Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against edgeX+0.377%106s7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$410.413% of the position

Long on edgeX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)−0.409%−$41 · spread now +0.377%, 7d avg +0.073%

Together, before fees−0.488%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board−$49 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 0.304% dearer against edgeX than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of +0.073%. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BCHUSDC	263.56	0.0100	pay 0.0050% / 4h	2h 17m	$18K	$348K	20x
Short	Hyperliquid BCH	264.55	0.0100	get 0.0013% / 1h	17m 48s	$5.7M	$4.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against edgeX. 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 edgeXbpFee HyperliquidbpOrdersPrice spread, now +0.377%Rate

Funding earned: $0
Price spread: +0.377% → +0.073%: $30.41
Slippage, 4 orders: −$23.3
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$10.89
Costs to cover: 0.413%
Break-even: never at this rate

Slippage from edgeX: 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 edgeX live order book, 30 min ago	7.39 bp	12.0 bp −$12	14.7 bp −$147	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	+0.270%	$772K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0195%	1h	264.65	+0.415%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0184%	8h	264.55	+0.377%	$4.9M	$6.6M	50x	as long as short
Bitget BCHUSDT	−0.0103%	8h	264.46	+0.342%	$18.9M	$28.4M	75x	as long as short
KuCoin BCHUSDTM	−0.0094%	8h	264.63	+0.407%	$8.5M	$6.8M	75x	as long as short
Variational Omni BCH	−0.0076%	8h	263.30	−0.096%	$81K	$196K	—	as long as short
SunX BCH-USDT	−0.0069%	8h	264.40	+0.320%	$1K	$1.7M	30x	as long as short
OKX BCH-USDT-SWAP	−0.0068%	8h	264.40	+0.320%	$25.1M	$77.7M	50x	as long as short
Nado BCH-PERP	−0.0051%	1h	264.49	+0.353%	$433K	$354K	10x	as long as short
Extended BCH-USD	−0.0048%	1h	264.21	+0.246%	$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
Binance BCHUSDT	−0.0045%	8h	264.38	+0.312%	$72.9M	$220.2M	75x	as long as short
MEXC BCH_USDT	−0.0045%	8h	264.82	+0.479%	$70.6M	$8.4M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0040%	1h	264.80	+0.471%	$217K	$1.9M	50x	as long as short
Bybit BCHUSDT	−0.0029%	8h	264.42	+0.327%	$38.9M	$31.7M	75x	as long as short
BingX BCH-USDC	−0.0023%	8h	264.48	+0.350%	—	$6.5M	—	as long as short
GRVT BCH_USDT_Perp	−0.0022%	8h	262.55	−0.382%	$383K	$17K	10x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.64	+0.412%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.54	+0.373%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.84	+0.487%	$983K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.81	+0.474%	$441K	$333K	25x	as long as short
Gate BCH_USDT	+0.0026%	8h	264.60	+0.396%	$8.3M	$13.9M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.520%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0045%	8h	264.62	+0.403%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0067%	8h	264.42	+0.327%	$153K	$556K	75x	as long as short
BloFin BCH-USDT	+0.0072%	8h	264.49	+0.354%	$3.9M	$4.4M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.33	+0.294%	$353K	$497K	10x	as long as short
Hyperliquid BCHshort	+0.0100%	1h	264.55	+0.377%	$5.7M	$4.7M	10x
Pacifica BCH	+0.0100%	1h	264.33	+0.293%	$158K	$309K	10x	as long as short
edgeX BCHUSDClong	+0.0100%	4h	263.56	long leg	$18K	$348K	20x
ApeX Omni BCHUSDT	+0.0100%	1h	262.75	−0.306%	$94K	$237K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0180%	1h	264.77	+0.461%	$845K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.68	+0.427%	$12K	—	100x	as long as short