Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0300%/8h= −32.8% APRpaid last 24h +0.013%

Price spread now: HTX against ApeX Omni−0.125%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$660.660% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 4 days (all we have)+0.092%+$9 · spread now −0.125%, 7d avg −0.065%

Together, before fees+0.119%+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and HTX is 0.059% cheaper against ApeX Omni than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.065%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.027% in total (about 1.4% 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	ApeX Omni BCHUSDT	264.62	0.0100	pay 0.0013% / 1h	44m 27s	$95K	$237K	50x
Short	HTX BCH-USDT	264.29	−0.0200	pay 0.0200% / 8h	1h 44m	$773K	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against ApeX Omni. 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 ApeX OmnibpFee HTXbpOrdersPrice spread, now −0.125%Rate

Funding earned: −$62.91
Price spread: −0.125% → −0.065%: −$5.94
Slippage, 4 orders: −$43.98
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$134.82
Costs to cover: 0.660%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 62 min ago; HTX: 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 ApeX Omni live order book, 62 min ago	4.55 bp	12.5 bp −$13	100.2 bp −$1,002	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	5.48 bp	29.6 bp −$30	88.6 bp −$886	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	−0.0429%	1h	264.95	+0.125%	$2K	$8K	10x	as long as short
HTX BCH-USDTshort	−0.0200%	8h	264.29	−0.125%	$773K	$1.4M	75x
Phemex BCHUSDT	−0.0157%	8h	265.04	+0.159%	$5.0M	$6.6M	50x	as long as short
KuCoin BCHUSDTM	−0.0105%	8h	264.98	+0.136%	$8.5M	$6.7M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0103%	1h	264.73	+0.041%	$861K	$3.0M	50x	as long as short
Bitget BCHUSDT	−0.0091%	8h	264.57	−0.019%	$18.9M	$28.4M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0083%	8h	264.50	−0.045%	$25.3M	$78.1M	50x	as long as short
Variational Omni BCH	−0.0076%	8h	264.10	−0.195%	$81K	$196K	—	as long as short
MEXC BCH_USDT	−0.0049%	8h	265.02	+0.151%	$70.4M	$8.5M	200x	as long as short
Binance BCHUSDT	−0.0049%	8h	264.71	+0.035%	$72.9M	$221.2M	75x	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	−0.0048%	1h	264.40	−0.082%	$112K	$1.1M	25x	as long as short
Bybit BCHUSDT	−0.0044%	8h	264.58	−0.015%	$38.9M	$31.9M	75x	as long as short
BingX BCH-USDC	−0.0030%	8h	264.67	+0.019%	—	$6.5M	—	as long as short
GRVT BCH_USDT_Perp	−0.0023%	8h	264.47	−0.056%	$386K	$17K	10x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.88	+0.100%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.13	+0.194%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.02	+0.151%	$985K	$10.5M	2.7x	as long as short
Gate BCH_USDT	+0.0001%	8h	264.80	+0.068%	$8.4M	$13.8M	75x	as long as short
Nado BCH-PERP	+0.0003%	1h	264.68	+0.024%	$435K	$356K	10x	as long as short
Coinbase International BCH-PERP-INTX	+0.0008%	1h	264.62	0.000%	$225K	$1.9M	50x	as long as short
SunX BCH-USDT	+0.0019%	8h	264.66	+0.015%	$1K	$1.7M	30x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.109%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.56	−0.023%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0052%	8h	264.70	+0.031%	$149K	$590K	75x	as long as short
BloFin BCH-USDT	+0.0070%	8h	264.98	+0.136%	$4.0M	$4.5M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.88	+0.100%	$353K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.86	+0.091%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	264.96	+0.128%	$159K	$312K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.44	−0.068%	$18K	$345K	20x	as long as short
ApeX Omni BCHUSDTlong	+0.0100%	1h	264.62	long leg	$95K	$237K	50x
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.86	+0.092%	$12K	—	100x	as long as short
Deribit BCH_USDC-PERPETUAL	+2.4752%	1h	271.40	+2.563%	$452K	$334K	25x	as long as short