Funding you earn now, next payment 01:00 UTC−0.0149%/8h= −16.3% APRnext payment −$0.19 per $10,000 · paid last 24h −0.046%
Price spread now: Kraken Futures against Hyperliquid−0.048%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$490.488% of the position
Funding, last 7 days−0.154%−$15 on $10k
+Price spread, last 3 days (all we have)+0.061%+$6 · spread now −0.048%, 7d avg 0.000%
=Together, before fees−0.093%+ Points / potential airdropHyperliquid: Season 2 · farm board−$9 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 Kraken Futures is 0.048% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of 0.000%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BCH | 268.35 | 0.0100 | pay 0.0013% / 1h | 43m 08s | $6.0M | $4.4M | 10x |
| Short | Kraken Futures PF_BCHUSD | 268.22 | −0.0049 | pay 0.0006% / 1h | 43m 08s | $855K | $3.1M | 50x |
Hyperliquid BCH
Kraken Futures PF_BCHUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$31.32
- Price spread: −0.048% → 0.000%
- −$4.85
- Slippage, 4 orders
- −$29.79
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$84.96
- Costs to cover
- 0.488%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; Kraken Futures: 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 | 1.50 bp | 7.1 bp −$7 | 11.0 bp −$110 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 3.91 bp | 15.2 bp −$15 | 24.7 bp −$247 | 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 | −0.0570% | 1h | 268.17 | −0.067% | $453K | $266K | 25x | as long as short |
| Phemex BCHUSDT | −0.0533% | 8h | 268.00 | −0.130% | $4.9M | $6.5M | 50x | as long as short |
| SoDEX BCH-USD | −0.0532% | 1h | 267.95 | −0.149% | $2K | $6K | 10x | as long as short |
| HTX BCH-USDT | −0.0378% | 8h | 268.05 | −0.112% | $776K | $1.6M | 75x | as long as short |
| GRVT BCH_USDT_Perp | −0.0240% | 8h | 267.58 | −0.285% | $390K | $17K | 10x | as long as short |
| Gate BCH_USDT | −0.0184% | 8h | 268.20 | −0.056% | $8.4M | $14.2M | 75x | as long as short |
| Variational Omni BCH | −0.0133% | 8h | 267.11 | −0.463% | $82K | $289K | — | as long as short |
| ApeX Omni BCHUSDT | −0.0074% | 1h | 267.55 | −0.298% | $72K | $215K | 50x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0056% | 1h | 268.36 | +0.004% | $225K | $2.0M | 50x | as long as short |
| Kraken Futures PF_BCHUSDshort | −0.0049% | 1h | 268.22 | −0.048% | $855K | $3.1M | 50x |
Deribit BCH_USDC-PERPETUAL
Phemex BCHUSDT
SoDEX BCH-USD
HTX BCH-USDT
GRVT BCH_USDT_Perp
Gate BCH_USDT
Variational Omni BCH
ApeX Omni BCHUSDT
Coinbase International BCH-PERP-INTXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BCH-USD | −0.0048% | 1h | 267.91 | −0.164% | $113K | $754K | 25x | as long as short |
| Binance BCHUSDT | −0.0048% | 8h | 267.97 | −0.143% | $72.8M | $230.8M | 75x | as long as short |
| MEXC BCH_USDT | −0.0047% | 8h | 268.51 | +0.060% | $70.3M | $6.6M | 200x | as long as short |
| Bybit BCHUSDT | −0.0022% | 8h | 267.95 | −0.149% | $39.7M | $32.5M | 75x | as long as short |
| Nado BCH-PERP | −0.0012% | 1h | 267.97 | −0.143% | $440K | $421K | 10x | as long as short |
| Bitget BCHUSDT | −0.0001% | 8h | 267.83 | −0.194% | $19.2M | $29.5M | 75x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 268.16 | −0.072% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 268.34 | −0.004% | $1.1M | $10.8M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 268.35 | 0.000% | $4K | — | 150x | as long as short |
| OKX BCH-USDT-SWAP | +0.0022% | 8h | 267.90 | −0.168% | $26.0M | $76.7M | 50x | as long as short |
| BingX BCH-USDT | +0.0028% | 8h | 267.95 | −0.149% | — | $30.9M | — | as long as short |
| Orderly PERP_BCH_USDC | +0.0030% | 8h | 268.08 | −0.101% | $2K | $176 | 10x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +0.689% | $721 | $130K | 12x | as long as short |
| BloFin BCH-USDT | +0.0072% | 8h | 267.96 | −0.145% | $3.9M | $4.2M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 268.07 | −0.103% | $369K | $529K | 10x | as long as short |
| Hyperliquid BCHlong | +0.0100% | 1h | 268.35 | long leg | $6.0M | $4.4M | 10x | |
| Aster BCHUSDT | +0.0100% | 8h | 268.21 | −0.052% | $175K | $666K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 268.07 | −0.106% | $163K | $407K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 268.26 | −0.034% | $9.0M | $7.6M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 267.33 | −0.379% | $19K | $292K | 20x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 267.89 | −0.171% | $1K | $1.9M | 30x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0333% / S −0.0224% | 1h | 268.30 | −0.019% | $31K | — | 100x | as long as short |
Extended BCH-USD
Binance BCHUSDT
MEXC BCH_USDT
Bybit BCHUSDT
Nado BCH-PERP
Bitget BCHUSDT
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
OKX BCH-USDT-SWAP
BingX BCH-USDT
Orderly PERP_BCH_USDC
Injective BCH/USDC PERP
BloFin BCH-USDT
Lighter BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
SunX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]