Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Hyperliquid against Pacifica+0.027%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$350.353% of the position

Long on Pacifica Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.027%, 7d avg +0.035%

Together, before fees+0.042%+ Points / potential airdropPacifica: Active · Hyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BCH	268.93	0.0100	pay 0.0013% / 1h	19m 05s	$170K	$460K	10x
Short	Hyperliquid BCH	269.00	0.0100	get 0.0013% / 1h	19m 05s	$6.0M	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Pacifica. 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 PacificabpFee HyperliquidbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → +0.035%: −$0.8
Slippage, 4 orders: −$18.25
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$36.05
Costs to cover: 0.353%
Break-even: never at this rate

Slippage from Pacifica: live order book, 4 min ago; Hyperliquid: live order book, 3 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 Pacifica live order book, 4 min ago	3.35 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 3 min ago	0.74 bp	7.3 bp −$7	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	−0.0412%	1h	268.83	−0.037%	$440K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	268.50	−0.158%	$716	$110K	12x	as long as short
Phemex BCHUSDT	−0.0205%	8h	268.70	−0.084%	$4.9M	$6.3M	50x	as long as short
SoDEX BCH-USD	−0.0128%	1h	268.65	−0.103%	$2K	$6K	10x	as long as short
Extended BCH-USD	−0.0104%	1h	268.62	−0.114%	$105K	$643K	25x	as long as short
MEXC BCH_USDT	−0.0102%	8h	269.32	+0.146%	$71.4M	$6.4M	200x	as long as short
Binance BCHUSDT	−0.0101%	8h	268.64	−0.108%	$74.1M	$229.4M	75x	as long as short
Variational Omni BCH	−0.0070%	8h	268.84	−0.034%	$86K	$291K	—	as long as short
Bitget BCHUSDT	−0.0041%	8h	268.63	−0.110%	$19.9M	$28.9M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0031%	8h	268.83	−0.038%	$392K	$17K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTX	−0.0024%	1h	268.98	+0.020%	$246K	$2.1M	50x	as long as short
Bybit BCHUSDT	−0.0023%	8h	268.61	−0.118%	$39.5M	$32.1M	75x	as long as short
Gate BCH_USDT	−0.0019%	8h	268.69	−0.088%	$8.4M	$14.4M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	268.96	+0.012%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.02	+0.035%	$1.1M	$11.3M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.87	−0.021%	$4K	—	150x	as long as short
BingX BCH-USDT	+0.0011%	8h	268.76	−0.062%	—	$32.1M	—	as long as short
OKX BCH-USDT-SWAP	+0.0018%	8h	268.60	−0.121%	$26.4M	$76.1M	50x	as long as short
BloFin BCH-USDT	+0.0019%	8h	268.64	−0.106%	$4.0M	$4.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	268.69	−0.088%	$2K	$176	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	268.93	+0.002%	$806K	$3.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	268.75	−0.067%	$377K	$581K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	268.84	−0.033%	$440K	$425K	10x	as long as short
Hyperliquid BCHshort	+0.0100%	1h	269.00	+0.027%	$6.0M	$4.1M	10x
Aster BCHUSDT	+0.0100%	8h	268.82	−0.039%	$236K	$660K	75x	as long as short
Pacifica BCHlong	+0.0100%	1h	268.93	long leg	$170K	$460K	10x
KuCoin BCHUSDTM	+0.0100%	8h	268.83	−0.036%	$8.9M	$7.9M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.90	−0.009%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	269.07	+0.053%	$73K	$213K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.56	−0.136%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.65	−0.103%	$774K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0373% / S −0.0574%	1h	268.83	−0.037%	$26K	—	100x	as long as short