Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h +0.028%

Price spread now: HTX against Extended+0.172%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$670.670% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.175%+$17 on $10k

Price spread, last 4 days (all we have)−0.194%−$19 · spread now +0.172%, 7d avg +0.037%

Together, before fees−0.019%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.134% dearer against Extended than usual: you sell high and buy low (spread +0.172% now, against its 7-day average of +0.037%): +$13 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.175%, 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	Extended BCH-USD	263.78	−0.0056	get 0.0007% / 1h	49m 37s	$111K	$1.1M	25x
Short	HTX BCH-USDT	264.23	−0.0236	pay 0.0236% / 8h	2h 49m	$774K	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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 ExtendedbpFee HTXbpOrdersPrice spread, now +0.172%Rate

Funding earned: −$37.87
Price spread: +0.172% → +0.037%: $13.45
Slippage, 4 orders: −$50.04
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$91.46
Costs to cover: 0.670%
Break-even: never at this rate

Slippage from Extended: live order book, 4 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 Extended live order book, 4 min ago	0.95 bp	8.2 bp −$8	42.0 bp −$420	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	10.25 bp	35.0 bp −$35	203.9 bp −$2,039	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
HTX BCH-USDTshort	−0.0236%	8h	264.23	+0.172%	$774K	$1.4M	75x
Phemex BCHUSDT	−0.0215%	8h	263.88	+0.039%	$5.0M	$6.5M	50x	as long as short
Nado BCH-PERP	−0.0184%	1h	263.91	+0.049%	$431K	$349K	10x	as long as short
SunX BCH-USDT	−0.0133%	8h	263.94	+0.062%	$1K	$1.7M	30x	as long as short
Bitget BCHUSDT	−0.0105%	8h	263.92	+0.054%	$18.8M	$28.3M	75x	as long as short
KuCoin BCHUSDTM	−0.0097%	8h	264.04	+0.100%	$8.5M	$6.8M	75x	as long as short
SoDEX BCH-USD	−0.0097%	1h	263.89	+0.043%	$2K	$8K	10x	as long as short
OKX BCH-USDT-SWAP	−0.0079%	8h	263.90	+0.046%	$25.1M	$76.3M	50x	as long as short
Variational Omni BCH	−0.0070%	8h	264.10	+0.124%	$81K	$196K	—	as long as short
Extended BCH-USDlong	−0.0056%	1h	263.78	long leg	$111K	$1.1M	25x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0056%	8h	264.45	+0.255%	$69.9M	$8.0M	200x	as long as short
Binance BCHUSDT	−0.0055%	8h	263.95	+0.065%	$71.7M	$216.4M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0040%	1h	264.67	+0.338%	$220K	$1.8M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0029%	8h	264.19	+0.155%	$385K	$17K	10x	as long as short
Bybit BCHUSDT	−0.0016%	8h	263.86	+0.031%	$38.8M	$31.4M	75x	as long as short
BingX BCH-USDT	−0.0012%	8h	263.98	+0.077%	—	$32.9M	—	as long as short
Gate BCH_USDT	−0.0009%	8h	263.99	+0.081%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.33	+0.211%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.20	+0.160%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.58	+0.304%	$988K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.18	+0.152%	$442K	$332K	25x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.435%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.09	+0.118%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0062%	8h	264.29	+0.194%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0076%	8h	264.00	+0.083%	$153K	$549K	75x	as long as short
Lighter BCH	+0.0096%	1h	263.99	+0.082%	$354K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.17	+0.148%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	263.98	+0.076%	$159K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.60	−0.067%	$18K	$330K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.24	+0.175%	$96K	$235K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0180%	1h	264.13	+0.133%	$846K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.28	+0.190%	$12K	—	100x	as long as short