Funding you earn now, next payment 01:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.003%
Price spread now: Hyperliquid against OKX+0.138%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$370.369% of the position
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 7 days−0.123%−$12 · spread now +0.138%, 7d avg +0.056%
=Together, before fees−0.095%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.082% dearer against OKX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.056%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX BCH-USDT-SWAP | 267.90 | 0.0025 | pay 0.0025% / 8h | 7h 58m | $26.1M | $79.1M | 50x |
| Short | Hyperliquid BCH | 268.27 | 0.0100 | get 0.0013% / 1h | 58m 11s | $6.0M | $4.5M | 10x |
OKX BCH-USDT-SWAP
Hyperliquid BCHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against OKX. 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
- $15.77
- Price spread: +0.138% → +0.056%
- $8.18
- Slippage, 4 orders
- −$17.86
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$12.92
- Costs to cover
- 0.369%
- Break-even
- 12.7 days
Slippage from OKX: live order book, 6 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 OKX live order book, 6 min ago | 1.87 bp | 6.9 bp −$7 | 11.4 bp −$114 | 53.5 bp −$5,346 | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.56 bp | 5.4 bp −$5 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex BCHUSDT | −0.3695% | 8h | 267.91 | +0.004% | $4.9M | $6.5M | 50x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0272% | 1h | 268.10 | +0.073% | $453K | $266K | 25x | as long as short |
| SoDEX BCH-USD | −0.0203% | 1h | 267.95 | +0.019% | $2K | $6K | 10x | as long as short |
| Variational Omni BCH | −0.0134% | 8h | 266.81 | −0.405% | $82K | $292K | — | as long as short |
| Nado BCH-PERP | −0.0125% | 1h | 267.71 | −0.072% | $441K | $435K | 10x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0056% | 1h | 267.42 | −0.179% | $226K | $2.1M | 50x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0049% | 1h | 268.16 | +0.095% | $857K | $3.2M | 50x | as long as short |
| ApeX Omni BCHUSDT | −0.0037% | 1h | 266.85 | −0.392% | $72K | $214K | 50x | as long as short |
| Binance BCHUSDT | −0.0034% | 8h | 267.99 | +0.035% | $73.1M | $235.3M | 75x | as long as short |
| Extended BCH-USD | −0.0032% | 1h | 267.86 | −0.014% | $115K | $648K | 25x | as long as short |
Phemex BCHUSDT
Deribit BCH_USDC-PERPETUAL
SoDEX BCH-USD
Variational Omni BCH
Nado BCH-PERP
Coinbase International BCH-PERP-INTX
Kraken Futures PF_BCHUSD
ApeX Omni BCHUSDT
Binance BCHUSDT
Extended BCH-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BCH_USDT | −0.0032% | 8h | 268.40 | +0.187% | $70.3M | $6.5M | 200x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 267.85 | −0.020% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 267.75 | −0.056% | $1.1M | $11.8M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 268.15 | +0.095% | $4K | — | 150x | as long as short |
| GRVT BCH_USDT_Perp | +0.0016% | 8h | 266.96 | −0.350% | $389K | $17K | 10x | as long as short |
| Bitget BCHUSDT | +0.0019% | 8h | 267.97 | +0.026% | $19.2M | $30.0M | 75x | as long as short |
| OKX BCH-USDT-SWAPlong | +0.0025% | 8h | 267.90 | long leg | $26.1M | $79.1M | 50x | |
| BingX BCH-USDC | +0.0028% | 8h | 267.93 | +0.011% | — | $6.5M | — | as long as short |
| Orderly PERP_BCH_USDC | +0.0030% | 8h | 267.93 | +0.011% | $2K | $176 | 10x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +0.859% | $721 | $130K | 12x | as long as short |
| HTX BCH-USDT | +0.0075% | 8h | 267.89 | −0.004% | $778K | $1.7M | 75x | as long as short |
| BloFin BCH-USDT | +0.0087% | 8h | 267.10 | −0.299% | $3.9M | $4.2M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 268.01 | +0.043% | $370K | $526K | 10x | as long as short |
| Hyperliquid BCHshort | +0.0100% | 1h | 268.27 | +0.138% | $6.0M | $4.5M | 10x | |
| Aster BCHUSDT | +0.0100% | 8h | 268.03 | +0.049% | $174K | $715K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 267.72 | −0.067% | $163K | $430K | 10x | as long as short |
| Bybit BCHUSDT | +0.0100% | 8h | 268.00 | +0.037% | $39.5M | $33.2M | 75x | as long as short |
| Gate BCH_USDT | +0.0100% | 8h | 268.11 | +0.078% | $8.4M | $14.0M | 75x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 268.07 | +0.063% | $9.0M | $7.7M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 266.84 | −0.394% | $19K | $292K | 20x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 267.86 | −0.015% | $2K | $2.0M | 30x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0333% / S −0.0224% | 1h | 268.20 | +0.112% | $31K | — | 100x | as long as short |
MEXC BCH_USDT
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
GRVT BCH_USDT_Perp
Bitget BCHUSDT
BingX BCH-USDC
Orderly PERP_BCH_USDC
Injective BCH/USDC PERP
HTX BCH-USDT
BloFin BCH-USDT
Lighter BCH
Aster BCHUSDT
Pacifica BCH
Bybit BCHUSDT
Gate BCH_USDT
KuCoin BCHUSDTM
edgeX BCHUSDC
SunX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]