Funding you earn now, next payment 23:00 UTC+0.0132%/8h= +14.5% APRnext payment +$0.17 per $10,000 · paid last 24h +0.019%
Price spread now: Hyperliquid against Coinbase International+0.153%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$420.421% of the position
Funding, last 7 days+0.045%+$4 on $10k
+Price spread, last 3 days (all we have)+0.004%$0 · spread now +0.153%, 7d avg +0.019%
=Together, before fees+0.049%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.134% dearer against Coinbase International than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International BCH-PERP-INTX | 268.62 | −0.0032 | get 0.0004% / 1h | 37m 05s | $238K | $2.2M | 50x |
| Short | Hyperliquid BCH | 269.03 | 0.0100 | get 0.0013% / 1h | 37m 05s | $6.0M | $4.3M | 10x |
Coinbase International BCH-PERP-INTX
Hyperliquid BCHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Coinbase International. 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
- $27.72
- Price spread: +0.153% → +0.019%
- $13.4
- Slippage, 4 orders
- −$23.06
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$0.94
- Costs to cover
- 0.421%
- Break-even
- 7.2 days
Slippage from Coinbase International: live order book, 2 min ago; Hyperliquid: live order book, 5 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 Coinbase International live order book, 2 min ago | 6.11 bp | 13.7 bp −$14 | 19.2 bp −$192 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 0.55 bp | 8.3 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit BCH_USDC-PERPETUAL | −0.0527% | 1h | 268.63 | +0.004% | $454K | $266K | 25x | as long as short |
| Phemex BCHUSDT | −0.0162% | 8h | 268.69 | +0.026% | $4.9M | $6.5M | 50x | as long as short |
| Variational Omni BCH | −0.0139% | 8h | 270.42 | +0.669% | $83K | $294K | — | as long as short |
| SoDEX BCH-USD | −0.0137% | 1h | 268.42 | −0.074% | $2K | $6K | 10x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0125% | 1h | 268.73 | +0.041% | $828K | $3.2M | 50x | as long as short |
| Bybit BCHUSDT | −0.0085% | 8h | 268.61 | −0.004% | $39.4M | $33.5M | 75x | as long as short |
| Injective BCH/USDC PERP | −0.0054% | 1h | 270.20 | +0.588% | $721 | $130K | 12x | as long as short |
| Coinbase International BCH-PERP-INTXlong | −0.0032% | 1h | 268.62 | long leg | $238K | $2.2M | 50x | |
| Extended BCH-USD | −0.0024% | 1h | 268.36 | −0.098% | $116K | $653K | 25x | as long as short |
| Binance BCHUSDT | −0.0021% | 8h | 268.85 | +0.086% | $74.7M | $237.2M | 75x | as long as short |
Deribit BCH_USDC-PERPETUAL
Phemex BCHUSDT
Variational Omni BCH
SoDEX BCH-USD
Kraken Futures PF_BCHUSD
Bybit BCHUSDT
Injective BCH/USDC PERP
Extended BCH-USD
Binance BCHUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BCH_USDT | −0.0021% | 8h | 269.08 | +0.171% | $70.4M | $6.7M | 200x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 269.24 | +0.230% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 268.94 | +0.119% | $1.3M | $12.0M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 268.95 | +0.124% | $4K | — | 150x | as long as short |
| Gate BCH_USDT | +0.0008% | 8h | 268.61 | −0.004% | $8.4M | $14.5M | 75x | as long as short |
| Orderly PERP_BCH_USDC | +0.0028% | 8h | 268.57 | −0.019% | $2K | $176 | 10x | as long as short |
| GRVT BCH_USDT_Perp | +0.0031% | 8h | 270.56 | +0.723% | $394K | $17K | 10x | as long as short |
| Bitget BCHUSDT | +0.0036% | 8h | 268.61 | −0.004% | $19.2M | $30.4M | 75x | as long as short |
| OKX BCH-USDT-SWAP | +0.0041% | 8h | 268.70 | +0.030% | $26.4M | $79.4M | 50x | as long as short |
| BingX BCH-USDC | +0.0053% | 8h | 268.66 | +0.015% | — | $6.5M | — | as long as short |
| Lighter BCH | +0.0096% | 1h | 268.66 | +0.016% | $371K | $555K | 10x | as long as short |
| BloFin BCH-USDT | +0.0099% | 8h | 268.74 | +0.045% | $4.0M | $4.2M | 50x | as long as short |
| Nado BCH-PERP | +0.0100% | 1h | 268.88 | +0.096% | $449K | $440K | 10x | as long as short |
| Hyperliquid BCHshort | +0.0100% | 1h | 269.03 | +0.153% | $6.0M | $4.3M | 10x | |
| Aster BCHUSDT | +0.0100% | 8h | 268.77 | +0.054% | $216K | $709K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 269.10 | +0.179% | $164K | $467K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 268.56 | −0.022% | $9.2M | $7.9M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 270.37 | +0.652% | $19K | $290K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 270.38 | +0.655% | $73K | $214K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 268.32 | −0.112% | $2K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 269.10 | +0.179% | $774K | $1.7M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0334% / S −0.0340% | 1h | 268.90 | +0.105% | $27K | — | 100x | as long as short |
MEXC BCH_USDT
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Gate BCH_USDT
Orderly PERP_BCH_USDC
GRVT BCH_USDT_Perp
Bitget BCHUSDT
OKX BCH-USDT-SWAP
BingX BCH-USDC
Lighter BCH
BloFin BCH-USDT
Nado BCH-PERP
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]