Funding you earn now, next payment 00:00 UTC+0.0310%/8h= +33.9% APRnext payment +$3.10 per $10,000 · paid last 24h +0.021%
Price spread now: Aster against Phemex−0.021%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$440.438% of the position
Funding, last 7 days+0.143%+$14 on $10k
+Price spread, last 3 days (all we have)+0.113%+$11 · spread now −0.021%, 7d avg +0.026%
=Together, before fees+0.256%+ Points / potential airdropAster: Stage 5 · farm board+$26 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.047% cheaper against Phemex than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.026%). If the spread goes back, that is −$5 on $10k: about 12 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.143% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.143% in total (about 7.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.10 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 | Phemex BCHUSDT | 269.01 | −0.0210 | get 0.0210% / 8h | 2h 21m | $4.9M | $6.3M | 50x |
| Short | Aster BCHUSDT | 268.95 | 0.0100 | get 0.0100% / 8h | 2h 21m | $235K | $660K | 75x |
Phemex BCHUSDT
Aster BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phemex. 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
- $65.03
- Price spread: −0.021% → +0.026%
- −$4.68
- Slippage, 4 orders
- −$23.75
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $16.59
- Costs to cover
- 0.438%
- Break-even
- 5.2 days
Slippage from Phemex: live order book, 3 min ago; Aster: live order book, 1 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 Phemex live order book, 3 min ago | 0.19 bp | 16.9 bp −$17 | 25.0 bp −$250 | doesn't fit | doesn't fit |
| Sell Aster live order book, 1 min ago | 3.16 bp | 10.9 bp −$11 | 22.4 bp −$224 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective BCH/USDC PERP | −0.0304% | 1h | 268.50 | −0.190% | $716 | $110K | 12x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0270% | 1h | 269.08 | +0.025% | $440K | $247K | 25x | as long as short |
| Phemex BCHUSDTlong | −0.0210% | 8h | 269.01 | long leg | $4.9M | $6.3M | 50x | |
| SoDEX BCH-USD | −0.0126% | 1h | 268.99 | −0.007% | $2K | $6K | 10x | as long as short |
| Extended BCH-USD | −0.0104% | 1h | 268.95 | −0.024% | $105K | $643K | 25x | as long as short |
| MEXC BCH_USDT | −0.0103% | 8h | 269.65 | +0.238% | $71.5M | $6.4M | 200x | as long as short |
| Binance BCHUSDT | −0.0102% | 8h | 268.99 | −0.007% | $74.2M | $229.4M | 75x | as long as short |
| Variational Omni BCH | −0.0076% | 8h | 268.64 | −0.137% | $85K | $291K | — | as long as short |
| Bitget BCHUSDT | −0.0042% | 8h | 268.94 | −0.026% | $19.9M | $28.9M | 75x | as long as short |
| GRVT BCH_USDT_Perp | −0.0031% | 8h | 268.83 | −0.069% | $392K | $17K | 10x | as long as short |
Injective BCH/USDC PERP
Deribit BCH_USDC-PERPETUAL
SoDEX BCH-USD
Extended BCH-USD
MEXC BCH_USDT
Binance BCHUSDT
Variational Omni BCH
Bitget BCHUSDT
GRVT BCH_USDT_PerpShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BCHUSDT | −0.0028% | 8h | 268.90 | −0.041% | $39.5M | $32.1M | 75x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0024% | 1h | 268.98 | −0.011% | $246K | $2.1M | 50x | as long as short |
| Gate BCH_USDT | −0.0016% | 8h | 269.00 | −0.004% | $8.4M | $14.4M | 75x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 268.96 | −0.019% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 268.84 | −0.063% | $1.1M | $11.3M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 269.07 | +0.022% | $4K | — | 150x | as long as short |
| BingX BCH-USDT | +0.0011% | 8h | 269.04 | +0.011% | — | $32.1M | — | as long as short |
| OKX BCH-USDT-SWAP | +0.0016% | 8h | 268.90 | −0.041% | $26.4M | $76.2M | 50x | as long as short |
| BloFin BCH-USDT | +0.0018% | 8h | 268.97 | −0.015% | $4.0M | $4.1M | 50x | as long as short |
| Orderly PERP_BCH_USDC | +0.0028% | 8h | 268.97 | −0.015% | $2K | $176 | 10x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0074% | 1h | 269.26 | +0.093% | $807K | $3.2M | 50x | as long as short |
| Nado BCH-PERP | +0.0095% | 1h | 268.90 | −0.040% | $440K | $425K | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 269.07 | +0.021% | $377K | $581K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 269.30 | +0.108% | $6.0M | $4.1M | 10x | as long as short |
| Aster BCHUSDTshort | +0.0100% | 8h | 268.95 | −0.021% | $235K | $660K | 75x | |
| Pacifica BCH | +0.0100% | 1h | 269.05 | +0.016% | $170K | $461K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 269.07 | +0.022% | $8.9M | $8.0M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 268.76 | −0.094% | $19K | $288K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 268.93 | −0.030% | $73K | $213K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 268.87 | −0.052% | $2K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 268.97 | −0.015% | $775K | $1.6M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0373% / S −0.0574% | 1h | 269.10 | +0.035% | $26K | — | 100x | as long as short |
Bybit BCHUSDT
Coinbase International BCH-PERP-INTX
Gate BCH_USDT
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
BingX BCH-USDT
OKX BCH-USDT-SWAP
BloFin BCH-USDT
Orderly PERP_BCH_USDC
Kraken Futures PF_BCHUSD
Nado BCH-PERP
Lighter BCH
Hyperliquid BCH
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]