Funding you earn now, next payment 02:00 UTC+0.0273%/8h= +29.9% APRpaid last 24h +0.012%
Price spread now: Coinbase International against Phemex+0.030%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$460.458% of the position
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 3 days (all we have)−0.076%−$8 · spread now +0.030%, 7d avg +0.027%
=The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: +$8 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 0.027% in total (about 1.4% 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 | Phemex BCHUSDT | 264.10 | −0.0401 | get 0.0401% / 8h | 5h 56m | $4.9M | $6.6M | 50x |
| Short | Coinbase International BCH-PERP-INTX | 264.18 | −0.0128 | pay 0.0016% / 1h | 56m 31s | $230K | $1.8M | 50x |
Phemex BCHUSDT
Coinbase International BCH-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Phemex. 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
- $57.4
- Price spread: +0.030% → +0.027%
- $0.38
- Slippage, 4 orders
- −$23.76
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $12.01
- Costs to cover
- 0.458%
- Break-even
- 5.5 days
Slippage from Phemex: live order book, 2 min ago; Coinbase International: 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 Phemex live order book, 2 min ago | 1.51 bp | 9.5 bp −$10 | 20.5 bp −$205 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 6.23 bp | 13.7 bp −$14 | 18.4 bp −$184 | 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 | −0.1747% | 8h | 264.02 | −0.030% | $2K | $1.7M | 30x | as long as short |
| SoDEX BCH-USD | −0.0504% | 1h | 264.07 | −0.011% | $2K | $8K | 10x | as long as short |
| HTX BCH-USDT | −0.0500% | 8h | 264.04 | −0.023% | $771K | $1.5M | 75x | as long as short |
| Phemex BCHUSDTlong | −0.0401% | 8h | 264.10 | long leg | $4.9M | $6.6M | 50x | |
| Deribit BCH_USDC-PERPETUAL | −0.0295% | 1h | 264.17 | +0.026% | $446K | $253K | 25x | as long as short |
| GRVT BCH_USDT_Perp | −0.0194% | 8h | 264.93 | +0.314% | $386K | $17K | 10x | as long as short |
| Nado BCH-PERP | −0.0188% | 1h | 265.21 | +0.419% | $419K | $339K | 10x | as long as short |
| Coinbase International BCH-PERP-INTXshort | −0.0128% | 1h | 264.18 | +0.030% | $230K | $1.8M | 50x | |
| Binance BCHUSDT | −0.0113% | 8h | 265.49 | +0.528% | $71.8M | $214.6M | 75x | as long as short |
| Extended BCH-USD | −0.0112% | 1h | 265.39 | +0.488% | $112K | $953K | 25x | as long as short |
SunX BCH-USDT
SoDEX BCH-USD
HTX BCH-USDT
Deribit BCH_USDC-PERPETUAL
GRVT BCH_USDT_Perp
Nado BCH-PERP
Binance BCHUSDT
Extended BCH-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BCH_USDT | −0.0111% | 8h | 265.80 | +0.644% | $70.1M | $6.6M | 200x | as long as short |
| Variational Omni BCH | −0.0109% | 8h | 265.00 | +0.342% | $81K | $201K | — | as long as short |
| Gate BCH_USDT | −0.0108% | 8h | 265.12 | +0.386% | $8.4M | $13.1M | 75x | as long as short |
| ApeX Omni BCHUSDT | −0.0092% | 1h | 265.25 | +0.435% | $97K | $226K | 50x | as long as short |
| OKX BCH-USDT-SWAP | −0.0070% | 8h | 265.40 | +0.492% | $25.3M | $74.1M | 50x | as long as short |
| Bitget BCHUSDT | −0.0052% | 8h | 265.44 | +0.507% | $19.0M | $28.2M | 75x | as long as short |
| Bybit BCHUSDT | −0.0049% | 8h | 265.40 | +0.492% | $39.2M | $31.0M | 75x | as long as short |
| BingX BCH-USDC | −0.0040% | 8h | 265.46 | +0.515% | — | $6.5M | — | as long as short |
| Kraken Futures PF_BCHUSD | −0.0031% | 1h | 264.31 | +0.078% | $848K | $3.0M | 50x | as long as short |
| KuCoin BCHUSDTM | −0.0018% | 8h | 265.34 | +0.470% | $8.6M | $7.3M | 75x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 265.40 | +0.494% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 264.58 | +0.182% | $1.1M | $10.1M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 265.44 | +0.508% | $4K | — | 150x | as long as short |
| Pacifica BCH | +0.0021% | 1h | 265.23 | +0.428% | $161K | $317K | 10x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +2.310% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0034% | 8h | 264.07 | −0.011% | $2K | $176 | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 265.10 | +0.379% | $365K | $477K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 265.67 | +0.594% | $5.7M | $4.7M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 264.81 | +0.270% | $168K | $519K | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 265.01 | +0.345% | $19K | $293K | 20x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0333% / S −0.0451% | 1h | 264.30 | +0.075% | $25K | — | 100x | as long as short |
MEXC BCH_USDT
Variational Omni BCH
Gate BCH_USDT
ApeX Omni BCHUSDT
OKX BCH-USDT-SWAP
Bitget BCHUSDT
Bybit BCHUSDT
BingX BCH-USDC
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
Hyperliquid BCH
Aster BCHUSDT
edgeX BCHUSDC
GMX BCH/USD [WBTC.b-USDC]