Funding you earn now, next payment 08:00 UTC+0.0045%/8h= +5.0% APRnext payment +$0.45 per $10,000 · paid last 24h +0.034%
Price spread now: HTX against Phemex+0.131%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$660.663% of the position
Funding, last 7 days+0.166%+$17 on $10k
+Price spread, last 3 days (all we have)−0.155%−$16 · spread now +0.131%, 7d avg −0.019%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and HTX is 0.150% dearer against Phemex than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex BCHUSDT | 267.39 | −0.0447 | get 0.0447% / 8h | 7h 51m | $4.9M | $6.5M | 50x |
| Short | HTX BCH-USDT | 267.74 | −0.0402 | pay 0.0402% / 8h | 7h 51m | $771K | $1.6M | 75x |
Phemex BCHUSDT
HTX BCH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- $9.52
- Price spread: +0.131% → −0.019%
- $15.01
- Slippage, 4 orders
- −$42.27
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$41.74
- Costs to cover
- 0.663%
- Break-even
- 37.7 days
Slippage from Phemex: live order book, 2 min ago; HTX: 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 Phemex live order book, 2 min ago | 2.05 bp | 11.3 bp −$11 | 18.0 bp −$180 | doesn't fit | doesn't fit |
| Sell HTX live order book, 2 min ago | 7.65 bp | 30.6 bp −$31 | 276.0 bp −$2,760 | 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 | −0.0557% | 1h | 267.45 | +0.022% | $2K | $6K | 10x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0523% | 1h | 267.66 | +0.099% | $452K | $266K | 25x | as long as short |
| Phemex BCHUSDTlong | −0.0447% | 8h | 267.39 | long leg | $4.9M | $6.5M | 50x | |
| HTX BCH-USDTshort | −0.0402% | 8h | 267.74 | +0.131% | $771K | $1.6M | 75x | |
| Gate BCH_USDT | −0.0264% | 8h | 267.55 | +0.060% | $8.4M | $14.1M | 75x | as long as short |
| Variational Omni BCH | −0.0132% | 8h | 268.01 | +0.233% | $82K | $292K | — | as long as short |
| Bybit BCHUSDT | −0.0107% | 8h | 267.30 | −0.034% | $39.4M | $33.1M | 75x | as long as short |
| Nado BCH-PERP | −0.0075% | 1h | 267.75 | +0.134% | $439K | $436K | 10x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0056% | 1h | 267.78 | +0.146% | $223K | $2.1M | 50x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0049% | 1h | 267.72 | +0.123% | $855K | $3.2M | 50x | as long as short |
SoDEX BCH-USD
Deribit BCH_USDC-PERPETUAL
Gate BCH_USDT
Variational Omni BCH
Bybit BCHUSDT
Nado BCH-PERP
Coinbase International BCH-PERP-INTX
Kraken Futures PF_BCHUSDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BCHUSDT | −0.0043% | 8h | 267.28 | −0.041% | $72.8M | $236.4M | 75x | as long as short |
| Extended BCH-USD | −0.0040% | 1h | 267.29 | −0.036% | $116K | $669K | 25x | as long as short |
| MEXC BCH_USDT | −0.0040% | 8h | 267.61 | +0.082% | $70.1M | $6.6M | 200x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 267.56 | +0.064% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 268.00 | +0.228% | $1.1M | $11.8M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 268.11 | +0.269% | $4K | — | 150x | as long as short |
| Bitget BCHUSDT | +0.0012% | 8h | 267.12 | −0.101% | $19.2M | $29.7M | 75x | as long as short |
| GRVT BCH_USDT_Perp | +0.0013% | 8h | 267.95 | +0.208% | $390K | $17K | 10x | as long as short |
| BingX BCH-USDT | +0.0025% | 8h | 267.43 | +0.015% | — | $31.0M | — | as long as short |
| OKX BCH-USDT-SWAP | +0.0025% | 8h | 267.30 | −0.034% | $25.9M | $77.4M | 50x | as long as short |
| Orderly PERP_BCH_USDC | +0.0030% | 8h | 267.60 | +0.079% | $2K | $176 | 10x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +1.051% | $721 | $130K | 12x | as long as short |
| BloFin BCH-USDT | +0.0081% | 8h | 267.94 | +0.206% | $3.9M | $4.3M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 267.35 | −0.015% | $370K | $527K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 267.68 | +0.108% | $6.0M | $4.4M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 267.37 | −0.007% | $174K | $715K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 267.35 | −0.015% | $163K | $430K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 267.41 | +0.007% | $9.0M | $7.7M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 267.86 | +0.177% | $19K | $290K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 267.95 | +0.209% | $73K | $214K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 267.66 | +0.101% | $1K | $2.0M | 30x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0333% / S −0.0224% | 1h | 268.02 | +0.237% | $31K | — | 100x | as long as short |
Binance BCHUSDT
Extended BCH-USD
MEXC BCH_USDT
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Bitget BCHUSDT
GRVT BCH_USDT_Perp
BingX BCH-USDT
OKX BCH-USDT-SWAP
Orderly PERP_BCH_USDC
Injective BCH/USDC PERP
BloFin BCH-USDT
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]