Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0452%/8h= +49.5% APRpaid last 24h −0.032%

Price spread now: Injective against HTX+2.294%7-day average +0.035% · you sell dearer than you buy

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

Long on HTX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 3 days (all we have)−3.517%−$352 · spread now +2.294%, 7d avg +0.035%

Together, before fees−3.498%−$350 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Injective is 2.259% dearer against HTX than usual: you sell high and buy low: +$226 more if the spread goes back to its 7-day average of +0.035%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.019% in total (about 1.0% 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	264.14	−0.0418	get 0.0418% / 8h	6h 09m	$774K	$1.6M	75x
Short	Injective BCH/USDC PERP	270.20	0.0033	get 0.0004% / 1h	9m 09s	$721	$130K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +2.294%Rate

Funding earned: $94.87
Price spread: +2.294% → +0.035%: $225.93
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $308.79
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: live order book, 5 min ago; Injective: no order-book sample. 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 HTX live order book, 5 min ago	17.55 bp	25.0 bp −$25	166.3 bp −$1,663	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 31 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
SunX BCH-USDT	−0.1327%	8h	264.13	−0.004%	$1K	$1.8M	30x	as long as short
SoDEX BCH-USD	−0.0520%	1h	264.18	+0.015%	$2K	$8K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0517%	1h	264.31	+0.064%	$447K	$255K	25x	as long as short
Phemex BCHUSDT	−0.0437%	8h	264.16	+0.008%	$4.9M	$6.6M	50x	as long as short
HTX BCH-USDTlong	−0.0418%	8h	264.14	long leg	$774K	$1.6M	75x
Kraken Futures PF_BCHUSD	−0.0301%	1h	264.46	+0.122%	$848K	$3.1M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0203%	8h	264.94	+0.302%	$386K	$17K	10x	as long as short
Gate BCH_USDT	−0.0144%	8h	264.23	+0.034%	$8.3M	$13.6M	75x	as long as short
ApeX Omni BCHUSDT	−0.0140%	1h	265.04	+0.341%	$97K	$226K	50x	as long as short
Variational Omni BCH	−0.0117%	8h	264.80	+0.251%	$81K	$231K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0112%	1h	264.09	−0.020%	$112K	$964K	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0112%	1h	264.66	+0.197%	$231K	$2.0M	50x	as long as short
Binance BCHUSDT	−0.0109%	8h	264.27	+0.049%	$71.5M	$228.7M	75x	as long as short
MEXC BCH_USDT	−0.0107%	8h	264.50	+0.136%	$69.8M	$7.1M	200x	as long as short
Bybit BCHUSDT	−0.0074%	8h	264.20	+0.023%	$39.1M	$33.0M	75x	as long as short
Nado BCH-PERP	−0.0072%	1h	264.25	+0.042%	$418K	$376K	10x	as long as short
OKX BCH-USDT-SWAP	−0.0053%	8h	264.30	+0.061%	$25.2M	$77.7M	50x	as long as short
Bitget BCHUSDT	−0.0047%	8h	264.13	−0.004%	$18.9M	$29.2M	75x	as long as short
BingX BCH-USDC	−0.0035%	8h	264.24	+0.038%	—	$6.5M	—	as long as short
KuCoin BCHUSDTM	−0.0005%	8h	264.30	+0.061%	$8.6M	$7.5M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	264.65	+0.192%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.72	+0.220%	$1.1M	$10.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	264.43	+0.111%	$4K	—	150x	as long as short
Injective BCH/USDC PERPshort	+0.0033%	1h	270.20	+2.294%	$721	$130K	12x
Orderly PERP_BCH_USDC	+0.0035%	8h	264.22	+0.030%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0040%	1h	264.33	+0.072%	$161K	$379K	10x	as long as short
Lighter BCH	+0.0096%	1h	264.24	+0.039%	$364K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.43	+0.110%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	264.48	+0.128%	$167K	$697K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.87	+0.276%	$19K	$291K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	264.41	+0.103%	$25K	—	100x	as long as short