Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0103%/8h= +11.2% APRpaid last 24h −0.043%

Price spread now: Kraken Futures against HTX+0.072%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$780.784% of the position

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.244%−$24 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now +0.072%, 7d avg +0.068%

Together, before fees−0.194%−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.068%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.244%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BCH-USDT	264.82	−0.0206	get 0.0206% / 8h	1h 50m	$774K	$1.4M	75x
Short	Kraken Futures PF_BCHUSD	265.01	−0.0103	pay 0.0013% / 1h	50m 30s	$846K	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.072%Rate

Funding earned: $21.56
Price spread: +0.072% → +0.068%: $0.44
Slippage, 4 orders: −$56.45
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$56.45
Costs to cover: 0.784%
Break-even: 25.3 days

Slippage from HTX: live order book, 3 min ago; Kraken Futures: 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 HTX live order book, 3 min ago	8.31 bp	15.1 bp −$15	98.7 bp −$987	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	6.23 bp	17.7 bp −$18	24.3 bp −$243	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	−0.0425%	1h	264.87	+0.019%	$2K	$8K	10x	as long as short
HTX BCH-USDTlong	−0.0206%	8h	264.82	long leg	$774K	$1.4M	75x
Phemex BCHUSDT	−0.0165%	8h	264.90	+0.030%	$5.0M	$6.6M	50x	as long as short
Kraken Futures PF_BCHUSDshort	−0.0103%	1h	265.01	+0.072%	$846K	$3.0M	50x
KuCoin BCHUSDTM	−0.0103%	8h	265.13	+0.117%	$8.5M	$6.7M	75x	as long as short
Bitget BCHUSDT	−0.0092%	8h	265.16	+0.128%	$19.0M	$28.4M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0077%	8h	265.10	+0.106%	$25.3M	$78.2M	50x	as long as short
Variational Omni BCH	−0.0074%	8h	264.81	−0.005%	$81K	$196K	—	as long as short
Extended BCH-USD	−0.0048%	1h	264.96	+0.053%	$112K	$1.1M	25x	as long as short
Binance BCHUSDT	−0.0047%	8h	265.18	+0.136%	$73.1M	$220.9M	75x	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	−0.0047%	8h	265.40	+0.219%	$70.6M	$8.5M	200x	as long as short
Bybit BCHUSDT	−0.0037%	8h	265.06	+0.091%	$38.9M	$31.8M	75x	as long as short
BingX BCH-USDT	−0.0029%	8h	265.16	+0.128%	—	$32.9M	—	as long as short
GRVT BCH_USDT_Perp	−0.0018%	8h	264.65	−0.064%	$386K	$17K	10x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.33	+0.194%	$15K	—	150x	as long as short
Nado BCH-PERP	−0.0001%	1h	264.75	−0.026%	$435K	$356K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	265.12	+0.113%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.92	+0.038%	$983K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.06	+0.090%	$441K	$333K	25x	as long as short
SunX BCH-USDT	+0.0001%	8h	264.39	−0.162%	$2K	$1.7M	30x	as long as short
Coinbase International BCH-PERP-INTX	+0.0008%	1h	264.88	+0.023%	$220K	$1.9M	50x	as long as short
Gate BCH_USDT	+0.0013%	8h	265.12	+0.113%	$8.4M	$13.8M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.032%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.94	+0.045%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0057%	8h	265.03	+0.079%	$150K	$564K	75x	as long as short
BloFin BCH-USDT	+0.0073%	8h	264.93	+0.042%	$4.0M	$4.5M	50x	as long as short
Lighter BCH	+0.0096%	1h	265.06	+0.090%	$353K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.42	+0.227%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	265.06	+0.092%	$159K	$312K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.62	−0.074%	$18K	$344K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.68	−0.053%	$95K	$238K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	265.29	+0.177%	$12K	—	100x	as long as short