Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.008%

Price spread now: Gate against Hyperliquid−0.115%7-day average −0.026% · 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−$46as in the Price arb table

costs, in and out, $10k−$370.375% of the position

Long on Hyperliquid Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 7 days+0.122%+$12 · spread now −0.115%, 7d avg −0.026%

Together, before fees+0.085%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 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 Gate is 0.089% cheaper against Hyperliquid than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.026%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BCH	268.99	0.0100	pay 0.0013% / 1h	13m 57s	$6.0M	$4.1M	10x
Short	Gate BCH_USDT	268.68	−0.0020	pay 0.0020% / 8h	2h 13m	$8.4M	$14.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.115%Rate

Funding earned: −$25.2
Price spread: −0.115% → −0.026%: −$8.92
Slippage, 4 orders: −$13.46
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$71.57
Costs to cover: 0.375%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 min ago; Gate: live order book, 5 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 Gate live order book, 5 min ago	1.86 bp	11.2 bp −$11	17.6 bp −$176	56.1 bp −$5,609	80.1 bp −$40.1K

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	−0.094%	$440K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	268.50	−0.182%	$716	$110K	12x	as long as short
Phemex BCHUSDT	−0.0193%	8h	268.69	−0.112%	$4.9M	$6.3M	50x	as long as short
SoDEX BCH-USD	−0.0132%	1h	268.66	−0.123%	$2K	$6K	10x	as long as short
MEXC BCH_USDT	−0.0097%	8h	269.32	+0.123%	$71.4M	$6.4M	200x	as long as short
Binance BCHUSDT	−0.0096%	8h	268.64	−0.131%	$74.1M	$229.4M	75x	as long as short
Extended BCH-USD	−0.0096%	1h	268.52	−0.174%	$115K	$653K	25x	as long as short
Variational Omni BCH	−0.0069%	8h	268.54	−0.168%	$85K	$291K	—	as long as short
Bitget BCHUSDT	−0.0039%	8h	268.62	−0.138%	$19.9M	$28.9M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	269.02	+0.011%	$243K	$2.1M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BCH_USDT_Perp	−0.0023%	8h	268.72	−0.100%	$392K	$17K	10x	as long as short
Gate BCH_USDTshort	−0.0020%	8h	268.68	−0.115%	$8.4M	$14.4M	75x
Bybit BCHUSDT	−0.0010%	8h	268.51	−0.178%	$39.5M	$32.1M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	268.72	−0.099%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.07	+0.030%	$1.1M	$11.3M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.78	−0.078%	$4K	—	150x	as long as short
BingX BCH-USDT	+0.0018%	8h	268.69	−0.112%	—	$32.1M	—	as long as short
BloFin BCH-USDT	+0.0022%	8h	268.64	−0.130%	$4.0M	$4.1M	50x	as long as short
OKX BCH-USDT-SWAP	+0.0024%	8h	268.60	−0.145%	$26.3M	$76.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0027%	8h	268.64	−0.130%	$2K	$176	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	268.92	−0.026%	$806K	$3.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	268.76	−0.085%	$377K	$581K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	268.54	−0.169%	$440K	$425K	10x	as long as short
Hyperliquid BCHlong	+0.0100%	1h	268.99	long leg	$6.0M	$4.1M	10x
Aster BCHUSDT	+0.0100%	8h	268.80	−0.071%	$236K	$660K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.61	−0.141%	$169K	$460K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.72	−0.100%	$8.9M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.68	−0.117%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.74	−0.093%	$73K	$213K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.42	−0.212%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.61	−0.141%	$774K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0373% / S −0.0574%	1h	268.74	−0.093%	$26K	—	100x	as long as short