Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0187%/8h= −20.5% APRpaid last 24h +0.029%

Price spread now: HTX against Coinbase International−0.113%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$690.692% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.147%+$15 on $10k

Price spread, last 4 days (all we have)+0.162%+$16 · spread now −0.113%, 7d avg −0.047%

Together, before fees+0.308%+$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and HTX is 0.066% cheaper against Coinbase International than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.047%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.147%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BCH-PERP-INTX	264.41	−0.0040	get 0.0005% / 1h	20m 02s	$217K	$1.9M	50x
Short	HTX BCH-USDT	264.11	−0.0227	pay 0.0227% / 8h	2h 20m	$771K	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee HTXbpOrdersPrice spread, now −0.113%Rate

Funding earned: −$39.31
Price spread: −0.113% → −0.047%: −$6.62
Slippage, 4 orders: −$47.23
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$115.16
Costs to cover: 0.692%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; HTX: live order book, 4 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 Coinbase International live order book, 4 min ago	4.00 bp	13.7 bp −$14	17.4 bp −$174	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	7.05 bp	27.9 bp −$28	97.5 bp −$975	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
HTX BCH-USDTshort	−0.0227%	8h	264.11	−0.113%	$771K	$1.4M	75x
SoDEX BCH-USD	−0.0210%	1h	264.18	−0.087%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0177%	8h	264.23	−0.068%	$4.9M	$6.6M	50x	as long as short
Bitget BCHUSDT	−0.0107%	8h	264.40	−0.004%	$18.9M	$28.4M	75x	as long as short
KuCoin BCHUSDTM	−0.0097%	8h	264.25	−0.061%	$8.5M	$6.8M	75x	as long as short
SunX BCH-USDT	−0.0076%	8h	263.88	−0.200%	$2K	$1.7M	30x	as long as short
Variational Omni BCH	−0.0076%	8h	263.30	−0.418%	$81K	$196K	—	as long as short
OKX BCH-USDT-SWAP	−0.0073%	8h	264.30	−0.042%	$25.1M	$77.7M	50x	as long as short
Nado BCH-PERP	−0.0059%	1h	263.95	−0.175%	$432K	$354K	10x	as long as short
Binance BCHUSDT	−0.0050%	8h	264.43	+0.008%	$73.0M	$220.2M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0050%	8h	264.63	+0.083%	$70.3M	$8.4M	200x	as long as short
Extended BCH-USD	−0.0048%	1h	264.00	−0.154%	$115K	$1.1M	25x	as long as short
Coinbase International BCH-PERP-INTXlong	−0.0040%	1h	264.41	long leg	$217K	$1.9M	50x
Bybit BCHUSDT	−0.0031%	8h	264.26	−0.057%	$38.9M	$31.7M	75x	as long as short
BingX BCH-USDC	−0.0023%	8h	264.32	−0.034%	—	$6.5M	—	as long as short
GRVT BCH_USDT_Perp	−0.0022%	8h	262.55	−0.703%	$383K	$17K	10x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.23	−0.068%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.00	−0.154%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.07	−0.129%	$982K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.29	−0.046%	$440K	$333K	25x	as long as short
Gate BCH_USDT	+0.0024%	8h	264.37	−0.015%	$8.3M	$13.9M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.190%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0045%	8h	264.11	−0.113%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0065%	8h	264.35	−0.024%	$153K	$556K	75x	as long as short
BloFin BCH-USDT	+0.0070%	8h	263.43	−0.371%	$3.9M	$4.4M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.14	−0.104%	$353K	$497K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.51	+0.038%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	263.93	−0.180%	$159K	$306K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	262.51	−0.719%	$18K	$347K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	262.75	−0.628%	$94K	$237K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0180%	1h	264.30	−0.042%	$844K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.26	−0.057%	$12K	—	100x	as long as short