Funding you earn now, next payment 00:00 UTC+0.0305%/8h= +33.4% APRnext payment +$3.05 per $10,000 · paid last 24h +0.013%
Price spread now: SunX against Phemex−0.115%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$890.888% of the position
Funding, last 7 days+0.134%+$13 on $10k
+Price spread, last 3 days (all we have)+0.108%+$11 · spread now −0.115%, 7d avg −0.035%
=Funding pays, the price is against you. SunX is 0.080% cheaper against Phemex than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of −0.035%). If the spread goes back, that is −$8 on $10k: about 21 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.134% in total) that is about 4.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.134% in total (about 7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.05 per $10,000. 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 | 270.15 | −0.0205 | get 0.0205% / 8h | 1h 48m | $4.9M | $6.3M | 50x |
| Short | SunX BCH-USDT | 269.84 | 0.0100 | get 0.0100% / 8h | 1h 48m | $2K | $2.0M | 30x |
Phemex BCHUSDT
SunX BCH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $64.04
- Price spread: −0.115% → −0.035%
- −$8.02
- Slippage, 4 orders
- −$68.82
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$32.8
- Costs to cover
- 0.888%
- Break-even
- 10.6 days
Slippage from Phemex: live order book, 5 min ago; SunX: live order book, 7 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, 5 min ago | 1.85 bp | 9.8 bp −$10 | 18.8 bp −$188 | doesn't fit | doesn't fit |
| Sell SunX live order book, 7 min ago | 19.57 bp | 28.9 bp −$29 | doesn't fit | 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 | −0.0512% | 1h | 270.13 | −0.009% | $458K | $263K | 25x | as long as short |
| Phemex BCHUSDTlong | −0.0205% | 8h | 270.15 | long leg | $4.9M | $6.3M | 50x | |
| Injective BCH/USDC PERP | −0.0154% | 1h | 270.20 | +0.019% | $721 | $130K | 12x | as long as short |
| Extended BCH-USD | −0.0080% | 1h | 270.01 | −0.052% | $116K | $653K | 25x | as long as short |
| MEXC BCH_USDT | −0.0076% | 8h | 270.68 | +0.196% | $71.6M | $6.3M | 200x | as long as short |
| Binance BCHUSDT | −0.0075% | 8h | 270.19 | +0.015% | $75.2M | $232.0M | 75x | as long as short |
| Variational Omni BCH | −0.0071% | 8h | 269.63 | −0.194% | $86K | $291K | — | as long as short |
| SoDEX BCH-USD | −0.0046% | 1h | 270.05 | −0.037% | $2K | $6K | 10x | as long as short |
| Bitget BCHUSDT | −0.0019% | 8h | 270.03 | −0.044% | $20.0M | $29.0M | 75x | as long as short |
| Gate BCH_USDT | −0.0016% | 8h | 270.14 | −0.004% | $8.4M | $14.7M | 75x | as long as short |
Deribit BCH_USDC-PERPETUAL
Injective BCH/USDC PERP
Extended BCH-USD
MEXC BCH_USDT
Binance BCHUSDT
Variational Omni BCH
SoDEX BCH-USD
Bitget BCHUSDT
Gate BCH_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BCH_USDT_Perp | −0.0001% | 8h | 269.74 | −0.152% | $393K | $17K | 10x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 270.18 | +0.010% | $5K | $248 | 10x | as long as short |
| Bybit BCHUSDT | 0.0000% | 8h | 270.10 | −0.019% | $39.7M | $32.6M | 75x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 270.37 | +0.081% | $1.1M | $11.5M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 270.14 | −0.004% | $4K | — | 150x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0016% | 1h | 269.84 | −0.115% | $232K | $2.1M | 50x | as long as short |
| Orderly PERP_BCH_USDC | +0.0026% | 8h | 269.98 | −0.063% | $2K | $176 | 10x | as long as short |
| Nado BCH-PERP | +0.0042% | 1h | 270.03 | −0.043% | $443K | $427K | 10x | as long as short |
| BloFin BCH-USDT | +0.0043% | 8h | 270.03 | −0.044% | $4.0M | $4.1M | 50x | as long as short |
| BingX BCH-USDT | +0.0044% | 8h | 270.15 | 0.000% | — | $31.9M | — | as long as short |
| OKX BCH-USDT-SWAP | +0.0051% | 8h | 270.20 | +0.019% | $26.1M | $77.4M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 270.17 | +0.008% | $379K | $583K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 270.38 | +0.085% | $6.1M | $4.2M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 270.06 | −0.032% | $220K | $700K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 270.20 | +0.017% | $164K | $468K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 270.12 | −0.011% | $8.9M | $8.0M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 269.81 | −0.126% | $19K | $289K | 20x | as long as short |
| SunX BCH-USDTshort | +0.0100% | 8h | 269.84 | −0.115% | $2K | $2.0M | 30x | |
| HTX BCH-USDT | +0.0100% | 8h | 270.07 | −0.030% | $786K | $1.7M | 75x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0113% | 1h | 270.33 | +0.066% | $808K | $3.2M | 50x | as long as short |
| ApeX Omni BCHUSDT | +0.0341% | 1h | 270.36 | +0.078% | $73K | $214K | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0341% / S −0.0467% | 1h | 270.24 | +0.034% | $26K | — | 100x | as long as short |
GRVT BCH_USDT_Perp
dYdX BCH-USD
Bybit BCHUSDT
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Coinbase International BCH-PERP-INTX
Orderly PERP_BCH_USDC
Nado BCH-PERP
BloFin BCH-USDT
BingX BCH-USDT
OKX BCH-USDT-SWAP
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
HTX BCH-USDT
Kraken Futures PF_BCHUSD
ApeX Omni BCHUSDT
GMX BCH/USD [WBTC.b-USDC]