Funding you earn now, next payment 23:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.02 per $10,000 · paid last 24h +0.035%
Price spread now: Hyperliquid against Kraken Futures+0.047%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$490.491% of the position
Funding, last 7 days+0.150%+$15 on $10k
+Price spread, last 3 days (all we have)−0.086%−$9 · spread now +0.047%, 7d avg 0.000%
=Together, before fees+0.064%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.047% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of 0.000%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 12 days. Mind the row above: over the last 7 days funding on this pair paid +0.150%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_BCHUSD | 270.12 | 0.0113 | pay 0.0014% / 1h | 49m 40s | $807K | $3.2M | 50x |
| Short | Hyperliquid BCH | 270.25 | 0.0100 | get 0.0013% / 1h | 49m 40s | $6.0M | $4.2M | 10x |
Kraken Futures PF_BCHUSD
Hyperliquid BCHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Kraken Futures. 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
- −$2.65
- Price spread: +0.047% → 0.000%
- $4.7
- Slippage, 4 orders
- −$30.13
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$47.08
- Costs to cover
- 0.491%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; Hyperliquid: 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 Kraken Futures live order book, 4 min ago | 7.21 bp | 12.5 bp −$13 | 24.4 bp −$244 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 0.93 bp | 7.9 bp −$8 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit BCH_USDC-PERPETUAL | −0.0572% | 1h | 269.96 | −0.059% | $458K | $263K | 25x | as long as short |
| Phemex BCHUSDT | −0.0209% | 8h | 269.97 | −0.057% | $4.9M | $6.3M | 50x | as long as short |
| Injective BCH/USDC PERP | −0.0154% | 1h | 270.20 | +0.028% | $721 | $130K | 12x | as long as short |
| Extended BCH-USD | −0.0080% | 1h | 269.85 | −0.100% | $116K | $653K | 25x | as long as short |
| Binance BCHUSDT | −0.0077% | 8h | 269.94 | −0.068% | $75.2M | $232.0M | 75x | as long as short |
| MEXC BCH_USDT | −0.0076% | 8h | 270.68 | +0.206% | $71.6M | $6.3M | 200x | as long as short |
| Variational Omni BCH | −0.0071% | 8h | 269.63 | −0.184% | $86K | $291K | — | as long as short |
| SoDEX BCH-USD | −0.0044% | 1h | 269.87 | −0.094% | $2K | $6K | 10x | as long as short |
| Bitget BCHUSDT | −0.0021% | 8h | 270.05 | −0.027% | $20.0M | $29.0M | 75x | as long as short |
| Gate BCH_USDT | −0.0016% | 8h | 269.95 | −0.064% | $8.4M | $14.7M | 75x | as long as short |
Deribit BCH_USDC-PERPETUAL
Phemex BCHUSDT
Injective BCH/USDC PERP
Extended BCH-USD
Binance BCHUSDT
MEXC BCH_USDT
Variational Omni BCH
SoDEX BCH-USD
Bitget BCHUSDT
Gate BCH_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX BCH-USD | 0.0000% | 1h | 270.03 | −0.035% | $5K | $248 | 10x | as long as short |
| Bybit BCHUSDT | 0.0000% | 8h | 269.81 | −0.116% | $39.7M | $32.6M | 75x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 270.43 | +0.113% | $1.1M | $11.5M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 269.96 | −0.062% | $4K | — | 150x | as long as short |
| GRVT BCH_USDT_Perp | +0.0001% | 8h | 270.88 | +0.280% | $395K | $17K | 10x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0016% | 1h | 269.84 | −0.105% | $232K | $2.1M | 50x | as long as short |
| Nado BCH-PERP | +0.0024% | 1h | 270.07 | −0.019% | $443K | $427K | 10x | as long as short |
| Orderly PERP_BCH_USDC | +0.0026% | 8h | 269.80 | −0.120% | $2K | $176 | 10x | as long as short |
| BloFin BCH-USDT | +0.0043% | 8h | 269.71 | −0.153% | $4.0M | $4.1M | 50x | as long as short |
| BingX BCH-USDT | +0.0044% | 8h | 269.96 | −0.061% | — | $32.0M | — | as long as short |
| OKX BCH-USDT-SWAP | +0.0047% | 8h | 269.90 | −0.083% | $26.1M | $77.3M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 270.02 | −0.037% | $379K | $583K | 10x | as long as short |
| Hyperliquid BCHshort | +0.0100% | 1h | 270.25 | +0.047% | $6.0M | $4.2M | 10x | |
| Aster BCHUSDT | +0.0100% | 8h | 269.89 | −0.087% | $220K | $700K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 269.99 | −0.050% | $164K | $468K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 269.98 | −0.053% | $8.9M | $8.0M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 269.81 | −0.117% | $19K | $289K | 20x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 269.73 | −0.146% | $2K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 269.84 | −0.105% | $786K | $1.7M | 75x | as long as short |
| Kraken Futures PF_BCHUSDlong | +0.0113% | 1h | 270.12 | long leg | $807K | $3.2M | 50x | |
| ApeX Omni BCHUSDT | +0.0341% | 1h | 270.36 | +0.087% | $73K | $214K | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0341% / S −0.0467% | 1h | 270.11 | −0.004% | $26K | — | 100x | as long as short |
dYdX BCH-USD
Bybit BCHUSDT
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
GRVT BCH_USDT_Perp
Coinbase International BCH-PERP-INTX
Nado BCH-PERP
Orderly PERP_BCH_USDC
BloFin BCH-USDT
BingX BCH-USDT
OKX BCH-USDT-SWAP
Lighter BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
SunX BCH-USDT
HTX BCH-USDT
ApeX Omni BCHUSDT
GMX BCH/USD [WBTC.b-USDC]