Funding you earn now, next payment 08:00 UTC−0.0255%/8h= −28.0% APRnext payment −$2.55 per $10,000 · paid last 24h −0.026%
Price spread now: Phemex against BingX−0.061%7-day average — · 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−$58as in the Price arb table
costs, in and out, $10k−$520.516% of the position
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Phemex is 0.061% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.105% in total (about -5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.55 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 | BingX BCH-USDC | 264.16 | −0.0028 | get 0.0028% / 8h | 4h 41m | — | $6.5M | — |
| Short | Phemex BCHUSDT | 264.00 | −0.0284 | pay 0.0284% / 8h | 4h 41m | $4.9M | $6.4M | 50x |
BingX BCH-USDC
Phemex BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BingX. 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
- −$53.66
- Price spread: −0.061% → 0.000%
- −$6.06
- Slippage, 4 orders
- −$29.59
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$111.3
- Costs to cover
- 0.516%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; Phemex: live order book, 3 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 BingX live order book, 9 min ago | 1.33 bp | 14.5 bp −$14 | 35.5 bp −$355 | 124.6 bp −$12.5K | 445.3 bp −$222.6K |
| Sell Phemex live order book, 3 min ago | 3.60 bp | 11.7 bp −$12 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX BCH-USDT | −0.0708% | 8h | 263.70 | −0.174% | $1K | $1.7M | 30x | as long as short |
| HTX BCH-USDT | −0.0319% | 8h | 263.95 | −0.079% | $770K | $1.4M | 75x | as long as short |
| Phemex BCHUSDTshort | −0.0284% | 8h | 264.00 | −0.061% | $4.9M | $6.4M | 50x | |
| SoDEX BCH-USD | −0.0268% | 1h | 264.05 | −0.042% | $2K | $8K | 10x | as long as short |
| Nado BCH-PERP | −0.0232% | 1h | 263.71 | −0.169% | $423K | $340K | 10x | as long as short |
| GRVT BCH_USDT_Perp | −0.0113% | 8h | 263.84 | −0.120% | $385K | $17K | 10x | as long as short |
| Extended BCH-USD | −0.0104% | 1h | 264.33 | +0.066% | $114K | $950K | 25x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0104% | 1h | 264.08 | −0.030% | $219K | $1.8M | 50x | as long as short |
| Binance BCHUSDT | −0.0103% | 8h | 264.41 | +0.093% | $72.0M | $213.6M | 75x | as long as short |
| MEXC BCH_USDT | −0.0103% | 8h | 264.51 | +0.132% | $70.0M | $7.5M | 200x | as long as short |
SunX BCH-USDT
HTX BCH-USDT
SoDEX BCH-USD
Nado BCH-PERP
GRVT BCH_USDT_Perp
Extended BCH-USD
Coinbase International BCH-PERP-INTX
Binance BCHUSDT
MEXC BCH_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BCH_USDT | −0.0096% | 8h | 264.17 | +0.004% | $8.3M | $13.5M | 75x | as long as short |
| KuCoin BCHUSDTM | −0.0095% | 8h | 263.93 | −0.087% | $8.5M | $7.1M | 75x | as long as short |
| OKX BCH-USDT-SWAP | −0.0094% | 8h | 264.30 | +0.053% | $24.9M | $74.3M | 50x | as long as short |
| Variational Omni BCH | −0.0086% | 8h | 263.90 | −0.098% | $81K | $201K | — | as long as short |
| Bitget BCHUSDT | −0.0078% | 8h | 264.34 | +0.068% | $19.0M | $28.1M | 75x | as long as short |
| ApeX Omni BCHUSDT | −0.0050% | 1h | 263.82 | −0.129% | $96K | $228K | 50x | as long as short |
| BingX BCH-USDClong | −0.0028% | 8h | 264.16 | long leg | — | $6.5M | — | |
| Bybit BCHUSDT | −0.0020% | 8h | 264.40 | +0.091% | $39.1M | $30.9M | 75x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 264.09 | −0.026% | $15K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 263.96 | −0.074% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 264.20 | +0.015% | $1.0M | $10.2M | 2.7x | as long as short |
| Deribit BCH_USDC-PERPETUAL | 0.0000% | 1h | 264.20 | +0.016% | $442K | $331K | 25x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0011% | 1h | 264.26 | +0.038% | $847K | $3.0M | 50x | as long as short |
| BloFin BCH-USDT | +0.0017% | 8h | 264.13 | −0.011% | $3.9M | $4.2M | 50x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +2.286% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0034% | 8h | 264.06 | −0.038% | $2K | $176 | 10x | as long as short |
| Pacifica BCH | +0.0077% | 1h | 263.84 | −0.121% | $160K | $306K | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 264.10 | −0.023% | $361K | $484K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 264.49 | +0.125% | $5.7M | $4.6M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 264.15 | −0.004% | $166K | $520K | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 264.10 | −0.023% | $19K | $288K | 20x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0356% / S −0.0525% | 1h | 264.07 | −0.033% | $25K | — | 100x | as long as short |
Gate BCH_USDT
KuCoin BCHUSDTM
OKX BCH-USDT-SWAP
Variational Omni BCH
Bitget BCHUSDT
ApeX Omni BCHUSDT
Bybit BCHUSDT
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Kalshi KXBCHPERP
Deribit BCH_USDC-PERPETUAL
Kraken Futures PF_BCHUSD
BloFin BCH-USDT
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
Pacifica BCH
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
edgeX BCHUSDC
GMX BCH/USD [WBTC.b-USDC]