Funding you earn now, next payment 10:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h −0.078%
Price spread now: Deribit against Orderly+0.123%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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
The price spread pays, funding is against you. Deribit is 0.123% dearer against Orderly than usual: you sell high and buy low (spread +0.123% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BCH_USDC | 269.82 | 0.0041 | pay 0.0041% / 8h | 6h 05m | $2K | $540 | 10x |
| Short | Deribit BCH_USDC-PERPETUAL | 270.15 | 0 | get 0.0000% / 1h | 5m 40s | $425K | $356K | 25x |
Orderly PERP_BCH_USDC
Deribit BCH_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Orderly. 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
- −$8.66
- Price spread: +0.123% → 0.000%
- $12.34
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$9.31
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Deribit: live order book, 46 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 46 min ago | 4.17 bp | 8.3 bp −$8 | 13.7 bp −$137 | doesn't fit | doesn't fit |
Orderly: 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 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 | −0.0344% | 1h | 269.99 | +0.063% | $2K | $8K | 10x | as long as short |
| Phemex BCHUSDT | −0.0298% | 8h | 269.75 | −0.026% | $4.9M | $6.3M | 50x | as long as short |
| Variational Omni BCH | −0.0142% | 8h | 268.79 | −0.382% | $145K | $222K | — | as long as short |
| Bybit BCHUSDT | −0.0129% | 8h | 270.36 | +0.200% | $39.6M | $30.9M | 75x | as long as short |
| OKX BCH-USDT-SWAP | −0.0116% | 8h | 270.20 | +0.141% | $25.7M | $75.1M | 50x | as long as short |
| GRVT BCH_USDT_Perp | −0.0087% | 8h | 269.05 | −0.287% | $392K | $17K | 10x | as long as short |
| MEXC BCH_USDT | −0.0067% | 8h | 271.02 | +0.445% | $73.6M | $9.6M | 200x | as long as short |
| Binance BCHUSDT | −0.0067% | 8h | 270.45 | +0.233% | $74.4M | $200.6M | 75x | as long as short |
| Extended BCH-USD | −0.0064% | 1h | 270.27 | +0.168% | $118K | $919K | 25x | as long as short |
| HTX BCH-USDT | −0.0043% | 8h | 269.75 | −0.026% | $789K | $1.2M | 75x | as long as short |
SoDEX BCH-USD
Phemex BCHUSDT
Variational Omni BCH
Bybit BCHUSDT
OKX BCH-USDT-SWAP
GRVT BCH_USDT_Perp
MEXC BCH_USDT
Binance BCHUSDT
Extended BCH-USD
HTX BCH-USDTShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BCH_USDT | −0.0040% | 8h | 270.46 | +0.237% | $8.2M | $12.9M | 75x | as long as short |
| KuCoin BCHUSDTM | −0.0015% | 8h | 270.41 | +0.219% | $8.8M | $5.5M | 75x | as long as short |
| Bitget BCHUSDT | −0.0014% | 8h | 270.40 | +0.215% | $19.4M | $26.5M | 75x | as long as short |
| BingX BCH-USDT | −0.0014% | 8h | 270.46 | +0.237% | — | $14.2M | — | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 270.12 | +0.112% | $15K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 269.82 | +0.001% | $5K | $240 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 270.21 | +0.145% | $1.0M | $8.7M | 2.7x | as long as short |
| Deribit BCH_USDC-PERPETUALshort | 0.0000% | 1h | 270.15 | +0.123% | $425K | $356K | 25x | |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +0.141% | $721 | $130K | 12x | as long as short |
| Aster BCHUSDT | +0.0035% | 8h | 270.34 | +0.193% | $147K | $510K | 75x | as long as short |
| Orderly PERP_BCH_USDClong | +0.0041% | 8h | 269.82 | long leg | $2K | $540 | 10x | |
| BloFin BCH-USDT | +0.0052% | 8h | 269.70 | −0.044% | $3.6M | $5.3M | 50x | as long as short |
| SunX BCH-USDT | +0.0068% | 8h | 269.40 | −0.156% | $2K | $1.4M | 30x | as long as short |
| ApeX Omni BCHUSDT | +0.0075% | 1h | 269.06 | −0.282% | $97K | $244K | 50x | as long as short |
| Nado BCH-PERP | +0.0077% | 1h | 269.57 | −0.093% | $461K | $372K | 10x | as long as short |
| Pacifica BCH | +0.0095% | 1h | 270.44 | +0.228% | $156K | $270K | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 270.56 | +0.274% | $396K | $468K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 270.59 | +0.286% | $6.0M | $4.5M | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 269.47 | −0.131% | $19K | $345K | 20x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0104% | 1h | 270.20 | +0.143% | $883K | $2.5M | 50x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0144% | 1h | 270.28 | +0.170% | $361K | $2.1M | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0227% / S −0.0201% | 1h | 270.10 | +0.104% | $15K | — | 100x | as long as short |
Gate BCH_USDT
KuCoin BCHUSDTM
Bitget BCHUSDT
BingX BCH-USDT
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Kalshi KXBCHPERP
Injective BCH/USDC PERP
Aster BCHUSDT
BloFin BCH-USDT
SunX BCH-USDT
ApeX Omni BCHUSDT
Nado BCH-PERP
Pacifica BCH
Lighter BCH
Hyperliquid BCH
edgeX BCHUSDC
Kraken Futures PF_BCHUSD
Coinbase International BCH-PERP-INTX
GMX BCH/USD [WBTC.b-USDC]