Funding you earn now, next payment 22:00 UTC−0.0288%/8h= −31.5% APRpaid last 24h −0.021%
Price spread now: Phemex against Pacifica+0.001%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$390.389% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 3 days (all we have)−0.098%−$10 · spread now +0.001%, 7d avg −0.014%
=Together, before fees−0.089%+ Points / potential airdropPacifica: Active · farm board−$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.009% in total (about 0.5% a year). A funding rate is set anew for every payment. 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 | Pacifica BCH | 268.21 | 0.0100 | pay 0.0013% / 1h | 11m 31s | $169K | $460K | 10x |
| Short | Phemex BCHUSDT | 268.21 | −0.0188 | pay 0.0188% / 8h | 2h 11m | $4.9M | $6.2M | 50x |
Pacifica BCH
Phemex BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Pacifica. 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
- −$60.44
- Price spread: +0.001% → −0.014%
- $1.51
- Slippage, 4 orders
- −$18.88
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$97.81
- Costs to cover
- 0.389%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 12 min ago; Phemex: live order book, 2 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 Pacifica live order book, 12 min ago | 3.35 bp | 11.1 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 1.30 bp | 8.7 bp −$9 | 17.2 bp −$172 | 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-PERPETUAL | −0.0391% | 1h | 268.33 | +0.045% | $439K | $247K | 25x | as long as short |
| Injective BCH/USDC PERP | −0.0304% | 1h | 268.50 | +0.109% | $716 | $110K | 12x | as long as short |
| Phemex BCHUSDTshort | −0.0188% | 8h | 268.21 | +0.001% | $4.9M | $6.2M | 50x | |
| SoDEX BCH-USD | −0.0144% | 1h | 268.19 | −0.007% | $2K | $6K | 10x | as long as short |
| Extended BCH-USD | −0.0096% | 1h | 268.14 | −0.027% | $115K | $653K | 25x | as long as short |
| Binance BCHUSDT | −0.0095% | 8h | 268.31 | +0.038% | $74.0M | $229.3M | 75x | as long as short |
| MEXC BCH_USDT | −0.0095% | 8h | 268.91 | +0.262% | $71.3M | $6.4M | 200x | as long as short |
| Variational Omni BCH | −0.0069% | 8h | 268.54 | +0.123% | $85K | $291K | — | as long as short |
| Bitget BCHUSDT | −0.0038% | 8h | 268.24 | +0.012% | $19.9M | $29.0M | 75x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0024% | 1h | 268.45 | +0.090% | $241K | $2.1M | 50x | as long as short |
Deribit BCH_USDC-PERPETUAL
Injective BCH/USDC PERP
SoDEX BCH-USD
Extended BCH-USD
Binance BCHUSDT
MEXC BCH_USDT
Variational Omni BCH
Bitget BCHUSDT
Coinbase International BCH-PERP-INTXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BCH_USDT | −0.0021% | 8h | 268.22 | +0.004% | $8.4M | $14.4M | 75x | as long as short |
| GRVT BCH_USDT_Perp | −0.0020% | 8h | 268.20 | −0.005% | $391K | $17K | 10x | as long as short |
| Bybit BCHUSDT | −0.0005% | 8h | 268.11 | −0.037% | $39.4M | $32.1M | 75x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 268.42 | +0.079% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 268.49 | +0.105% | $1.0M | $11.3M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 268.47 | +0.098% | $4K | — | 150x | as long as short |
| BingX BCH-USDC | +0.0018% | 8h | 268.32 | +0.042% | — | $6.5M | — | as long as short |
| BloFin BCH-USDT | +0.0024% | 8h | 268.19 | −0.007% | $4.0M | $4.1M | 50x | as long as short |
| OKX BCH-USDT-SWAP | +0.0025% | 8h | 268.20 | −0.003% | $26.3M | $76.0M | 50x | as long as short |
| Orderly PERP_BCH_USDC | +0.0027% | 8h | 268.20 | −0.003% | $2K | $176 | 10x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0074% | 1h | 268.49 | +0.105% | $805K | $3.2M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 268.26 | +0.019% | $376K | $581K | 10x | as long as short |
| Nado BCH-PERP | +0.0100% | 1h | 268.22 | +0.006% | $439K | $425K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 268.58 | +0.139% | $6.0M | $4.1M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 268.41 | +0.074% | $236K | $660K | 75x | as long as short |
| Pacifica BCHlong | +0.0100% | 1h | 268.21 | long leg | $169K | $460K | 10x | |
| KuCoin BCHUSDTM | +0.0100% | 8h | 268.37 | +0.060% | $8.9M | $7.9M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 268.49 | +0.104% | $19K | $290K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 268.55 | +0.128% | $73K | $214K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 268.14 | −0.025% | $1K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 268.21 | +0.001% | $772K | $1.6M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0372% / S −0.0574% | 1h | 268.39 | +0.066% | $26K | — | 100x | as long as short |
Gate BCH_USDT
GRVT BCH_USDT_Perp
Bybit BCHUSDT
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
BingX BCH-USDC
BloFin BCH-USDT
OKX BCH-USDT-SWAP
Orderly PERP_BCH_USDC
Kraken Futures PF_BCHUSD
Lighter BCH
Nado BCH-PERP
Hyperliquid BCH
Aster BCHUSDT
KuCoin BCHUSDTM
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]