BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0093%/8h= −10.1% APRnext payment −$0.12 per $10,000 · paid last 24h +0.068%

Price spread now: Coinbase International against Deribit+0.043%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.163%+$16 on $10k

Price spread, last 4 days (all we have)−0.115%−$12 · spread now +0.043%, 7d avg +0.008%

Together, before fees+0.047%+$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.035% dearer against Deribit than usual: you sell high and buy low (spread +0.043% now, against its 7-day average of +0.008%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 31 hours. Mind the row above: over the last 7 days funding on this pair paid +0.163%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BCH_USDC-PERPETUAL	263.97	−0.0011	get 0.0001% / 1h	42m 16s	$442K	$331K	25x
Short	Coinbase International BCH-PERP-INTX	264.08	−0.0104	pay 0.0013% / 1h	42m 16s	$219K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. 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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$19.46
Price spread: +0.043% → +0.008%: $3.54
Slippage, 4 orders: −$24.18
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$57.1
Costs to cover: 0.412%
Break-even: never at this rate

Slippage from Deribit: live order book, 16 min ago; Coinbase International: live order book, 1 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 Deribit live order book, 16 min ago	3.66 bp	7.2 bp −$7	13.6 bp −$136	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	5.49 bp	13.7 bp −$14	19.6 bp −$196	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	−0.0721%	8h	263.61	−0.135%	$2K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0323%	8h	263.94	−0.010%	$770K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0299%	1h	263.85	−0.044%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0291%	8h	263.85	−0.044%	$4.9M	$6.4M	50x	as long as short
Nado BCH-PERP	−0.0225%	1h	263.66	−0.117%	$420K	$339K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0113%	8h	263.84	−0.046%	$385K	$17K	10x	as long as short
Extended BCH-USD	−0.0104%	1h	263.73	−0.089%	$114K	$955K	25x	as long as short
MEXC BCH_USDT	−0.0104%	8h	264.26	+0.111%	$69.9M	$7.5M	200x	as long as short
Coinbase International BCH-PERP-INTXshort	−0.0104%	1h	264.08	+0.043%	$219K	$1.8M	50x
Binance BCHUSDT	−0.0103%	8h	263.90	−0.025%	$71.9M	$213.6M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0096%	8h	263.98	+0.005%	$8.3M	$13.5M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0095%	8h	263.70	−0.101%	$24.9M	$74.1M	50x	as long as short
KuCoin BCHUSDTM	−0.0094%	8h	264.00	+0.013%	$8.5M	$7.1M	75x	as long as short
Variational Omni BCH	−0.0085%	8h	263.60	−0.138%	$81K	$201K	—	as long as short
Bitget BCHUSDT	−0.0077%	8h	263.79	−0.067%	$19.0M	$28.1M	75x	as long as short
ApeX Omni BCHUSDT	−0.0050%	1h	263.82	−0.055%	$96K	$228K	50x	as long as short
BingX BCH-USDC	−0.0028%	8h	263.94	−0.010%	—	$6.5M	—	as long as short
Bybit BCHUSDT	−0.0021%	8h	263.80	−0.063%	$39.0M	$30.9M	75x	as long as short
Deribit BCH_USDC-PERPETUALlong	−0.0011%	1h	263.97	long leg	$442K	$331K	25x
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.03	+0.025%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.96	−0.001%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.08	+0.043%	$1.0M	$10.2M	2.7x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	264.00	+0.013%	$846K	$3.0M	50x	as long as short
BloFin BCH-USDT	+0.0016%	8h	264.05	+0.032%	$3.9M	$4.2M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.362%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0034%	8h	263.86	−0.040%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	263.84	−0.047%	$160K	$306K	10x	as long as short
Lighter BCH	+0.0096%	1h	263.87	−0.035%	$360K	$484K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.03	+0.024%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	264.03	+0.024%	$166K	$520K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.39	−0.217%	$19K	$291K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0356% / S −0.0525%	1h	263.99	+0.010%	$25K	—	100x	as long as short