Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0384%/8h= −42.0% APRpaid last 24h +0.024%

Price spread now: HTX against Coinbase International−0.030%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1041.038% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.142%+$14 on $10k

Price spread, last 3 days (all we have)+0.040%+$4 · spread now −0.030%, 7d avg −0.046%

Together, before fees+0.182%+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.046%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.142%, 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 0.142% in total (about 7.4% 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	Coinbase International BCH-PERP-INTX	264.26	−0.0128	get 0.0016% / 1h	53m 36s	$230K	$1.8M	50x
Short	HTX BCH-USDT	264.18	−0.0512	pay 0.0512% / 8h	5h 53m	$771K	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Coinbase International. 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 Coinbase InternationalbpFee HTXbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$80.64
Price spread: −0.030% → −0.046%: $1.59
Slippage, 4 orders: −$81.85
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$182.89
Costs to cover: 1.038%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; HTX: live order book, 5 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 Coinbase International live order book, 5 min ago	6.23 bp	14.1 bp −$14	20.9 bp −$209	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	11.89 bp	56.3 bp −$56	137.4 bp −$1,374	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	−0.1837%	8h	264.56	+0.114%	$2K	$1.7M	30x	as long as short
ApeX Omni BCHUSDT	−0.0915%	1h	264.48	+0.083%	$96K	$226K	50x	as long as short
HTX BCH-USDTshort	−0.0512%	8h	264.18	−0.030%	$771K	$1.4M	75x
SoDEX BCH-USD	−0.0481%	1h	264.36	+0.038%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0423%	8h	264.17	−0.034%	$4.9M	$6.6M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0355%	1h	264.39	+0.048%	$447K	$253K	25x	as long as short
GRVT BCH_USDT_Perp	−0.0201%	8h	264.09	−0.064%	$385K	$17K	10x	as long as short
Nado BCH-PERP	−0.0183%	1h	264.12	−0.054%	$417K	$339K	10x	as long as short
Coinbase International BCH-PERP-INTXlong	−0.0128%	1h	264.26	long leg	$230K	$1.8M	50x
Gate BCH_USDT	−0.0115%	8h	264.21	−0.019%	$8.3M	$13.1M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0114%	8h	264.17	−0.034%	$71.5M	$214.6M	75x	as long as short
Extended BCH-USD	−0.0112%	1h	264.07	−0.072%	$112K	$953K	25x	as long as short
MEXC BCH_USDT	−0.0112%	8h	264.46	+0.076%	$69.8M	$6.6M	200x	as long as short
Variational Omni BCH	−0.0109%	8h	265.41	+0.434%	$81K	$201K	—	as long as short
OKX BCH-USDT-SWAP	−0.0074%	8h	264.10	−0.061%	$25.1M	$73.7M	50x	as long as short
Bitget BCHUSDT	−0.0053%	8h	264.16	−0.038%	$18.9M	$28.2M	75x	as long as short
Bybit BCHUSDT	−0.0048%	8h	264.20	−0.023%	$39.1M	$31.0M	75x	as long as short
BingX BCH-USDT	−0.0041%	8h	264.12	−0.053%	—	$32.2M	—	as long as short
Kraken Futures PF_BCHUSD	−0.0031%	1h	264.56	+0.112%	$848K	$3.0M	50x	as long as short
KuCoin BCHUSDTM	−0.0025%	8h	264.22	−0.015%	$8.5M	$7.3M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	264.35	+0.035%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.84	+0.219%	$1.1M	$10.1M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	264.42	+0.061%	$4K	—	150x	as long as short
Pacifica BCH	+0.0021%	1h	264.18	−0.029%	$161K	$317K	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.248%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0034%	8h	264.32	+0.023%	$2K	$176	10x	as long as short
Lighter BCH	+0.0040%	1h	264.14	−0.045%	$364K	$477K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.36	+0.038%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	264.36	+0.038%	$167K	$519K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.55	+0.111%	$19K	$291K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	264.37	+0.040%	$25K	—	100x	as long as short