BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0224%/8h= +24.5% APRnext payment +$0.28 per $10,000 · paid last 24h +0.023%

Price spread now: Lighter against Coinbase International+0.017%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)+0.347%+$35 · spread now +0.017%, 7d avg −0.027%

Together, before fees+0.308%+ Points / potential airdropLighter: Season 3 · farm board+$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Lighter is 0.044% dearer against Coinbase International than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.027%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.039% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.28 per $10,000. 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	Coinbase International BCH-PERP-INTX	266.55	−0.0128	get 0.0016% / 1h	16m 18s	$224K	$1.8M	50x
Short	Lighter BCH	266.60	0.0096	get 0.0012% / 1h	16m 18s	$365K	$482K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now +0.017%Rate

Funding earned: $47.04
Price spread: +0.017% → −0.027%: $4.41
Slippage, 4 orders: −$34.9
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $6.55
Costs to cover: 0.449%
Break-even: 6.0 days

Slippage from Coinbase International: live order book, 2 min ago; Lighter: live order book, 39 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 Coinbase International live order book, 2 min ago	5.81 bp	13.7 bp −$14	18.0 bp −$180	doesn't fit	doesn't fit
Sell Lighter live order book, 39 min ago	4.41 bp	11.9 bp −$12	60.2 bp −$602	147.5 bp −$14.7K	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	−0.1257%	8h	266.40	−0.056%	$2K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0434%	8h	266.68	+0.049%	$775K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0422%	8h	266.52	−0.011%	$4.9M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0294%	1h	266.55	0.000%	$2K	$8K	10x	as long as short
Coinbase International BCH-PERP-INTXlong	−0.0128%	1h	266.55	long leg	$224K	$1.8M	50x
GRVT BCH_USDT_Perp	−0.0125%	8h	266.66	+0.042%	$389K	$17K	10x	as long as short
Nado BCH-PERP	−0.0124%	1h	266.50	−0.020%	$424K	$339K	10x	as long as short
MEXC BCH_USDT	−0.0105%	8h	266.94	+0.146%	$70.4M	$7.0M	200x	as long as short
Binance BCHUSDT	−0.0104%	8h	266.54	−0.005%	$72.5M	$213.4M	75x	as long as short
Extended BCH-USD	−0.0104%	1h	266.48	−0.027%	$116K	$953K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BCH	−0.0099%	8h	266.80	+0.094%	$82K	$201K	—	as long as short
Gate BCH_USDT	−0.0090%	8h	266.68	+0.049%	$8.3M	$13.3M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0068%	8h	266.40	−0.056%	$25.2M	$74.4M	50x	as long as short
KuCoin BCHUSDTM	−0.0066%	8h	266.67	+0.045%	$8.6M	$7.1M	75x	as long as short
Bitget BCHUSDT	−0.0063%	8h	266.56	+0.004%	$19.2M	$28.1M	75x	as long as short
Bybit BCHUSDT	−0.0037%	8h	266.46	−0.034%	$39.3M	$30.8M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0031%	1h	266.83	+0.104%	$856K	$3.0M	50x	as long as short
BingX BCH-USDT	−0.0030%	8h	266.66	+0.041%	—	$32.1M	—	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0009%	1h	266.70	+0.057%	$446K	$331K	25x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	266.74	+0.071%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	266.76	+0.079%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.81	+0.098%	$1.1M	$10.2M	2.7x	as long as short
ApeX Omni BCHUSDT	+0.0008%	1h	266.95	+0.150%	$97K	$227K	50x	as long as short
BloFin BCH-USDT	+0.0015%	8h	266.65	+0.038%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0021%	1h	266.65	+0.039%	$162K	$321K	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.369%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0034%	8h	266.52	−0.011%	$2K	$176	10x	as long as short
Lighter BCHshort	+0.0096%	1h	266.60	+0.017%	$365K	$482K	10x
Hyperliquid BCH	+0.0100%	1h	266.87	+0.120%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.68	+0.049%	$169K	$519K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.60	+0.019%	$19K	$291K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0357% / S −0.0525%	1h	266.79	+0.091%	$25K	—	100x	as long as short