Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.015%

Price spread now: Hyperliquid against MEXC−0.041%7-day average −0.158% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on MEXC Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 7 days−0.094%−$9 · spread now −0.041%, 7d avg −0.158%

Together, before fees−0.020%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.117% dearer against MEXC than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.158%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BCH_USDT	267.84	−0.0044	get 0.0044% / 8h	7h 46m	$70.2M	$6.6M	200x
Short	Hyperliquid BCH	267.73	0.0100	get 0.0013% / 1h	46m 28s	$6.0M	$4.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against MEXC. 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 MEXCbpFee HyperliquidbpOrdersPrice spread, now −0.041%Rate

Funding earned: $30.24
Price spread: −0.041% → −0.158%: $11.74
Slippage, 4 orders: −$15.86
Fee MEXC: 2 bp × 2 orders: −$4
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $13.12
Costs to cover: 0.289%
Break-even: 4.0 days

Slippage from MEXC: live order book, 3 min ago; Hyperliquid: live order book, 6 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 MEXC live order book, 3 min ago	0.37 bp	7.9 bp −$8	12.2 bp −$122	27.1 bp −$2,707	78.9 bp −$39.5K
Sell Hyperliquid live order book, 6 min ago	1.50 bp	8.8 bp −$9	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
SoDEX BCH-USD	−0.0539%	1h	267.25	−0.220%	$2K	$6K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0445%	1h	267.44	−0.149%	$452K	$266K	25x	as long as short
HTX BCH-USDT	−0.0398%	8h	267.39	−0.168%	$770K	$1.6M	75x	as long as short
Gate BCH_USDT	−0.0393%	8h	267.32	−0.194%	$8.4M	$14.1M	75x	as long as short
Phemex BCHUSDT	−0.0252%	8h	267.36	−0.179%	$4.9M	$6.5M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0235%	8h	267.57	−0.100%	$390K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0161%	1h	267.55	−0.108%	$72K	$214K	50x	as long as short
Variational Omni BCH	−0.0133%	8h	267.21	−0.236%	$82K	$290K	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0056%	1h	267.52	−0.119%	$224K	$2.0M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	267.52	−0.118%	$856K	$3.1M	50x	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	−0.0048%	1h	267.10	−0.278%	$113K	$722K	25x	as long as short
Binance BCHUSDT	−0.0047%	8h	267.11	−0.272%	$72.6M	$230.6M	75x	as long as short
MEXC BCH_USDTlong	−0.0044%	8h	267.84	long leg	$70.2M	$6.6M	200x
Bybit BCHUSDT	−0.0027%	8h	267.13	−0.265%	$39.5M	$32.5M	75x	as long as short
Nado BCH-PERP	−0.0010%	1h	267.13	−0.265%	$438K	$422K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	267.61	−0.086%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.82	−0.007%	$1.1M	$10.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.65	−0.071%	$4K	—	150x	as long as short
Bitget BCHUSDT	+0.0003%	8h	267.13	−0.265%	$19.3M	$29.3M	75x	as long as short
BingX BCH-USDC	+0.0027%	8h	267.24	−0.224%	—	$6.5M	—	as long as short
OKX BCH-USDT-SWAP	+0.0029%	8h	267.00	−0.314%	$25.9M	$76.5M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	267.43	−0.153%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.881%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0075%	8h	267.50	−0.127%	$3.9M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	267.31	−0.197%	$368K	$529K	10x	as long as short
Hyperliquid BCHshort	+0.0100%	1h	267.73	−0.041%	$6.0M	$4.4M	10x
Aster BCHUSDT	+0.0100%	8h	267.36	−0.179%	$174K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.33	−0.190%	$163K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	267.35	−0.183%	$9.0M	$7.6M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.50	−0.127%	$19K	$291K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.25	−0.220%	$1K	$1.9M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0224%	1h	267.60	−0.089%	$31K	—	100x	as long as short