Funding you earn now, next payment 09:00 UTC−0.0110%/8h= −12.1% APRnext payment −$0.14 per $10,000 · paid last 24h −0.093%
Price spread now: Deribit against Hyperliquid−0.088%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$360.359% of the position
Funding, last 7 days−0.230%−$23 on $10k
+Price spread, last 4 days (all we have)−0.205%−$21 · spread now −0.088%, 7d avg −0.032%
=Together, before fees−0.436%+ Points / potential airdropHyperliquid: Season 2 · farm board−$44 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.056% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.032%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BCH | 269.35 | 0.0100 | pay 0.0013% / 1h | 14m 45s | $5.9M | $4.7M | 10x |
| Short | Deribit BCH_USDC-PERPETUAL | 269.11 | −0.0010 | pay 0.0001% / 1h | 14m 45s | $423K | $358K | 25x |
Hyperliquid BCH
Deribit BCH_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Hyperliquid. 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
- −$23.11
- Price spread: −0.088% → −0.032%
- −$5.61
- Slippage, 4 orders
- −$19.89
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$64.61
- Costs to cover
- 0.359%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Deribit: live order book, 14 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 Hyperliquid live order book, 7 min ago | 0.19 bp | 9.2 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 14 min ago | 4.32 bp | 7.8 bp −$8 | 13.1 bp −$131 | 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 | −0.0408% | 1h | 268.96 | −0.145% | $2K | $8K | 10x | as long as short |
| Phemex BCHUSDT | −0.0395% | 8h | 269.06 | −0.108% | $5.0M | $6.5M | 50x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0157% | 1h | 269.16 | −0.069% | $896K | $2.7M | 50x | as long as short |
| Variational Omni BCH | −0.0125% | 8h | 268.91 | −0.163% | $147K | $261K | — | as long as short |
| GRVT BCH_USDT_Perp | −0.0114% | 8h | 268.52 | −0.307% | $392K | $17K | 10x | as long as short |
| OKX BCH-USDT-SWAP | −0.0103% | 8h | 269.00 | −0.130% | $25.4M | $77.9M | 50x | as long as short |
| Bitget BCHUSDT | −0.0062% | 8h | 269.05 | −0.111% | $19.2M | $27.4M | 75x | as long as short |
| Binance BCHUSDT | −0.0060% | 8h | 269.05 | −0.113% | $73.7M | $213.1M | 75x | as long as short |
| MEXC BCH_USDT | −0.0059% | 8h | 269.65 | +0.111% | $72.4M | $9.4M | 200x | as long as short |
| Extended BCH-USD | −0.0056% | 1h | 268.89 | −0.172% | $118K | $918K | 25x | as long as short |
SoDEX BCH-USD
Phemex BCHUSDT
Kraken Futures PF_BCHUSD
Variational Omni BCH
GRVT BCH_USDT_Perp
OKX BCH-USDT-SWAP
Bitget BCHUSDT
Binance BCHUSDT
MEXC BCH_USDT
Extended BCH-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BCHUSDTM | −0.0053% | 8h | 269.12 | −0.085% | $8.6M | $6.1M | 75x | as long as short |
| Deribit BCH_USDC-PERPETUALshort | −0.0010% | 1h | 269.11 | −0.088% | $423K | $358K | 25x | |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 269.15 | −0.074% | $15K | — | 150x | as long as short |
| Pacifica BCH | −0.0002% | 1h | 269.08 | −0.098% | $156K | $293K | 10x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 269.17 | −0.066% | $5K | $240 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 269.44 | +0.033% | $1.0M | $9.2M | 2.7x | as long as short |
| Gate BCH_USDT | +0.0009% | 8h | 269.10 | −0.093% | $8.4M | $13.3M | 75x | as long as short |
| Aster BCHUSDT | +0.0014% | 8h | 269.09 | −0.097% | $152K | $553K | 75x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +0.316% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0044% | 8h | 268.98 | −0.137% | $2K | — | 10x | as long as short |
| Nado BCH-PERP | +0.0054% | 1h | 268.76 | −0.218% | $459K | $389K | 10x | as long as short |
| Bybit BCHUSDT | +0.0055% | 8h | 269.00 | −0.130% | $40.0M | $32.0M | 75x | as long as short |
| BloFin BCH-USDT | +0.0061% | 8h | 268.99 | −0.134% | $3.5M | $5.2M | 50x | as long as short |
| BingX BCH-USDC | +0.0081% | 8h | 269.08 | −0.100% | — | $6.5M | — | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0088% | 1h | 269.32 | −0.011% | $346K | $2.1M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 269.14 | −0.076% | $380K | $498K | 10x | as long as short |
| Hyperliquid BCHlong | +0.0100% | 1h | 269.35 | long leg | $5.9M | $4.7M | 10x | |
| edgeX BCHUSDC | +0.0100% | 4h | 268.61 | −0.274% | $19K | $346K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 268.63 | −0.267% | $97K | $242K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 268.77 | −0.215% | $2K | $1.6M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 268.84 | −0.189% | $774K | $1.4M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0210% / S −0.0163% | 1h | 269.13 | −0.082% | $13K | — | 100x | as long as short |
KuCoin BCHUSDTM
gTrade (Gains Network) BCH/USD
Pacifica BCH
dYdX BCH-USD
Kalshi KXBCHPERP
Gate BCH_USDT
Aster BCHUSDT
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
Nado BCH-PERP
Bybit BCHUSDT
BloFin BCH-USDT
BingX BCH-USDC
Coinbase International BCH-PERP-INTX
Lighter BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]