Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0280%/8h= +30.7% APRpaid last 24h +0.009%

Price spread now: Lighter against Gate−0.013%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$420.421% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.013%, 7d avg +0.004%

Together, before fees+0.031%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.056%, 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 -0.056% in total (about -2.9% 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	Gate BCH_USDT	268.05	−0.0184	get 0.0184% / 8h	7h 43m	$8.4M	$14.1M	75x
Short	Lighter BCH	268.01	0.0096	get 0.0012% / 1h	43m 32s	$369K	$529K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now −0.013%Rate

Funding earned: $58.8
Price spread: −0.013% → +0.004%: −$1.74
Slippage, 4 orders: −$27.13
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: $14.94
Costs to cover: 0.421%
Break-even: 5.2 days

Slippage from Gate: live order book, 5 min ago; Lighter: live order book, 22 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 Gate live order book, 5 min ago	0.19 bp	11.8 bp −$12	16.9 bp −$169	35.1 bp −$3,510	47.7 bp −$23.9K
Sell Lighter live order book, 22 min ago	3.43 bp	11.7 bp −$12	83.8 bp −$838	177.8 bp −$17.8K	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	−0.0623%	1h	267.78	−0.100%	$452K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0533%	1h	267.66	−0.145%	$2K	$6K	10x	as long as short
HTX BCH-USDT	−0.0395%	8h	267.63	−0.157%	$774K	$1.6M	75x	as long as short
Phemex BCHUSDT	−0.0391%	8h	267.68	−0.138%	$4.9M	$6.5M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0240%	8h	267.58	−0.174%	$390K	$17K	10x	as long as short
Gate BCH_USDTlong	−0.0184%	8h	268.05	long leg	$8.4M	$14.1M	75x
Variational Omni BCH	−0.0133%	8h	267.11	−0.351%	$82K	$289K	—	as long as short
ApeX Omni BCHUSDT	−0.0074%	1h	267.55	−0.187%	$72K	$215K	50x	as long as short
Coinbase International BCH-PERP-INTX	−0.0056%	1h	267.52	−0.198%	$224K	$2.0M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	267.96	−0.034%	$857K	$3.1M	50x	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	−0.0048%	1h	267.81	−0.089%	$113K	$754K	25x	as long as short
Binance BCHUSDT	−0.0048%	8h	268.01	−0.014%	$72.8M	$230.4M	75x	as long as short
MEXC BCH_USDT	−0.0047%	8h	268.46	+0.153%	$70.3M	$6.6M	200x	as long as short
Bybit BCHUSDT	−0.0022%	8h	268.10	+0.019%	$39.7M	$32.5M	75x	as long as short
Nado BCH-PERP	−0.0012%	1h	267.97	−0.031%	$440K	$421K	10x	as long as short
Bitget BCHUSDT	−0.0001%	8h	267.95	−0.037%	$19.4M	$29.3M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	268.16	+0.040%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.11	+0.022%	$1.1M	$10.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.95	−0.037%	$4K	—	150x	as long as short
OKX BCH-USDT-SWAP	+0.0025%	8h	268.00	−0.019%	$25.9M	$76.7M	50x	as long as short
BingX BCH-USDT	+0.0028%	8h	267.96	−0.034%	—	$30.9M	—	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	267.73	−0.119%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.802%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0072%	8h	267.69	−0.134%	$3.9M	$4.2M	50x	as long as short
Lighter BCHshort	+0.0096%	1h	268.01	−0.013%	$369K	$529K	10x
Hyperliquid BCH	+0.0100%	1h	268.34	+0.108%	$6.0M	$4.4M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.97	−0.031%	$175K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.07	+0.006%	$163K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.04	−0.004%	$9.0M	$7.6M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.33	−0.268%	$19K	$292K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.57	−0.179%	$1K	$1.9M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0224%	1h	267.90	−0.057%	$31K	—	100x	as long as short