Funding you earn now, next payment 08:00 UTC−0.0409%/8h= −44.8% APRnext payment −$4.09 per $10,000 · paid last 24h −0.034%
Price spread now: Phemex against Aster−0.064%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$450.452% of the position
Funding, last 7 days−0.166%−$17 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.064%, 7d avg −0.024%
=Together, before fees−0.195%+ Points / potential airdropAster: Stage 5 · farm board−$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Phemex is 0.040% cheaper against Aster than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.024%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.166% in total (about -8.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.09 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 | Aster BCHUSDT | 264.15 | 0.0100 | pay 0.0100% / 8h | 4h 42m | $166K | $520K | 75x |
| Short | Phemex BCHUSDT | 263.98 | −0.0309 | pay 0.0309% / 8h | 4h 42m | $4.9M | $6.4M | 50x |
Aster BCHUSDT
Phemex BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Aster. 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
- −$85.87
- Price spread: −0.064% → −0.024%
- −$4.04
- Slippage, 4 orders
- −$25.21
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$135.11
- Costs to cover
- 0.452%
- Break-even
- never at this rate
Slippage from Aster: live order book, 15 min ago; Phemex: live order book, 6 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 Aster live order book, 15 min ago | 5.86 bp | 10.1 bp −$10 | 24.6 bp −$246 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 2.85 bp | 12.7 bp −$13 | 20.2 bp −$202 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX BCH-USDT | −0.0733% | 8h | 263.97 | −0.068% | $2K | $1.7M | 30x | as long as short |
| HTX BCH-USDT | −0.0324% | 8h | 264.35 | +0.076% | $771K | $1.4M | 75x | as long as short |
| Phemex BCHUSDTshort | −0.0309% | 8h | 263.98 | −0.064% | $4.9M | $6.4M | 50x | |
| SoDEX BCH-USD | −0.0305% | 1h | 263.95 | −0.076% | $2K | $8K | 10x | as long as short |
| Nado BCH-PERP | −0.0225% | 1h | 264.05 | −0.038% | $420K | $338K | 10x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0129% | 1h | 264.05 | −0.039% | $442K | $331K | 25x | as long as short |
| GRVT BCH_USDT_Perp | −0.0113% | 8h | 263.84 | −0.116% | $385K | $17K | 10x | as long as short |
| Binance BCHUSDT | −0.0104% | 8h | 263.89 | −0.098% | $71.9M | $213.5M | 75x | as long as short |
| Extended BCH-USD | −0.0104% | 1h | 263.67 | −0.184% | $114K | $955K | 25x | as long as short |
| MEXC BCH_USDT | −0.0104% | 8h | 264.22 | +0.027% | $69.9M | $7.5M | 200x | as long as short |
SunX BCH-USDT
HTX BCH-USDT
SoDEX BCH-USD
Nado BCH-PERP
Deribit BCH_USDC-PERPETUAL
GRVT BCH_USDT_Perp
Binance BCHUSDT
Extended BCH-USD
MEXC BCH_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BCH-PERP-INTX | −0.0104% | 1h | 264.08 | −0.027% | $219K | $1.8M | 50x | as long as short |
| OKX BCH-USDT-SWAP | −0.0094% | 8h | 263.70 | −0.170% | $24.9M | $74.1M | 50x | as long as short |
| Gate BCH_USDT | −0.0093% | 8h | 264.06 | −0.034% | $8.3M | $13.5M | 75x | as long as short |
| KuCoin BCHUSDTM | −0.0092% | 8h | 263.90 | −0.095% | $8.5M | $7.1M | 75x | as long as short |
| Variational Omni BCH | −0.0085% | 8h | 263.60 | −0.208% | $81K | $201K | — | as long as short |
| Bitget BCHUSDT | −0.0077% | 8h | 263.75 | −0.151% | $19.0M | $28.1M | 75x | as long as short |
| ApeX Omni BCHUSDT | −0.0050% | 1h | 263.82 | −0.125% | $96K | $228K | 50x | as long as short |
| BingX BCH-USDT | −0.0026% | 8h | 263.98 | −0.064% | — | $32.1M | — | as long as short |
| Bybit BCHUSDT | −0.0022% | 8h | 263.89 | −0.098% | $39.0M | $30.9M | 75x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 264.18 | +0.012% | $15K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 264.55 | +0.152% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 264.53 | +0.144% | $1.0M | $10.2M | 2.7x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0011% | 1h | 264.16 | +0.002% | $846K | $3.0M | 50x | as long as short |
| BloFin BCH-USDT | +0.0016% | 8h | 264.05 | −0.038% | $3.9M | $4.2M | 50x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +2.290% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0034% | 8h | 263.94 | −0.080% | $2K | $176 | 10x | as long as short |
| Pacifica BCH | +0.0077% | 1h | 264.36 | +0.078% | $161K | $306K | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 263.99 | −0.061% | $360K | $484K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 264.18 | +0.011% | $5.7M | $4.6M | 10x | as long as short |
| Aster BCHUSDTlong | +0.0100% | 8h | 264.15 | long leg | $166K | $520K | 75x | |
| edgeX BCHUSDC | +0.0100% | 4h | 263.39 | −0.286% | $19K | $291K | 20x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0356% / S −0.0525% | 1h | 264.17 | +0.007% | $25K | — | 100x | as long as short |
Coinbase International BCH-PERP-INTX
OKX BCH-USDT-SWAP
Gate BCH_USDT
KuCoin BCHUSDTM
Variational Omni BCH
Bitget BCHUSDT
ApeX Omni BCHUSDT
BingX BCH-USDT
Bybit BCHUSDT
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Kalshi KXBCHPERP
Kraken Futures PF_BCHUSD
BloFin BCH-USDT
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
Pacifica BCH
Lighter BCH
Hyperliquid BCH
edgeX BCHUSDC
GMX BCH/USD [WBTC.b-USDC]