Funding you earn now, next payment 00:00 UTC−0.0124%/8h= −13.6% APRnext payment −$0.15 per $10,000 · paid last 24h −0.015%
Price spread now: Extended against Hyperliquid−0.250%7-day average −0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$280.282% of the position
Funding, last 7 days−0.089%−$9 on $10k
+Price spread, last 4 days (all we have)+0.089%+$9 · spread now −0.250%, 7d avg −0.110%
=Together, before fees0.000%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Extended is 0.140% cheaper against Hyperliquid than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.110%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BCH | 269.03 | 0.0100 | pay 0.0013% / 1h | 37m 02s | $6.0M | $4.3M | 10x |
| Short | Extended BCH-USD | 268.36 | −0.0024 | pay 0.0003% / 1h | 37m 02s | $116K | $653K | 25x |
Hyperliquid BCH
Extended BCH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Hyperliquid. 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
- −$26.04
- Price spread: −0.250% → −0.110%
- −$14.01
- Slippage, 4 orders
- −$14.24
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$68.29
- Costs to cover
- 0.282%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Extended: live order book, 41 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 | 0.55 bp | 5.9 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 41 min ago | 0.93 bp | 7.0 bp −$7 | 56.0 bp −$560 | 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 | −0.0527% | 1h | 268.63 | −0.149% | $454K | $266K | 25x | as long as short |
| Phemex BCHUSDT | −0.0162% | 8h | 268.69 | −0.126% | $4.9M | $6.5M | 50x | as long as short |
| Variational Omni BCH | −0.0139% | 8h | 270.42 | +0.515% | $83K | $294K | — | as long as short |
| SoDEX BCH-USD | −0.0137% | 1h | 268.42 | −0.227% | $2K | $6K | 10x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0125% | 1h | 268.73 | −0.111% | $828K | $3.2M | 50x | as long as short |
| Bybit BCHUSDT | −0.0085% | 8h | 268.61 | −0.156% | $39.4M | $33.5M | 75x | as long as short |
| Injective BCH/USDC PERP | −0.0054% | 1h | 270.20 | +0.435% | $721 | $130K | 12x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0032% | 1h | 268.62 | −0.152% | $238K | $2.2M | 50x | as long as short |
| Extended BCH-USDshort | −0.0024% | 1h | 268.36 | −0.250% | $116K | $653K | 25x | |
| Binance BCHUSDT | −0.0021% | 8h | 268.85 | −0.067% | $74.7M | $237.2M | 75x | as long as short |
Deribit BCH_USDC-PERPETUAL
Phemex BCHUSDT
Variational Omni BCH
SoDEX BCH-USD
Kraken Futures PF_BCHUSD
Bybit BCHUSDT
Injective BCH/USDC PERP
Coinbase International BCH-PERP-INTX
Binance BCHUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BCH_USDT | −0.0021% | 8h | 269.08 | +0.019% | $70.4M | $6.7M | 200x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 269.24 | +0.077% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 268.94 | −0.033% | $1.3M | $12.0M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 268.95 | −0.028% | $4K | — | 150x | as long as short |
| Gate BCH_USDT | +0.0008% | 8h | 268.61 | −0.156% | $8.4M | $14.5M | 75x | as long as short |
| Orderly PERP_BCH_USDC | +0.0028% | 8h | 268.57 | −0.171% | $2K | $176 | 10x | as long as short |
| GRVT BCH_USDT_Perp | +0.0031% | 8h | 270.56 | +0.570% | $394K | $17K | 10x | as long as short |
| Bitget BCHUSDT | +0.0036% | 8h | 268.61 | −0.156% | $19.2M | $30.4M | 75x | as long as short |
| OKX BCH-USDT-SWAP | +0.0041% | 8h | 268.70 | −0.123% | $26.4M | $79.4M | 50x | as long as short |
| BingX BCH-USDC | +0.0053% | 8h | 268.66 | −0.138% | — | $6.5M | — | as long as short |
| Lighter BCH | +0.0096% | 1h | 268.66 | −0.136% | $371K | $555K | 10x | as long as short |
| BloFin BCH-USDT | +0.0099% | 8h | 268.74 | −0.108% | $4.0M | $4.2M | 50x | as long as short |
| Nado BCH-PERP | +0.0100% | 1h | 268.88 | −0.057% | $449K | $440K | 10x | as long as short |
| Hyperliquid BCHlong | +0.0100% | 1h | 269.03 | long leg | $6.0M | $4.3M | 10x | |
| Aster BCHUSDT | +0.0100% | 8h | 268.77 | −0.098% | $216K | $709K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 269.10 | +0.026% | $164K | $467K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 268.56 | −0.175% | $9.2M | $7.9M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 270.37 | +0.498% | $19K | $290K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 270.38 | +0.502% | $73K | $214K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 268.32 | −0.264% | $2K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 269.10 | +0.026% | $774K | $1.7M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0334% / S −0.0340% | 1h | 268.90 | −0.047% | $27K | — | 100x | as long as short |
MEXC BCH_USDT
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Gate BCH_USDT
Orderly PERP_BCH_USDC
GRVT BCH_USDT_Perp
Bitget BCHUSDT
OKX BCH-USDT-SWAP
BingX BCH-USDC
Lighter BCH
BloFin BCH-USDT
Nado BCH-PERP
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]