Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0255%/8h= −27.9% APRpaid last 24h −0.044%

Price spread now: Kraken Futures against HTX+0.026%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1071.068% of the position

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.245%−$24 on $10k

Price spread, last 3 days (all we have)+0.083%+$8 · spread now +0.026%, 7d avg +0.066%

Together, before fees−0.162%−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Kraken Futures is 0.040% cheaper against HTX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.066%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BCH-USDT	265.60	−0.0044	get 0.0044% / 8h	6h 45m	$776K	$1.6M	75x
Short	Kraken Futures PF_BCHUSD	265.67	−0.0299	pay 0.0037% / 1h	45m 53s	$850K	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$53.56
Price spread: +0.026% → +0.066%: −$3.97
Slippage, 4 orders: −$84.77
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$164.3
Costs to cover: 1.068%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; Kraken Futures: live order book, 3 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	12.03 bp	19.5 bp −$20	164.6 bp −$1,646	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	3.95 bp	14.7 bp −$15	27.0 bp −$270	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
SoDEX BCH-USD	−0.0503%	1h	265.45	−0.056%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0446%	8h	265.39	−0.079%	$4.9M	$6.5M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0439%	1h	265.56	−0.016%	$449K	$266K	25x	as long as short
Kraken Futures PF_BCHUSDshort	−0.0299%	1h	265.67	+0.026%	$850K	$3.1M	50x
GRVT BCH_USDT_Perp	−0.0195%	8h	266.22	+0.232%	$388K	$17K	10x	as long as short
Gate BCH_USDT	−0.0157%	8h	265.32	−0.105%	$8.3M	$13.2M	75x	as long as short
Variational Omni BCH	−0.0125%	8h	265.41	−0.072%	$81K	$285K	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0112%	1h	266.10	+0.188%	$236K	$2.1M	50x	as long as short
Binance BCHUSDT	−0.0088%	8h	265.16	−0.164%	$71.7M	$233.5M	75x	as long as short
Extended BCH-USD	−0.0088%	1h	265.17	−0.160%	$112K	$965K	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	−0.0087%	8h	265.69	+0.034%	$69.7M	$6.8M	200x	as long as short
Bybit BCHUSDT	−0.0078%	8h	265.26	−0.128%	$39.1M	$33.2M	75x	as long as short
ApeX Omni BCHUSDT	−0.0073%	1h	266.30	+0.264%	$97K	$226K	50x	as long as short
HTX BCH-USDTlong	−0.0044%	8h	265.60	long leg	$776K	$1.6M	75x
Bitget BCHUSDT	−0.0032%	8h	265.16	−0.166%	$19.0M	$29.3M	75x	as long as short
Nado BCH-PERP	−0.0030%	1h	265.67	+0.026%	$434K	$425K	10x	as long as short
OKX BCH-USDT-SWAP	−0.0029%	8h	265.10	−0.188%	$25.8M	$76.5M	50x	as long as short
BingX BCH-USDT	−0.0023%	8h	265.40	−0.075%	—	$32.3M	—	as long as short
SunX BCH-USDT	−0.0011%	8h	265.29	−0.117%	$2K	$1.9M	30x	as long as short
dYdX BCH-USD	0.0000%	1h	265.96	+0.136%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.99	+0.147%	$1.1M	$11.0M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.63	+0.012%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0029%	8h	265.44	−0.060%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.732%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0034%	8h	266.13	+0.200%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0040%	1h	265.69	+0.035%	$162K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0071%	8h	265.53	−0.026%	$8.6M	$7.6M	75x	as long as short
Lighter BCH	+0.0096%	1h	265.21	−0.148%	$365K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.44	−0.060%	$5.8M	$5.0M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.52	−0.030%	$165K	$688K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.11	+0.191%	$19K	$292K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.63	+0.010%	$25K	—	100x	as long as short