Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h −0.008%

Price spread now: Bitget against Hyperliquid−0.008%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$380.381% of the position

Long on Hyperliquid Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 7 days−0.012%−$1 · spread now −0.008%, 7d avg −0.049%

Together, before fees−0.040%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.042% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.008% now, against its 7-day average of −0.049%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.028% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BCH	265.98	0.0100	pay 0.0013% / 1h	52m 51s	$5.8M	$5.0M	10x
Short	Bitget BCHUSDT	265.96	−0.0032	pay 0.0032% / 8h	6h 52m	$19.1M	$29.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$27.72
Price spread: −0.008% → −0.049%: $4.16
Slippage, 4 orders: −$17.12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$61.68
Costs to cover: 0.381%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; Bitget: live order book, 1 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, 9 min ago	0.94 bp	6.8 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.19 bp	11.8 bp −$12	19.3 bp −$193	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
ApeX Omni BCHUSDT	−0.1211%	1h	265.84	−0.053%	$72K	$214K	50x	as long as short
SoDEX BCH-USD	−0.0455%	1h	265.65	−0.124%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0343%	8h	265.72	−0.098%	$4.9M	$6.5M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0299%	1h	265.93	−0.017%	$853K	$3.1M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0250%	1h	265.83	−0.055%	$449K	$266K	25x	as long as short
GRVT BCH_USDT_Perp	−0.0243%	8h	264.08	−0.716%	$385K	$17K	10x	as long as short
Gate BCH_USDT	−0.0145%	8h	265.99	+0.004%	$8.3M	$13.2M	75x	as long as short
Variational Omni BCH	−0.0125%	8h	264.31	−0.628%	$81K	$285K	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0112%	1h	265.60	−0.143%	$236K	$2.1M	50x	as long as short
Extended BCH-USD	−0.0088%	1h	265.78	−0.074%	$112K	$966K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0087%	8h	266.34	+0.135%	$69.8M	$6.8M	200x	as long as short
Binance BCHUSDT	−0.0087%	8h	266.01	+0.012%	$71.8M	$233.2M	75x	as long as short
Bybit BCHUSDT	−0.0066%	8h	266.00	+0.008%	$39.2M	$33.4M	75x	as long as short
SunX BCH-USDT	−0.0055%	8h	265.45	−0.199%	$1K	$1.9M	30x	as long as short
HTX BCH-USDT	−0.0045%	8h	265.05	−0.350%	$775K	$1.6M	75x	as long as short
Bitget BCHUSDTshort	−0.0032%	8h	265.96	−0.008%	$19.1M	$29.8M	75x
OKX BCH-USDT-SWAP	−0.0027%	8h	266.00	+0.008%	$25.8M	$76.7M	50x	as long as short
BingX BCH-USDT	−0.0012%	8h	265.99	+0.004%	—	$32.3M	—	as long as short
dYdX BCH-USD	0.0000%	1h	265.46	−0.195%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.50	−0.180%	$1.1M	$11.0M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.76	−0.083%	$4K	—	150x	as long as short
Nado BCH-PERP	+0.0020%	1h	265.45	−0.199%	$434K	$425K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0029%	8h	265.67	−0.117%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0033%	8h	265.48	−0.188%	$3.9M	$4.2M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.587%	$721	$130K	12x	as long as short
Pacifica BCH	+0.0040%	1h	265.17	−0.303%	$161K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0091%	8h	266.02	+0.015%	$8.7M	$7.6M	75x	as long as short
Lighter BCH	+0.0096%	1h	265.70	−0.105%	$366K	$477K	10x	as long as short
Hyperliquid BCHlong	+0.0100%	1h	265.98	long leg	$5.8M	$5.0M	10x
Aster BCHUSDT	+0.0100%	8h	265.69	−0.109%	$170K	$688K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.65	−0.124%	$19K	$290K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.70	−0.104%	$25K	—	100x	as long as short