Funding you earn now, next payment 08:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.60 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Gate−0.121%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$440.443% of the position
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 7 days+0.123%+$12 · spread now −0.121%, 7d avg −0.030%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.091% cheaper against Gate than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.030%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BCH_USDT | 265.52 | −0.0043 | get 0.0043% / 8h | 3h 49m | $8.3M | $13.6M | 75x |
| Short | OKX BCH-USDT-SWAP | 265.20 | −0.0103 | pay 0.0103% / 8h | 3h 49m | $25.1M | $76.3M | 50x |
Gate BCH_USDT
OKX BCH-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- −$12.65
- Price spread: −0.121% → −0.030%
- −$9.06
- Slippage, 4 orders
- −$19.26
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$65.97
- Costs to cover
- 0.443%
- Break-even
- never at this rate
Slippage from Gate: live order book, 4 min ago; OKX: 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 Gate live order book, 4 min ago | 2.44 bp | 12.2 bp −$12 | 16.2 bp −$162 | 31.4 bp −$3,135 | 43.1 bp −$21.5K |
| Sell OKX live order book, 4 min ago | 1.88 bp | 8.3 bp −$8 | 16.9 bp −$169 | 98.5 bp −$9,853 | 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 | −0.0290% | 8h | 265.37 | −0.056% | $2K | $1.7M | 30x | as long as short |
| Phemex BCHUSDT | −0.0264% | 8h | 265.48 | −0.015% | $4.9M | $6.4M | 50x | as long as short |
| HTX BCH-USDT | −0.0232% | 8h | 265.48 | −0.015% | $774K | $1.4M | 75x | as long as short |
| Nado BCH-PERP | −0.0167% | 1h | 265.57 | +0.019% | $428K | $345K | 10x | as long as short |
| SoDEX BCH-USD | −0.0149% | 1h | 265.36 | −0.060% | $2K | $8K | 10x | as long as short |
| OKX BCH-USDT-SWAPshort | −0.0103% | 8h | 265.20 | −0.121% | $25.1M | $76.3M | 50x | |
| KuCoin BCHUSDTM | −0.0084% | 8h | 265.42 | −0.038% | $8.5M | $7.0M | 75x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0081% | 1h | 265.39 | −0.049% | $444K | $332K | 25x | as long as short |
| Binance BCHUSDT | −0.0081% | 8h | 265.36 | −0.060% | $72.0M | $215.4M | 75x | as long as short |
| MEXC BCH_USDT | −0.0081% | 8h | 265.76 | +0.090% | $70.3M | $7.9M | 200x | as long as short |
SunX BCH-USDT
Phemex BCHUSDT
HTX BCH-USDT
Nado BCH-PERP
SoDEX BCH-USD
KuCoin BCHUSDTM
Deribit BCH_USDC-PERPETUAL
Binance BCHUSDT
MEXC BCH_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BCH-USD | −0.0080% | 1h | 265.18 | −0.129% | $112K | $958K | 25x | as long as short |
| Bitget BCHUSDT | −0.0078% | 8h | 265.42 | −0.038% | $19.0M | $28.2M | 75x | as long as short |
| Variational Omni BCH | −0.0068% | 8h | 265.90 | +0.144% | $82K | $197K | — | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0064% | 1h | 265.45 | −0.026% | $217K | $1.8M | 50x | as long as short |
| GRVT BCH_USDT_Perp | −0.0054% | 8h | 266.56 | +0.394% | $389K | $17K | 10x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0051% | 1h | 265.57 | +0.018% | $853K | $3.0M | 50x | as long as short |
| Gate BCH_USDTlong | −0.0043% | 8h | 265.52 | long leg | $8.3M | $13.6M | 75x | |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 265.53 | +0.003% | $15K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 265.75 | +0.086% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 265.84 | +0.121% | $1.0M | $10.4M | 2.7x | as long as short |
| Bybit BCHUSDT | +0.0008% | 8h | 265.30 | −0.083% | $39.2M | $31.2M | 75x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +1.763% | $721 | $130K | 12x | as long as short |
| BloFin BCH-USDT | +0.0038% | 8h | 265.91 | +0.147% | $3.9M | $4.3M | 50x | as long as short |
| Orderly PERP_BCH_USDC | +0.0043% | 8h | 265.34 | −0.068% | $2K | $176 | 10x | as long as short |
| BingX BCH-USDC | +0.0050% | 8h | 265.45 | −0.026% | — | $6.5M | — | as long as short |
| Aster BCHUSDT | +0.0093% | 8h | 265.61 | +0.033% | $154K | $541K | 75x | as long as short |
| Lighter BCH | +0.0096% | 1h | 265.49 | −0.012% | $358K | $488K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 265.68 | +0.061% | $5.7M | $4.6M | 10x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 265.66 | +0.053% | $160K | $303K | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 266.21 | +0.262% | $19K | $289K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 266.45 | +0.350% | $97K | $233K | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0358% / S −0.0530% | 1h | 265.47 | −0.017% | $25K | — | 100x | as long as short |
Extended BCH-USD
Bitget BCHUSDT
Variational Omni BCH
Coinbase International BCH-PERP-INTX
GRVT BCH_USDT_Perp
Kraken Futures PF_BCHUSD
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Kalshi KXBCHPERP
Bybit BCHUSDT
Injective BCH/USDC PERP
BloFin BCH-USDT
Orderly PERP_BCH_USDC
BingX BCH-USDC
Aster BCHUSDT
Lighter BCH
Hyperliquid BCH
Pacifica BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
GMX BCH/USD [WBTC.b-USDC]