Funding you earn now, next payment 01:00 UTC−0.0628%/8h= −68.7% APRpaid last 24h −0.034%
Price spread now: Phemex against Pacifica−0.063%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$420.415% of the position
Funding, last 7 days−0.015%−$2 on $10k
+Price spread, last 3 days (all we have)+0.038%+$4 · spread now −0.063%, 7d avg −0.010%
=Together, before fees+0.023%+ Points / potential airdropPacifica: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Phemex is 0.053% cheaper against Pacifica than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.010%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.015% in total (about -0.8% 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 | Pacifica BCH | 269.36 | 0.0100 | pay 0.0013% / 1h | 7m 19s | $164K | $407K | 10x |
| Short | Phemex BCHUSDT | 269.19 | −0.0528 | pay 0.0528% / 8h | 7h 07m | $4.9M | $6.5M | 50x |
Pacifica BCH
Phemex BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Pacifica. 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
- −$131.82
- Price spread: −0.063% → −0.010%
- −$5.3
- Slippage, 4 orders
- −$21.54
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$178.66
- Costs to cover
- 0.415%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 66 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 Pacifica live order book, 66 min ago | 2.63 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 2.23 bp | 11.0 bp −$11 | 19.5 bp −$195 | 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 | −0.0544% | 1h | 269.19 | −0.063% | $2K | $6K | 10x | as long as short |
| Phemex BCHUSDTshort | −0.0528% | 8h | 269.19 | −0.063% | $4.9M | $6.5M | 50x | |
| Deribit BCH_USDC-PERPETUAL | −0.0522% | 1h | 269.36 | −0.001% | $455K | $266K | 25x | as long as short |
| GRVT BCH_USDT_Perp | −0.0187% | 8h | 269.71 | +0.131% | $393K | $17K | 10x | as long as short |
| ApeX Omni BCHUSDT | −0.0170% | 1h | 269.64 | +0.104% | $73K | $214K | 50x | as long as short |
| Gate BCH_USDT | −0.0168% | 8h | 269.36 | 0.000% | $8.5M | $14.3M | 75x | as long as short |
| Variational Omni BCH | −0.0126% | 8h | 269.21 | −0.057% | $83K | $285K | — | as long as short |
| Binance BCHUSDT | −0.0073% | 8h | 269.20 | −0.061% | $72.9M | $229.3M | 75x | as long as short |
| Extended BCH-USD | −0.0072% | 1h | 269.16 | −0.074% | $117K | $961K | 25x | as long as short |
| MEXC BCH_USDT | −0.0071% | 8h | 269.78 | +0.156% | $70.7M | $6.7M | 200x | as long as short |
SoDEX BCH-USD
Deribit BCH_USDC-PERPETUAL
GRVT BCH_USDT_Perp
ApeX Omni BCHUSDT
Gate BCH_USDT
Variational Omni BCH
Binance BCHUSDT
Extended BCH-USD
MEXC BCH_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BCH-PERP-INTX | −0.0056% | 1h | 269.44 | +0.030% | $231K | $2.0M | 50x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0049% | 1h | 269.51 | +0.054% | $858K | $3.1M | 50x | as long as short |
| Bybit BCHUSDT | −0.0034% | 8h | 269.25 | −0.041% | $39.8M | $32.5M | 75x | as long as short |
| Bitget BCHUSDT | −0.0026% | 8h | 269.19 | −0.063% | $19.3M | $29.2M | 75x | as long as short |
| OKX BCH-USDT-SWAP | −0.0008% | 8h | 269.30 | −0.022% | $26.2M | $76.4M | 50x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0003% / S +0.0007% | 1h | 269.49 | +0.048% | $7K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 269.62 | +0.095% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 269.63 | +0.100% | $1.1M | $10.8M | 2.7x | as long as short |
| BingX BCH-USDT | +0.0005% | 8h | 269.34 | −0.007% | — | $32.3M | — | as long as short |
| Orderly PERP_BCH_USDC | +0.0030% | 8h | 269.24 | −0.045% | $2K | $176 | 10x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +0.312% | $721 | $130K | 12x | as long as short |
| Nado BCH-PERP | +0.0041% | 1h | 269.32 | −0.015% | $437K | $419K | 10x | as long as short |
| BloFin BCH-USDT | +0.0047% | 8h | 269.22 | −0.052% | $4.0M | $4.3M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 269.30 | −0.021% | $371K | $530K | 10x | as long as short |
| HTX BCH-USDT | +0.0098% | 8h | 269.23 | −0.048% | $782K | $1.6M | 75x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 269.62 | +0.097% | $6.6M | $4.6M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 269.23 | −0.048% | $177K | $658K | 75x | as long as short |
| Pacifica BCHlong | +0.0100% | 1h | 269.36 | long leg | $164K | $407K | 10x | |
| KuCoin BCHUSDTM | +0.0100% | 8h | 269.26 | −0.037% | $8.8M | $7.6M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 269.58 | +0.083% | $19K | $291K | 20x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 269.01 | −0.130% | $2K | $1.9M | 30x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0335% / S −0.0451% | 1h | 269.41 | +0.020% | $25K | — | 100x | as long as short |
Coinbase International BCH-PERP-INTX
Kraken Futures PF_BCHUSD
Bybit BCHUSDT
Bitget BCHUSDT
OKX BCH-USDT-SWAP
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Kalshi KXBCHPERP
BingX BCH-USDT
Orderly PERP_BCH_USDC
Injective BCH/USDC PERP
Nado BCH-PERP
BloFin BCH-USDT
Lighter BCH
HTX BCH-USDT
Hyperliquid BCH
Aster BCHUSDT
KuCoin BCHUSDTM
edgeX BCHUSDC
SunX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]