Funding you earn now, next payment 00:00 UTC−0.0154%/8h= −16.9% APRnext payment −$0.19 per $10,000 · paid last 24h −0.031%
Price spread now: Injective against Hyperliquid+1.172%73s7-day average +0.021% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.111%+$11 on $10k
+Price spread, last 3 days (all we have)−2.678%−$268 · spread now +1.172%, 7d avg +0.021%
=Together, before fees−2.567%+ Points / potential airdropHyperliquid: Season 2 · farm board−$257 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 1.151% dearer against Hyperliquid than usual: you sell high and buy low (spread +1.172% now, against its 7-day average of +0.021%): +$115 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 25 days. Mind the row above: over the last 7 days funding on this pair paid +0.111%, so the current rate has only just turned against you. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BCH | 267.07 | 0.0100 | pay 0.0013% / 1h | 6m 04s | $6.0M | $4.5M | 10x |
| Short | Injective BCH/USDC PERP | 270.20 | −0.0054 | pay 0.0007% / 1h | 6m 04s | $721 | $130K | 12x |
Hyperliquid BCH
Injective BCH/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$32.34
- Price spread: +1.172% → +0.021%
- $115.13
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $73.77
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 6 min ago; Injective: no order-book sample. Net counts fees only.
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, 6 min ago | 0.75 bp | 6.1 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit BCH_USDC-PERPETUAL | −0.0499% | 1h | 266.78 | −0.110% | $451K | $266K | 25x | as long as short |
| SoDEX BCH-USD | −0.0338% | 1h | 266.68 | −0.146% | $2K | $6K | 10x | as long as short |
| Variational Omni BCH | −0.0134% | 8h | 266.51 | −0.208% | $82K | $292K | — | as long as short |
| Kraken Futures PF_BCHUSD | −0.0126% | 1h | 266.90 | −0.063% | $840K | $3.1M | 50x | as long as short |
| Phemex BCHUSDT | −0.0120% | 8h | 266.64 | −0.161% | $4.9M | $6.5M | 50x | as long as short |
| ApeX Omni BCHUSDT | −0.0078% | 1h | 266.72 | −0.131% | $72K | $213K | 50x | as long as short |
| Bybit BCHUSDT | −0.0077% | 8h | 266.70 | −0.139% | $39.2M | $33.0M | 75x | as long as short |
| Injective BCH/USDC PERPshort | −0.0054% | 1h | 270.20 | +1.172% | $721 | $130K | 12x | |
| Coinbase International BCH-PERP-INTX | −0.0032% | 1h | 266.58 | −0.183% | $224K | $2.1M | 50x | as long as short |
| Binance BCHUSDT | −0.0026% | 8h | 266.70 | −0.138% | $73.0M | $232.9M | 75x | as long as short |
Deribit BCH_USDC-PERPETUAL
SoDEX BCH-USD
Variational Omni BCH
Kraken Futures PF_BCHUSD
Phemex BCHUSDT
ApeX Omni BCHUSDT
Bybit BCHUSDT
Coinbase International BCH-PERP-INTX
Binance BCHUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BCH_USDT | −0.0025% | 8h | 267.22 | +0.056% | $70.0M | $6.9M | 200x | as long as short |
| Extended BCH-USD | −0.0024% | 1h | 266.69 | −0.142% | $115K | $652K | 25x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 266.87 | −0.073% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 267.09 | +0.007% | $1.2M | $11.7M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 266.83 | −0.089% | $4K | — | 150x | as long as short |
| Gate BCH_USDT | +0.0001% | 8h | 266.80 | −0.101% | $8.3M | $14.9M | 75x | as long as short |
| Nado BCH-PERP | +0.0014% | 1h | 266.57 | −0.188% | $441K | $434K | 10x | as long as short |
| Bitget BCHUSDT | +0.0020% | 8h | 266.71 | −0.135% | $19.1M | $30.1M | 75x | as long as short |
| GRVT BCH_USDT_Perp | +0.0020% | 8h | 266.55 | −0.194% | $388K | $17K | 10x | as long as short |
| OKX BCH-USDT-SWAP | +0.0028% | 8h | 266.70 | −0.139% | $26.0M | $78.6M | 50x | as long as short |
| BingX BCH-USDT | +0.0028% | 8h | 266.64 | −0.161% | — | $31.2M | — | as long as short |
| Orderly PERP_BCH_USDC | +0.0029% | 8h | 266.65 | −0.157% | $2K | $176 | 10x | as long as short |
| BloFin BCH-USDT | +0.0095% | 8h | 266.51 | −0.210% | $3.9M | $4.2M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 266.77 | −0.112% | $368K | $559K | 10x | as long as short |
| Hyperliquid BCHlong | +0.0100% | 1h | 267.07 | long leg | $6.0M | $4.5M | 10x | |
| Aster BCHUSDT | +0.0100% | 8h | 266.77 | −0.113% | $211K | $673K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 266.69 | −0.140% | $162K | $429K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 266.80 | −0.101% | $9.0M | $7.8M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 266.40 | −0.252% | $19K | $290K | 20x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 266.50 | −0.213% | $1K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 266.53 | −0.202% | $774K | $1.6M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0332% / S −0.0451% | 1h | 266.86 | −0.079% | $25K | — | 100x | as long as short |
MEXC BCH_USDT
Extended BCH-USD
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Gate BCH_USDT
Nado BCH-PERP
Bitget BCHUSDT
GRVT BCH_USDT_Perp
OKX BCH-USDT-SWAP
BingX BCH-USDT
Orderly PERP_BCH_USDC
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]