Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0121%/8h= +13.2% APRpaid last 24h −0.001%

Price spread now: Lighter against Bitget+0.058%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$320.315% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.058%, 7d avg +0.022%

Together, before fees−0.088%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.036% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.022%. Mind the row above: over the last 7 days funding on this pair cost −0.074%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BCHUSDT	270.88	−0.0025	get 0.0025% / 8h	1h 55m	$20.1M	$29.0M	75x
Short	Lighter BCH	271.04	0.0096	get 0.0012% / 1h	55m 40s	$380K	$583K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now +0.058%Rate

Funding earned: $25.41
Price spread: +0.058% → +0.022%: $3.55
Slippage, 4 orders: −$19.5
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$2.54
Costs to cover: 0.315%
Break-even: 7.7 days

Slippage from Bitget: live order book, 3 min ago; Lighter: live order book, 20 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 Bitget live order book, 3 min ago	0.93 bp	8.8 bp −$9	16.5 bp −$165	34.5 bp −$3,449	doesn't fit
Sell Lighter live order book, 20 min ago	3.50 bp	9.1 bp −$9	62.2 bp −$622	161.4 bp −$16.1K	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
Deribit BCH_USDC-PERPETUAL	−0.0243%	1h	269.72	−0.429%	$457K	$263K	25x	as long as short
Phemex BCHUSDT	−0.0196%	8h	269.54	−0.495%	$4.9M	$6.3M	50x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	268.50	−0.879%	$716	$110K	12x	as long as short
MEXC BCH_USDT	−0.0082%	8h	271.40	+0.192%	$71.8M	$6.3M	200x	as long as short
Binance BCHUSDT	−0.0080%	8h	270.97	+0.033%	$74.7M	$231.5M	75x	as long as short
Extended BCH-USD	−0.0080%	1h	270.76	−0.045%	$117K	$653K	25x	as long as short
Variational Omni BCH	−0.0071%	8h	267.74	−1.160%	$85K	$291K	—	as long as short
Bitget BCHUSDTlong	−0.0025%	8h	270.88	long leg	$20.1M	$29.0M	75x
Gate BCH_USDT	−0.0023%	8h	270.89	+0.004%	$8.4M	$14.6M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0013%	8h	267.83	−1.126%	$390K	$17K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BCH-USD	0.0000%	1h	271.03	+0.057%	$5K	$248	10x	as long as short
Bybit BCHUSDT	0.0000%	8h	270.73	−0.055%	$39.8M	$32.5M	75x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.69	−0.439%	$1.1M	$11.2M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	269.56	−0.488%	$4K	—	150x	as long as short
Nado BCH-PERP	+0.0014%	1h	269.36	−0.562%	$441K	$425K	10x	as long as short
Coinbase International BCH-PERP-INTX	+0.0016%	1h	269.61	−0.469%	$231K	$2.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0026%	8h	269.53	−0.498%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0037%	8h	268.61	−0.838%	$4.0M	$4.1M	50x	as long as short
BingX BCH-USDT	+0.0038%	8h	270.90	+0.007%	—	$32.0M	—	as long as short
OKX BCH-USDT-SWAP	+0.0043%	8h	270.90	+0.007%	$26.3M	$77.4M	50x	as long as short
SoDEX BCH-USD	+0.0075%	1h	269.65	−0.454%	$2K	$6K	10x	as long as short
Lighter BCHshort	+0.0096%	1h	271.04	+0.058%	$380K	$583K	10x
Aster BCHUSDT	+0.0100%	8h	271.01	+0.047%	$238K	$700K	75x	as long as short
Pacifica BCH	+0.0100%	1h	271.05	+0.064%	$171K	$455K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	271.07	+0.070%	$9.0M	$7.9M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.15	−1.010%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	267.95	−1.082%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	269.49	−0.513%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	269.51	−0.506%	$780K	$1.6M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0113%	1h	270.01	−0.322%	$809K	$3.2M	50x	as long as short
Hyperliquid BCH	+0.0184%	1h	271.15	+0.100%	$6.1M	$4.2M	10x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0341% / S −0.0467%	1h	269.57	−0.482%	$26K	—	100x	as long as short