Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0373%/8h= +40.8% APRpaid last 24h −0.046%

Price spread now: Kraken Futures against HTX+0.086%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$720.725% of the position

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.247%−$25 on $10k

Price spread, last 4 days (all we have)+0.035%+$4 · spread now +0.086%, 7d avg +0.068%

Together, before fees−0.211%−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.068%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.247%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.247% in total (about -12.9% 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	265.03	−0.0194	get 0.0194% / 8h	1h 59m	$774K	$1.4M	75x
Short	Kraken Futures PF_BCHUSD	265.26	0.0179	get 0.0022% / 1h	59m 26s	$848K	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.086%Rate

Funding earned: $78.31
Price spread: +0.086% → +0.068%: $1.88
Slippage, 4 orders: −$50.48
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $7.71
Costs to cover: 0.725%
Break-even: 6.3 days

Slippage from HTX: live order book, 4 min ago; Kraken Futures: 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, 4 min ago	6.78 bp	13.1 bp −$13	115.4 bp −$1,154	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	6.21 bp	15.7 bp −$16	24.5 bp −$245	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
SoDEX BCH-USD	−0.0268%	1h	265.09	+0.023%	$2K	$8K	10x	as long as short
Nado BCH-PERP	−0.0195%	1h	265.06	+0.012%	$436K	$355K	10x	as long as short
HTX BCH-USDTlong	−0.0194%	8h	265.03	long leg	$774K	$1.4M	75x
Phemex BCHUSDT	−0.0173%	8h	265.07	+0.015%	$5.0M	$6.6M	50x	as long as short
KuCoin BCHUSDTM	−0.0097%	8h	265.22	+0.072%	$8.5M	$6.8M	75x	as long as short
Bitget BCHUSDT	−0.0097%	8h	265.09	+0.023%	$19.0M	$28.5M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0070%	8h	265.10	+0.026%	$25.3M	$78.2M	50x	as long as short
Variational Omni BCH	−0.0070%	8h	265.20	+0.064%	$81K	$196K	—	as long as short
Binance BCHUSDT	−0.0044%	8h	265.20	+0.065%	$73.1M	$221.0M	75x	as long as short
MEXC BCH_USDT	−0.0042%	8h	265.47	+0.166%	$70.7M	$8.5M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0040%	1h	264.97	−0.021%	$115K	$1.1M	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0040%	1h	265.56	+0.200%	$221K	$1.9M	50x	as long as short
Bybit BCHUSDT	−0.0030%	8h	265.20	+0.064%	$39.0M	$31.8M	75x	as long as short
BingX BCH-USDT	−0.0020%	8h	265.11	+0.030%	—	$32.9M	—	as long as short
SunX BCH-USDT	−0.0014%	8h	264.96	−0.026%	$2K	$1.7M	30x	as long as short
GRVT BCH_USDT_Perp	−0.0012%	8h	265.31	+0.106%	$387K	$17K	10x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.32	+0.108%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.35	+0.123%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.42	+0.147%	$992K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.23	+0.074%	$441K	$333K	25x	as long as short
Gate BCH_USDT	+0.0016%	8h	265.23	+0.075%	$8.4M	$13.8M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.951%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	265.18	+0.057%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0064%	8h	265.10	+0.025%	$150K	$564K	75x	as long as short
BloFin BCH-USDT	+0.0077%	8h	265.23	+0.075%	$3.9M	$4.5M	50x	as long as short
Lighter BCH	+0.0096%	1h	265.12	+0.034%	$353K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.33	+0.113%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	265.10	+0.027%	$159K	$312K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.30	+0.100%	$18K	$347K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.60	+0.215%	$95K	$237K	50x	as long as short
Kraken Futures PF_BCHUSDshort	+0.0179%	1h	265.26	+0.086%	$848K	$3.0M	50x
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	265.35	+0.120%	$12K	—	100x	as long as short