Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0222%/8h= −24.3% APRpaid last 24h 0.000%

Price spread now: HTX against Pacifica+0.009%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$710.714% of the position

Long on Pacifica Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.151%+$15 on $10k

Price spread, last 3 days (all we have)−0.056%−$6 · spread now +0.009%, 7d avg −0.029%

Together, before fees+0.095%+ Points / potential airdropPacifica: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.038% dearer against Pacifica than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.029%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 14 hours. Mind the row above: over the last 7 days funding on this pair paid +0.151%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.151% in total (about 7.9% 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	Pacifica BCH	268.86	0.0100	pay 0.0013% / 1h	30m 07s	$163K	$407K	10x
Short	HTX BCH-USDT	268.88	−0.0122	pay 0.0122% / 8h	7h 30m	$781K	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Pacifica. 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 PacificabpFee HTXbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$46.66
Price spread: +0.009% → −0.029%: $3.83
Slippage, 4 orders: −$51.42
Fee Pacifica: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$114.25
Costs to cover: 0.714%
Break-even: never at this rate

Slippage from Pacifica: live order book, 43 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 Pacifica live order book, 43 min ago	2.63 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	6.88 bp	32.5 bp −$33	231.4 bp −$2,314	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
Phemex BCHUSDT	−0.0662%	8h	268.60	−0.095%	$4.9M	$6.5M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0616%	1h	268.72	−0.052%	$454K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0533%	1h	268.65	−0.077%	$2K	$6K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0180%	8h	268.67	−0.070%	$391K	$17K	10x	as long as short
Variational Omni BCH	−0.0127%	8h	269.01	+0.057%	$82K	$285K	—	as long as short
HTX BCH-USDTshort	−0.0122%	8h	268.88	+0.009%	$781K	$1.6M	75x
Gate BCH_USDT	−0.0122%	8h	268.91	+0.020%	$8.5M	$14.2M	75x	as long as short
ApeX Omni BCHUSDT	−0.0107%	1h	269.29	+0.161%	$73K	$214K	50x	as long as short
Extended BCH-USD	−0.0056%	1h	268.59	−0.098%	$117K	$1.1M	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0056%	1h	268.58	−0.103%	$227K	$2.0M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0056%	8h	268.65	−0.077%	$72.8M	$230.1M	75x	as long as short
MEXC BCH_USDT	−0.0055%	8h	269.20	+0.128%	$70.5M	$6.6M	200x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	268.84	−0.007%	$857K	$3.1M	50x	as long as short
Bybit BCHUSDT	−0.0043%	8h	268.65	−0.077%	$39.7M	$32.5M	75x	as long as short
Bitget BCHUSDT	−0.0012%	8h	268.78	−0.028%	$19.3M	$29.3M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	269.12	+0.097%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.22	+0.135%	$1.1M	$10.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.85	−0.004%	$4K	—	150x	as long as short
Nado BCH-PERP	+0.0011%	1h	268.76	−0.037%	$440K	$421K	10x	as long as short
OKX BCH-USDT-SWAP	+0.0020%	8h	268.70	−0.058%	$26.1M	$76.6M	50x	as long as short
BingX BCH-USDC	+0.0024%	8h	268.73	−0.047%	—	$6.5M	—	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	268.69	−0.062%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.500%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0064%	8h	268.85	−0.002%	$3.9M	$4.3M	50x	as long as short
Lighter BCH	+0.0096%	1h	268.76	−0.037%	$370K	$530K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.13	+0.102%	$6.0M	$4.4M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.63	−0.085%	$177K	$666K	75x	as long as short
Pacifica BCHlong	+0.0100%	1h	268.86	long leg	$163K	$407K	10x
KuCoin BCHUSDTM	+0.0100%	8h	268.70	−0.058%	$9.0M	$7.6M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.60	−0.095%	$19K	$291K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.46	−0.147%	$2K	$1.9M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0334% / S −0.0451%	1h	268.82	−0.012%	$25K	—	100x	as long as short