Funding you earn now, next payment 00:00 UTC−0.0288%/8h= −31.5% APRnext payment −$2.88 per $10,000 · paid last 24h −0.013%
Price spread now: Phemex against SunX+0.096%7-day average +0.035% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.134%−$13 on $10k
+Price spread, last 3 days (all we have)−0.090%−$9 · spread now +0.096%, 7d avg +0.035%
=The price spread pays, funding is against you. Phemex is 0.062% dearer against SunX than usual: you sell high and buy low (spread +0.096% now, against its 7-day average of +0.035%): +$6 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.134% in total) that is about 3.2 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 −$2.88 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 | 269.97 | 0.0100 | pay 0.0100% / 8h | 1h 14m | $1K | $2.0M | 30x |
| Short | Phemex BCHUSDT | 270.23 | −0.0188 | pay 0.0188% / 8h | 1h 14m | $4.9M | $6.5M | 50x |
SunX BCH-USDT
Phemex BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$60.49
- Price spread: +0.096% → +0.035%
- $6.17
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$74.32
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: SunX: live order book, 1 min ago; Phemex: live order book, 4 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 SunX live order book, 1 min ago | 500.18 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 0.19 bp | 13.2 bp −$13 | 21.0 bp −$210 | 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 | −0.0600% | 1h | 270.22 | +0.093% | $458K | $265K | 25x | as long as short |
| Phemex BCHUSDTshort | −0.0188% | 8h | 270.23 | +0.096% | $4.9M | $6.5M | 50x | |
| SoDEX BCH-USD | −0.0161% | 1h | 270.16 | +0.070% | $2K | $6K | 10x | as long as short |
| Injective BCH/USDC PERP | −0.0154% | 1h | 270.20 | +0.085% | $721 | $130K | 12x | as long as short |
| Variational Omni BCH | −0.0115% | 8h | 269.72 | −0.094% | $83K | $294K | — | as long as short |
| Bybit BCHUSDT | −0.0064% | 8h | 270.04 | +0.026% | $39.5M | $33.0M | 75x | as long as short |
| Extended BCH-USD | −0.0048% | 1h | 269.95 | −0.008% | $117K | $653K | 25x | as long as short |
| MEXC BCH_USDT | −0.0046% | 8h | 270.79 | +0.304% | $70.9M | $6.6M | 200x | as long as short |
| Binance BCHUSDT | −0.0046% | 8h | 270.06 | +0.034% | $75.1M | $234.1M | 75x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 270.39 | +0.157% | $5K | $248 | 10x | as long as short |
Deribit BCH_USDC-PERPETUAL
SoDEX BCH-USD
Injective BCH/USDC PERP
Variational Omni BCH
Bybit BCHUSDT
Extended BCH-USD
MEXC BCH_USDT
Binance BCHUSDT
dYdX BCH-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXBCHPERP | 0.0000% | 8h | 270.47 | +0.185% | $1.3M | $11.8M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 270.25 | +0.102% | $4K | — | 150x | as long as short |
| Gate BCH_USDT | +0.0005% | 8h | 270.09 | +0.044% | $8.4M | $14.9M | 75x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0016% | 1h | 270.97 | +0.370% | $243K | $2.1M | 50x | as long as short |
| Bitget BCHUSDT | +0.0017% | 8h | 270.26 | +0.107% | $19.5M | $29.4M | 75x | as long as short |
| GRVT BCH_USDT_Perp | +0.0018% | 8h | 270.08 | +0.040% | $394K | $17K | 10x | as long as short |
| Orderly PERP_BCH_USDC | +0.0024% | 8h | 270.14 | +0.063% | $2K | $176 | 10x | as long as short |
| OKX BCH-USDT-SWAP | +0.0064% | 8h | 269.90 | −0.026% | $26.4M | $78.3M | 50x | as long as short |
| BingX BCH-USDT | +0.0071% | 8h | 270.05 | +0.030% | — | $30.5M | — | as long as short |
| BloFin BCH-USDT | +0.0074% | 8h | 269.99 | +0.007% | $4.0M | $4.2M | 50x | as long as short |
| Nado BCH-PERP | +0.0094% | 1h | 270.00 | +0.012% | $442K | $428K | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 270.22 | +0.093% | $378K | $588K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 270.53 | +0.207% | $6.1M | $4.2M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 270.19 | +0.081% | $218K | $703K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 270.20 | +0.083% | $164K | $467K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 270.26 | +0.107% | $9.3M | $8.0M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 270.10 | +0.050% | $19K | $290K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 270.36 | +0.144% | $73K | $213K | 50x | as long as short |
| SunX BCH-USDTlong | +0.0100% | 8h | 269.97 | long leg | $1K | $2.0M | 30x | |
| HTX BCH-USDT | +0.0100% | 8h | 270.26 | +0.107% | $777K | $1.7M | 75x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0112% | 1h | 270.45 | +0.179% | $819K | $3.2M | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0342% / S −0.0467% | 1h | 270.35 | +0.143% | $26K | — | 100x | as long as short |
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Gate BCH_USDT
Coinbase International BCH-PERP-INTX
Bitget BCHUSDT
GRVT BCH_USDT_Perp
Orderly PERP_BCH_USDC
OKX BCH-USDT-SWAP
BingX BCH-USDT
BloFin BCH-USDT
Nado BCH-PERP
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
ApeX Omni BCHUSDT
HTX BCH-USDT
Kraken Futures PF_BCHUSD
GMX BCH/USD [WBTC.b-USDC]