Funding you earn now, next payment 00:00 UTC−0.0163%/8h= −17.8% APRnext payment −$1.63 per $10,000 · paid last 24h −0.021%
Price spread now: Phemex against Bitget0.000%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$440.438% of the position
Funding, last 7 days−0.025%−$2 on $10k
+Price spread, last 3 days (all we have)−0.059%−$6 · spread now 0.000%, 7d avg +0.015%
=The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget BCHUSDT | 268.88 | −0.0043 | get 0.0043% / 8h | 2h 22m | $19.9M | $28.9M | 75x |
| Short | Phemex BCHUSDT | 268.88 | −0.0206 | pay 0.0206% / 8h | 2h 22m | $4.9M | $6.3M | 50x |
Bitget BCHUSDT
Phemex BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bitget. 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
- −$34.21
- Price spread: 0.000% → +0.015%
- −$1.46
- Slippage, 4 orders
- −$19.8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$79.47
- Costs to cover
- 0.438%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Phemex: 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 Bitget live order book, 2 min ago | 0.74 bp | 9.3 bp −$9 | 10.0 bp −$100 | 38.4 bp −$3,837 | doesn't fit |
| Sell Phemex live order book, 2 min ago | 0.19 bp | 7.6 bp −$8 | 17.8 bp −$178 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective BCH/USDC PERP | −0.0304% | 1h | 268.50 | −0.141% | $716 | $110K | 12x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0281% | 1h | 269.00 | +0.046% | $440K | $247K | 25x | as long as short |
| Phemex BCHUSDTshort | −0.0206% | 8h | 268.88 | 0.000% | $4.9M | $6.3M | 50x | |
| SoDEX BCH-USD | −0.0133% | 1h | 268.89 | +0.004% | $2K | $6K | 10x | as long as short |
| MEXC BCH_USDT | −0.0105% | 8h | 269.55 | +0.249% | $71.5M | $6.4M | 200x | as long as short |
| Extended BCH-USD | −0.0104% | 1h | 268.82 | −0.023% | $105K | $643K | 25x | as long as short |
| Binance BCHUSDT | −0.0104% | 8h | 268.88 | 0.000% | $74.1M | $229.3M | 75x | as long as short |
| Variational Omni BCH | −0.0076% | 8h | 268.64 | −0.089% | $85K | $291K | — | as long as short |
| Bitget BCHUSDTlong | −0.0043% | 8h | 268.88 | long leg | $19.9M | $28.9M | 75x | |
| GRVT BCH_USDT_Perp | −0.0038% | 8h | 268.15 | −0.271% | $391K | $17K | 10x | as long as short |
Injective BCH/USDC PERP
Deribit BCH_USDC-PERPETUAL
SoDEX BCH-USD
MEXC BCH_USDT
Extended BCH-USD
Binance BCHUSDT
Variational Omni BCH
GRVT BCH_USDT_PerpShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BCHUSDT | −0.0031% | 8h | 268.90 | +0.007% | $39.5M | $32.1M | 75x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0024% | 1h | 268.82 | −0.022% | $246K | $2.1M | 50x | as long as short |
| Gate BCH_USDT | −0.0018% | 8h | 268.89 | +0.004% | $8.4M | $14.4M | 75x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 268.96 | +0.029% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 269.49 | +0.227% | $1.1M | $11.3M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 269.01 | +0.048% | $4K | — | 150x | as long as short |
| BingX BCH-USDC | +0.0002% | 8h | 268.97 | +0.033% | — | $6.5M | — | as long as short |
| BloFin BCH-USDT | +0.0014% | 8h | 268.82 | −0.022% | $4.0M | $4.1M | 50x | as long as short |
| OKX BCH-USDT-SWAP | +0.0014% | 8h | 268.90 | +0.007% | $26.4M | $76.2M | 50x | as long as short |
| Orderly PERP_BCH_USDC | +0.0028% | 8h | 268.89 | +0.004% | $2K | $176 | 10x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0074% | 1h | 269.19 | +0.114% | $807K | $3.2M | 50x | as long as short |
| Nado BCH-PERP | +0.0093% | 1h | 268.72 | −0.060% | $440K | $425K | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 268.96 | +0.030% | $377K | $581K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 269.10 | +0.082% | $6.0M | $4.1M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 268.92 | +0.016% | $235K | $660K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 268.86 | −0.007% | $170K | $461K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 268.96 | +0.030% | $8.9M | $8.0M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 268.14 | −0.276% | $19K | $288K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 268.22 | −0.245% | $73K | $213K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 268.75 | −0.048% | $2K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 268.67 | −0.078% | $774K | $1.6M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0373% / S −0.0574% | 1h | 269.02 | +0.053% | $26K | — | 100x | as long as short |
Bybit BCHUSDT
Coinbase International BCH-PERP-INTX
Gate BCH_USDT
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
BingX BCH-USDC
BloFin BCH-USDT
OKX BCH-USDT-SWAP
Orderly PERP_BCH_USDC
Kraken Futures PF_BCHUSD
Nado BCH-PERP
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]