Funding you earn now, next payment 08:00 UTC+0.0072%/8h= +7.8% APRnext payment +$0.72 per $10,000 · paid last 24h +0.031%
Price spread now: KuCoin against Phemex+0.253%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$500.504% of the position
Funding, last 7 days+0.124%+$12 on $10k
+Price spread, last 4 days (all we have)−0.196%−$20 · spread now +0.253%, 7d avg +0.017%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.236% dearer against Phemex than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex BCHUSDT | 265.12 | −0.0168 | get 0.0168% / 8h | 1h 21m | $4.9M | $6.6M | 50x |
| Short | KuCoin BCHUSDTM | 265.79 | −0.0096 | pay 0.0096% / 8h | 1h 21m | $8.5M | $6.6M | 75x |
Phemex BCHUSDT
KuCoin BCHUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $15.04
- Price spread: +0.253% → +0.017%
- $23.56
- Slippage, 4 orders
- −$26.4
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$11.8
- Costs to cover
- 0.504%
- Break-even
- 12.5 days
Slippage from Phemex: live order book, 2 min ago; KuCoin: live order book, 7 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 | 0.38 bp | 8.4 bp −$8 | 16.6 bp −$166 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 1.70 bp | 18.7 bp −$19 | 60.1 bp −$601 | 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 | −0.0370% | 1h | 265.16 | +0.015% | $2K | $8K | 10x | as long as short |
| HTX BCH-USDT | −0.0170% | 8h | 265.14 | +0.008% | $775K | $1.4M | 75x | as long as short |
| Phemex BCHUSDTlong | −0.0168% | 8h | 265.12 | long leg | $4.9M | $6.6M | 50x | |
| Kraken Futures PF_BCHUSD | −0.0103% | 1h | 265.37 | +0.094% | $863K | $2.9M | 50x | as long as short |
| KuCoin BCHUSDTMshort | −0.0096% | 8h | 265.79 | +0.253% | $8.5M | $6.6M | 75x | |
| Variational Omni BCH | −0.0088% | 8h | 265.30 | +0.069% | $81K | $196K | — | as long as short |
| Bitget BCHUSDT | −0.0082% | 8h | 265.65 | +0.200% | $19.0M | $28.4M | 75x | as long as short |
| OKX BCH-USDT-SWAP | −0.0071% | 8h | 265.30 | +0.068% | $25.3M | $78.2M | 50x | as long as short |
| Bybit BCHUSDT | −0.0060% | 8h | 265.40 | +0.106% | $39.0M | $31.8M | 75x | as long as short |
| Extended BCH-USD | −0.0048% | 1h | 265.44 | +0.122% | $111K | $771K | 25x | as long as short |
SoDEX BCH-USD
HTX BCH-USDT
Kraken Futures PF_BCHUSD
Variational Omni BCH
Bitget BCHUSDT
OKX BCH-USDT-SWAP
Bybit BCHUSDT
Extended BCH-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BCHUSDT | −0.0045% | 8h | 265.63 | +0.194% | $73.1M | $220.9M | 75x | as long as short |
| MEXC BCH_USDT | −0.0045% | 8h | 266.00 | +0.332% | $71.0M | $8.8M | 200x | as long as short |
| BingX BCH-USDC | −0.0040% | 8h | 265.60 | +0.181% | — | $6.5M | — | as long as short |
| GRVT BCH_USDT_Perp | −0.0026% | 8h | 264.93 | −0.071% | $386K | $17K | 10x | as long as short |
| Gate BCH_USDT | −0.0006% | 8h | 265.55 | +0.162% | $8.4M | $13.8M | 75x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 265.16 | +0.015% | $15K | — | 150x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0002% | 1h | 265.32 | +0.076% | $442K | $336K | 25x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 265.80 | +0.256% | $5K | $240 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 265.77 | +0.245% | $988K | $10.5M | 2.7x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0008% | 1h | 265.80 | +0.256% | $225K | $1.9M | 50x | as long as short |
| Nado BCH-PERP | +0.0009% | 1h | 265.35 | +0.087% | $435K | $357K | 10x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +1.916% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0046% | 8h | 265.22 | +0.038% | $2K | $176 | 10x | as long as short |
| Aster BCHUSDT | +0.0056% | 8h | 265.53 | +0.154% | $138K | $590K | 75x | as long as short |
| SunX BCH-USDT | +0.0069% | 8h | 264.93 | −0.072% | $2K | $1.7M | 30x | as long as short |
| BloFin BCH-USDT | +0.0074% | 8h | 264.86 | −0.098% | $3.9M | $4.5M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 265.67 | +0.209% | $354K | $495K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 265.75 | +0.238% | $5.7M | $4.7M | 10x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 265.65 | +0.201% | $159K | $312K | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 264.96 | −0.061% | $18K | $344K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 264.98 | −0.053% | $95K | $239K | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0202% / S −0.0147% | 1h | 265.27 | +0.056% | $12K | — | 100x | as long as short |
Binance BCHUSDT
MEXC BCH_USDT
BingX BCH-USDC
GRVT BCH_USDT_Perp
Gate BCH_USDT
gTrade (Gains Network) BCH/USD
Deribit BCH_USDC-PERPETUAL
dYdX BCH-USD
Kalshi KXBCHPERP
Coinbase International BCH-PERP-INTX
Nado BCH-PERP
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
Aster BCHUSDT
SunX BCH-USDT
BloFin BCH-USDT
Lighter BCH
Hyperliquid BCH
Pacifica BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
GMX BCH/USD [WBTC.b-USDC]