Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h −0.041%

Price spread now: HTX against GMX−0.067%52s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and HTX is 0.067% cheaper against GMX than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BCH/USD [WBTC.b-USDC]	267.31	L +0.0332% / S −0.0224%	pay 0.0042% / 1h	59m 18s	$31K	—	100x
Short	HTX BCH-USDT	267.13	0.0100	get 0.0100% / 8h	7h 59m	$776K	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against GMX. 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 GMXbpFee HTXbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$48.79
Price spread: −0.067% → 0.000%: −$6.66
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$79.44
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; HTX: live order book, 4 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell HTX live order book, 4 min ago	5.25 bp	40.4 bp −$40	158.5 bp −$1,585	doesn't fit	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0543%	1h	267.30	−0.005%	$452K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0420%	1h	267.18	−0.048%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0134%	8h	266.81	−0.185%	$82K	$292K	—	as long as short
Phemex BCHUSDT	−0.0132%	8h	267.12	−0.070%	$4.9M	$6.5M	50x	as long as short
Coinbase International BCH-PERP-INTX	−0.0056%	1h	267.46	+0.057%	$227K	$2.1M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	267.46	+0.058%	$859K	$3.2M	50x	as long as short
ApeX Omni BCHUSDT	−0.0037%	1h	266.85	−0.171%	$72K	$214K	50x	as long as short
Binance BCHUSDT	−0.0033%	8h	267.14	−0.063%	$73.2M	$234.8M	75x	as long as short
Extended BCH-USD	−0.0032%	1h	267.10	−0.079%	$115K	$648K	25x	as long as short
MEXC BCH_USDT	−0.0030%	8h	267.29	−0.007%	$70.0M	$6.5M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0001%	8h	267.23	−0.029%	$8.4M	$13.9M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	267.26	−0.019%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.57	+0.098%	$1.2M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.35	+0.016%	$4K	—	150x	as long as short
GRVT BCH_USDT_Perp	+0.0016%	8h	266.96	−0.129%	$389K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0019%	8h	267.09	−0.082%	$19.1M	$30.0M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0023%	8h	267.10	−0.078%	$26.0M	$78.8M	50x	as long as short
BingX BCH-USDT	+0.0028%	8h	267.06	−0.093%	—	$31.2M	—	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	267.22	−0.033%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.082%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0089%	8h	267.16	−0.055%	$3.9M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	266.94	−0.139%	$368K	$526K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	267.00	−0.115%	$442K	$434K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.45	+0.053%	$6.0M	$4.5M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.06	−0.092%	$173K	$712K	75x	as long as short
Pacifica BCH	+0.0100%	1h	266.97	−0.126%	$162K	$430K	10x	as long as short
Bybit BCHUSDT	+0.0100%	8h	267.12	−0.070%	$39.3M	$33.1M	75x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	267.28	−0.010%	$9.0M	$7.7M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.84	−0.174%	$19K	$292K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.08	−0.085%	$2K	$2.0M	30x	as long as short
HTX BCH-USDTshort	+0.0100%	8h	267.13	−0.067%	$776K	$1.6M	75x
GMX BCH/USD [WBTC.b-USDC]long	L +0.0332% / S −0.0224%	1h	267.31	long leg	$31K	—	100x