Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.019%

Price spread now: Coinbase International against HTX+0.115%59s7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as 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−$670.670% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.133%−$13 on $10k

Price spread, last 3 days (all we have)−0.129%−$13 · spread now +0.115%, 7d avg +0.046%

Together, before fees−0.263%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.070% dearer against HTX than usual: you sell high and buy low (spread +0.115% now, against its 7-day average of +0.046%): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 45 hours. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BCH-USDT	268.67	0.0100	pay 0.0100% / 8h	2h 21m	$774K	$1.6M	75x
Short	Coinbase International BCH-PERP-INTX	268.98	−0.0024	pay 0.0003% / 1h	21m 15s	$246K	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.115%Rate

Funding earned: −$26.04
Price spread: +0.115% → +0.046%: $6.95
Slippage, 4 orders: −$45.01
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$86.09
Costs to cover: 0.670%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; Coinbase International: live order book, 2 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	8.56 bp	28.7 bp −$29	102.1 bp −$1,021	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	3.53 bp	13.2 bp −$13	20.3 bp −$203	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
Injective BCH/USDC PERP	−0.0304%	1h	268.50	−0.063%	$716	$110K	12x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0270%	1h	269.08	+0.152%	$440K	$247K	25x	as long as short
Phemex BCHUSDT	−0.0210%	8h	269.01	+0.127%	$4.9M	$6.3M	50x	as long as short
SoDEX BCH-USD	−0.0126%	1h	268.99	+0.119%	$2K	$6K	10x	as long as short
Extended BCH-USD	−0.0104%	1h	268.95	+0.102%	$105K	$643K	25x	as long as short
MEXC BCH_USDT	−0.0103%	8h	269.65	+0.365%	$71.5M	$6.4M	200x	as long as short
Binance BCHUSDT	−0.0102%	8h	268.95	+0.104%	$74.2M	$229.4M	75x	as long as short
Variational Omni BCH	−0.0076%	8h	268.64	−0.011%	$85K	$291K	—	as long as short
Bitget BCHUSDT	−0.0042%	8h	268.93	+0.097%	$19.9M	$28.9M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0031%	8h	268.83	+0.058%	$392K	$17K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BCHUSDT	−0.0028%	8h	268.87	+0.074%	$39.5M	$32.1M	75x	as long as short
Coinbase International BCH-PERP-INTXshort	−0.0024%	1h	268.98	+0.115%	$246K	$2.1M	50x
Gate BCH_USDT	−0.0016%	8h	268.92	+0.093%	$8.4M	$14.4M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	268.96	+0.107%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.49	+0.305%	$1.1M	$11.3M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	269.07	+0.149%	$4K	—	150x	as long as short
BingX BCH-USDC	+0.0002%	8h	268.98	+0.115%	—	$6.5M	—	as long as short
BloFin BCH-USDT	+0.0014%	8h	268.82	+0.056%	$4.0M	$4.1M	50x	as long as short
OKX BCH-USDT-SWAP	+0.0016%	8h	268.90	+0.086%	$26.4M	$76.2M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	268.97	+0.112%	$2K	$176	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	269.26	+0.220%	$807K	$3.2M	50x	as long as short
Nado BCH-PERP	+0.0095%	1h	268.90	+0.087%	$440K	$425K	10x	as long as short
Lighter BCH	+0.0096%	1h	269.06	+0.147%	$377K	$581K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.23	+0.210%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.99	+0.119%	$235K	$660K	75x	as long as short
Pacifica BCH	+0.0100%	1h	269.05	+0.142%	$170K	$461K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	269.06	+0.145%	$8.9M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.76	+0.032%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.93	+0.097%	$73K	$213K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.87	+0.074%	$2K	$2.0M	30x	as long as short
HTX BCH-USDTlong	+0.0100%	8h	268.67	long leg	$774K	$1.6M	75x
GMX BCH/USD [WBTC.b-USDC]	L +0.0373% / S −0.0574%	1h	269.10	+0.162%	$26K	—	100x	as long as short