Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0356%/8h= +38.9% APRpaid last 24h −0.013%

Price spread now: ApeX Omni against HTX+0.265%76s7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

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

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)−0.178%−$18 · spread now +0.265%, 7d avg +0.064%

Together, before fees−0.205%−$21 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 ApeX Omni is 0.201% dearer against HTX than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.064%. The two prices were read 76 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 -0.027% in total (about -1.4% 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	HTX BCH-USDT	264.62	−0.0256	get 0.0256% / 8h	4h 21m	$772K	$1.4M	75x
Short	ApeX Omni BCHUSDT	265.32	0.0100	get 0.0013% / 1h	21m 43s	$97K	$230K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.265%Rate

Funding earned: $74.69
Price spread: +0.265% → +0.064%: $20.06
Slippage, 4 orders: −$49.42
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $23.33
Costs to cover: 0.714%
Break-even: 4.8 days

Slippage from HTX: live order book, 2 min ago; ApeX Omni: live order book, 34 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, 2 min ago	5.67 bp	11.9 bp −$12	175.7 bp −$1,757	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 34 min ago	4.53 bp	12.3 bp −$12	104.0 bp −$1,040	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
SunX BCH-USDT	−0.0510%	8h	264.48	−0.053%	$1K	$1.7M	30x	as long as short
Phemex BCHUSDT	−0.0271%	8h	264.68	+0.023%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDTlong	−0.0256%	8h	264.62	long leg	$772K	$1.4M	75x
Nado BCH-PERP	−0.0255%	1h	264.57	−0.018%	$431K	$342K	10x	as long as short
SoDEX BCH-USD	−0.0189%	1h	264.71	+0.034%	$2K	$8K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	264.84	+0.083%	$218K	$1.8M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0094%	8h	264.90	+0.106%	$25.0M	$74.8M	50x	as long as short
Extended BCH-USD	−0.0088%	1h	264.68	+0.023%	$115K	$950K	25x	as long as short
KuCoin BCHUSDTM	−0.0088%	8h	264.96	+0.128%	$8.5M	$7.0M	75x	as long as short
MEXC BCH_USDT	−0.0087%	8h	265.26	+0.242%	$70.3M	$7.8M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0085%	8h	264.92	+0.115%	$72.1M	$214.0M	75x	as long as short
Variational Omni BCH	−0.0078%	8h	265.10	+0.182%	$81K	$201K	—	as long as short
Gate BCH_USDT	−0.0077%	8h	264.93	+0.117%	$8.3M	$13.6M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0076%	8h	265.47	+0.321%	$387K	$17K	10x	as long as short
Bitget BCHUSDT	−0.0073%	8h	264.89	+0.102%	$19.0M	$28.1M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.70	+0.030%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.05	+0.163%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.90	+0.106%	$1.0M	$10.3M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.84	+0.085%	$443K	$331K	25x	as long as short
BingX BCH-USDT	+0.0007%	8h	264.92	+0.113%	—	$32.1M	—	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	264.96	+0.130%	$849K	$3.0M	50x	as long as short
Bybit BCHUSDT	+0.0015%	8h	264.87	+0.094%	$39.1M	$31.0M	75x	as long as short
BloFin BCH-USDT	+0.0031%	8h	264.76	+0.053%	$3.9M	$4.3M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.109%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0037%	8h	264.69	+0.026%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	264.98	+0.138%	$159K	$307K	10x	as long as short
Lighter BCH	+0.0096%	1h	264.93	+0.116%	$359K	$488K	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	264.69	+0.025%	$166K	$516K	75x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.18	+0.212%	$5.7M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.13	+0.194%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDTshort	+0.0100%	1h	265.32	+0.265%	$97K	$230K	50x
GMX BCH/USD [WBTC.b-USDC]	L +0.0350% / S −0.0506%	1h	264.61	−0.002%	$24K	—	100x	as long as short