Funding you earn now, next payment 01:00 UTC+0.0314%/8h= +34.3% APRnext payment +$0.39 per $10,000 · paid last 24h +0.005%
Price spread now: Hyperliquid against ApeX Omni+0.070%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$430.426% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 3 days (all we have)−0.098%−$10 · spread now +0.070%, 7d avg +0.001%
=Together, before fees−0.169%+ Points / potential airdropHyperliquid: Season 2 · farm board−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Hyperliquid is 0.070% dearer against ApeX Omni than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.001%. Mind the row above: over the last 7 days funding on this pair cost −0.071%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.071% in total (about -3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.39 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni BCHUSDT | 269.80 | −0.0214 | get 0.0027% / 1h | 10m 41s | $73K | $215K | 50x |
| Short | Hyperliquid BCH | 269.99 | 0.0100 | get 0.0013% / 1h | 10m 41s | $6.6M | $4.6M | 10x |
ApeX Omni BCHUSDT
Hyperliquid BCHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against ApeX Omni. 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
- $65.86
- Price spread: +0.070% → +0.001%
- $6.98
- Slippage, 4 orders
- −$23.62
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $30.22
- Costs to cover
- 0.426%
- Break-even
- 3.8 days
Slippage from ApeX Omni: live order book, 60 min ago; Hyperliquid: live order book, 1 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 ApeX Omni live order book, 60 min ago | 4.51 bp | 12.5 bp −$13 | 103.5 bp −$1,035 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 1 min ago | 2.22 bp | 8.5 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex BCHUSDT | −0.0620% | 8h | 269.23 | −0.211% | $5.0M | $6.5M | 50x | as long as short |
| SoDEX BCH-USD | −0.0543% | 1h | 269.20 | −0.222% | $2K | $6K | 10x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0495% | 1h | 269.42 | −0.139% | $455K | $266K | 25x | as long as short |
| ApeX Omni BCHUSDTlong | −0.0214% | 1h | 269.80 | long leg | $73K | $215K | 50x | |
| Gate BCH_USDT | −0.0174% | 8h | 269.67 | −0.048% | $8.5M | $14.3M | 75x | as long as short |
| GRVT BCH_USDT_Perp | −0.0169% | 8h | 269.62 | −0.067% | $393K | $17K | 10x | as long as short |
| Variational Omni BCH | −0.0126% | 8h | 269.21 | −0.220% | $83K | $285K | — | as long as short |
| Extended BCH-USD | −0.0072% | 1h | 269.49 | −0.115% | $117K | $961K | 25x | as long as short |
| Binance BCHUSDT | −0.0071% | 8h | 269.67 | −0.048% | $73.0M | $229.6M | 75x | as long as short |
| MEXC BCH_USDT | −0.0069% | 8h | 270.00 | +0.074% | $70.8M | $6.7M | 200x | as long as short |
Phemex BCHUSDT
SoDEX BCH-USD
Deribit BCH_USDC-PERPETUAL
Gate BCH_USDT
GRVT BCH_USDT_Perp
Variational Omni BCH
Extended BCH-USD
Binance BCHUSDT
MEXC BCH_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BCH-PERP-INTX | −0.0056% | 1h | 269.44 | −0.133% | $231K | $2.0M | 50x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0049% | 1h | 269.56 | −0.089% | $858K | $3.1M | 50x | as long as short |
| Bybit BCHUSDT | −0.0048% | 8h | 269.70 | −0.037% | $39.8M | $32.6M | 75x | as long as short |
| Bitget BCHUSDT | −0.0024% | 8h | 269.62 | −0.067% | $19.4M | $29.2M | 75x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0003% / S +0.0007% | 1h | 269.64 | −0.058% | $7K | — | 150x | as long as short |
| OKX BCH-USDT-SWAP | −0.0001% | 8h | 269.50 | −0.111% | $26.2M | $76.4M | 50x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 269.73 | −0.027% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 269.79 | −0.004% | $1.1M | $10.9M | 2.7x | as long as short |
| BingX BCH-USDC | +0.0005% | 8h | 269.61 | −0.070% | — | $6.5M | — | as long as short |
| Orderly PERP_BCH_USDC | +0.0029% | 8h | 269.31 | −0.182% | $2K | $176 | 10x | as long as short |
| Nado BCH-PERP | +0.0031% | 1h | 269.45 | −0.130% | $437K | $419K | 10x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +0.148% | $721 | $130K | 12x | as long as short |
| BloFin BCH-USDT | +0.0050% | 8h | 269.22 | −0.215% | $3.9M | $4.3M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 269.74 | −0.024% | $371K | $530K | 10x | as long as short |
| Hyperliquid BCHshort | +0.0100% | 1h | 269.99 | +0.070% | $6.6M | $4.6M | 10x | |
| Aster BCHUSDT | +0.0100% | 8h | 269.41 | −0.145% | $177K | $658K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 269.72 | −0.029% | $164K | $407K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 269.55 | −0.093% | $8.8M | $7.6M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 269.52 | −0.102% | $19K | $292K | 20x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 269.22 | −0.215% | $2K | $1.9M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 269.28 | −0.193% | $782K | $1.6M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0335% / S −0.0451% | 1h | 269.54 | −0.096% | $25K | — | 100x | as long as short |
Coinbase International BCH-PERP-INTX
Kraken Futures PF_BCHUSD
Bybit BCHUSDT
Bitget BCHUSDT
gTrade (Gains Network) BCH/USD
OKX BCH-USDT-SWAP
dYdX BCH-USD
Kalshi KXBCHPERP
BingX BCH-USDC
Orderly PERP_BCH_USDC
Nado BCH-PERP
Injective BCH/USDC PERP
BloFin BCH-USDT
Lighter BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]