Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0160%/8h= −17.5% APRpaid last 24h −0.003%

Price spread now: KuCoin against Hyperliquid−0.199%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$500.501% of the position

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 7 days+0.201%+$20 · spread now −0.199%, 7d avg −0.010%

Together, before fees+0.245%+ Points / potential airdropHyperliquid: Season 2 · farm board+$25 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 KuCoin is 0.189% cheaper against Hyperliquid than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BCH	266.39	0.0100	pay 0.0013% / 1h	32m 58s	$5.7M	$4.7M	10x
Short	KuCoin BCHUSDTM	265.86	−0.0060	pay 0.0060% / 8h	5h 32m	$8.6M	$7.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee KuCoinbpOrdersPrice spread, now −0.199%Rate

Funding earned: −$33.6
Price spread: −0.199% → −0.010%: −$18.87
Slippage, 4 orders: −$29.12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$102.58
Costs to cover: 0.501%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; KuCoin: live order book, 5 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, 9 min ago	1.13 bp	7.2 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	1.88 bp	17.4 bp −$17	53.2 bp −$532	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
SunX BCH-USDT	−0.1677%	8h	265.70	−0.259%	$1K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0526%	8h	265.71	−0.255%	$773K	$1.5M	75x	as long as short
Phemex BCHUSDT	−0.0460%	8h	265.96	−0.161%	$4.9M	$6.6M	50x	as long as short
SoDEX BCH-USD	−0.0326%	1h	265.99	−0.150%	$2K	$8K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0167%	8h	265.87	−0.194%	$388K	$17K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0128%	1h	265.51	−0.330%	$226K	$1.8M	50x	as long as short
Gate BCH_USDT	−0.0125%	8h	266.01	−0.143%	$8.3M	$13.3M	75x	as long as short
Nado BCH-PERP	−0.0124%	1h	265.85	−0.203%	$420K	$339K	10x	as long as short
MEXC BCH_USDT	−0.0113%	8h	266.47	+0.030%	$70.2M	$6.9M	200x	as long as short
Binance BCHUSDT	−0.0112%	8h	266.18	−0.078%	$72.5M	$214.6M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0112%	1h	265.97	−0.156%	$116K	$956K	25x	as long as short
Variational Omni BCH	−0.0109%	8h	265.60	−0.297%	$81K	$201K	—	as long as short
OKX BCH-USDT-SWAP	−0.0069%	8h	266.10	−0.109%	$25.3M	$74.2M	50x	as long as short
ApeX Omni BCHUSDT	−0.0069%	1h	265.81	−0.218%	$97K	$227K	50x	as long as short
Bybit BCHUSDT	−0.0061%	8h	266.10	−0.109%	$39.3M	$31.1M	75x	as long as short
KuCoin BCHUSDTMshort	−0.0060%	8h	265.86	−0.199%	$8.6M	$7.2M	75x
Bitget BCHUSDT	−0.0058%	8h	266.07	−0.120%	$19.2M	$28.4M	75x	as long as short
BingX BCH-USDC	−0.0044%	8h	266.23	−0.060%	—	$6.5M	—	as long as short
Kraken Futures PF_BCHUSD	−0.0031%	1h	266.16	−0.088%	$853K	$3.0M	50x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	266.13	−0.099%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.85	−0.204%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.08	−0.116%	$1.1M	$10.3M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	266.10	−0.107%	$446K	$311K	25x	as long as short
BloFin BCH-USDT	+0.0008%	8h	266.04	−0.131%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0021%	1h	265.80	−0.221%	$162K	$322K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0033%	8h	265.95	−0.165%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.430%	$721	$130K	12x	as long as short
Lighter BCH	+0.0096%	1h	266.09	−0.112%	$366K	$477K	10x	as long as short
Hyperliquid BCHlong	+0.0100%	1h	266.39	long leg	$5.7M	$4.7M	10x
Aster BCHUSDT	+0.0100%	8h	266.04	−0.131%	$168K	$519K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.65	−0.277%	$19K	$292K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0357% / S −0.0525%	1h	266.08	−0.118%	$25K	—	100x	as long as short