Funding you earn now, next payment 00:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h −0.005%
Price spread now: Coinbase International against Binance+0.161%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$430.434% of the position
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 3 days (all we have)−0.258%−$26 · spread now +0.161%, 7d avg +0.037%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.124% dearer against Binance than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.037%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BCHUSDT | 269.01 | −0.0073 | get 0.0073% / 8h | 7h 07m | $72.8M | $229.3M | 75x |
| Short | Coinbase International BCH-PERP-INTX | 269.44 | −0.0056 | pay 0.0007% / 1h | 7m 00s | $231K | $2.0M | 50x |
Binance BCHUSDT
Coinbase International BCH-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Binance. 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
- $3.65
- Price spread: +0.161% → +0.037%
- $12.38
- Slippage, 4 orders
- −$23.4
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$27.37
- Costs to cover
- 0.434%
- Break-even
- 59.5 days
Slippage from Binance: live order book, 7 min ago; Coinbase International: live order book, 2 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 Binance live order book, 7 min ago | 0.19 bp | 7.6 bp −$8 | 13.7 bp −$137 | 21.3 bp −$2,131 | 117.3 bp −$58.7K |
| Sell Coinbase International live order book, 2 min ago | 5.94 bp | 13.2 bp −$13 | 18.9 bp −$189 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX BCH-USD | −0.0544% | 1h | 269.19 | +0.068% | $2K | $6K | 10x | as long as short |
| Phemex BCHUSDT | −0.0528% | 8h | 269.19 | +0.068% | $4.9M | $6.5M | 50x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0522% | 1h | 269.36 | +0.130% | $455K | $266K | 25x | as long as short |
| GRVT BCH_USDT_Perp | −0.0187% | 8h | 269.71 | +0.263% | $393K | $17K | 10x | as long as short |
| ApeX Omni BCHUSDT | −0.0170% | 1h | 269.64 | +0.235% | $73K | $214K | 50x | as long as short |
| Gate BCH_USDT | −0.0168% | 8h | 269.17 | +0.060% | $8.4M | $14.3M | 75x | as long as short |
| Variational Omni BCH | −0.0126% | 8h | 269.21 | +0.074% | $83K | $285K | — | as long as short |
| Binance BCHUSDTlong | −0.0073% | 8h | 269.01 | long leg | $72.8M | $229.3M | 75x | |
| Extended BCH-USD | −0.0072% | 1h | 268.93 | −0.029% | $117K | $961K | 25x | as long as short |
| MEXC BCH_USDT | −0.0071% | 8h | 269.59 | +0.217% | $70.7M | $6.7M | 200x | as long as short |
SoDEX BCH-USD
Phemex BCHUSDT
Deribit BCH_USDC-PERPETUAL
GRVT BCH_USDT_Perp
ApeX Omni BCHUSDT
Gate BCH_USDT
Variational Omni BCH
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-INTXshort | −0.0056% | 1h | 269.44 | +0.161% | $231K | $2.0M | 50x | |
| Kraken Futures PF_BCHUSD | −0.0049% | 1h | 269.51 | +0.185% | $858K | $3.1M | 50x | as long as short |
| Bybit BCHUSDT | −0.0034% | 8h | 269.10 | +0.034% | $39.8M | $32.5M | 75x | as long as short |
| Bitget BCHUSDT | −0.0026% | 8h | 269.15 | +0.053% | $19.3M | $29.2M | 75x | as long as short |
| OKX BCH-USDT-SWAP | −0.0008% | 8h | 268.90 | −0.040% | $26.1M | $76.2M | 50x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0003% / S +0.0007% | 1h | 269.49 | +0.179% | $7K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 269.62 | +0.226% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 269.63 | +0.231% | $1.1M | $10.8M | 2.7x | as long as short |
| BingX BCH-USDT | +0.0001% | 8h | 269.17 | +0.060% | — | $32.3M | — | as long as short |
| Orderly PERP_BCH_USDC | +0.0030% | 8h | 269.24 | +0.086% | $2K | $176 | 10x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +0.443% | $721 | $130K | 12x | as long as short |
| Nado BCH-PERP | +0.0041% | 1h | 269.32 | +0.116% | $437K | $419K | 10x | as long as short |
| BloFin BCH-USDT | +0.0047% | 8h | 269.22 | +0.079% | $4.0M | $4.3M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 269.30 | +0.110% | $371K | $530K | 10x | as long as short |
| HTX BCH-USDT | +0.0098% | 8h | 269.23 | +0.083% | $782K | $1.6M | 75x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 269.60 | +0.220% | $6.6M | $4.6M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 269.23 | +0.082% | $177K | $658K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 269.36 | +0.131% | $164K | $407K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 269.21 | +0.075% | $8.8M | $7.6M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 269.58 | +0.214% | $19K | $291K | 20x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 269.01 | +0.001% | $2K | $1.9M | 30x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0335% / S −0.0451% | 1h | 269.41 | +0.152% | $25K | — | 100x | as long as short |
Kraken Futures PF_BCHUSD
Bybit BCHUSDT
Bitget BCHUSDT
OKX BCH-USDT-SWAP
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Kalshi KXBCHPERP
BingX BCH-USDT
Orderly PERP_BCH_USDC
Injective BCH/USDC PERP
Nado BCH-PERP
BloFin BCH-USDT
Lighter BCH
HTX BCH-USDT
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
SunX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]