Funding you earn now, next payment 16:00 UTC−0.0198%/8h= −21.7% APRnext payment −$1.98 per $10,000 · paid last 24h −0.019%
Price spread now: OKX against SunX−0.041%57s7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1071.073% of the position
Funding, last 7 days−0.094%−$9 on $10k
+Price spread, last 4 days (all we have)+0.175%+$18 · spread now −0.041%, 7d avg +0.009%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and OKX is 0.051% cheaper against SunX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.009%). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.094% in total (about -4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.98 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 | SunX BCH-USDT | 266.01 | 0.0100 | pay 0.0100% / 8h | 7h 32m | $1K | $1.6M | 30x |
| Short | OKX BCH-USDT-SWAP | 265.90 | −0.0098 | pay 0.0098% / 8h | 7h 32m | $25.1M | $78.0M | 50x |
SunX BCH-USDT
OKX BCH-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against SunX. 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
- −$41.53
- Price spread: −0.041% → +0.009%
- −$5.08
- Slippage, 4 orders
- −$89.31
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$153.92
- Costs to cover
- 1.073%
- Break-even
- never at this rate
Slippage from SunX: live order book, 3 min ago; OKX: live order book, 1 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 SunX live order book, 3 min ago | 37.47 bp | 44.3 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 1.88 bp | 6.9 bp −$7 | 15.8 bp −$158 | 89.7 bp −$8,972 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX BCH-USD | −0.0378% | 1h | 266.19 | +0.068% | $2K | $8K | 10x | as long as short |
| GRVT BCH_USDT_Perp | −0.0180% | 8h | 266.85 | +0.318% | $389K | $17K | 10x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0159% | 1h | 266.41 | +0.149% | $869K | $2.7M | 50x | as long as short |
| Variational Omni BCH | −0.0129% | 8h | 266.91 | +0.337% | $149K | $262K | — | as long as short |
| OKX BCH-USDT-SWAPshort | −0.0098% | 8h | 265.90 | −0.041% | $25.1M | $78.0M | 50x | |
| KuCoin BCHUSDTM | −0.0072% | 8h | 266.20 | +0.071% | $8.5M | $6.2M | 75x | as long as short |
| Bitget BCHUSDT | −0.0072% | 8h | 266.00 | −0.004% | $19.1M | $27.3M | 75x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0065% | 1h | 266.31 | +0.115% | $418K | $359K | 25x | as long as short |
| Extended BCH-USD | −0.0056% | 1h | 265.98 | −0.011% | $119K | $915K | 25x | as long as short |
| Binance BCHUSDT | −0.0055% | 8h | 265.97 | −0.015% | $73.5M | $216.2M | 75x | as long as short |
SoDEX BCH-USD
GRVT BCH_USDT_Perp
Kraken Futures PF_BCHUSD
Variational Omni BCH
KuCoin BCHUSDTM
Bitget BCHUSDT
Deribit BCH_USDC-PERPETUAL
Extended BCH-USD
Binance BCHUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BCH_USDT | −0.0053% | 8h | 266.60 | +0.222% | $71.6M | $9.3M | 200x | as long as short |
| Gate BCH_USDT | −0.0047% | 8h | 266.12 | +0.041% | $8.3M | $12.9M | 75x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 266.43 | +0.159% | $15K | — | 150x | as long as short |
| Phemex BCHUSDT | −0.0002% | 8h | 266.32 | +0.117% | $4.9M | $6.5M | 50x | as long as short |
| Pacifica BCH | −0.0002% | 1h | 266.32 | +0.116% | $155K | $296K | 10x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 266.50 | +0.184% | $5K | $240 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 266.64 | +0.237% | $1.0M | $9.1M | 2.7x | as long as short |
| Aster BCHUSDT | +0.0005% | 8h | 266.37 | +0.134% | $143K | $574K | 75x | as long as short |
| Bybit BCHUSDT | +0.0012% | 8h | 265.98 | −0.011% | $39.3M | $32.2M | 75x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +1.575% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0043% | 8h | 266.06 | +0.019% | $2K | — | 10x | as long as short |
| BloFin BCH-USDT | +0.0066% | 8h | 266.27 | +0.098% | $3.5M | $5.1M | 50x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0088% | 1h | 268.36 | +0.883% | $304K | $2.1M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 266.40 | +0.148% | $375K | $495K | 10x | as long as short |
| Nado BCH-PERP | +0.0100% | 1h | 265.98 | −0.012% | $427K | $352K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 266.22 | +0.079% | $5.8M | $4.7M | 10x | as long as short |
| BingX BCH-USDC | +0.0100% | 8h | 266.03 | +0.008% | — | $6.5M | — | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 266.89 | +0.329% | $19K | $345K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 267.84 | +0.688% | $97K | $241K | 50x | as long as short |
| SunX BCH-USDTlong | +0.0100% | 8h | 266.01 | long leg | $1K | $1.6M | 30x | |
| HTX BCH-USDT | +0.0100% | 8h | 265.98 | −0.011% | $775K | $1.4M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0202% / S −0.0147% | 1h | 266.15 | +0.054% | $12K | — | 100x | as long as short |
MEXC BCH_USDT
Gate BCH_USDT
gTrade (Gains Network) BCH/USD
Phemex BCHUSDT
Pacifica BCH
dYdX BCH-USD
Kalshi KXBCHPERP
Aster BCHUSDT
Bybit BCHUSDT
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
BloFin BCH-USDT
Coinbase International BCH-PERP-INTX
Lighter BCH
Nado BCH-PERP
Hyperliquid BCH
BingX BCH-USDC
edgeX BCHUSDC
ApeX Omni BCHUSDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]