Funding you earn now, next payment 08:00 UTC−0.0095%/8h= −10.5% APRnext payment −$0.95 per $10,000 · paid last 24h −0.031%
Price spread now: Phemex against KuCoin−0.008%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$610.608% of the position
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.008%, 7d avg −0.018%
=The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BCHUSDTM | 265.87 | −0.0087 | get 0.0087% / 8h | 2h 06m | $8.5M | $6.8M | 75x |
| Short | Phemex BCHUSDT | 265.85 | −0.0182 | pay 0.0182% / 8h | 2h 06m | $5.0M | $6.6M | 50x |
KuCoin BCHUSDTM
Phemex BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against KuCoin. 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
- −$20.04
- Price spread: −0.008% → −0.018%
- $1.03
- Slippage, 4 orders
- −$36.84
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$79.85
- Costs to cover
- 0.608%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Phemex: 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 KuCoin live order book, 2 min ago | 1.13 bp | 21.1 bp −$21 | 57.1 bp −$571 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 2.63 bp | 11.1 bp −$11 | 18.6 bp −$186 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX BCH-USD | −0.0222% | 1h | 265.85 | −0.008% | $2K | $8K | 10x | as long as short |
| HTX BCH-USDT | −0.0192% | 8h | 265.89 | +0.008% | $775K | $1.4M | 75x | as long as short |
| Phemex BCHUSDTshort | −0.0182% | 8h | 265.85 | −0.008% | $5.0M | $6.6M | 50x | |
| Bitget BCHUSDT | −0.0095% | 8h | 265.93 | +0.023% | $19.0M | $28.6M | 75x | as long as short |
| KuCoin BCHUSDTMlong | −0.0087% | 8h | 265.87 | long leg | $8.5M | $6.8M | 75x | |
| Variational Omni BCH | −0.0068% | 8h | 265.30 | −0.213% | $81K | $196K | — | as long as short |
| OKX BCH-USDT-SWAP | −0.0063% | 8h | 265.90 | +0.011% | $25.4M | $78.4M | 50x | as long as short |
| Extended BCH-USD | −0.0040% | 1h | 265.78 | −0.035% | $115K | $1.1M | 25x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0040% | 1h | 265.91 | +0.015% | $221K | $1.9M | 50x | as long as short |
| MEXC BCH_USDT | −0.0038% | 8h | 266.13 | +0.098% | $70.9M | $8.4M | 200x | as long as short |
SoDEX BCH-USD
HTX BCH-USDT
Bitget BCHUSDT
Variational Omni BCH
OKX BCH-USDT-SWAP
Extended BCH-USD
Coinbase International BCH-PERP-INTX
MEXC BCH_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BCHUSDT | −0.0038% | 8h | 265.93 | +0.023% | $73.3M | $220.9M | 75x | as long as short |
| SunX BCH-USDT | −0.0034% | 8h | 265.73 | −0.053% | $2K | $1.7M | 30x | as long as short |
| Nado BCH-PERP | −0.0034% | 1h | 265.85 | −0.008% | $438K | $355K | 10x | as long as short |
| Bybit BCHUSDT | −0.0021% | 8h | 265.83 | −0.015% | $39.1M | $31.8M | 75x | as long as short |
| BingX BCH-USDC | −0.0017% | 8h | 265.89 | +0.008% | — | $6.5M | — | as long as short |
| GRVT BCH_USDT_Perp | −0.0006% | 8h | 265.54 | −0.123% | $387K | $17K | 10x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 265.97 | +0.038% | $15K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 265.83 | −0.017% | $5K | $240 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 265.86 | −0.004% | $988K | $10.5M | 2.7x | as long as short |
| Deribit BCH_USDC-PERPETUAL | 0.0000% | 1h | 266.04 | +0.065% | $443K | $333K | 25x | as long as short |
| Gate BCH_USDT | +0.0032% | 8h | 265.86 | −0.004% | $8.4M | $13.9M | 75x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +1.629% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0046% | 8h | 265.97 | +0.038% | $2K | $176 | 10x | as long as short |
| Aster BCHUSDT | +0.0071% | 8h | 265.92 | +0.019% | $150K | $564K | 75x | as long as short |
| BloFin BCH-USDT | +0.0082% | 8h | 265.80 | −0.026% | $3.9M | $4.5M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 265.76 | −0.041% | $354K | $498K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 265.91 | +0.015% | $5.7M | $4.7M | 10x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 265.73 | −0.053% | $159K | $312K | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 265.38 | −0.186% | $18K | $345K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 265.63 | −0.090% | $95K | $237K | 50x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0179% | 1h | 265.98 | +0.043% | $850K | $3.0M | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0202% / S −0.0147% | 1h | 266.05 | +0.069% | $12K | — | 100x | as long as short |
Binance BCHUSDT
SunX BCH-USDT
Nado BCH-PERP
Bybit BCHUSDT
BingX BCH-USDC
GRVT BCH_USDT_Perp
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Kalshi KXBCHPERP
Deribit BCH_USDC-PERPETUAL
Gate BCH_USDT
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
Aster BCHUSDT
BloFin BCH-USDT
Lighter BCH
Hyperliquid BCH
Pacifica BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
Kraken Futures PF_BCHUSD
GMX BCH/USD [WBTC.b-USDC]