Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.006%
Price spread now: Hyperliquid against Bybit+0.261%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$350.354% of the position
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 7 days−0.195%−$20 · spread now +0.261%, 7d avg +0.062%
=Together, before fees−0.165%+ Points / potential airdropHyperliquid: Season 2 · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.199% dearer against Bybit than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.062%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BCHUSDT | 271.90 | 0 | get 0.0000% / 8h | 1h 41m | $39.9M | $32.7M | 75x |
| Short | Hyperliquid BCH | 272.61 | 0.0100 | get 0.0013% / 1h | 41m 34s | $6.1M | $4.2M | 10x |
Bybit BCHUSDT
Hyperliquid BCHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21
- Price spread: +0.261% → +0.062%
- $19.88
- Slippage, 4 orders
- −$15.36
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $5.52
- Costs to cover
- 0.354%
- Break-even
- 5.2 days
Slippage from Bybit: live order book, 2 min ago; Hyperliquid: live order book, 10 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 Bybit live order book, 2 min ago | 1.84 bp | 10.8 bp −$11 | 13.9 bp −$139 | 64.5 bp −$6,449 | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 0.93 bp | 7.9 bp −$8 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex BCHUSDT | −0.0221% | 8h | 271.97 | +0.026% | $5.0M | $6.3M | 50x | as long as short |
| Injective BCH/USDC PERP | −0.0154% | 1h | 270.20 | −0.625% | $721 | $130K | 12x | as long as short |
| Variational Omni BCH | −0.0073% | 8h | 270.32 | −0.580% | $86K | $291K | — | as long as short |
| MEXC BCH_USDT | −0.0065% | 8h | 272.64 | +0.272% | $72.0M | $6.4M | 200x | as long as short |
| Extended BCH-USD | −0.0064% | 1h | 272.07 | +0.062% | $117K | $653K | 25x | as long as short |
| Binance BCHUSDT | −0.0064% | 8h | 272.07 | +0.061% | $75.7M | $232.5M | 75x | as long as short |
| SoDEX BCH-USD | −0.0037% | 1h | 272.00 | +0.037% | $2K | $6K | 10x | as long as short |
| Gate BCH_USDT | −0.0013% | 8h | 272.06 | +0.059% | $8.5M | $14.7M | 75x | as long as short |
| Bitget BCHUSDT | −0.0010% | 8h | 272.01 | +0.040% | $20.2M | $29.0M | 75x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 272.07 | +0.063% | $5K | $248 | 10x | as long as short |
Phemex BCHUSDT
Injective BCH/USDC PERP
Variational Omni BCH
MEXC BCH_USDT
Extended BCH-USD
Binance BCHUSDT
SoDEX BCH-USD
Gate BCH_USDT
Bitget BCHUSDT
dYdX BCH-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BCHUSDTlong | 0.0000% | 8h | 271.90 | long leg | $39.9M | $32.7M | 75x | |
| Kalshi KXBCHPERP | 0.0000% | 8h | 272.04 | +0.051% | $1.1M | $11.6M | 2.7x | as long as short |
| Deribit BCH_USDC-PERPETUAL | 0.0000% | 1h | 272.19 | +0.107% | $461K | $265K | 25x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 272.16 | +0.094% | $5K | — | 150x | as long as short |
| GRVT BCH_USDT_Perp | +0.0007% | 8h | 270.52 | −0.506% | $394K | $17K | 10x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0016% | 1h | 271.57 | −0.121% | $234K | $2.1M | 50x | as long as short |
| Orderly PERP_BCH_USDC | +0.0026% | 8h | 272.04 | +0.051% | $2K | $176 | 10x | as long as short |
| BingX BCH-USDT | +0.0051% | 8h | 272.12 | +0.081% | — | $30.5M | — | as long as short |
| BloFin BCH-USDT | +0.0055% | 8h | 271.59 | −0.114% | $4.0M | $4.2M | 50x | as long as short |
| OKX BCH-USDT-SWAP | +0.0061% | 8h | 272.00 | +0.037% | $26.3M | $78.4M | 50x | as long as short |
| Nado BCH-PERP | +0.0078% | 1h | 271.93 | +0.010% | $447K | $427K | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 272.11 | +0.077% | $380K | $584K | 10x | as long as short |
| Hyperliquid BCHshort | +0.0100% | 1h | 272.61 | +0.261% | $6.1M | $4.2M | 10x | |
| Aster BCHUSDT | +0.0100% | 8h | 272.12 | +0.082% | $222K | $700K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 272.10 | +0.075% | $165K | $468K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 272.09 | +0.070% | $9.0M | $7.9M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 271.41 | −0.182% | $19K | $288K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 270.72 | −0.434% | $73K | $214K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 271.83 | −0.026% | $1K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 271.91 | +0.004% | $792K | $1.7M | 75x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0112% | 1h | 272.28 | +0.140% | $813K | $3.2M | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0342% / S −0.0467% | 1h | 272.25 | +0.129% | $26K | — | 100x | as long as short |
Kalshi KXBCHPERP
Deribit BCH_USDC-PERPETUAL
gTrade (Gains Network) BCH/USD
GRVT BCH_USDT_Perp
Coinbase International BCH-PERP-INTX
Orderly PERP_BCH_USDC
BingX BCH-USDT
BloFin BCH-USDT
OKX BCH-USDT-SWAP
Nado BCH-PERP
Lighter BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
Kraken Futures PF_BCHUSD
GMX BCH/USD [WBTC.b-USDC]