Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against edgeX−0.240%46s7-day average +0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as 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−$430.432% of the position

Long on edgeX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)+0.169%+$17 · spread now −0.240%, 7d avg +0.072%

Together, before fees+0.088%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board+$9 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 0.312% cheaper against edgeX than usual: you would sell low and buy high, −$31 on $10k if it goes back to its 7-day average of +0.072%. The two prices were read 46 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	edgeX BCHUSDC	264.28	0.0100	pay 0.0050% / 4h	3h 08m	$18K	$320K	20x
Short	Hyperliquid BCH	263.64	0.0100	get 0.0013% / 1h	8m 48s	$5.6M	$4.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against edgeX. 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 edgeXbpFee HyperliquidbpOrdersPrice spread, now −0.240%Rate

Funding earned: $0
Price spread: −0.240% → +0.072%: −$31.17
Slippage, 4 orders: −$25.17
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$74.34
Costs to cover: 0.432%
Break-even: never at this rate

Slippage from edgeX: live order book, 44 min ago; Hyperliquid: 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 edgeX live order book, 44 min ago	8.61 bp	13.9 bp −$14	88.3 bp −$883	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 3 min ago	0.76 bp	9.1 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
SoDEX BCH-USD	−0.0297%	1h	263.29	−0.373%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0241%	8h	263.38	−0.339%	$768K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0217%	8h	263.38	−0.339%	$4.9M	$6.4M	50x	as long as short
Nado BCH-PERP	−0.0183%	1h	263.55	−0.275%	$428K	$347K	10x	as long as short
SunX BCH-USDT	−0.0157%	8h	263.37	−0.343%	$2K	$1.7M	30x	as long as short
KuCoin BCHUSDTM	−0.0104%	8h	263.39	−0.335%	$8.4M	$6.8M	75x	as long as short
Bitget BCHUSDT	−0.0094%	8h	263.33	−0.358%	$18.8M	$28.3M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0086%	8h	263.40	−0.332%	$25.1M	$76.1M	50x	as long as short
MEXC BCH_USDT	−0.0066%	8h	263.85	−0.161%	$69.8M	$7.9M	200x	as long as short
Binance BCHUSDT	−0.0066%	8h	263.43	−0.321%	$71.5M	$216.0M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0064%	1h	263.23	−0.396%	$111K	$1.1M	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	263.84	−0.165%	$217K	$1.8M	50x	as long as short
Variational Omni BCH	−0.0061%	8h	263.70	−0.218%	$81K	$196K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0052%	1h	263.51	−0.290%	$852K	$3.0M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0044%	8h	264.39	+0.043%	$385K	$17K	10x	as long as short
Gate BCH_USDT	−0.0037%	8h	263.44	−0.316%	$8.3M	$13.7M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0019%	1h	263.46	−0.308%	$441K	$331K	25x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	263.44	−0.315%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.76	−0.197%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	263.84	−0.165%	$988K	$10.4M	2.7x	as long as short
Bybit BCHUSDT	+0.0005%	8h	263.35	−0.350%	$38.8M	$31.3M	75x	as long as short
BingX BCH-USDC	+0.0010%	8h	263.40	−0.332%	—	$6.5M	—	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.242%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	263.31	−0.366%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0054%	8h	263.42	−0.324%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0081%	8h	263.61	−0.253%	$152K	$549K	75x	as long as short
Lighter BCH	+0.0096%	1h	263.36	−0.348%	$354K	$495K	10x	as long as short
Hyperliquid BCHshort	+0.0100%	1h	263.64	−0.240%	$5.6M	$4.6M	10x
Pacifica BCH	+0.0100%	1h	263.66	−0.235%	$159K	$305K	10x	as long as short
edgeX BCHUSDClong	+0.0100%	4h	264.28	long leg	$18K	$320K	20x
ApeX Omni BCHUSDT	+0.0100%	1h	264.45	+0.066%	$96K	$234K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0232% / S −0.0180%	1h	263.40	−0.331%	$12K	—	100x	as long as short