Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.019%

Price spread now: Coinbase International against HTX+0.141%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$760.758% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

Price spread, last 3 days (all we have)−0.181%−$18 · spread now +0.141%, 7d avg +0.047%

Together, before fees−0.315%−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.094% dearer against HTX than usual: you sell high and buy low (spread +0.141% now, against its 7-day average of +0.047%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BCH-USDT	270.09	0.0100	pay 0.0100% / 8h	1h 51m	$786K	$1.7M	75x
Short	Coinbase International BCH-PERP-INTX	270.47	0.0016	get 0.0002% / 1h	51m 35s	$234K	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.141%Rate

Funding earned: −$17.64
Price spread: +0.141% → +0.047%: $9.41
Slippage, 4 orders: −$53.82
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$84.06
Costs to cover: 0.758%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; Coinbase International: live order book, 2 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	7.22 bp	34.8 bp −$35	129.3 bp −$1,293	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	5.55 bp	14.5 bp −$14	19.8 bp −$198	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	−0.0520%	1h	270.05	−0.014%	$458K	$263K	25x	as long as short
Phemex BCHUSDT	−0.0208%	8h	270.02	−0.026%	$4.9M	$6.3M	50x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	270.20	+0.041%	$721	$130K	12x	as long as short
Extended BCH-USD	−0.0080%	1h	269.68	−0.151%	$117K	$653K	25x	as long as short
Binance BCHUSDT	−0.0077%	8h	269.76	−0.122%	$75.1M	$231.9M	75x	as long as short
MEXC BCH_USDT	−0.0076%	8h	270.44	+0.130%	$71.6M	$6.3M	200x	as long as short
Variational Omni BCH	−0.0071%	8h	269.23	−0.319%	$86K	$291K	—	as long as short
Bitget BCHUSDT	−0.0023%	8h	269.83	−0.096%	$20.0M	$29.0M	75x	as long as short
Gate BCH_USDT	−0.0019%	8h	269.92	−0.063%	$8.4M	$14.7M	75x	as long as short
SoDEX BCH-USD	−0.0014%	1h	269.91	−0.067%	$2K	$6K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BCHUSDT	−0.0002%	8h	269.70	−0.144%	$39.7M	$32.6M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	270.00	−0.034%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	270.34	+0.093%	$1.1M	$11.4M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	270.16	+0.024%	$4K	—	150x	as long as short
GRVT BCH_USDT_Perp	+0.0001%	8h	270.88	+0.292%	$395K	$17K	10x	as long as short
Coinbase International BCH-PERP-INTXshort	+0.0016%	1h	270.47	+0.141%	$234K	$2.1M	50x
Nado BCH-PERP	+0.0025%	1h	270.04	−0.018%	$443K	$427K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0026%	8h	270.01	−0.030%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0044%	8h	270.10	+0.004%	$4.0M	$4.1M	50x	as long as short
OKX BCH-USDT-SWAP	+0.0044%	8h	269.80	−0.107%	$26.1M	$77.2M	50x	as long as short
BingX BCH-USDT	+0.0044%	8h	269.87	−0.081%	—	$31.9M	—	as long as short
Lighter BCH	+0.0096%	1h	269.90	−0.069%	$378K	$583K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	270.15	+0.022%	$6.0M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	269.96	−0.048%	$221K	$700K	75x	as long as short
Pacifica BCH	+0.0100%	1h	269.89	−0.074%	$170K	$455K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	270.05	−0.015%	$8.9M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	270.22	+0.050%	$19K	$289K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	269.98	−0.041%	$1K	$2.0M	30x	as long as short
HTX BCH-USDTlong	+0.0100%	8h	270.09	long leg	$786K	$1.7M	75x
Kraken Futures PF_BCHUSD	+0.0113%	1h	270.16	+0.024%	$807K	$3.2M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0341% / S −0.0467%	1h	270.24	+0.055%	$26K	—	100x	as long as short
ApeX Omni BCHUSDT	+0.0876%	1h	270.85	+0.281%	$74K	$214K	50x	as long as short