Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h +0.035%

Price spread now: HTX against Kraken Futures−0.088%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$660.663% of the position

Long on Kraken Futures Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.241%+$24 on $10k

Price spread, last 3 days (all we have)−0.091%−$9 · spread now −0.088%, 7d avg −0.065%

Together, before fees+0.150%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and HTX is 0.023% cheaper against Kraken Futures than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.065%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.241%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BCHUSD	269.90	0.0113	pay 0.0014% / 1h	25m 49s	$820K	$3.2M	50x
Short	HTX BCH-USDT	269.66	0.0100	get 0.0100% / 8h	1h 25m	$776K	$1.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Kraken Futures. 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 Kraken FuturesbpFee HTXbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$2.67
Price spread: −0.088% → −0.065%: −$2.3
Slippage, 4 orders: −$44.27
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$71.23
Costs to cover: 0.663%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; HTX: live order book, 3 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 Kraken Futures live order book, 3 min ago	5.91 bp	13.3 bp −$13	29.7 bp −$297	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	6.84 bp	22.3 bp −$22	250.6 bp −$2,506	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	−0.0887%	1h	269.73	−0.062%	$457K	$265K	25x	as long as short
Phemex BCHUSDT	−0.0183%	8h	269.72	−0.065%	$4.9M	$6.4M	50x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	270.20	+0.112%	$721	$130K	12x	as long as short
SoDEX BCH-USD	−0.0117%	1h	269.57	−0.121%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0094%	8h	270.22	+0.118%	$86K	$291K	—	as long as short
Extended BCH-USD	−0.0056%	1h	269.64	−0.094%	$116K	$653K	25x	as long as short
MEXC BCH_USDT	−0.0054%	8h	270.10	+0.075%	$70.8M	$6.6M	200x	as long as short
Binance BCHUSDT	−0.0054%	8h	269.84	−0.021%	$75.1M	$233.6M	75x	as long as short
Bybit BCHUSDT	−0.0043%	8h	269.65	−0.091%	$39.4M	$32.9M	75x	as long as short
Gate BCH_USDT	−0.0004%	8h	269.82	−0.028%	$8.4M	$14.8M	75x	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	270.06	+0.062%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	270.14	+0.090%	$1.3M	$11.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	269.85	−0.016%	$4K	—	150x	as long as short
Bitget BCHUSDT	+0.0004%	8h	269.77	−0.047%	$19.4M	$29.4M	75x	as long as short
GRVT BCH_USDT_Perp	+0.0013%	8h	270.52	+0.230%	$394K	$17K	10x	as long as short
Coinbase International BCH-PERP-INTX	+0.0016%	1h	270.22	+0.120%	$244K	$2.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0025%	8h	269.68	−0.080%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0065%	8h	270.03	+0.049%	$4.0M	$4.2M	50x	as long as short
BingX BCH-USDC	+0.0066%	8h	269.78	−0.043%	—	$6.5M	—	as long as short
OKX BCH-USDT-SWAP	+0.0073%	8h	269.80	−0.036%	$26.4M	$78.1M	50x	as long as short
Lighter BCH	+0.0096%	1h	269.65	−0.093%	$377K	$584K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	269.78	−0.043%	$444K	$427K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	270.16	+0.098%	$6.0M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	269.67	−0.085%	$220K	$703K	75x	as long as short
Pacifica BCH	+0.0100%	1h	269.92	+0.010%	$164K	$468K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	269.75	−0.054%	$9.2M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	270.50	+0.225%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	270.65	+0.279%	$73K	$213K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	269.44	−0.169%	$1K	$2.0M	30x	as long as short
HTX BCH-USDTshort	+0.0100%	8h	269.66	−0.088%	$776K	$1.7M	75x
Kraken Futures PF_BCHUSDlong	+0.0113%	1h	269.90	long leg	$820K	$3.2M	50x
GMX BCH/USD [WBTC.b-USDC]	L +0.0342% / S −0.0467%	1h	270.11	+0.080%	$26K	—	100x	as long as short