BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0164%/8h= −18.0% APRnext payment −$0.21 per $10,000 · paid last 24h −0.027%

Price spread now: Coinbase International against Hyperliquid+0.121%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$480.478% of the position

Long on Hyperliquid Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)−0.301%−$30 · spread now +0.121%, 7d avg −0.024%

Together, before fees−0.365%+ Points / potential airdropHyperliquid: Season 2 · farm board−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.145% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.121% now, against its 7-day average of −0.024%): +$14 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.9 days. At the pace of the last 7 days (−0.064% in total) that is about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BCH	265.40	0.0100	pay 0.0013% / 1h	36m 16s	$5.7M	$4.6M	10x
Short	Coinbase International BCH-PERP-INTX	265.72	−0.0064	pay 0.0008% / 1h	36m 16s	$219K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.121%Rate

Funding earned: −$34.44
Price spread: +0.121% → −0.024%: $14.48
Slippage, 4 orders: −$28.76
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$67.72
Costs to cover: 0.478%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 6 min ago; Coinbase International: live order book, 2 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, 6 min ago	0.94 bp	7.4 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	6.97 bp	15.6 bp −$16	22.0 bp −$220	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
Phemex BCHUSDT	−0.0261%	8h	265.10	−0.113%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0229%	8h	265.10	−0.113%	$773K	$1.4M	75x	as long as short
SunX BCH-USDT	−0.0210%	8h	264.85	−0.207%	$1K	$1.7M	30x	as long as short
SoDEX BCH-USD	−0.0200%	1h	265.04	−0.136%	$2K	$8K	10x	as long as short
Nado BCH-PERP	−0.0183%	1h	265.25	−0.057%	$431K	$346K	10x	as long as short
OKX BCH-USDT-SWAP	−0.0093%	8h	265.00	−0.151%	$25.1M	$76.3M	50x	as long as short
KuCoin BCHUSDTM	−0.0089%	8h	265.37	−0.011%	$8.5M	$6.9M	75x	as long as short
MEXC BCH_USDT	−0.0075%	8h	265.59	+0.072%	$70.3M	$7.9M	200x	as long as short
Binance BCHUSDT	−0.0073%	8h	265.12	−0.105%	$72.0M	$215.6M	75x	as long as short
Bitget BCHUSDT	−0.0073%	8h	265.05	−0.132%	$19.0M	$28.3M	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	−0.0072%	1h	264.89	−0.191%	$113K	$960K	25x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0070%	1h	265.14	−0.096%	$443K	$332K	25x	as long as short
Variational Omni BCH	−0.0068%	8h	264.60	−0.300%	$81K	$196K	—	as long as short
Coinbase International BCH-PERP-INTXshort	−0.0064%	1h	265.72	+0.121%	$219K	$1.8M	50x
Kraken Futures PF_BCHUSD	−0.0051%	1h	265.30	−0.039%	$852K	$3.0M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0050%	8h	264.85	−0.205%	$386K	$17K	10x	as long as short
Gate BCH_USDT	−0.0030%	8h	265.43	+0.011%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.23	−0.065%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.50	+0.040%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.86	+0.173%	$1.0M	$10.4M	2.7x	as long as short
BingX BCH-USDT	+0.0010%	8h	265.25	−0.057%	—	$32.9M	—	as long as short
Bybit BCHUSDT	+0.0013%	8h	265.16	−0.090%	$39.1M	$31.2M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.809%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0045%	8h	265.66	+0.098%	$3.9M	$4.4M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	265.02	−0.143%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0086%	8h	265.52	+0.045%	$150K	$545K	75x	as long as short
Lighter BCH	+0.0096%	1h	265.30	−0.040%	$359K	$491K	10x	as long as short
Hyperliquid BCHlong	+0.0100%	1h	265.40	long leg	$5.7M	$4.6M	10x
Pacifica BCH	+0.0100%	1h	265.36	−0.015%	$160K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.72	−0.256%	$31K	$300K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.96	−0.166%	$96K	$233K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0358% / S −0.0530%	1h	265.19	−0.079%	$25K	—	100x	as long as short