Funding you earn now, next payment 23:00 UTC+0.0102%/8h= +11.2% APRpaid last 24h +0.008%
Price spread now: Hyperliquid against Gate+0.196%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$410.412% of the position
Funding, last 7 days+0.037%+$4 on $10k
+Price spread, last 7 days−0.197%−$20 · spread now +0.196%, 7d avg +0.026%
=Together, before fees−0.160%+ 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 0.170% dearer against Gate than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BCH_USDT | 270.11 | −0.0002 | get 0.0002% / 8h | 1h 24m | $8.4M | $14.8M | 75x |
| Short | Hyperliquid BCH | 270.64 | 0.0100 | get 0.0013% / 1h | 24m 45s | $6.1M | $4.2M | 10x |
Gate BCH_USDT
Hyperliquid BCHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Gate. 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
- $21.42
- Price spread: +0.196% → +0.026%
- $16.98
- Slippage, 4 orders
- −$17.21
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$2.81
- Costs to cover
- 0.412%
- Break-even
- 7.9 days
Slippage from Gate: live order book, 4 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 Gate live order book, 4 min ago | 2.41 bp | 14.3 bp −$14 | 21.2 bp −$212 | 44.5 bp −$4,447 | 59.4 bp −$29.7K |
| Sell Hyperliquid live order book, 7 min ago | 0.92 bp | 7.3 bp −$7 | 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 | −0.0596% | 1h | 270.41 | +0.111% | $458K | $265K | 25x | as long as short |
| Phemex BCHUSDT | −0.0181% | 8h | 270.18 | +0.026% | $4.9M | $6.4M | 50x | as long as short |
| Injective BCH/USDC PERP | −0.0154% | 1h | 270.20 | +0.033% | $721 | $130K | 12x | as long as short |
| SoDEX BCH-USD | −0.0104% | 1h | 270.24 | +0.048% | $2K | $6K | 10x | as long as short |
| Variational Omni BCH | −0.0103% | 8h | 269.72 | −0.146% | $85K | $291K | — | as long as short |
| Extended BCH-USD | −0.0056% | 1h | 270.13 | +0.008% | $116K | $653K | 25x | as long as short |
| MEXC BCH_USDT | −0.0053% | 8h | 270.81 | +0.259% | $70.9M | $6.6M | 200x | as long as short |
| Binance BCHUSDT | −0.0053% | 8h | 270.30 | +0.071% | $75.2M | $233.6M | 75x | as long as short |
| Bybit BCHUSDT | −0.0043% | 8h | 270.10 | −0.004% | $39.5M | $32.9M | 75x | as long as short |
| Gate BCH_USDTlong | −0.0002% | 8h | 270.11 | long leg | $8.4M | $14.8M | 75x |
Deribit BCH_USDC-PERPETUAL
Phemex BCHUSDT
Injective BCH/USDC PERP
SoDEX BCH-USD
Variational Omni BCH
Extended BCH-USD
MEXC BCH_USDT
Binance BCHUSDT
Bybit BCHUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX BCH-USD | 0.0000% | 1h | 270.36 | +0.094% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 270.33 | +0.081% | $1.3M | $11.8M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 270.35 | +0.090% | $4K | — | 150x | as long as short |
| Bitget BCHUSDT | +0.0004% | 8h | 270.25 | +0.052% | $19.5M | $29.4M | 75x | as long as short |
| GRVT BCH_USDT_Perp | +0.0013% | 8h | 270.52 | +0.151% | $394K | $17K | 10x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0016% | 1h | 269.79 | −0.118% | $243K | $2.1M | 50x | as long as short |
| Orderly PERP_BCH_USDC | +0.0025% | 8h | 270.20 | +0.033% | $2K | $176 | 10x | as long as short |
| BingX BCH-USDC | +0.0066% | 8h | 270.11 | 0.000% | — | $6.5M | — | as long as short |
| BloFin BCH-USDT | +0.0066% | 8h | 270.18 | +0.026% | $4.0M | $4.2M | 50x | as long as short |
| OKX BCH-USDT-SWAP | +0.0075% | 8h | 270.10 | −0.004% | $26.5M | $78.2M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 270.42 | +0.114% | $378K | $584K | 10x | as long as short |
| Nado BCH-PERP | +0.0100% | 1h | 270.06 | −0.019% | $444K | $428K | 10x | as long as short |
| Hyperliquid BCHshort | +0.0100% | 1h | 270.64 | +0.196% | $6.1M | $4.2M | 10x | |
| Aster BCHUSDT | +0.0100% | 8h | 270.16 | +0.017% | $220K | $703K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 269.82 | −0.107% | $164K | $468K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 270.17 | +0.022% | $9.3M | $8.0M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 270.50 | +0.146% | $19K | $288K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 270.65 | +0.200% | $73K | $213K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 269.66 | −0.167% | $1K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 270.22 | +0.041% | $776K | $1.7M | 75x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0112% | 1h | 270.61 | +0.187% | $822K | $3.2M | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0342% / S −0.0467% | 1h | 270.58 | +0.174% | $26K | — | 100x | as long as short |
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Bitget BCHUSDT
GRVT BCH_USDT_Perp
Coinbase International BCH-PERP-INTX
Orderly PERP_BCH_USDC
BingX BCH-USDC
BloFin BCH-USDT
OKX BCH-USDT-SWAP
Lighter BCH
Nado BCH-PERP
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]