BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.094%

Price spread now: Hyperliquid against Deribit+0.001%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

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

costs, in and out, $10k−$320.324% of the position

Long on Deribit Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.228%+$23 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now +0.001%, 7d avg +0.032%

Together, before fees+0.296%+ Points / potential airdropHyperliquid: Season 2 · farm board+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.032% cheaper against Deribit than usual: you would sell low and buy high (spread +0.001% now, against its 7-day average of +0.032%). If the spread goes back, that is −$3 on $10k: about 25 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BCH_USDC-PERPETUAL	264.81	0	get 0.0000% / 1h	18m 14s	$441K	$333K	25x
Short	Hyperliquid BCH	264.81	0.0100	get 0.0013% / 1h	18m 14s	$5.7M	$4.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Deribit. 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 DeribitbpFee HyperliquidbpOrdersPrice spread, now +0.001%Rate

Funding earned: $21
Price spread: +0.001% → +0.032%: −$3.17
Slippage, 4 orders: −$16.37
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$14.54
Costs to cover: 0.324%
Break-even: 11.8 days

Slippage from Deribit: live order book, 30 min ago; Hyperliquid: live order book, 4 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 Deribit live order book, 30 min ago	3.65 bp	7.2 bp −$7	13.9 bp −$139	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 4 min ago	1.33 bp	7.7 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
HTX BCH-USDT	−0.0221%	8h	264.27	−0.203%	$772K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0195%	1h	264.65	−0.060%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0184%	8h	264.55	−0.097%	$4.9M	$6.6M	50x	as long as short
Bitget BCHUSDT	−0.0104%	8h	264.61	−0.075%	$18.9M	$28.4M	75x	as long as short
KuCoin BCHUSDTM	−0.0093%	8h	264.63	−0.067%	$8.5M	$6.8M	75x	as long as short
Variational Omni BCH	−0.0076%	8h	263.30	−0.568%	$81K	$196K	—	as long as short
SunX BCH-USDT	−0.0069%	8h	264.40	−0.154%	$1K	$1.7M	30x	as long as short
OKX BCH-USDT-SWAP	−0.0068%	8h	264.40	−0.154%	$25.2M	$77.7M	50x	as long as short
Nado BCH-PERP	−0.0051%	1h	264.49	−0.121%	$433K	$354K	10x	as long as short
Extended BCH-USD	−0.0048%	1h	264.53	−0.107%	$115K	$1.1M	25x	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	−0.0047%	8h	264.96	+0.057%	$70.4M	$8.4M	200x	as long as short
Binance BCHUSDT	−0.0045%	8h	264.69	−0.045%	$73.0M	$220.3M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0040%	1h	264.80	−0.003%	$217K	$1.9M	50x	as long as short
Bybit BCHUSDT	−0.0029%	8h	264.50	−0.116%	$38.9M	$31.7M	75x	as long as short
BingX BCH-USDT	−0.0023%	8h	264.58	−0.086%	—	$32.9M	—	as long as short
GRVT BCH_USDT_Perp	−0.0022%	8h	262.55	−0.853%	$383K	$17K	10x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.64	−0.062%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.69	−0.044%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.84	+0.012%	$983K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUALlong	0.0000%	1h	264.81	long leg	$441K	$333K	25x
Gate BCH_USDT	+0.0026%	8h	264.64	−0.063%	$8.3M	$13.9M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.036%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0045%	8h	264.62	−0.071%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0066%	8h	264.72	−0.034%	$153K	$556K	75x	as long as short
BloFin BCH-USDT	+0.0072%	8h	264.49	−0.120%	$3.9M	$4.4M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.66	−0.056%	$353K	$497K	10x	as long as short
Hyperliquid BCHshort	+0.0100%	1h	264.81	+0.001%	$5.7M	$4.7M	10x
Pacifica BCH	+0.0100%	1h	264.55	−0.096%	$159K	$309K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.56	−0.472%	$18K	$348K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	262.75	−0.777%	$94K	$237K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0180%	1h	264.77	−0.013%	$845K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.68	−0.047%	$12K	—	100x	as long as short