BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+2.4832%/8h= +2719.1% APRnext payment +$31.04 per $10,000 · paid last 24h −0.078%

Price spread now: Deribit against ApeX Omni+2.650%46s7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as 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−$410.414% of the position

Long on ApeX Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.280%−$28 on $10k

Price spread, last 4 days (all we have)−2.679%−$268 · spread now +2.650%, 7d avg −0.029%

Together, before fees−2.958%−$296 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$745 a day on $10k at the current rate, and Deribit is 2.679% dearer against ApeX Omni than usual: you sell high and buy low: +$268 more if the spread goes back to its 7-day average of −0.029%. Mind the row above: over the last 7 days funding on this pair cost −0.280%, so the current rate has only just turned in your favour. The two prices were read 46 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 -0.280% in total (about -14.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$31.04 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BCHUSDT	269.16	−0.0082	get 0.0010% / 1h	47m 34s	$49K	$274K	50x
Short	Deribit BCH_USDC-PERPETUAL	276.29	2.4751	get 0.3094% / 1h	47m 34s	$448K	$371K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee DeribitbpOrdersPrice spread, now +2.650%Rate

Funding earned: $5,214.75
Price spread: +2.650% → −0.029%: $267.87
Slippage, 4 orders: −$24.42
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $5,441.2
Costs to cover: 0.414%
Break-even: from the start

Slippage from ApeX Omni: live order book, 57 min ago; Deribit: live order book, 59 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 ApeX Omni live order book, 57 min ago	4.45 bp	12.0 bp −$12	102.7 bp −$1,027	doesn't fit	doesn't fit
Sell Deribit live order book, 59 min ago	2.74 bp	10.2 bp −$10	16.9 bp −$169	doesn't fit	doesn't fit

BCH on 32 exchanges

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	−0.0369%	1h	269.40	+0.089%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0268%	8h	269.32	+0.059%	$4.9M	$6.3M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0133%	8h	269.60	+0.163%	$26.1M	$74.5M	50x	as long as short
Gate BCH_USDT	−0.0101%	8h	269.53	+0.137%	$8.0M	$12.9M	75x	as long as short
Variational Omni BCH	−0.0100%	8h	269.68	+0.193%	$163K	$241K	—	as long as short
Binance BCHUSDT	−0.0089%	8h	269.68	+0.193%	$76.0M	$200.1M	75x	as long as short
MEXC BCH_USDT	−0.0089%	8h	270.10	+0.349%	$74.3M	$10.0M	200x	as long as short
GRVT BCH_USDT_Perp	−0.0088%	8h	269.37	+0.078%	$393K	$17K	10x	as long as short
Extended BCH-USD	−0.0088%	1h	269.46	+0.111%	$121K	$1.1M	25x	as long as short
ApeX Omni BCHUSDTlong	−0.0082%	1h	269.16	long leg	$49K	$274K	50x

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BCHUSD	−0.0077%	1h	269.62	+0.171%	$906K	$2.4M	50x	as long as short
Bitget BCHUSDT	−0.0020%	8h	269.57	+0.152%	$19.2M	$25.6M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0003% / S +0.0007%	1h	269.51	+0.130%	$18K	—	150x	as long as short
Bybit BCHUSDT	−0.0003%	8h	269.60	+0.163%	$40.5M	$31.3M	75x	as long as short
Pacifica BCH	−0.0003%	1h	269.55	+0.144%	$152K	$274K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	269.56	+0.150%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.55	+0.145%	$1.0M	$8.8M	2.7x	as long as short
KuCoin BCHUSDTM	+0.0001%	8h	269.59	+0.160%	$8.8M	$5.5M	75x	as long as short
BingX BCH-USDC	+0.0010%	8h	269.67	+0.189%	—	$6.5M	—	as long as short
BloFin BCH-USDT	+0.0032%	8h	268.74	−0.156%	$3.6M	$5.6M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.386%	$721	$130K	12x	as long as short
Nado BCH-PERP	+0.0035%	1h	268.86	−0.111%	$456K	$385K	10x	as long as short
Aster BCHUSDT	+0.0036%	8h	269.55	+0.145%	$150K	$515K	75x	as long as short
Orderly PERP_BCH_USDC	+0.0037%	8h	269.40	+0.089%	$2K	$540	10x	as long as short
Lighter BCH	+0.0096%	1h	269.54	+0.141%	$396K	$406K	10x	as long as short
HTX BCH-USDT	+0.0097%	8h	269.76	+0.223%	$792K	$1.2M	75x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.73	+0.212%	$9.2M	$6.8M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.97	−0.069%	$19K	$347K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.99	−0.063%	$2K	$1.3M	30x	as long as short
Coinbase International BCH-PERP-INTX	+0.0184%	1h	269.63	+0.175%	$363K	$2.3M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0262% / S −0.0273%	1h	269.47	+0.116%	$17K	—	100x	as long as short
Deribit BCH_USDC-PERPETUALshort	+2.4751%	1h	276.29	+2.650%	$448K	$371K	25x