Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0304%/8h= −33.3% APRpaid last 24h +0.002%

Price spread now: HTX against Pacifica−0.002%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1061.060% of the position

Long on Pacifica Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 4 days (all we have)−0.134%−$13 · spread now −0.002%, 7d avg −0.032%

Together, before fees+0.010%+ Points / potential airdropPacifica: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.029% dearer against Pacifica than usual: you sell high and buy low (spread −0.002% now, against its 7-day average of −0.032%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 8 hours. Mind the row above: over the last 7 days funding on this pair paid +0.144%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.144% in total (about 7.5% 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	Pacifica BCH	264.83	0.0077	pay 0.0010% / 1h	3m 02s	$159K	$304K	10x
Short	HTX BCH-USDT	264.82	−0.0227	pay 0.0227% / 8h	4h 03m	$772K	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Pacifica. 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 PacificabpFee HTXbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$63.77
Price spread: −0.002% → −0.032%: $2.94
Slippage, 4 orders: −$86.01
Fee Pacifica: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$166.84
Costs to cover: 1.060%
Break-even: never at this rate

Slippage from Pacifica: live order book, 55 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 Pacifica live order book, 55 min ago	0.19 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	29.45 bp	36.0 bp −$36	226.3 bp −$2,263	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
SunX BCH-USDT	−0.0373%	8h	264.97	+0.054%	$1K	$1.7M	30x	as long as short
SoDEX BCH-USD	−0.0293%	1h	264.88	+0.020%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0271%	8h	264.98	+0.058%	$4.9M	$6.4M	50x	as long as short
Nado BCH-PERP	−0.0259%	1h	264.99	+0.061%	$431K	$342K	10x	as long as short
HTX BCH-USDTshort	−0.0227%	8h	264.82	−0.002%	$772K	$1.4M	75x
Coinbase International BCH-PERP-INTX	−0.0104%	1h	265.31	+0.183%	$224K	$1.8M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0099%	8h	264.50	−0.123%	$25.4M	$75.5M	50x	as long as short
KuCoin BCHUSDTM	−0.0089%	8h	265.06	+0.088%	$8.5M	$7.0M	75x	as long as short
Binance BCHUSDT	−0.0088%	8h	264.72	−0.041%	$71.9M	$214.9M	75x	as long as short
Extended BCH-USD	−0.0088%	1h	264.50	−0.124%	$112K	$956K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0088%	8h	265.22	+0.149%	$70.3M	$7.9M	200x	as long as short
Bitget BCHUSDT	−0.0079%	8h	264.95	+0.047%	$18.9M	$28.1M	75x	as long as short
Variational Omni BCH	−0.0074%	8h	264.20	−0.235%	$81K	$197K	—	as long as short
GRVT BCH_USDT_Perp	−0.0060%	8h	265.18	+0.135%	$387K	$17K	10x	as long as short
Gate BCH_USDT	−0.0050%	8h	264.80	−0.010%	$8.3M	$13.7M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.26	+0.164%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.96	+0.052%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.16	+0.126%	$1.0M	$10.3M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.16	+0.127%	$444K	$331K	25x	as long as short
Bybit BCHUSDT	+0.0002%	8h	264.65	−0.067%	$39.0M	$31.1M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	265.14	+0.117%	$854K	$3.0M	50x	as long as short
BingX BCH-USDC	+0.0014%	8h	264.81	−0.006%	—	$6.5M	—	as long as short
BloFin BCH-USDT	+0.0032%	8h	264.70	−0.048%	$3.9M	$4.3M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.029%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0040%	8h	265.00	+0.065%	$2K	$176	10x	as long as short
Pacifica BCHlong	+0.0077%	1h	264.83	long leg	$159K	$304K	10x
Aster BCHUSDT	+0.0096%	8h	264.97	+0.055%	$162K	$540K	75x	as long as short
Lighter BCH	+0.0096%	1h	264.79	−0.014%	$357K	$489K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.96	+0.050%	$5.7M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.36	−0.174%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.62	−0.078%	$96K	$231K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0350% / S −0.0506%	1h	265.30	+0.177%	$24K	—	100x	as long as short