Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Hyperliquid against KuCoin+0.104%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$510.512% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 7 days−0.119%−$12 · spread now +0.104%, 7d avg +0.008%

Together, before fees−0.157%+ Points / potential airdropHyperliquid: Season 2 · farm board−$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.096% dearer against KuCoin than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BCHUSDTM	269.19	0.0100	pay 0.0100% / 8h	32m 23s	$9.2M	$7.8M	75x
Short	Hyperliquid BCH	269.47	0.0100	get 0.0013% / 1h	32m 23s	$6.0M	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpFee HyperliquidbpOrdersPrice spread, now +0.104%Rate

Funding earned: $0
Price spread: +0.104% → +0.008%: $9.58
Slippage, 4 orders: −$30.23
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$41.65
Costs to cover: 0.512%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Hyperliquid: live order book, 10 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 KuCoin live order book, 1 min ago	1.12 bp	18.7 bp −$19	68.6 bp −$686	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	0.55 bp	8.3 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	−0.0456%	1h	268.92	−0.099%	$454K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0154%	1h	268.75	−0.163%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0151%	8h	268.89	−0.111%	$4.9M	$6.5M	50x	as long as short
Variational Omni BCH	−0.0142%	8h	268.82	−0.138%	$82K	$294K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0125%	1h	269.12	−0.028%	$829K	$3.1M	50x	as long as short
Bybit BCHUSDT	−0.0088%	8h	269.00	−0.071%	$39.4M	$32.6M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+0.375%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	268.89	−0.111%	$236K	$2.1M	50x	as long as short
Extended BCH-USD	−0.0024%	1h	268.90	−0.107%	$116K	$652K	25x	as long as short
Binance BCHUSDT	−0.0020%	8h	269.17	−0.007%	$74.5M	$229.7M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0020%	8h	269.63	+0.163%	$70.6M	$6.7M	200x	as long as short
dYdX BCH-USD	0.0000%	1h	269.01	−0.068%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.14	−0.019%	$1.3M	$11.5M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	269.26	+0.027%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0009%	8h	269.11	−0.030%	$8.4M	$14.5M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	269.07	−0.045%	$2K	$176	10x	as long as short
GRVT BCH_USDT_Perp	+0.0028%	8h	269.11	−0.028%	$392K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0032%	8h	269.03	−0.059%	$19.2M	$29.2M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0040%	8h	269.00	−0.071%	$26.3M	$77.7M	50x	as long as short
BingX BCH-USDC	+0.0043%	8h	269.10	−0.033%	—	$6.5M	—	as long as short
Lighter BCH	+0.0096%	1h	268.98	−0.079%	$371K	$555K	10x	as long as short
BloFin BCH-USDT	+0.0100%	8h	268.87	−0.119%	$4.0M	$4.2M	50x	as long as short
Nado BCH-PERP	+0.0100%	1h	268.95	−0.089%	$444K	$425K	10x	as long as short
Hyperliquid BCHshort	+0.0100%	1h	269.47	+0.104%	$6.0M	$4.3M	10x
Aster BCHUSDT	+0.0100%	8h	269.02	−0.063%	$216K	$709K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.96	−0.084%	$163K	$467K	10x	as long as short
KuCoin BCHUSDTMlong	+0.0100%	8h	269.19	long leg	$9.2M	$7.8M	75x
edgeX BCHUSDC	+0.0100%	4h	268.98	−0.080%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	269.10	−0.033%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.92	−0.100%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.68	−0.189%	$777K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0334% / S −0.0340%	1h	269.29	+0.038%	$27K	—	100x	as long as short