Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against HTX+0.104%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$490.494% of the position

Long on HTX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 3 days (all we have)+0.106%+$11 · spread now +0.104%, 7d avg +0.066%

Together, before fees+0.015%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.039% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.066%. Mind the row above: over the last 7 days funding on this pair cost −0.091%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BCH-USDT	268.46	0.0100	pay 0.0100% / 8h	1h 57m	$773K	$1.6M	75x
Short	Hyperliquid BCH	268.74	0.0171	get 0.0021% / 1h	57m 45s	$6.0M	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.104%Rate

Funding earned: $14.95
Price spread: +0.104% → +0.066%: $3.87
Slippage, 4 orders: −$28.37
Fee HTX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$30.55
Costs to cover: 0.494%
Break-even: 21.3 days

Slippage from HTX: live order book, 1 min ago; Hyperliquid: 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 HTX live order book, 1 min ago	9.69 bp	18.0 bp −$18	98.2 bp −$982	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 4 min ago	0.19 bp	8.0 bp −$8	doesn't fit	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	−0.0342%	1h	268.39	−0.028%	$439K	$247K	25x	as long as short
Phemex BCHUSDT	−0.0179%	8h	268.31	−0.056%	$4.9M	$6.3M	50x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	268.50	+0.015%	$716	$110K	12x	as long as short
Extended BCH-USD	−0.0088%	1h	268.21	−0.093%	$115K	$653K	25x	as long as short
MEXC BCH_USDT	−0.0087%	8h	268.98	+0.194%	$71.2M	$6.3M	200x	as long as short
Binance BCHUSDT	−0.0085%	8h	268.33	−0.048%	$74.0M	$229.9M	75x	as long as short
Variational Omni BCH	−0.0071%	8h	267.74	−0.269%	$85K	$291K	—	as long as short
Gate BCH_USDT	−0.0029%	8h	268.36	−0.037%	$8.4M	$14.4M	75x	as long as short
Bitget BCHUSDT	−0.0029%	8h	268.40	−0.022%	$19.9M	$29.0M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0013%	8h	267.83	−0.235%	$390K	$17K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BCH-USD	0.0000%	1h	268.57	+0.042%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.72	+0.097%	$1.0M	$11.3M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.56	+0.037%	$4K	—	150x	as long as short
Bybit BCHUSDT	+0.0002%	8h	268.30	−0.060%	$39.5M	$32.2M	75x	as long as short
Nado BCH-PERP	+0.0002%	1h	268.45	−0.005%	$439K	$425K	10x	as long as short
Coinbase International BCH-PERP-INTX	+0.0016%	1h	268.55	+0.034%	$230K	$2.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0026%	8h	268.29	−0.063%	$2K	$176	10x	as long as short
BingX BCH-USDT	+0.0028%	8h	268.34	−0.045%	—	$32.0M	—	as long as short
BloFin BCH-USDT	+0.0033%	8h	268.48	+0.007%	$4.0M	$4.1M	50x	as long as short
SoDEX BCH-USD	+0.0034%	1h	268.30	−0.060%	$2K	$6K	10x	as long as short
OKX BCH-USDT-SWAP	+0.0040%	8h	268.40	−0.022%	$26.2M	$76.1M	50x	as long as short
Lighter BCH	+0.0096%	1h	268.36	−0.036%	$376K	$581K	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.34	−0.044%	$235K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.54	+0.030%	$169K	$455K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.40	−0.022%	$8.9M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.81	−0.242%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	267.95	−0.190%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.15	−0.115%	$2K	$2.0M	30x	as long as short
HTX BCH-USDTlong	+0.0100%	8h	268.46	long leg	$773K	$1.6M	75x
Kraken Futures PF_BCHUSD	+0.0113%	1h	268.56	+0.039%	$805K	$3.2M	50x	as long as short
Hyperliquid BCHshort	+0.0171%	1h	268.74	+0.104%	$6.0M	$4.1M	10x
GMX BCH/USD [WBTC.b-USDC]	L +0.0340% / S −0.0467%	1h	268.55	+0.033%	$26K	—	100x	as long as short