Funding you earn now, next payment 09:00 UTC−0.0267%/8h= −29.2% APRnext payment −$0.33 per $10,000 · paid last 24h −0.144%
Price spread now: Deribit against GMX−0.093%66s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Deribit is 0.093% cheaper against GMX than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 66 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 | GMX BCH/USD [WBTC.b-USDC] | 270.39 | L +0.0210% / S −0.0163% | pay 0.0026% / 1h | 0m 07s | $13K | — | 100x |
| Short | Deribit BCH_USDC-PERPETUAL | 270.14 | −0.0057 | pay 0.0007% / 1h | 0m 07s | $424K | $356K | 25x |
GMX BCH/USD [WBTC.b-USDC]
Deribit BCH_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against GMX. 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
- −$56.07
- Price spread: −0.093% → 0.000%
- −$9.26
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$84.33
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Deribit: live order book, 29 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 29 min ago | 4.32 bp | 7.8 bp −$8 | 13.1 bp −$131 | doesn't fit | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX BCH-USD | −0.0387% | 1h | 270.02 | −0.135% | $2K | $8K | 10x | as long as short |
| Phemex BCHUSDT | −0.0321% | 8h | 270.02 | −0.135% | $5.0M | $6.5M | 50x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0156% | 1h | 270.15 | −0.088% | $885K | $2.7M | 50x | as long as short |
| GRVT BCH_USDT_Perp | −0.0132% | 8h | 269.61 | −0.288% | $393K | $17K | 10x | as long as short |
| Variational Omni BCH | −0.0119% | 8h | 270.00 | −0.143% | $147K | $259K | — | as long as short |
| OKX BCH-USDT-SWAP | −0.0109% | 8h | 269.70 | −0.254% | $25.6M | $76.7M | 50x | as long as short |
| MEXC BCH_USDT | −0.0061% | 8h | 270.63 | +0.090% | $72.9M | $9.5M | 200x | as long as short |
| Binance BCHUSDT | −0.0060% | 8h | 269.79 | −0.222% | $74.0M | $205.2M | 75x | as long as short |
| Deribit BCH_USDC-PERPETUALshort | −0.0057% | 1h | 270.14 | −0.093% | $424K | $356K | 25x | |
| Bitget BCHUSDT | −0.0057% | 8h | 269.95 | −0.161% | $19.4M | $27.1M | 75x | as long as short |
SoDEX BCH-USD
Phemex BCHUSDT
Kraken Futures PF_BCHUSD
GRVT BCH_USDT_Perp
Variational Omni BCH
OKX BCH-USDT-SWAP
MEXC BCH_USDT
Binance BCHUSDT
Bitget BCHUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BCH-USD | −0.0056% | 1h | 269.91 | −0.175% | $121K | $921K | 25x | as long as short |
| KuCoin BCHUSDTM | −0.0046% | 8h | 270.12 | −0.098% | $8.5M | $6.0M | 75x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 270.16 | −0.084% | $15K | — | 150x | as long as short |
| Pacifica BCH | −0.0002% | 1h | 270.18 | −0.077% | $157K | $286K | 10x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 270.22 | −0.061% | $5K | $240 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 270.40 | +0.005% | $1.0M | $8.8M | 2.7x | as long as short |
| BingX BCH-USDC | +0.0004% | 8h | 269.98 | −0.150% | — | $6.5M | — | as long as short |
| Aster BCHUSDT | +0.0021% | 8h | 269.80 | −0.218% | $150K | $556K | 75x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | −0.069% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0044% | 8h | 269.98 | −0.150% | $2K | $540 | 10x | as long as short |
| Bybit BCHUSDT | +0.0044% | 8h | 269.82 | −0.209% | $40.0M | $31.3M | 75x | as long as short |
| Gate BCH_USDT | +0.0051% | 8h | 270.07 | −0.117% | $8.4M | $13.4M | 75x | as long as short |
| BloFin BCH-USDT | +0.0058% | 8h | 270.00 | −0.143% | $3.6M | $5.2M | 50x | as long as short |
| Nado BCH-PERP | +0.0070% | 1h | 270.03 | −0.133% | $460K | $379K | 10x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0088% | 1h | 270.88 | +0.183% | $348K | $2.1M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 270.22 | −0.060% | $395K | $514K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 270.19 | −0.073% | $5.9M | $4.6M | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 269.58 | −0.298% | $19K | $346K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 269.86 | −0.195% | $98K | $242K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 269.90 | −0.180% | $1K | $1.5M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 270.23 | −0.058% | $784K | $1.3M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC]long | L +0.0210% / S −0.0163% | 1h | 270.39 | long leg | $13K | — | 100x |
Extended BCH-USD
KuCoin BCHUSDTM
gTrade (Gains Network) BCH/USD
Pacifica BCH
dYdX BCH-USD
Kalshi KXBCHPERP
BingX BCH-USDC
Aster BCHUSDT
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
Bybit BCHUSDT
Gate BCH_USDT
BloFin BCH-USDT
Nado BCH-PERP
Coinbase International BCH-PERP-INTX
Lighter BCH
Hyperliquid BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT