Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h 0.000%

Price spread now: edgeX against Hyperliquid−0.621%46s7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as 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−$380.378% of the position

Long on Hyperliquid Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 3 days (all we have)+0.688%+$69 · spread now −0.621%, 7d avg −0.066%

Together, before fees+0.779%+ Points / potential airdropHyperliquid: Season 2 · edgeX: Active · farm board+$78 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and edgeX is 0.555% cheaper against Hyperliquid than usual: you would sell low and buy high (−$55 if the spread goes back to its 7-day average of −0.066%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.091%, so the current rate has only just turned against you. 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	Hyperliquid BCH	269.82	0.0168	pay 0.0021% / 1h	56m 46s	$6.0M	$4.1M	10x
Short	edgeX BCHUSDC	268.15	0.0100	get 0.0050% / 4h	1h 56m	$19K	$288K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.621%Rate

Funding earned: −$14.2
Price spread: −0.621% → −0.066%: −$55.48
Slippage, 4 orders: −$19.79
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$107.47
Costs to cover: 0.378%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; edgeX: live order book, 26 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, 5 min ago	0.19 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 26 min ago	7.26 bp	11.8 bp −$12	15.1 bp −$151	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	−0.0237%	1h	268.76	−0.393%	$440K	$247K	25x	as long as short
Phemex BCHUSDT	−0.0175%	8h	268.67	−0.426%	$4.9M	$6.3M	50x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	268.50	−0.489%	$716	$110K	12x	as long as short
Binance BCHUSDT	−0.0083%	8h	269.43	−0.145%	$74.3M	$229.7M	75x	as long as short
MEXC BCH_USDT	−0.0082%	8h	270.10	+0.104%	$71.4M	$6.3M	200x	as long as short
Extended BCH-USD	−0.0080%	1h	268.89	−0.344%	$115K	$653K	25x	as long as short
Variational Omni BCH	−0.0071%	8h	267.74	−0.772%	$85K	$291K	—	as long as short
Bitget BCHUSDT	−0.0028%	8h	269.46	−0.133%	$20.0M	$29.0M	75x	as long as short
Gate BCH_USDT	−0.0027%	8h	269.08	−0.274%	$8.4M	$14.4M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0013%	8h	267.83	−0.738%	$390K	$17K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BCHUSDT	−0.0002%	8h	269.30	−0.193%	$39.6M	$32.2M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	269.56	−0.095%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.29	−0.567%	$1.0M	$11.2M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.66	−0.430%	$4K	—	150x	as long as short
Coinbase International BCH-PERP-INTX	+0.0016%	1h	268.55	−0.471%	$230K	$2.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0026%	8h	268.75	−0.397%	$2K	$176	10x	as long as short
BingX BCH-USDC	+0.0028%	8h	269.12	−0.259%	—	$6.5M	—	as long as short
SoDEX BCH-USD	+0.0036%	1h	268.60	−0.452%	$2K	$6K	10x	as long as short
BloFin BCH-USDT	+0.0037%	8h	268.61	−0.448%	$4.0M	$4.1M	50x	as long as short
OKX BCH-USDT-SWAP	+0.0041%	8h	269.40	−0.156%	$26.3M	$76.4M	50x	as long as short
Nado BCH-PERP	+0.0073%	1h	268.43	−0.514%	$439K	$425K	10x	as long as short
Lighter BCH	+0.0096%	1h	269.52	−0.109%	$378K	$581K	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	269.30	−0.193%	$236K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	269.50	−0.117%	$170K	$455K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	269.59	−0.085%	$8.9M	$7.9M	75x	as long as short
edgeX BCHUSDCshort	+0.0100%	4h	268.15	−0.621%	$19K	$288K	20x
ApeX Omni BCHUSDT	+0.0100%	1h	267.95	−0.693%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.12	−0.630%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.27	−0.574%	$772K	$1.6M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0113%	1h	268.95	−0.323%	$806K	$3.2M	50x	as long as short
Hyperliquid BCHlong	+0.0168%	1h	269.82	long leg	$6.0M	$4.1M	10x
GMX BCH/USD [WBTC.b-USDC]	L +0.0340% / S −0.0467%	1h	268.71	−0.410%	$26K	—	100x	as long as short