Funding you earn now, next payment 01:00 UTC+0.0590%/8h= +64.6% APRpaid last 24h +0.034%
Price spread now: Pacifica against Phemex+0.195%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$440.442% of the position
Funding, last 7 days+0.015%+$2 on $10k
+Price spread, last 3 days (all we have)−0.171%−$17 · spread now +0.195%, 7d avg +0.010%
=Together, before fees−0.155%+ Points / potential airdropPacifica: Active · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Pacifica is 0.185% dearer against Phemex than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.010%.
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 | Phemex BCHUSDT | 268.43 | −0.0490 | get 0.0490% / 8h | 7h 05m | $4.9M | $6.5M | 50x |
| Short | Pacifica BCH | 268.95 | 0.0100 | get 0.0013% / 1h | 5m 50s | $163K | $407K | 10x |
Phemex BCHUSDT
Pacifica BCHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- $123.82
- Price spread: +0.195% → +0.010%
- $18.52
- Slippage, 4 orders
- −$24.17
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- $98.17
- Costs to cover
- 0.442%
- Break-even
- 1.5 days
Slippage from Phemex: live order book, 3 min ago; Pacifica: live order book, 3 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 | 2.23 bp | 9.8 bp −$10 | 17.0 bp −$170 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 3 min ago | 4.27 bp | 11.4 bp −$11 | doesn't fit | 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-PERPETUAL | −0.0606% | 1h | 268.34 | −0.034% | $454K | $266K | 25x | as long as short |
| SoDEX BCH-USD | −0.0547% | 1h | 268.30 | −0.048% | $2K | $6K | 10x | as long as short |
| Phemex BCHUSDTlong | −0.0490% | 8h | 268.43 | long leg | $4.9M | $6.5M | 50x | |
| Gate BCH_USDT | −0.0189% | 8h | 268.29 | −0.052% | $8.4M | $14.3M | 75x | as long as short |
| GRVT BCH_USDT_Perp | −0.0187% | 8h | 269.71 | +0.478% | $393K | $17K | 10x | as long as short |
| ApeX Omni BCHUSDT | −0.0170% | 1h | 269.64 | +0.451% | $73K | $214K | 50x | as long as short |
| Variational Omni BCH | −0.0122% | 8h | 268.20 | −0.086% | $82K | $285K | — | as long as short |
| Binance BCHUSDT | −0.0073% | 8h | 268.19 | −0.089% | $72.6M | $230.0M | 75x | as long as short |
| MEXC BCH_USDT | −0.0073% | 8h | 268.92 | +0.183% | $70.5M | $6.7M | 200x | as long as short |
| Extended BCH-USD | −0.0072% | 1h | 268.14 | −0.107% | $117K | $961K | 25x | as long as short |
Deribit BCH_USDC-PERPETUAL
SoDEX BCH-USD
Gate BCH_USDT
GRVT BCH_USDT_Perp
ApeX Omni BCHUSDT
Variational Omni BCH
Binance BCHUSDT
MEXC BCH_USDT
Extended BCH-USDShow 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 | 268.33 | −0.037% | $237K | $2.0M | 50x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0049% | 1h | 268.63 | +0.074% | $867K | $3.1M | 50x | as long as short |
| Bybit BCHUSDT | −0.0027% | 8h | 268.22 | −0.078% | $39.7M | $32.6M | 75x | as long as short |
| Bitget BCHUSDT | −0.0027% | 8h | 268.26 | −0.063% | $19.5M | $29.5M | 75x | as long as short |
| OKX BCH-USDT-SWAP | −0.0009% | 8h | 268.20 | −0.086% | $26.1M | $76.2M | 50x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0003% / S +0.0007% | 1h | 268.44 | +0.004% | $7K | — | 150x | as long as short |
| BingX BCH-USDC | −0.0002% | 8h | 268.28 | −0.056% | — | $6.5M | — | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 269.12 | +0.257% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 268.74 | +0.115% | $1.1M | $11.0M | 2.7x | as long as short |
| Orderly PERP_BCH_USDC | +0.0030% | 8h | 268.20 | −0.086% | $2K | $176 | 10x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +0.659% | $721 | $130K | 12x | as long as short |
| Nado BCH-PERP | +0.0044% | 1h | 268.17 | −0.096% | $439K | $421K | 10x | as long as short |
| BloFin BCH-USDT | +0.0047% | 8h | 269.22 | +0.294% | $4.0M | $4.3M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 268.40 | −0.012% | $370K | $530K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 268.62 | +0.071% | $6.6M | $4.6M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 268.33 | −0.036% | $177K | $666K | 75x | as long as short |
| Pacifica BCHshort | +0.0100% | 1h | 268.95 | +0.195% | $163K | $407K | 10x | |
| KuCoin BCHUSDTM | +0.0100% | 8h | 268.45 | +0.007% | $8.8M | $7.6M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 269.58 | +0.430% | $19K | $291K | 20x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 268.01 | −0.156% | $2K | $1.9M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 268.00 | −0.160% | $778K | $1.6M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0334% / S −0.0451% | 1h | 268.41 | −0.006% | $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
BingX BCH-USDC
dYdX BCH-USD
Kalshi KXBCHPERP
Orderly PERP_BCH_USDC
Injective BCH/USDC PERP
Nado BCH-PERP
BloFin BCH-USDT
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
KuCoin BCHUSDTM
edgeX BCHUSDC
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]