Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0233%/8h= −25.6% APRpaid last 24h +0.033%

Price spread now: HTX against Injective−2.150%65s7-day average −0.158% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+3.434%+$343 · spread now −2.150%, 7d avg −0.158%

Together, before fees+3.417%+$342 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and HTX is 1.992% cheaper against Injective than usual: you would sell low and buy high (−$199 if the spread goes back to its 7-day average of −0.158%). Swap the legs. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.018% in total (about -0.9% 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	Injective BCH/USDC PERP	270.20	0.0033	pay 0.0004% / 1h	45m 27s	$721	$130K	12x
Short	HTX BCH-USDT	264.39	−0.0200	pay 0.0200% / 8h	1h 45m	$773K	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Injective. 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 InjectivebpFee HTXbpOrdersPrice spread, now −2.150%Rate

Funding earned: −$49
Price spread: −2.150% → −0.158%: −$199.2
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: −$260.22
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; HTX: live order book, 3 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell HTX live order book, 3 min ago	5.48 bp	29.6 bp −$30	88.6 bp −$886	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0441%	1h	264.30	−2.184%	$2K	$8K	10x	as long as short
HTX BCH-USDTshort	−0.0200%	8h	264.39	−2.150%	$773K	$1.4M	75x
Phemex BCHUSDT	−0.0160%	8h	264.25	−2.202%	$4.9M	$6.6M	50x	as long as short
KuCoin BCHUSDTM	−0.0107%	8h	265.06	−1.902%	$8.5M	$6.7M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0103%	1h	264.40	−2.147%	$844K	$3.0M	50x	as long as short
Bitget BCHUSDT	−0.0092%	8h	264.71	−2.032%	$18.9M	$28.4M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0082%	8h	264.70	−2.036%	$25.2M	$78.2M	50x	as long as short
Variational Omni BCH	−0.0076%	8h	264.10	−2.256%	$81K	$196K	—	as long as short
Binance BCHUSDT	−0.0050%	8h	264.97	−1.936%	$73.0M	$221.1M	75x	as long as short
Extended BCH-USD	−0.0048%	1h	264.19	−2.224%	$112K	$1.1M	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	−0.0048%	8h	265.12	−1.880%	$70.4M	$8.5M	200x	as long as short
Bybit BCHUSDT	−0.0045%	8h	264.70	−2.036%	$38.9M	$31.9M	75x	as long as short
BingX BCH-USDC	−0.0029%	8h	264.88	−1.969%	—	$6.5M	—	as long as short
GRVT BCH_USDT_Perp	−0.0023%	8h	264.47	−2.120%	$386K	$17K	10x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.13	−1.876%	$15K	—	150x	as long as short
Nado BCH-PERP	−0.0002%	1h	264.60	−2.073%	$435K	$356K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	264.40	−2.145%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.61	−2.069%	$983K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.41	−2.142%	$440K	$334K	25x	as long as short
Gate BCH_USDT	+0.0001%	8h	264.37	−2.158%	$8.3M	$13.8M	75x	as long as short
Coinbase International BCH-PERP-INTX	+0.0008%	1h	265.18	−1.858%	$220K	$1.9M	50x	as long as short
SunX BCH-USDT	+0.0014%	8h	264.09	−2.261%	$1K	$1.7M	30x	as long as short
Injective BCH/USDC PERPlong	+0.0033%	1h	270.20	long leg	$721	$130K	12x
Orderly PERP_BCH_USDC	+0.0046%	8h	264.27	−2.195%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0052%	8h	264.85	−1.978%	$149K	$590K	75x	as long as short
BloFin BCH-USDT	+0.0071%	8h	264.33	−2.172%	$4.0M	$4.5M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.26	−2.199%	$352K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.01	−1.921%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	264.22	−2.214%	$158K	$312K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.44	−2.131%	$18K	$345K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.62	−2.065%	$95K	$237K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	265.16	−1.865%	$12K	—	100x	as long as short