Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: Hyperliquid against Kalshi−0.026%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$420.417% of the position
Funding, last 7 days+0.131%+$13 on $10k
+Price spread, last 7 days−0.069%−$7 · spread now −0.026%, 7d avg +0.021%
=Together, before fees+0.062%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.047% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of +0.021%). If the spread goes back, that is −$5 on $10k: about 38 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 | Kalshi KXBCHPERP | 265.69 | 0 | get 0.0000% / 8h | 5h 57m | $993K | $10.5M | 2.7x |
| Short | Hyperliquid BCH | 265.62 | 0.0100 | get 0.0013% / 1h | 57m 38s | $5.7M | $4.7M | 10x |
Kalshi KXBCHPERP
Hyperliquid BCHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Kalshi. 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
- $21
- Price spread: −0.026% → +0.021%
- −$4.7
- Slippage, 4 orders
- −$22.68
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$25.38
- Costs to cover
- 0.417%
- Break-even
- 15.5 days
Slippage from Kalshi: live order book, 1 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 Kalshi live order book, 1 min ago | 4.51 bp | 16.3 bp −$16 | 21.0 bp −$210 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.56 bp | 7.8 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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX BCH-USD | −0.0321% | 1h | 265.21 | −0.181% | $2K | $8K | 10x | as long as short |
| HTX BCH-USDT | −0.0195% | 8h | 265.22 | −0.177% | $774K | $1.4M | 75x | as long as short |
| Phemex BCHUSDT | −0.0177% | 8h | 265.44 | −0.094% | $5.0M | $6.6M | 50x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0103% | 1h | 265.35 | −0.127% | $848K | $3.0M | 50x | as long as short |
| KuCoin BCHUSDTM | −0.0095% | 8h | 265.48 | −0.079% | $8.5M | $6.7M | 75x | as long as short |
| Bitget BCHUSDT | −0.0095% | 8h | 265.02 | −0.252% | $19.0M | $28.5M | 75x | as long as short |
| Variational Omni BCH | −0.0070% | 8h | 265.20 | −0.184% | $81K | $196K | — | as long as short |
| OKX BCH-USDT-SWAP | −0.0069% | 8h | 265.00 | −0.260% | $25.3M | $78.2M | 50x | as long as short |
| Extended BCH-USD | −0.0048% | 1h | 264.78 | −0.344% | $112K | $1.1M | 25x | as long as short |
| Binance BCHUSDT | −0.0044% | 8h | 265.15 | −0.202% | $73.1M | $221.1M | 75x | as long as short |
SoDEX BCH-USD
HTX BCH-USDT
Phemex BCHUSDT
Kraken Futures PF_BCHUSD
KuCoin BCHUSDTM
Bitget BCHUSDT
Variational Omni BCH
OKX BCH-USDT-SWAP
Extended BCH-USD
Binance BCHUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BCH_USDT | −0.0044% | 8h | 265.66 | −0.011% | $70.7M | $8.5M | 200x | as long as short |
| Bybit BCHUSDT | −0.0031% | 8h | 265.07 | −0.233% | $39.0M | $31.8M | 75x | as long as short |
| BingX BCH-USDT | −0.0021% | 8h | 265.24 | −0.169% | — | $32.9M | — | as long as short |
| GRVT BCH_USDT_Perp | −0.0012% | 8h | 265.31 | −0.143% | $387K | $17K | 10x | as long as short |
| SunX BCH-USDT | −0.0009% | 8h | 265.48 | −0.079% | $2K | $1.7M | 30x | as long as short |
| Nado BCH-PERP | −0.0007% | 1h | 264.90 | −0.296% | $436K | $356K | 10x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 265.50 | −0.072% | $15K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 265.72 | +0.010% | $5K | $240 | 10x | as long as short |
| Kalshi KXBCHPERPlong | 0.0000% | 8h | 265.69 | long leg | $993K | $10.5M | 2.7x | |
| Deribit BCH_USDC-PERPETUAL | 0.0000% | 1h | 265.37 | −0.121% | $442K | $333K | 25x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0008% | 1h | 265.56 | −0.049% | $221K | $1.9M | 50x | as long as short |
| Gate BCH_USDT | +0.0015% | 8h | 265.32 | −0.139% | $8.4M | $13.8M | 75x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +1.697% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0046% | 8h | 265.30 | −0.147% | $2K | $176 | 10x | as long as short |
| Aster BCHUSDT | +0.0063% | 8h | 265.12 | −0.214% | $150K | $564K | 75x | as long as short |
| BloFin BCH-USDT | +0.0076% | 8h | 265.16 | −0.199% | $3.9M | $4.5M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 265.37 | −0.119% | $354K | $495K | 10x | as long as short |
| Hyperliquid BCHshort | +0.0100% | 1h | 265.62 | −0.026% | $5.7M | $4.7M | 10x | |
| Pacifica BCH | +0.0100% | 1h | 265.37 | −0.121% | $159K | $312K | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 265.04 | −0.244% | $18K | $343K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 265.60 | −0.034% | $95K | $237K | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0202% / S −0.0147% | 1h | 265.56 | −0.048% | $12K | — | 100x | as long as short |
MEXC BCH_USDT
Bybit BCHUSDT
BingX BCH-USDT
GRVT BCH_USDT_Perp
SunX BCH-USDT
Nado BCH-PERP
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Deribit BCH_USDC-PERPETUAL
Coinbase International BCH-PERP-INTX
Gate BCH_USDT
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
Aster BCHUSDT
BloFin BCH-USDT
Lighter BCH
Pacifica BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
GMX BCH/USD [WBTC.b-USDC]