Funding you earn now, next payment 02:00 UTC−0.0060%/8h= −6.5% APRnext payment −$0.07 per $10,000 · paid last 24h 0.000%
Price spread now: Pacifica against Hyperliquid+0.007%54s7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as 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−$400.402% of the position
Funding, last 7 days−0.060%−$6 on $10k
+Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.007%, 7d avg −0.039%
=Together, before fees−0.139%+ Points / potential airdropHyperliquid: Season 2 · Pacifica: Active · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Pacifica is 0.046% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.007% now, against its 7-day average of −0.039%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 7 days (−0.060% in total) that is about 5.4 days. The two prices were read 54 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 | 265.98 | 0.0100 | pay 0.0013% / 1h | 51m 49s | $5.8M | $5.0M | 10x |
| Short | Pacifica BCH | 266.00 | 0.0040 | get 0.0005% / 1h | 51m 49s | $162K | $407K | 10x |
Hyperliquid BCH
Pacifica BCHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$12.5
- Price spread: +0.007% → −0.039%
- $4.6
- Slippage, 4 orders
- −$23.21
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$48.1
- Costs to cover
- 0.402%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; Pacifica: live order book, 17 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 | 0.94 bp | 6.8 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 17 min ago | 4.27 bp | 11.4 bp −$11 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni BCHUSDT | −0.1211% | 1h | 265.84 | −0.053% | $72K | $214K | 50x | as long as short |
| SoDEX BCH-USD | −0.0454% | 1h | 265.79 | −0.071% | $2K | $6K | 10x | as long as short |
| Phemex BCHUSDT | −0.0426% | 8h | 265.81 | −0.064% | $4.9M | $6.5M | 50x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0412% | 1h | 265.88 | −0.038% | $449K | $266K | 25x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0299% | 1h | 266.03 | +0.020% | $853K | $3.1M | 50x | as long as short |
| GRVT BCH_USDT_Perp | −0.0243% | 8h | 264.08 | −0.716% | $385K | $17K | 10x | as long as short |
| Gate BCH_USDT | −0.0126% | 8h | 265.95 | −0.011% | $8.4M | $13.2M | 75x | as long as short |
| Variational Omni BCH | −0.0125% | 8h | 264.31 | −0.628% | $81K | $285K | — | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0112% | 1h | 265.93 | −0.019% | $236K | $2.1M | 50x | as long as short |
| Extended BCH-USD | −0.0088% | 1h | 265.66 | −0.119% | $112K | $966K | 25x | as long as short |
ApeX Omni BCHUSDT
SoDEX BCH-USD
Phemex BCHUSDT
Deribit BCH_USDC-PERPETUAL
Kraken Futures PF_BCHUSD
GRVT BCH_USDT_Perp
Gate BCH_USDT
Variational Omni BCH
Coinbase International BCH-PERP-INTX
Extended BCH-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BCHUSDT | −0.0087% | 8h | 265.77 | −0.081% | $71.7M | $233.3M | 75x | as long as short |
| MEXC BCH_USDT | −0.0086% | 8h | 266.26 | +0.105% | $69.7M | $6.8M | 200x | as long as short |
| Bybit BCHUSDT | −0.0060% | 8h | 265.74 | −0.090% | $39.1M | $33.4M | 75x | as long as short |
| HTX BCH-USDT | −0.0050% | 8h | 266.02 | +0.015% | $778K | $1.6M | 75x | as long as short |
| SunX BCH-USDT | −0.0048% | 8h | 265.67 | −0.117% | $1K | $1.9M | 30x | as long as short |
| Bitget BCHUSDT | −0.0032% | 8h | 265.70 | −0.105% | $19.1M | $29.9M | 75x | as long as short |
| OKX BCH-USDT-SWAP | −0.0028% | 8h | 265.60 | −0.143% | $25.8M | $76.5M | 50x | as long as short |
| Nado BCH-PERP | −0.0013% | 1h | 265.95 | −0.011% | $435K | $425K | 10x | as long as short |
| BingX BCH-USDC | −0.0012% | 8h | 265.94 | −0.015% | — | $6.5M | — | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 266.15 | +0.063% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 266.18 | +0.075% | $1.1M | $11.0M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 266.08 | +0.038% | $4K | — | 150x | as long as short |
| Orderly PERP_BCH_USDC | +0.0029% | 8h | 265.75 | −0.086% | $2K | $176 | 10x | as long as short |
| BloFin BCH-USDT | +0.0033% | 8h | 265.48 | −0.188% | $3.9M | $4.2M | 50x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +1.587% | $721 | $130K | 12x | as long as short |
| Pacifica BCHshort | +0.0040% | 1h | 266.00 | +0.007% | $162K | $407K | 10x | |
| KuCoin BCHUSDTM | +0.0090% | 8h | 265.97 | −0.004% | $8.6M | $7.6M | 75x | as long as short |
| Lighter BCH | +0.0096% | 1h | 265.50 | −0.179% | $365K | $478K | 10x | as long as short |
| Hyperliquid BCHlong | +0.0100% | 1h | 265.98 | long leg | $5.8M | $5.0M | 10x | |
| Aster BCHUSDT | +0.0100% | 8h | 266.00 | +0.009% | $170K | $688K | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 265.65 | −0.124% | $19K | $290K | 20x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0333% / S −0.0451% | 1h | 266.04 | +0.022% | $25K | — | 100x | as long as short |
Binance BCHUSDT
MEXC BCH_USDT
Bybit BCHUSDT
HTX BCH-USDT
SunX BCH-USDT
Bitget BCHUSDT
OKX BCH-USDT-SWAP
Nado BCH-PERP
BingX BCH-USDC
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Orderly PERP_BCH_USDC
BloFin BCH-USDT
Injective BCH/USDC PERP
KuCoin BCHUSDTM
Lighter BCH
Aster BCHUSDT
edgeX BCHUSDC
GMX BCH/USD [WBTC.b-USDC]