Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0364%/8h= +39.8% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against HTX+0.185%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$740.744% of the position

Long on HTX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 3 days (all we have)−0.100%−$10 · spread now +0.185%, 7d avg +0.067%

Together, before fees−0.189%+ Points / potential airdropHyperliquid: Season 2 · farm board−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Hyperliquid is 0.117% dearer against HTX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.067%. Mind the row above: over the last 7 days funding on this pair cost −0.088%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.088% in total (about -4.6% 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	HTX BCH-USDT	265.39	−0.0264	get 0.0264% / 8h	6h 27m	$778K	$1.6M	75x
Short	Hyperliquid BCH	265.88	0.0100	get 0.0013% / 1h	27m 57s	$5.8M	$5.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against HTX. 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 HTXbpFee HyperliquidbpOrdersPrice spread, now +0.185%Rate

Funding earned: $76.4
Price spread: +0.185% → +0.067%: $11.72
Slippage, 4 orders: −$53.42
Fee HTX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $13.7
Costs to cover: 0.744%
Break-even: 5.7 days

Slippage from HTX: live order book, 1 min ago; Hyperliquid: 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 HTX live order book, 1 min ago	6.41 bp	17.7 bp −$18	107.5 bp −$1,075	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 4 min ago	0.94 bp	7.0 bp −$7	doesn't fit	doesn't fit	doesn't fit

BCH on 31 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	−0.0726%	8h	265.47	+0.030%	$1K	$1.9M	30x	as long as short
SoDEX BCH-USD	−0.0505%	1h	265.60	+0.079%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0415%	8h	265.57	+0.068%	$4.9M	$6.6M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0356%	1h	265.73	+0.126%	$449K	$266K	25x	as long as short
Kraken Futures PF_BCHUSD	−0.0299%	1h	265.92	+0.199%	$852K	$3.2M	50x	as long as short
HTX BCH-USDTlong	−0.0264%	8h	265.39	long leg	$778K	$1.6M	75x
GRVT BCH_USDT_Perp	−0.0189%	8h	264.31	−0.408%	$385K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0183%	1h	264.90	−0.185%	$96K	$227K	50x	as long as short
Variational Omni BCH	−0.0117%	8h	264.71	−0.257%	$81K	$253K	—	as long as short
Gate BCH_USDT	−0.0116%	8h	265.69	+0.113%	$8.4M	$13.5M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTX	−0.0112%	1h	265.07	−0.121%	$231K	$2.1M	50x	as long as short
Extended BCH-USD	−0.0096%	1h	265.20	−0.072%	$112K	$965K	25x	as long as short
Binance BCHUSDT	−0.0093%	8h	265.53	+0.054%	$71.9M	$234.7M	75x	as long as short
MEXC BCH_USDT	−0.0092%	8h	265.70	+0.117%	$70.1M	$7.0M	200x	as long as short
Bybit BCHUSDT	−0.0061%	8h	265.50	+0.041%	$39.2M	$33.4M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0044%	8h	265.40	+0.004%	$25.3M	$79.1M	50x	as long as short
Bitget BCHUSDT	−0.0040%	8h	265.56	+0.064%	$19.0M	$29.6M	75x	as long as short
BingX BCH-USDT	−0.0030%	8h	265.65	+0.098%	—	$32.3M	—	as long as short
Nado BCH-PERP	−0.0025%	1h	265.26	−0.048%	$421K	$427K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	265.30	−0.033%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.68	+0.109%	$1.1M	$11.1M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.76	+0.141%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0032%	8h	265.63	+0.090%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.812%	$721	$130K	12x	as long as short
KuCoin BCHUSDTM	+0.0038%	8h	265.59	+0.075%	$8.6M	$7.5M	75x	as long as short
Pacifica BCH	+0.0040%	1h	265.12	−0.100%	$161K	$404K	10x	as long as short
Lighter BCH	+0.0096%	1h	265.69	+0.113%	$366K	$478K	10x	as long as short
Hyperliquid BCHshort	+0.0100%	1h	265.88	+0.185%	$5.8M	$5.1M	10x
Aster BCHUSDT	+0.0100%	8h	265.73	+0.129%	$168K	$697K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.73	−0.250%	$19K	$292K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.68	+0.108%	$25K	—	100x	as long as short