Funding you earn now, next payment 22:00 UTC−0.0450%/8h= −49.3% APRpaid last 24h −0.081%
Price spread now: Deribit against OKX+0.059%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$410.411% of the position
Funding, last 7 days−0.170%−$17 on $10k
+Price spread, last 3 days (all we have)−0.105%−$10 · spread now +0.059%, 7d avg +0.047%
=The price spread sits at its 7-day average of +0.047%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.170% in total (about -8.9% a year). A funding rate is set anew for every payment. 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 | OKX BCH-USDT-SWAP | 267.80 | 0.0029 | pay 0.0029% / 8h | 2h 05m | $26.2M | $76.0M | 50x |
| Short | Deribit BCH_USDC-PERPETUAL | 267.96 | −0.0421 | pay 0.0053% / 1h | 5m 55s | $438K | $247K | 25x |
OKX BCH-USDT-SWAP
Deribit BCH_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against OKX. 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
- −$94.48
- Price spread: +0.059% → +0.047%
- $1.14
- Slippage, 4 orders
- −$24.11
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$134.46
- Costs to cover
- 0.411%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Deribit: live order book, 18 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 OKX live order book, 3 min ago | 1.86 bp | 9.3 bp −$9 | 21.0 bp −$210 | 95.2 bp −$9,524 | doesn't fit |
| Sell Deribit live order book, 18 min ago | 4.01 bp | 7.5 bp −$8 | 17.7 bp −$177 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit BCH_USDC-PERPETUALshort | −0.0421% | 1h | 267.96 | +0.059% | $438K | $247K | 25x | |
| Injective BCH/USDC PERP | −0.0304% | 1h | 268.50 | +0.261% | $716 | $110K | 12x | as long as short |
| Phemex BCHUSDT | −0.0181% | 8h | 267.91 | +0.041% | $4.9M | $6.3M | 50x | as long as short |
| SoDEX BCH-USD | −0.0153% | 1h | 267.90 | +0.037% | $2K | $6K | 10x | as long as short |
| Extended BCH-USD | −0.0096% | 1h | 267.81 | +0.002% | $115K | $653K | 25x | as long as short |
| Binance BCHUSDT | −0.0093% | 8h | 267.86 | +0.021% | $73.9M | $229.4M | 75x | as long as short |
| MEXC BCH_USDT | −0.0092% | 8h | 268.56 | +0.284% | $71.1M | $6.4M | 200x | as long as short |
| Variational Omni BCH | −0.0070% | 8h | 268.14 | +0.128% | $85K | $291K | — | as long as short |
| Bitget BCHUSDT | −0.0035% | 8h | 267.90 | +0.037% | $19.9M | $29.0M | 75x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0024% | 1h | 268.88 | +0.403% | $242K | $2.1M | 50x | as long as short |
Injective BCH/USDC PERP
Phemex BCHUSDT
SoDEX BCH-USD
Extended BCH-USD
Binance BCHUSDT
MEXC BCH_USDT
Variational Omni BCH
Bitget BCHUSDT
Coinbase International BCH-PERP-INTXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BCH_USDT | −0.0023% | 8h | 267.92 | +0.045% | $8.4M | $14.5M | 75x | as long as short |
| GRVT BCH_USDT_Perp | −0.0016% | 8h | 268.59 | +0.294% | $391K | $17K | 10x | as long as short |
| Bybit BCHUSDT | −0.0002% | 8h | 267.80 | 0.000% | $39.3M | $32.2M | 75x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 268.24 | +0.163% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 268.18 | +0.142% | $1.1M | $11.3M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 267.99 | +0.071% | $4K | — | 150x | as long as short |
| Orderly PERP_BCH_USDC | +0.0026% | 8h | 267.88 | +0.030% | $2K | $176 | 10x | as long as short |
| BloFin BCH-USDT | +0.0027% | 8h | 268.19 | +0.146% | $4.0M | $4.1M | 50x | as long as short |
| OKX BCH-USDT-SWAPlong | +0.0029% | 8h | 267.80 | long leg | $26.2M | $76.0M | 50x | |
| BingX BCH-USDT | +0.0029% | 8h | 267.95 | +0.056% | — | $32.0M | — | as long as short |
| Kraken Futures PF_BCHUSD | +0.0074% | 1h | 268.19 | +0.146% | $804K | $3.2M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 267.95 | +0.057% | $376K | $581K | 10x | as long as short |
| Nado BCH-PERP | +0.0100% | 1h | 267.78 | −0.008% | $438K | $425K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 268.23 | +0.161% | $6.0M | $4.1M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 268.03 | +0.084% | $235K | $666K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 267.96 | +0.060% | $169K | $455K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 267.96 | +0.060% | $8.9M | $7.9M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 268.56 | +0.285% | $19K | $289K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 268.79 | +0.370% | $73K | $214K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 267.76 | −0.015% | $1K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 267.93 | +0.049% | $771K | $1.6M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0372% / S −0.0574% | 1h | 268.05 | +0.093% | $26K | — | 100x | as long as short |
Gate BCH_USDT
GRVT BCH_USDT_Perp
Bybit BCHUSDT
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Orderly PERP_BCH_USDC
BloFin BCH-USDT
BingX BCH-USDT
Kraken Futures PF_BCHUSD
Lighter BCH
Nado BCH-PERP
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]