Funding you earn now, next payment 08:00 UTC+0.0184%/8h= +20.2% APRpaid last 24h +0.022%
Price spread now: Hyperliquid against Bybit+0.222%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$360.360% of the position
Funding, last 7 days+0.056%+$6 on $10k
+Price spread, last 7 days−0.196%−$20 · spread now +0.222%, 7d avg +0.065%
=Together, before fees−0.140%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.157% dearer against Bybit than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.065%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.056% in total (about 2.9% a year). A funding rate is set anew for every payment. 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 | Bybit BCHUSDT | 265.60 | −0.0084 | get 0.0084% / 8h | 42m 54s | $39.1M | $31.5M | 75x |
| Short | Hyperliquid BCH | 266.19 | 0.0100 | get 0.0013% / 1h | 42m 54s | $5.7M | $4.7M | 10x |
Bybit BCHUSDT
Hyperliquid BCHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. 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
- $38.7
- Price spread: +0.222% → +0.065%
- $15.69
- Slippage, 4 orders
- −$16
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $18.39
- Costs to cover
- 0.360%
- Break-even
- 3.7 days
Slippage from Bybit: live order book, 1 min ago; Hyperliquid: live order book, 9 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 Bybit live order book, 1 min ago | 1.88 bp | 10.7 bp −$11 | 16.5 bp −$165 | 63.1 bp −$6,308 | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.56 bp | 7.0 bp −$7 | 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 | −0.0286% | 1h | 265.74 | +0.053% | $2K | $8K | 10x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0219% | 1h | 266.00 | +0.150% | $863K | $2.9M | 50x | as long as short |
| Phemex BCHUSDT | −0.0173% | 8h | 265.99 | +0.147% | $4.9M | $6.6M | 50x | as long as short |
| HTX BCH-USDT | −0.0122% | 8h | 265.92 | +0.120% | $779K | $1.4M | 75x | as long as short |
| Variational Omni BCH | −0.0107% | 8h | 265.50 | −0.038% | $81K | $196K | — | as long as short |
| KuCoin BCHUSDTM | −0.0086% | 8h | 266.09 | +0.184% | $8.5M | $6.5M | 75x | as long as short |
| Bybit BCHUSDTlong | −0.0084% | 8h | 265.60 | long leg | $39.1M | $31.5M | 75x | |
| Bitget BCHUSDT | −0.0070% | 8h | 265.61 | +0.004% | $19.3M | $27.6M | 75x | as long as short |
| OKX BCH-USDT-SWAP | −0.0063% | 8h | 265.50 | −0.038% | $25.3M | $77.4M | 50x | as long as short |
| Binance BCHUSDT | −0.0048% | 8h | 265.67 | +0.027% | $73.2M | $218.5M | 75x | as long as short |
SoDEX BCH-USD
Kraken Futures PF_BCHUSD
Phemex BCHUSDT
HTX BCH-USDT
Variational Omni BCH
KuCoin BCHUSDTM
Bitget BCHUSDT
OKX BCH-USDT-SWAP
Binance BCHUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BCH-USD | −0.0048% | 1h | 265.68 | +0.029% | $111K | $909K | 25x | as long as short |
| MEXC BCH_USDT | −0.0048% | 8h | 266.13 | +0.200% | $71.0M | $8.7M | 200x | as long as short |
| BingX BCH-USDC | −0.0038% | 8h | 265.65 | +0.019% | — | $6.5M | — | as long as short |
| GRVT BCH_USDT_Perp | −0.0034% | 8h | 265.36 | −0.091% | $387K | $17K | 10x | as long as short |
| Gate BCH_USDT | −0.0015% | 8h | 265.82 | +0.083% | $8.4M | $13.5M | 75x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 265.73 | +0.050% | $15K | — | 150x | as long as short |
| Pacifica BCH | −0.0003% | 1h | 265.64 | +0.015% | $159K | $310K | 10x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 265.92 | +0.119% | $5K | $240 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 266.26 | +0.248% | $1.0M | $10.6M | 2.7x | as long as short |
| Deribit BCH_USDC-PERPETUAL | 0.0000% | 1h | 266.00 | +0.149% | $442K | $338K | 25x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +1.732% | $721 | $130K | 12x | as long as short |
| Aster BCHUSDT | +0.0037% | 8h | 265.92 | +0.122% | $137K | $593K | 75x | as long as short |
| Orderly PERP_BCH_USDC | +0.0045% | 8h | 265.78 | +0.068% | $2K | $176 | 10x | as long as short |
| Nado BCH-PERP | +0.0045% | 1h | 265.75 | +0.056% | $438K | $358K | 10x | as long as short |
| BloFin BCH-USDT | +0.0072% | 8h | 266.09 | +0.184% | $4.0M | $4.5M | 50x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0088% | 1h | 266.18 | +0.218% | $251K | $1.9M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 266.09 | +0.185% | $355K | $469K | 10x | as long as short |
| Hyperliquid BCHshort | +0.0100% | 1h | 266.19 | +0.222% | $5.7M | $4.7M | 10x | |
| edgeX BCHUSDC | +0.0100% | 4h | 265.76 | +0.061% | $19K | $345K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 265.53 | −0.026% | $95K | $241K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 265.59 | −0.004% | $2K | $1.7M | 30x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0202% / S −0.0147% | 1h | 265.89 | +0.111% | $12K | — | 100x | as long as short |
Extended BCH-USD
MEXC BCH_USDT
BingX BCH-USDC
GRVT BCH_USDT_Perp
Gate BCH_USDT
gTrade (Gains Network) BCH/USD
Pacifica BCH
dYdX BCH-USD
Kalshi KXBCHPERP
Deribit BCH_USDC-PERPETUAL
Injective BCH/USDC PERP
Aster BCHUSDT
Orderly PERP_BCH_USDC
Nado BCH-PERP
BloFin BCH-USDT
Coinbase International BCH-PERP-INTX
Lighter BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]