Funding you earn now, next payment 09:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h −0.038%
Price spread now: Nado against Hyperliquid−0.126%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$310.308% of the position
Funding, last 4 days (all we have)−0.110%−$11 on $10k
+Price spread, last 4 days (all we have)+0.816%+$82 · spread now −0.126%, 7d avg −0.072%
=Together, before fees+0.707%+ Points / potential airdropHyperliquid: Season 2 · Nado: Active · farm board+$71 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.054% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.072%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BCH | 267.51 | 0.0100 | pay 0.0013% / 1h | 53m 41s | $5.8M | $4.7M | 10x |
| Short | Nado BCH-PERP | 267.17 | 0.0067 | get 0.0008% / 1h | 53m 41s | $429K | $361K | 10x |
Hyperliquid BCH
Nado BCH-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$6.83
- Price spread: −0.126% → −0.072%
- −$5.42
- Slippage, 4 orders
- −$14.82
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$43.06
- Costs to cover
- 0.308%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Nado: live order book, 44 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, 8 min ago | 1.13 bp | 7.8 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 44 min ago | 0.57 bp | 7.9 bp −$8 | 20.2 bp −$202 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex BCHUSDT | −0.0590% | 8h | 267.16 | −0.131% | $5.0M | $6.5M | 50x | as long as short |
| GRVT BCH_USDT_Perp | −0.0470% | 8h | 266.55 | −0.360% | $389K | $17K | 10x | as long as short |
| SoDEX BCH-USD | −0.0390% | 1h | 267.14 | −0.138% | $2K | $8K | 10x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0158% | 1h | 267.40 | −0.042% | $869K | $2.7M | 50x | as long as short |
| Variational Omni BCH | −0.0135% | 8h | 267.21 | −0.114% | $145K | $259K | — | as long as short |
| Gate BCH_USDT | −0.0115% | 8h | 267.29 | −0.082% | $8.4M | $12.8M | 75x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0083% | 1h | 267.27 | −0.089% | $420K | $359K | 25x | as long as short |
| OKX BCH-USDT-SWAP | −0.0079% | 8h | 267.20 | −0.116% | $25.3M | $78.3M | 50x | as long as short |
| KuCoin BCHUSDTM | −0.0076% | 8h | 267.29 | −0.082% | $8.6M | $6.3M | 75x | as long as short |
| Bitget BCHUSDT | −0.0073% | 8h | 267.34 | −0.064% | $19.3M | $27.1M | 75x | as long as short |
Phemex BCHUSDT
GRVT BCH_USDT_Perp
SoDEX BCH-USD
Kraken Futures PF_BCHUSD
Variational Omni BCH
Gate BCH_USDT
Deribit BCH_USDC-PERPETUAL
OKX BCH-USDT-SWAP
KuCoin BCHUSDTM
Bitget BCHUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BCHUSDT | −0.0044% | 8h | 267.27 | −0.090% | $74.1M | $215.4M | 75x | as long as short |
| MEXC BCH_USDT | −0.0043% | 8h | 267.85 | +0.127% | $72.1M | $9.1M | 200x | as long as short |
| Extended BCH-USD | −0.0040% | 1h | 267.18 | −0.123% | $119K | $917K | 25x | as long as short |
| BingX BCH-USDC | −0.0035% | 8h | 267.31 | −0.075% | — | $6.5M | — | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 267.36 | −0.056% | $15K | — | 150x | as long as short |
| Pacifica BCH | −0.0002% | 1h | 267.30 | −0.079% | $155K | $299K | 10x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 267.36 | −0.056% | $5K | $240 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 267.61 | +0.037% | $1.0M | $9.9M | 2.7x | as long as short |
| Aster BCHUSDT | +0.0016% | 8h | 267.24 | −0.101% | $141K | $566K | 75x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +1.006% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0045% | 8h | 267.13 | −0.142% | $2K | — | 10x | as long as short |
| Nado BCH-PERPshort | +0.0067% | 1h | 267.17 | −0.126% | $429K | $361K | 10x | |
| Bybit BCHUSDT | +0.0068% | 8h | 267.30 | −0.079% | $39.5M | $32.1M | 75x | as long as short |
| BloFin BCH-USDT | +0.0076% | 8h | 267.22 | −0.108% | $3.6M | $4.9M | 50x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0088% | 1h | 267.60 | +0.034% | $307K | $2.1M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 267.38 | −0.050% | $374K | $492K | 10x | as long as short |
| Hyperliquid BCHlong | +0.0100% | 1h | 267.51 | long leg | $5.8M | $4.7M | 10x | |
| edgeX BCHUSDC | +0.0100% | 4h | 267.25 | −0.098% | $19K | $344K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 266.77 | −0.277% | $96K | $242K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 267.00 | −0.191% | $1K | $1.6M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 267.20 | −0.116% | $777K | $1.4M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0203% / S −0.0147% | 1h | 267.27 | −0.088% | $12K | — | 100x | as long as short |
Binance BCHUSDT
MEXC BCH_USDT
Extended BCH-USD
BingX BCH-USDC
gTrade (Gains Network) BCH/USD
Pacifica BCH
dYdX BCH-USD
Kalshi KXBCHPERP
Aster BCHUSDT
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
Bybit BCHUSDT
BloFin BCH-USDT
Coinbase International BCH-PERP-INTX
Lighter BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]