Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0324%/8h= +35.4% APRpaid last 24h −0.013%

Price spread now: ApeX Omni against HTX+0.087%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$750.754% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.087%, 7d avg +0.064%

Together, before fees−0.024%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and ApeX Omni is 0.023% dearer against HTX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.064%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.027% in total (about -1.4% 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	HTX BCH-USDT	265.09	−0.0224	get 0.0224% / 8h	3h 31m	$773K	$1.4M	75x
Short	ApeX Omni BCHUSDT	265.32	0.0100	get 0.0013% / 1h	31m 35s	$97K	$234K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against HTX. 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 HTXbpFee ApeX OmnibpOrdersPrice spread, now +0.087%Rate

Funding earned: $67.96
Price spread: +0.087% → +0.064%: $2.3
Slippage, 4 orders: −$53.39
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$5.12
Costs to cover: 0.754%
Break-even: 7.5 days

Slippage from HTX: live order book, 2 min ago; ApeX Omni: live order book, 20 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 HTX live order book, 2 min ago	8.49 bp	14.9 bp −$15	192.1 bp −$1,921	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 20 min ago	6.20 bp	13.3 bp −$13	98.7 bp −$987	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
Phemex BCHUSDT	−0.0257%	8h	265.17	+0.030%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDTlong	−0.0224%	8h	265.09	long leg	$773K	$1.4M	75x
SoDEX BCH-USD	−0.0212%	1h	265.18	+0.034%	$2K	$8K	10x	as long as short
Nado BCH-PERP	−0.0191%	1h	265.70	+0.229%	$432K	$346K	10x	as long as short
SunX BCH-USDT	−0.0190%	8h	265.05	−0.015%	$2K	$1.7M	30x	as long as short
OKX BCH-USDT-SWAP	−0.0087%	8h	265.90	+0.306%	$25.2M	$76.5M	50x	as long as short
KuCoin BCHUSDTM	−0.0082%	8h	265.54	+0.170%	$8.5M	$6.9M	75x	as long as short
Bitget BCHUSDT	−0.0076%	8h	265.82	+0.275%	$19.0M	$28.3M	75x	as long as short
Extended BCH-USD	−0.0072%	1h	265.41	+0.123%	$113K	$956K	25x	as long as short
MEXC BCH_USDT	−0.0072%	8h	266.17	+0.407%	$70.4M	$7.9M	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	−0.0070%	8h	265.71	+0.234%	$72.1M	$215.6M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	265.72	+0.238%	$219K	$1.8M	50x	as long as short
Variational Omni BCH	−0.0063%	8h	265.10	+0.005%	$81K	$196K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0051%	1h	265.41	+0.119%	$852K	$3.0M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0043%	8h	265.22	+0.049%	$387K	$17K	10x	as long as short
Gate BCH_USDT	−0.0021%	8h	265.49	+0.151%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.32	+0.088%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.32	+0.086%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.50	+0.155%	$1.0M	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.38	+0.110%	$444K	$332K	25x	as long as short
BingX BCH-USDC	+0.0010%	8h	265.57	+0.181%	—	$6.5M	—	as long as short
Bybit BCHUSDT	+0.0022%	8h	265.80	+0.268%	$39.2M	$31.2M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.928%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	265.19	+0.038%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0048%	8h	265.35	+0.098%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0086%	8h	265.52	+0.163%	$150K	$545K	75x	as long as short
Lighter BCH	+0.0096%	1h	265.40	+0.117%	$359K	$492K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.15	+0.400%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	265.41	+0.119%	$160K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.11	+0.009%	$18K	$314K	20x	as long as short
ApeX Omni BCHUSDTshort	+0.0100%	1h	265.32	+0.087%	$97K	$234K	50x
GMX BCH/USD [WBTC.b-USDC]	L +0.0359% / S −0.0530%	1h	265.36	+0.102%	$25K	—	100x	as long as short