BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0321%/8h= −35.1% APRnext payment −$3.21 per $10,000 · paid last 24h −0.024%

Price spread now: Phemex against Gate−0.248%49s7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as 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−$450.450% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.248%, 7d avg −0.002%

Together, before fees+0.031%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Phemex is 0.246% cheaper against Gate than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.002%). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.21 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	Gate BCH_USDT	265.98	−0.0125	get 0.0125% / 8h	5h 33m	$8.3M	$13.3M	75x
Short	Phemex BCHUSDT	265.32	−0.0446	pay 0.0446% / 8h	5h 33m	$4.9M	$6.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Gate. 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 GatebpFee PhemexbpOrdersPrice spread, now −0.248%Rate

Funding earned: −$67.39
Price spread: −0.248% → −0.002%: −$24.59
Slippage, 4 orders: −$17.99
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$136.97
Costs to cover: 0.450%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Phemex: live order book, 5 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, 5 min ago	0.19 bp	11.3 bp −$11	16.8 bp −$168	34.4 bp −$3,445	48.1 bp −$24.0K
Sell Phemex live order book, 5 min ago	1.32 bp	10.9 bp −$11	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	−0.1697%	8h	265.24	−0.278%	$1K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0528%	8h	265.15	−0.312%	$770K	$1.5M	75x	as long as short
Phemex BCHUSDTshort	−0.0446%	8h	265.32	−0.248%	$4.9M	$6.6M	50x
SoDEX BCH-USD	−0.0336%	1h	265.39	−0.222%	$2K	$8K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0167%	8h	265.87	−0.040%	$388K	$17K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0128%	1h	265.51	−0.177%	$226K	$1.8M	50x	as long as short
Gate BCH_USDTlong	−0.0125%	8h	265.98	long leg	$8.3M	$13.3M	75x
Nado BCH-PERP	−0.0124%	1h	265.85	−0.049%	$420K	$339K	10x	as long as short
MEXC BCH_USDT	−0.0113%	8h	266.36	+0.143%	$70.2M	$6.9M	200x	as long as short
Binance BCHUSDT	−0.0112%	8h	266.03	+0.017%	$72.5M	$214.5M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0112%	1h	265.72	−0.097%	$116K	$956K	25x	as long as short
Variational Omni BCH	−0.0109%	8h	265.60	−0.144%	$81K	$201K	—	as long as short
OKX BCH-USDT-SWAP	−0.0069%	8h	265.90	−0.030%	$25.3M	$74.1M	50x	as long as short
ApeX Omni BCHUSDT	−0.0069%	1h	265.81	−0.064%	$97K	$227K	50x	as long as short
Bybit BCHUSDT	−0.0061%	8h	265.95	−0.011%	$39.2M	$31.1M	75x	as long as short
KuCoin BCHUSDTM	−0.0060%	8h	265.86	−0.045%	$8.6M	$7.2M	75x	as long as short
Bitget BCHUSDT	−0.0058%	8h	265.88	−0.038%	$19.2M	$28.4M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0047%	1h	265.50	−0.182%	$445K	$311K	25x	as long as short
BingX BCH-USDC	−0.0044%	8h	265.98	0.000%	—	$6.5M	—	as long as short
Kraken Futures PF_BCHUSD	−0.0031%	1h	265.68	−0.113%	$852K	$3.0M	50x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	266.13	+0.055%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.85	−0.050%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.86	−0.045%	$1.1M	$10.3M	2.7x	as long as short
BloFin BCH-USDT	+0.0006%	8h	265.92	−0.023%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0021%	1h	265.80	−0.068%	$162K	$322K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0033%	8h	265.95	−0.011%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.587%	$721	$130K	12x	as long as short
Lighter BCH	+0.0096%	1h	265.68	−0.115%	$366K	$477K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.26	+0.105%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.81	−0.063%	$168K	$519K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.65	−0.123%	$19K	$292K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0357% / S −0.0525%	1h	266.08	+0.036%	$25K	—	100x	as long as short