Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Hyperliquid against ApeX Omni+0.052%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$380.385% of the position

Long on ApeX Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 3 days (all we have)−0.127%−$13 · spread now +0.052%, 7d avg −0.005%

Together, before fees−0.200%+ Points / potential airdropHyperliquid: Season 2 · farm board−$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.056% dearer against ApeX Omni than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BCHUSDT	270.36	0.0100	pay 0.0013% / 1h	15m 18s	$73K	$213K	50x
Short	Hyperliquid BCH	270.50	0.0100	get 0.0013% / 1h	15m 18s	$6.1M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against ApeX Omni. 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 ApeX OmnibpFee HyperliquidbpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → −0.005%: $5.65
Slippage, 4 orders: −$19.48
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$32.83
Costs to cover: 0.385%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 1 min ago; Hyperliquid: live order book, 7 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 ApeX Omni live order book, 1 min ago	3.33 bp	11.1 bp −$11	105.6 bp −$1,056	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	1.11 bp	8.8 bp −$9	doesn't fit	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
Deribit BCH_USDC-PERPETUAL	−0.0600%	1h	270.22	−0.051%	$458K	$265K	25x	as long as short
Phemex BCHUSDT	−0.0188%	8h	270.23	−0.048%	$4.9M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0161%	1h	270.16	−0.074%	$2K	$6K	10x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	270.20	−0.059%	$721	$130K	12x	as long as short
Variational Omni BCH	−0.0115%	8h	269.72	−0.238%	$83K	$294K	—	as long as short
Bybit BCHUSDT	−0.0062%	8h	270.00	−0.133%	$39.5M	$33.0M	75x	as long as short
Extended BCH-USD	−0.0048%	1h	269.93	−0.158%	$117K	$653K	25x	as long as short
Binance BCHUSDT	−0.0046%	8h	270.14	−0.082%	$75.2M	$234.1M	75x	as long as short
MEXC BCH_USDT	−0.0046%	8h	270.72	+0.133%	$70.9M	$6.6M	200x	as long as short
dYdX BCH-USD	0.0000%	1h	270.23	−0.048%	$5K	$248	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXBCHPERP	0.0000%	8h	270.47	+0.041%	$1.3M	$11.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	270.25	−0.043%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0005%	8h	270.19	−0.063%	$8.4M	$14.9M	75x	as long as short
Bitget BCHUSDT	+0.0015%	8h	270.17	−0.070%	$19.5M	$29.4M	75x	as long as short
Coinbase International BCH-PERP-INTX	+0.0016%	1h	270.97	+0.226%	$243K	$2.1M	50x	as long as short
GRVT BCH_USDT_Perp	+0.0018%	8h	270.08	−0.104%	$394K	$17K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0024%	8h	270.14	−0.081%	$2K	$176	10x	as long as short
OKX BCH-USDT-SWAP	+0.0066%	8h	270.10	−0.096%	$26.4M	$78.4M	50x	as long as short
BingX BCH-USDC	+0.0071%	8h	270.09	−0.100%	—	$6.5M	—	as long as short
BloFin BCH-USDT	+0.0074%	8h	269.99	−0.137%	$4.0M	$4.2M	50x	as long as short
Nado BCH-PERP	+0.0095%	1h	270.00	−0.133%	$443K	$428K	10x	as long as short
Lighter BCH	+0.0096%	1h	270.20	−0.059%	$378K	$588K	10x	as long as short
Hyperliquid BCHshort	+0.0100%	1h	270.50	+0.052%	$6.1M	$4.2M	10x
Aster BCHUSDT	+0.0100%	8h	270.17	−0.070%	$218K	$703K	75x	as long as short
Pacifica BCH	+0.0100%	1h	270.10	−0.097%	$164K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	270.21	−0.055%	$9.3M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	270.10	−0.095%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDTlong	+0.0100%	1h	270.36	long leg	$73K	$213K	50x
SunX BCH-USDT	+0.0100%	8h	269.97	−0.144%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	270.26	−0.037%	$777K	$1.7M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0112%	1h	270.45	+0.035%	$819K	$3.2M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0342% / S −0.0467%	1h	270.35	−0.002%	$26K	—	100x	as long as short