Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Hyperliquid−0.172%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

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

Long on Hyperliquid Short on HTX

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)+0.064%+$6 · spread now −0.172%, 7d avg −0.065%

Together, before fees+0.155%+ Points / potential airdropHyperliquid: Season 2 · farm board+$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.107% cheaper against Hyperliquid than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BCH	269.14	0.0100	pay 0.0013% / 1h	33m 11s	$6.0M	$4.3M	10x
Short	HTX BCH-USDT	268.68	0.0100	get 0.0100% / 8h	33m 11s	$777K	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Hyperliquid. 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 HyperliquidbpFee HTXbpOrdersPrice spread, now −0.172%Rate

Funding earned: $0
Price spread: −0.172% → −0.065%: −$10.7
Slippage, 4 orders: −$28.35
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$60.05
Costs to cover: 0.494%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; HTX: live order book, 1 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 Hyperliquid live order book, 9 min ago	0.55 bp	5.9 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	6.89 bp	21.0 bp −$21	266.0 bp −$2,660	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	−0.0456%	1h	268.92	−0.082%	$454K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0154%	1h	268.75	−0.146%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0151%	8h	268.89	−0.094%	$4.9M	$6.5M	50x	as long as short
Variational Omni BCH	−0.0142%	8h	268.82	−0.121%	$82K	$294K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0125%	1h	269.12	−0.010%	$829K	$3.1M	50x	as long as short
Bybit BCHUSDT	−0.0088%	8h	268.70	−0.165%	$39.3M	$32.6M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+0.392%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	268.89	−0.094%	$236K	$2.1M	50x	as long as short
Extended BCH-USD	−0.0024%	1h	268.70	−0.164%	$116K	$652K	25x	as long as short
MEXC BCH_USDT	−0.0021%	8h	269.33	+0.069%	$70.5M	$6.7M	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	−0.0020%	8h	268.80	−0.128%	$74.7M	$230.7M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	269.01	−0.051%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.14	−0.001%	$1.3M	$11.5M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.96	−0.069%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0009%	8h	268.87	−0.102%	$8.4M	$14.5M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	268.79	−0.132%	$2K	$176	10x	as long as short
GRVT BCH_USDT_Perp	+0.0028%	8h	269.11	−0.011%	$392K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0032%	8h	268.74	−0.150%	$19.1M	$29.2M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0039%	8h	268.70	−0.165%	$26.3M	$77.7M	50x	as long as short
BingX BCH-USDC	+0.0043%	8h	268.76	−0.143%	—	$6.5M	—	as long as short
Lighter BCH	+0.0096%	1h	268.83	−0.118%	$371K	$555K	10x	as long as short
BloFin BCH-USDT	+0.0100%	8h	268.87	−0.102%	$4.0M	$4.2M	50x	as long as short
Nado BCH-PERP	+0.0100%	1h	268.75	−0.146%	$444K	$427K	10x	as long as short
Hyperliquid BCHlong	+0.0100%	1h	269.14	long leg	$6.0M	$4.3M	10x
Aster BCHUSDT	+0.0100%	8h	268.84	−0.113%	$216K	$709K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.76	−0.142%	$163K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.87	−0.102%	$9.2M	$7.8M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.98	−0.062%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	269.10	−0.016%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.56	−0.217%	$2K	$2.0M	30x	as long as short
HTX BCH-USDTshort	+0.0100%	8h	268.68	−0.172%	$777K	$1.6M	75x
GMX BCH/USD [WBTC.b-USDC]	L +0.0334% / S −0.0340%	1h	268.98	−0.061%	$27K	—	100x	as long as short