Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.094%

Price spread now: HTX against Deribit+0.008%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$980.977% of the position

Long on Deribit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.307%+$31 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.008%, 7d avg −0.040%

Together, before fees+0.239%+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.048% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BCH_USDC-PERPETUAL	266.74	0	get 0.0000% / 1h	58m 20s	$419K	$359K	25x
Short	HTX BCH-USDT	266.76	0.0100	get 0.0100% / 8h	7h 58m	$779K	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Deribit. 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 DeribitbpFee HTXbpOrdersPrice spread, now +0.008%Rate

Funding earned: $21
Price spread: +0.008% → −0.040%: $4.77
Slippage, 4 orders: −$78.71
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$71.94
Costs to cover: 0.977%
Break-even: 31.0 days

Slippage from Deribit: live order book, 36 min ago; HTX: live order book, just now.

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 Deribit live order book, 36 min ago	3.68 bp	8.7 bp −$9	15.9 bp −$159	doesn't fit	doesn't fit
Sell HTX live order book, just now	20.38 bp	37.8 bp −$38	251.0 bp −$2,510	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	−0.0578%	1h	266.62	−0.045%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0186%	8h	266.66	−0.030%	$4.9M	$6.5M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0158%	1h	266.87	+0.050%	$867K	$2.8M	50x	as long as short
Variational Omni BCH	−0.0138%	8h	266.61	−0.047%	$145K	$259K	—	as long as short
Bybit BCHUSDT	−0.0135%	8h	267.30	+0.210%	$39.4M	$32.1M	75x	as long as short
Bitget BCHUSDT	−0.0077%	8h	267.24	+0.188%	$19.3M	$27.4M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0075%	8h	267.10	+0.135%	$25.3M	$78.4M	50x	as long as short
KuCoin BCHUSDTM	−0.0073%	8h	267.46	+0.270%	$8.6M	$6.3M	75x	as long as short
Extended BCH-USD	−0.0048%	1h	267.18	+0.166%	$114K	$912K	25x	as long as short
MEXC BCH_USDT	−0.0045%	8h	267.70	+0.360%	$72.0M	$9.0M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0044%	8h	267.30	+0.210%	$74.2M	$216.5M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0039%	8h	266.73	−0.003%	$389K	$17K	10x	as long as short
BingX BCH-USDT	−0.0035%	8h	267.20	+0.173%	—	$15.4M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	267.44	+0.261%	$15K	—	150x	as long as short
Pacifica BCH	−0.0002%	1h	267.20	+0.174%	$155K	$299K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	267.33	+0.222%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.88	+0.053%	$1.0M	$9.9M	2.7x	as long as short
Deribit BCH_USDC-PERPETUALlong	0.0000%	1h	266.74	long leg	$419K	$359K	25x
Aster BCHUSDT	+0.0013%	8h	267.13	+0.147%	$141K	$572K	75x	as long as short
Nado BCH-PERP	+0.0018%	1h	267.25	+0.192%	$429K	$361K	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.298%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0045%	8h	267.30	+0.210%	$2K	—	10x	as long as short
BloFin BCH-USDT	+0.0075%	8h	266.66	−0.030%	$3.5M	$4.7M	50x	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	267.03	+0.109%	$244K	$2.0M	50x	as long as short
Lighter BCH	+0.0096%	1h	267.25	+0.193%	$374K	$492K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.59	+0.319%	$5.8M	$4.7M	10x	as long as short
Gate BCH_USDT	+0.0100%	8h	267.34	+0.225%	$8.4M	$12.8M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.54	−0.074%	$19K	$345K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	266.68	−0.022%	$96K	$242K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.48	−0.097%	$2K	$1.6M	30x	as long as short
HTX BCH-USDTshort	+0.0100%	8h	266.76	+0.008%	$779K	$1.4M	75x
GMX BCH/USD [WBTC.b-USDC]	L +0.0203% / S −0.0147%	1h	267.35	+0.229%	$13K	—	100x	as long as short