Funding you earn now, next payment 00:00 UTC−0.0156%/8h= −17.1% APRnext payment −$0.20 per $10,000 · paid last 24h −0.020%
Price spread now: Coinbase International against Hyperliquid−0.563%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$380.378% of the position
Funding, last 7 days−0.047%−$5 on $10k
+Price spread, last 3 days (all we have)+0.437%+$44 · spread now −0.563%, 7d avg −0.018%
=Together, before fees+0.390%+ Points / potential airdropHyperliquid: Season 2 · farm board+$39 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Coinbase International is 0.544% cheaper against Hyperliquid than usual: you would sell low and buy high (−$54 if the spread goes back to its 7-day average of −0.018%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BCH | 270.08 | 0.0100 | pay 0.0013% / 1h | 14m 20s | $6.6M | $4.6M | 10x |
| Short | Coinbase International BCH-PERP-INTX | 268.56 | −0.0056 | pay 0.0007% / 1h | 14m 20s | $230K | $2.0M | 50x |
Hyperliquid BCH
Coinbase International BCH-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$32.76
- Price spread: −0.563% → −0.018%
- −$54.44
- Slippage, 4 orders
- −$18.82
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$125.02
- Costs to cover
- 0.378%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Coinbase International: 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 Hyperliquid live order book, 8 min ago | 0.19 bp | 5.4 bp −$5 | 11.2 bp −$112 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 6.15 bp | 13.3 bp −$13 | 19.1 bp −$191 | 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 | −0.0691% | 8h | 269.95 | −0.048% | $5.0M | $6.5M | 50x | as long as short |
| SoDEX BCH-USD | −0.0541% | 1h | 269.94 | −0.052% | $2K | $6K | 10x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0409% | 1h | 270.00 | −0.030% | $456K | $266K | 25x | as long as short |
| ApeX Omni BCHUSDT | −0.0232% | 1h | 268.64 | −0.533% | $73K | $215K | 50x | as long as short |
| GRVT BCH_USDT_Perp | −0.0210% | 8h | 268.51 | −0.581% | $391K | $17K | 10x | as long as short |
| Gate BCH_USDT | −0.0158% | 8h | 269.92 | −0.059% | $8.5M | $14.3M | 75x | as long as short |
| Variational Omni BCH | −0.0128% | 8h | 268.91 | −0.434% | $82K | $285K | — | as long as short |
| Bybit BCHUSDT | −0.0070% | 8h | 269.96 | −0.044% | $39.9M | $32.6M | 75x | as long as short |
| MEXC BCH_USDT | −0.0069% | 8h | 270.42 | +0.126% | $70.9M | $6.7M | 200x | as long as short |
| Binance BCHUSDT | −0.0068% | 8h | 269.96 | −0.044% | $73.2M | $229.6M | 75x | as long as short |
Phemex BCHUSDT
SoDEX BCH-USD
Deribit BCH_USDC-PERPETUAL
ApeX Omni BCHUSDT
GRVT BCH_USDT_Perp
Gate BCH_USDT
Variational Omni BCH
Bybit BCHUSDT
MEXC BCH_USDT
Binance BCHUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BCH-USD | −0.0064% | 1h | 269.80 | −0.105% | $117K | $961K | 25x | as long as short |
| Coinbase International BCH-PERP-INTXshort | −0.0056% | 1h | 268.56 | −0.563% | $230K | $2.0M | 50x | |
| Kraken Futures PF_BCHUSD | −0.0049% | 1h | 270.22 | +0.051% | $860K | $3.1M | 50x | as long as short |
| Bitget BCHUSDT | −0.0023% | 8h | 269.82 | −0.096% | $19.4M | $29.2M | 75x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0003% / S +0.0007% | 1h | 270.04 | −0.015% | $7K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 270.03 | −0.017% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 270.03 | −0.019% | $1.1M | $10.9M | 2.7x | as long as short |
| OKX BCH-USDT-SWAP | +0.0005% | 8h | 270.00 | −0.030% | $26.2M | $76.6M | 50x | as long as short |
| BingX BCH-USDT | +0.0011% | 8h | 269.79 | −0.107% | — | $32.3M | — | as long as short |
| Nado BCH-PERP | +0.0023% | 1h | 269.74 | −0.127% | $437K | $420K | 10x | as long as short |
| Orderly PERP_BCH_USDC | +0.0029% | 8h | 269.90 | −0.067% | $2K | $176 | 10x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +0.044% | $721 | $130K | 12x | as long as short |
| BloFin BCH-USDT | +0.0051% | 8h | 269.77 | −0.115% | $4.0M | $4.3M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 269.99 | −0.034% | $372K | $530K | 10x | as long as short |
| HTX BCH-USDT | +0.0098% | 8h | 269.71 | −0.137% | $783K | $1.6M | 75x | as long as short |
| Hyperliquid BCHlong | +0.0100% | 1h | 270.08 | long leg | $6.6M | $4.6M | 10x | |
| Aster BCHUSDT | +0.0100% | 8h | 269.85 | −0.087% | $178K | $658K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 269.86 | −0.081% | $164K | $407K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 269.81 | −0.100% | $8.8M | $7.6M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 268.42 | −0.615% | $19K | $292K | 20x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 269.71 | −0.137% | $2K | $1.9M | 30x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0335% / S −0.0451% | 1h | 269.98 | −0.038% | $25K | — | 100x | as long as short |
Extended BCH-USD
Kraken Futures PF_BCHUSD
Bitget BCHUSDT
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Kalshi KXBCHPERP
OKX BCH-USDT-SWAP
BingX BCH-USDT
Nado BCH-PERP
Orderly PERP_BCH_USDC
Injective BCH/USDC PERP
BloFin BCH-USDT
Lighter BCH
HTX BCH-USDT
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
SunX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]