BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0339%/8h= −37.1% APRnext payment −$3.39 per $10,000 · paid last 24h −0.018%

Price spread now: Phemex against Binance−0.140%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on Binance Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.109%+$11 · spread now −0.140%, 7d avg +0.007%

Together, before fees+0.107%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Phemex is 0.147% cheaper against Binance than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.007%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.002% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.39 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	Binance BCHUSDT	265.11	−0.0110	get 0.0110% / 8h	5h 59m	$71.7M	$216.4M	75x
Short	Phemex BCHUSDT	264.74	−0.0449	pay 0.0449% / 8h	5h 59m	$4.9M	$6.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Binance. 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 BinancebpFee PhemexbpOrdersPrice spread, now −0.140%Rate

Funding earned: −$71.12
Price spread: −0.140% → +0.007%: −$14.69
Slippage, 4 orders: −$12.98
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$120.78
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Phemex: live order book, 4 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, 14 min ago	0.19 bp	7.8 bp −$8	14.8 bp −$148	37.3 bp −$3,733	135.6 bp −$67.8K
Sell Phemex live order book, 4 min ago	1.32 bp	10.1 bp −$10	16.8 bp −$168	doesn't fit	doesn't fit

BCH on 31 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	−0.1644%	8h	264.83	−0.106%	$1K	$1.7M	30x	as long as short
SoDEX BCH-USD	−0.0516%	1h	264.77	−0.128%	$2K	$8K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0504%	1h	264.88	−0.089%	$448K	$254K	25x	as long as short
HTX BCH-USDT	−0.0482%	8h	264.75	−0.136%	$775K	$1.5M	75x	as long as short
Phemex BCHUSDTshort	−0.0449%	8h	264.74	−0.140%	$4.9M	$6.6M	50x
Kraken Futures PF_BCHUSD	−0.0300%	1h	265.08	−0.013%	$850K	$3.0M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0194%	8h	265.15	+0.017%	$387K	$17K	10x	as long as short
Gate BCH_USDT	−0.0119%	8h	265.09	−0.008%	$8.4M	$13.6M	75x	as long as short
Extended BCH-USD	−0.0112%	1h	264.79	−0.122%	$112K	$953K	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0112%	1h	265.20	+0.034%	$231K	$1.8M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDTlong	−0.0110%	8h	265.11	long leg	$71.7M	$216.4M	75x
MEXC BCH_USDT	−0.0110%	8h	265.17	+0.023%	$70.0M	$7.1M	200x	as long as short
ApeX Omni BCHUSDT	−0.0110%	1h	265.16	+0.019%	$97K	$226K	50x	as long as short
Variational Omni BCH	−0.0109%	8h	265.00	−0.040%	$81K	$201K	—	as long as short
Nado BCH-PERP	−0.0088%	1h	264.85	−0.098%	$419K	$346K	10x	as long as short
OKX BCH-USDT-SWAP	−0.0066%	8h	265.10	−0.004%	$25.2M	$74.3M	50x	as long as short
Bybit BCHUSDT	−0.0056%	8h	265.10	−0.004%	$39.2M	$31.4M	75x	as long as short
Bitget BCHUSDT	−0.0050%	8h	265.12	+0.004%	$19.0M	$28.4M	75x	as long as short
BingX BCH-USDC	−0.0040%	8h	265.01	−0.038%	—	$6.5M	—	as long as short
KuCoin BCHUSDTM	−0.0014%	8h	264.91	−0.075%	$8.6M	$7.3M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	265.40	+0.108%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.33	+0.083%	$1.1M	$10.2M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.02	−0.032%	$4K	—	150x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.920%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0034%	8h	264.78	−0.124%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0040%	1h	265.06	−0.018%	$161K	$379K	10x	as long as short
Lighter BCH	+0.0096%	1h	264.82	−0.109%	$365K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.32	+0.079%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	264.88	−0.087%	$168K	$519K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.13	+0.007%	$19K	$292K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	264.97	−0.052%	$25K	—	100x	as long as short