Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: ApeX Omni against Hyperliquid−0.056%105s7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as 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−$410.413% of the position

Long on Hyperliquid Short on ApeX Omni

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)+0.124%+$12 · spread now −0.056%, 7d avg +0.006%

Together, before fees+0.197%+ 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: ApeX Omni is 0.062% cheaper against Hyperliquid than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.006%. The two prices were read 105 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	Hyperliquid BCH	268.89	0.0100	pay 0.0013% / 1h	13m 38s	$6.0M	$4.1M	10x
Short	ApeX Omni BCHUSDT	268.74	0.0100	get 0.0013% / 1h	13m 38s	$73K	$213K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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 HyperliquidbpFee ApeX OmnibpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → +0.006%: −$6.19
Slippage, 4 orders: −$22.26
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$47.45
Costs to cover: 0.413%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 min ago; ApeX Omni: 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 Hyperliquid live order book, 8 min ago	0.74 bp	7.2 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 7 min ago	4.28 bp	12.7 bp −$13	96.0 bp −$960	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	−0.0378%	1h	268.74	−0.057%	$440K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	268.50	−0.145%	$716	$110K	12x	as long as short
Phemex BCHUSDT	−0.0193%	8h	268.69	−0.074%	$4.9M	$6.3M	50x	as long as short
SoDEX BCH-USD	−0.0132%	1h	268.66	−0.086%	$2K	$6K	10x	as long as short
Binance BCHUSDT	−0.0096%	8h	268.48	−0.153%	$74.0M	$229.2M	75x	as long as short
Extended BCH-USD	−0.0096%	1h	268.30	−0.219%	$115K	$653K	25x	as long as short
MEXC BCH_USDT	−0.0096%	8h	269.14	+0.093%	$71.3M	$6.4M	200x	as long as short
Variational Omni BCH	−0.0069%	8h	268.54	−0.131%	$85K	$291K	—	as long as short
Bitget BCHUSDT	−0.0038%	8h	268.42	−0.175%	$19.9M	$28.9M	75x	as long as short
Gate BCH_USDT	−0.0024%	8h	268.55	−0.126%	$8.4M	$14.4M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTX	−0.0024%	1h	269.02	+0.048%	$243K	$2.1M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0023%	8h	268.72	−0.063%	$392K	$17K	10x	as long as short
Bybit BCHUSDT	−0.0010%	8h	268.40	−0.182%	$39.4M	$32.1M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	268.72	−0.062%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.07	+0.067%	$1.1M	$11.3M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.78	−0.041%	$4K	—	150x	as long as short
BingX BCH-USDC	+0.0018%	8h	268.42	−0.175%	—	$6.5M	—	as long as short
BloFin BCH-USDT	+0.0022%	8h	268.64	−0.093%	$4.0M	$4.1M	50x	as long as short
OKX BCH-USDT-SWAP	+0.0024%	8h	268.40	−0.182%	$26.4M	$76.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0027%	8h	268.64	−0.093%	$2K	$176	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	268.92	+0.011%	$806K	$3.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	268.48	−0.153%	$376K	$581K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	268.54	−0.132%	$440K	$425K	10x	as long as short
Hyperliquid BCHlong	+0.0100%	1h	268.89	long leg	$6.0M	$4.1M	10x
Aster BCHUSDT	+0.0100%	8h	268.80	−0.033%	$236K	$660K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.52	−0.139%	$169K	$460K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.78	−0.041%	$8.9M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.68	−0.079%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDTshort	+0.0100%	1h	268.74	−0.056%	$73K	$213K	50x
SunX BCH-USDT	+0.0100%	8h	268.42	−0.175%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.61	−0.104%	$774K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0373% / S −0.0574%	1h	268.74	−0.056%	$26K	—	100x	as long as short