Funding you earn now, next payment 05:00 UTC+0.0054%/8h= +6.0% APRpaid last 24h +0.011%
Price spread now: Hyperliquid against Orderly+0.126%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.126% dearer against Orderly than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BCH_USDC | 263.31 | 0.0046 | pay 0.0046% / 8h | 3h 08m | $2K | $176 | 10x |
| Short | Hyperliquid BCH | 263.64 | 0.0100 | get 0.0013% / 1h | 8m 37s | $5.6M | $4.6M | 10x |
Orderly PERP_BCH_USDC
Hyperliquid BCHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Orderly. 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
- $11.41
- Price spread: +0.126% → 0.000%
- $12.61
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $9.02
- Costs to cover
- 0.150%
- Break-even
- 1.5 days
Slippage unknown: Orderly: no order-book sample; Hyperliquid: live order book, 3 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 3 min ago | 0.76 bp | 9.1 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0297% | 1h | 263.29 | −0.008% | $2K | $8K | 10x | as long as short |
| HTX BCH-USDT | −0.0241% | 8h | 263.38 | +0.027% | $768K | $1.4M | 75x | as long as short |
| Phemex BCHUSDT | −0.0217% | 8h | 263.38 | +0.027% | $4.9M | $6.4M | 50x | as long as short |
| Nado BCH-PERP | −0.0183% | 1h | 263.55 | +0.091% | $428K | $347K | 10x | as long as short |
| SunX BCH-USDT | −0.0157% | 8h | 263.37 | +0.023% | $2K | $1.7M | 30x | as long as short |
| KuCoin BCHUSDTM | −0.0105% | 8h | 263.39 | +0.030% | $8.4M | $6.8M | 75x | as long as short |
| Bitget BCHUSDT | −0.0095% | 8h | 263.39 | +0.030% | $18.8M | $28.3M | 75x | as long as short |
| OKX BCH-USDT-SWAP | −0.0086% | 8h | 263.50 | +0.072% | $25.1M | $76.0M | 50x | as long as short |
| Binance BCHUSDT | −0.0066% | 8h | 263.52 | +0.081% | $71.5M | $216.0M | 75x | as long as short |
| MEXC BCH_USDT | −0.0065% | 8h | 264.03 | +0.273% | $69.8M | $7.9M | 200x | as long as short |
SoDEX BCH-USD
HTX BCH-USDT
Phemex BCHUSDT
Nado BCH-PERP
SunX BCH-USDT
KuCoin BCHUSDTM
Bitget BCHUSDT
OKX BCH-USDT-SWAP
Binance BCHUSDT
MEXC BCH_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BCH-USD | −0.0064% | 1h | 263.38 | +0.028% | $117K | $1.1M | 25x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0064% | 1h | 263.84 | +0.201% | $217K | $1.8M | 50x | as long as short |
| Variational Omni BCH | −0.0061% | 8h | 263.70 | +0.149% | $81K | $196K | — | as long as short |
| Kraken Futures PF_BCHUSD | −0.0052% | 1h | 263.51 | +0.076% | $852K | $3.0M | 50x | as long as short |
| GRVT BCH_USDT_Perp | −0.0044% | 8h | 264.39 | +0.410% | $385K | $17K | 10x | as long as short |
| Gate BCH_USDT | −0.0038% | 8h | 263.57 | +0.099% | $8.3M | $13.7M | 75x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0019% | 1h | 263.46 | +0.058% | $441K | $331K | 25x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 263.44 | +0.051% | $15K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 263.63 | +0.122% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 263.84 | +0.201% | $988K | $10.4M | 2.7x | as long as short |
| Bybit BCHUSDT | +0.0003% | 8h | 263.50 | +0.072% | $38.8M | $31.3M | 75x | as long as short |
| BingX BCH-USDT | +0.0010% | 8h | 263.51 | +0.076% | — | $32.9M | — | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +2.617% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDClong | +0.0046% | 8h | 263.31 | long leg | $2K | $176 | 10x | |
| BloFin BCH-USDT | +0.0054% | 8h | 263.42 | +0.042% | $3.9M | $4.4M | 50x | as long as short |
| Aster BCHUSDT | +0.0079% | 8h | 263.69 | +0.143% | $152K | $549K | 75x | as long as short |
| Lighter BCH | +0.0096% | 1h | 263.47 | +0.061% | $354K | $495K | 10x | as long as short |
| Hyperliquid BCHshort | +0.0100% | 1h | 263.64 | +0.126% | $5.6M | $4.6M | 10x | |
| Pacifica BCH | +0.0100% | 1h | 263.55 | +0.092% | $158K | $305K | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 264.28 | +0.367% | $18K | $320K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 264.45 | +0.433% | $96K | $234K | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0232% / S −0.0180% | 1h | 263.40 | +0.034% | $12K | — | 100x | as long as short |
Extended BCH-USD
Coinbase International BCH-PERP-INTX
Variational Omni BCH
Kraken Futures PF_BCHUSD
GRVT BCH_USDT_Perp
Gate BCH_USDT
Deribit BCH_USDC-PERPETUAL
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Kalshi KXBCHPERP
Bybit BCHUSDT
BingX BCH-USDT
Injective BCH/USDC PERP
BloFin BCH-USDT
Aster BCHUSDT
Lighter BCH
Pacifica BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
GMX BCH/USD [WBTC.b-USDC]