Funding you earn now, next payment 00:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.29 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Bybit+0.146%82s7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$440.438% of the position
Funding, last 7 days+0.195%+$19 on $10k
+Price spread, last 3 days (all we have)−0.181%−$18 · spread now +0.146%, 7d avg +0.011%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.135% dearer against Bybit than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.011%. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BCHUSDT | 267.80 | −0.0002 | get 0.0002% / 8h | 2h 05m | $39.3M | $32.2M | 75x |
| Short | BloFin BCH-USDT | 268.19 | 0.0027 | get 0.0027% / 8h | 2h 05m | $4.0M | $4.1M | 50x |
Bybit BCHUSDT
BloFin BCH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- $6.07
- Price spread: +0.146% → +0.011%
- $13.51
- Slippage, 4 orders
- −$20.8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$24.22
- Costs to cover
- 0.438%
- Break-even
- 34.9 days
Slippage from Bybit: live order book, 3 min ago; BloFin: 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 Bybit live order book, 3 min ago | 1.86 bp | 11.2 bp −$11 | 25.7 bp −$257 | 69.9 bp −$6,991 | doesn't fit |
| Sell BloFin live order book, 2 min ago | 0.19 bp | 7.5 bp −$7 | 13.6 bp −$136 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit BCH_USDC-PERPETUAL | −0.0421% | 1h | 267.96 | +0.059% | $438K | $247K | 25x | as long as short |
| Injective BCH/USDC PERP | −0.0304% | 1h | 268.50 | +0.261% | $716 | $110K | 12x | as long as short |
| Phemex BCHUSDT | −0.0181% | 8h | 267.91 | +0.041% | $4.9M | $6.3M | 50x | as long as short |
| SoDEX BCH-USD | −0.0153% | 1h | 267.90 | +0.037% | $2K | $6K | 10x | as long as short |
| Extended BCH-USD | −0.0096% | 1h | 267.81 | +0.002% | $115K | $653K | 25x | as long as short |
| Binance BCHUSDT | −0.0093% | 8h | 267.86 | +0.021% | $73.9M | $229.4M | 75x | as long as short |
| MEXC BCH_USDT | −0.0092% | 8h | 268.56 | +0.284% | $71.1M | $6.4M | 200x | as long as short |
| Variational Omni BCH | −0.0070% | 8h | 268.14 | +0.128% | $85K | $291K | — | as long as short |
| Bitget BCHUSDT | −0.0035% | 8h | 267.90 | +0.037% | $19.9M | $29.0M | 75x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0024% | 1h | 268.88 | +0.403% | $242K | $2.1M | 50x | as long as short |
Deribit BCH_USDC-PERPETUAL
Injective BCH/USDC PERP
Phemex BCHUSDT
SoDEX BCH-USD
Extended BCH-USD
Binance BCHUSDT
MEXC BCH_USDT
Variational Omni BCH
Bitget BCHUSDT
Coinbase International BCH-PERP-INTXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BCH_USDT | −0.0023% | 8h | 267.92 | +0.045% | $8.4M | $14.5M | 75x | as long as short |
| GRVT BCH_USDT_Perp | −0.0016% | 8h | 268.59 | +0.294% | $391K | $17K | 10x | as long as short |
| Bybit BCHUSDTlong | −0.0002% | 8h | 267.80 | long leg | $39.3M | $32.2M | 75x | |
| dYdX BCH-USD | 0.0000% | 1h | 268.24 | +0.163% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 268.18 | +0.142% | $1.1M | $11.3M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 267.99 | +0.071% | $4K | — | 150x | as long as short |
| Orderly PERP_BCH_USDC | +0.0026% | 8h | 267.88 | +0.030% | $2K | $176 | 10x | as long as short |
| BloFin BCH-USDTshort | +0.0027% | 8h | 268.19 | +0.146% | $4.0M | $4.1M | 50x | |
| OKX BCH-USDT-SWAP | +0.0029% | 8h | 267.80 | 0.000% | $26.2M | $76.0M | 50x | as long as short |
| BingX BCH-USDT | +0.0029% | 8h | 267.95 | +0.056% | — | $32.0M | — | as long as short |
| Kraken Futures PF_BCHUSD | +0.0074% | 1h | 268.19 | +0.146% | $804K | $3.2M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 267.95 | +0.057% | $376K | $581K | 10x | as long as short |
| Nado BCH-PERP | +0.0100% | 1h | 267.78 | −0.008% | $438K | $425K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 268.23 | +0.161% | $6.0M | $4.1M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 268.03 | +0.084% | $235K | $666K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 267.96 | +0.060% | $169K | $455K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 267.96 | +0.060% | $8.9M | $7.9M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 268.56 | +0.285% | $19K | $289K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 268.79 | +0.370% | $73K | $214K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 267.76 | −0.015% | $1K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 267.93 | +0.049% | $771K | $1.6M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0372% / S −0.0574% | 1h | 268.05 | +0.093% | $26K | — | 100x | as long as short |
Gate BCH_USDT
GRVT BCH_USDT_Perp
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Orderly PERP_BCH_USDC
OKX BCH-USDT-SWAP
BingX BCH-USDT
Kraken Futures PF_BCHUSD
Lighter BCH
Nado BCH-PERP
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]