Funding you earn now, next payment 22:00 UTC+0.0193%/8h= +21.1% APRpaid last 24h +0.004%
Price spread now: Lighter against Bybit+0.057%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$360.355% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.057%, 7d avg +0.031%
=Together, before fees−0.053%+ Points / potential airdropLighter: Season 3 · farm board−$5 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 Lighter is 0.026% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.031%. Mind the row above: over the last 7 days funding on this pair cost −0.071%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.071% in total (about -3.7% 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 | 266.99 | −0.0097 | get 0.0097% / 8h | 2h 45m | $39.3M | $32.1M | 75x |
| Short | Lighter BCH | 267.14 | 0.0096 | get 0.0012% / 1h | 45m 45s | $375K | $580K | 10x |
Bybit BCHUSDT
Lighter BCHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $40.52
- Price spread: +0.057% → +0.031%
- $2.65
- Slippage, 4 orders
- −$24.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $7.67
- Costs to cover
- 0.355%
- Break-even
- 5.7 days
Slippage from Bybit: live order book, 3 min ago; Lighter: live order book, 38 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, 3 min ago | 1.87 bp | 11.7 bp −$12 | 27.1 bp −$271 | 78.0 bp −$7,796 | doesn't fit |
| Sell Lighter live order book, 38 min ago | 4.65 bp | 8.5 bp −$8 | 59.8 bp −$598 | 170.4 bp −$17.0K | 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 | −0.0390% | 1h | 267.11 | +0.043% | $437K | $248K | 25x | as long as short |
| Injective BCH/USDC PERP | −0.0304% | 1h | 267.23 | +0.090% | $713 | $80K | 12x | as long as short |
| Phemex BCHUSDT | −0.0198% | 8h | 267.03 | +0.015% | $4.9M | $6.3M | 50x | as long as short |
| SoDEX BCH-USD | −0.0181% | 1h | 266.97 | −0.007% | $2K | $6K | 10x | as long as short |
| Binance BCHUSDT | −0.0121% | 8h | 267.06 | +0.024% | $73.7M | $229.3M | 75x | as long as short |
| Extended BCH-USD | −0.0120% | 1h | 267.02 | +0.011% | $105K | $643K | 25x | as long as short |
| MEXC BCH_USDT | −0.0120% | 8h | 267.75 | +0.285% | $70.9M | $6.3M | 200x | as long as short |
| Bybit BCHUSDTlong | −0.0097% | 8h | 266.99 | long leg | $39.3M | $32.1M | 75x | |
| Variational Omni BCH | −0.0082% | 8h | 266.75 | −0.089% | $85K | $291K | — | as long as short |
| GRVT BCH_USDT_Perp | −0.0067% | 8h | 266.89 | −0.037% | $389K | $17K | 10x | as long as short |
Deribit BCH_USDC-PERPETUAL
Injective BCH/USDC PERP
Phemex BCHUSDT
SoDEX BCH-USD
Binance BCHUSDT
Extended BCH-USD
MEXC BCH_USDT
Variational Omni BCH
GRVT BCH_USDT_PerpShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BCHUSDT | −0.0056% | 8h | 267.10 | +0.041% | $20.0M | $28.7M | 75x | as long as short |
| Gate BCH_USDT | −0.0040% | 8h | 267.19 | +0.075% | $8.4M | $14.3M | 75x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0024% | 1h | 266.89 | −0.037% | $254K | $2.0M | 50x | as long as short |
| OKX BCH-USDT-SWAP | −0.0017% | 8h | 266.90 | −0.034% | $26.2M | $75.4M | 50x | as long as short |
| BingX BCH-USDC | −0.0016% | 8h | 267.14 | +0.056% | — | $6.5M | — | as long as short |
| BloFin BCH-USDT | −0.0001% | 8h | 267.16 | +0.064% | $4.0M | $4.1M | 50x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 267.28 | +0.108% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 267.36 | +0.139% | $1.1M | $11.4M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 267.18 | +0.073% | $4K | — | 150x | as long as short |
| Orderly PERP_BCH_USDC | +0.0029% | 8h | 266.99 | 0.000% | $2K | $176 | 10x | as long as short |
| Nado BCH-PERP | +0.0073% | 1h | 267.13 | +0.051% | $440K | $426K | 10x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0074% | 1h | 267.27 | +0.105% | $804K | $3.2M | 50x | as long as short |
| KuCoin BCHUSDTM | +0.0075% | 8h | 267.18 | +0.071% | $8.8M | $8.0M | 75x | as long as short |
| Lighter BCHshort | +0.0096% | 1h | 267.14 | +0.057% | $375K | $580K | 10x | |
| Hyperliquid BCH | +0.0100% | 1h | 267.40 | +0.154% | $6.0M | $4.1M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 267.23 | +0.090% | $234K | $674K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 267.17 | +0.067% | $169K | $461K | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 266.90 | −0.034% | $19K | $289K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 266.97 | −0.007% | $73K | $214K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 266.84 | −0.056% | $1K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 266.89 | −0.037% | $768K | $1.6M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0365% / S −0.0554% | 1h | 267.17 | +0.066% | $25K | — | 100x | as long as short |
Bitget BCHUSDT
Gate BCH_USDT
Coinbase International BCH-PERP-INTX
OKX BCH-USDT-SWAP
BingX BCH-USDC
BloFin BCH-USDT
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Orderly PERP_BCH_USDC
Nado BCH-PERP
Kraken Futures PF_BCHUSD
KuCoin BCHUSDTM
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]