | −0.0031% | 1h | 265.26 | +0.113% | $851K | $3.0M | 50x | as long as short |
| KuCoin BCHUSDTM | −0.0017% | 8h | 265.06 | +0.038% | $8.6M | $7.3M | 75x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 265.15 | +0.073% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 265.37 | +0.155% | $1.1M | $10.2M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 265.14 | +0.068% | $4K | — | 150x | as long as short |
| Pacifica BCH | +0.0021% | 1h | 264.90 | −0.023% | $161K | $317K | 10x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +1.978% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0034% | 8h | 265.00 | +0.015% | $2K | $176 | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 264.86 | −0.038% | $365K | $477K | 10x | as long as short |
| Nado BCH-PERP | +0.0100% | 1h | 265.05 | +0.034% | $419K | $346K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 265.20 | +0.091% | $5.7M | $4.7M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 264.98 | +0.007% | $168K | $519K | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 265.01 | +0.019% | $19K | $293K | 20x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0333% / S −0.0451% | 1h | 265.10 | +0.053% | $25K | — | 100x | as long as short |
MEXC BCH_USDT
Variational Omni BCH
ApeX Omni BCHUSDT
OKX BCH-USDT-SWAP
Bybit BCHUSDT
Bitget BCHUSDT
BingX BCH-USDT
Kraken Futures PF_BCHUSD
KuCoin BCHUSDTM
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Pacifica BCH
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
Lighter BCH
Nado BCH-PERP
Hyperliquid BCH
Aster BCHUSDT
edgeX BCHUSDC
GMX BCH/USD [WBTC.b-USDC]