Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0123%/8h= −13.5% APRpaid last 24h −0.006%

Price spread now: MEXC against Hyperliquid+0.083%7-day average +0.159% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

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

costs, in and out, $10k−$260.255% of the position

Long on Hyperliquid Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 7 days+0.035%+$4 · spread now +0.083%, 7d avg +0.159%

Together, before fees−0.041%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 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 MEXC is 0.076% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.159%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BCH	266.62	0.0100	pay 0.0013% / 1h	11m 39s	$6.0M	$4.5M	10x
Short	MEXC BCH_USDT	266.84	−0.0023	pay 0.0023% / 8h	11m 39s	$69.9M	$6.9M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$25.83
Price spread: +0.083% → +0.159%: −$7.64
Slippage, 4 orders: −$12.54
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$59.02
Costs to cover: 0.255%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 10 min ago; MEXC: 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, 10 min ago	0.56 bp	7.0 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.25 bp	5.0 bp −$5	19.2 bp −$192	53.5 bp −$5,353	111.1 bp −$55.6K

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	−0.0504%	1h	266.43	−0.073%	$450K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0314%	1h	266.22	−0.150%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0136%	8h	266.51	−0.041%	$82K	$292K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0126%	1h	266.54	−0.028%	$843K	$3.1M	50x	as long as short
ApeX Omni BCHUSDT	−0.0121%	1h	266.44	−0.068%	$72K	$213K	50x	as long as short
Phemex BCHUSDT	−0.0112%	8h	266.31	−0.116%	$4.9M	$6.5M	50x	as long as short
Bybit BCHUSDT	−0.0079%	8h	266.24	−0.143%	$39.2M	$32.9M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+1.343%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	266.58	−0.015%	$224K	$2.1M	50x	as long as short
Binance BCHUSDT	−0.0024%	8h	266.28	−0.126%	$72.9M	$233.0M	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	−0.0024%	1h	266.30	−0.120%	$115K	$652K	25x	as long as short
MEXC BCH_USDTshort	−0.0023%	8h	266.84	+0.083%	$69.9M	$6.9M	200x
dYdX BCH-USD	0.0000%	1h	266.60	−0.009%	$5K	$248	10x	as long as short
Gate BCH_USDT	0.0000%	8h	266.38	−0.090%	$8.3M	$14.9M	75x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.94	+0.120%	$1.2M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	266.48	−0.053%	$4K	—	150x	as long as short
Bitget BCHUSDT	+0.0021%	8h	266.19	−0.161%	$19.1M	$30.1M	75x	as long as short
GRVT BCH_USDT_Perp	+0.0024%	8h	266.27	−0.130%	$388K	$17K	10x	as long as short
Nado BCH-PERP	+0.0025%	1h	266.25	−0.139%	$442K	$436K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	266.26	−0.135%	$2K	$176	10x	as long as short
OKX BCH-USDT-SWAP	+0.0031%	8h	266.20	−0.158%	$25.9M	$78.2M	50x	as long as short
BingX BCH-USDT	+0.0033%	8h	266.22	−0.150%	—	$31.2M	—	as long as short
Lighter BCH	+0.0096%	1h	266.29	−0.123%	$367K	$558K	10x	as long as short
BloFin BCH-USDT	+0.0098%	8h	266.34	−0.105%	$3.9M	$4.2M	50x	as long as short
Hyperliquid BCHlong	+0.0100%	1h	266.62	long leg	$6.0M	$4.5M	10x
Aster BCHUSDT	+0.0100%	8h	266.36	−0.097%	$210K	$673K	75x	as long as short
Pacifica BCH	+0.0100%	1h	266.32	−0.112%	$162K	$431K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	266.35	−0.101%	$9.0M	$7.8M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.31	−0.118%	$19K	$292K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.28	−0.128%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	266.22	−0.150%	$774K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0332% / S −0.0451%	1h	266.54	−0.030%	$25K	—	100x	as long as short