Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0174%/8h= +19.1% APRpaid last 24h +0.007%

Price spread now: Lighter against GRVT+0.051%48s7-day average +0.003% · 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—prices read too far apart to compare

costs, in and out, $10k−$420.425% of the position

Long on GRVT Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.051%, 7d avg +0.003%

Together, before fees−0.198%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.048% dearer against GRVT than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.003%. Mind the row above: over the last 7 days funding on this pair cost −0.066%, so the current rate has only just turned in your favour. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BCH_USDT_Perp	265.65	−0.0078	get 0.0078% / 8h	4h 28m	$387K	$17K	10x
Short	Lighter BCH	265.79	0.0096	get 0.0012% / 1h	28m 32s	$360K	$488K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GRVT. 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 GRVTbpFee LighterbpOrdersPrice spread, now +0.051%Rate

Funding earned: $36.54
Price spread: +0.051% → +0.003%: $4.77
Slippage, 4 orders: −$33.5
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$1.19
Costs to cover: 0.425%
Break-even: 7.2 days

Slippage from GRVT: live order book, 29 min ago; Lighter: live order book, 21 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 GRVT live order book, 29 min ago	1.51 bp	9.0 bp −$9	19.6 bp −$196	doesn't fit	doesn't fit
Sell Lighter live order book, 21 min ago	6.09 bp	10.8 bp −$11	56.1 bp −$561	150.7 bp −$15.1K	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
SunX BCH-USDT	−0.0578%	8h	266.00	+0.130%	$2K	$1.7M	30x	as long as short
Phemex BCHUSDT	−0.0328%	8h	266.14	+0.183%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0268%	8h	266.28	+0.236%	$776K	$1.4M	75x	as long as short
Nado BCH-PERP	−0.0260%	1h	265.62	−0.012%	$429K	$341K	10x	as long as short
SoDEX BCH-USD	−0.0209%	1h	266.25	+0.224%	$2K	$8K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	265.29	−0.137%	$219K	$1.8M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0095%	8h	265.60	−0.020%	$25.0M	$74.8M	50x	as long as short
MEXC BCH_USDT	−0.0090%	8h	266.07	+0.157%	$70.4M	$7.8M	200x	as long as short
KuCoin BCHUSDTM	−0.0090%	8h	265.94	+0.108%	$8.5M	$7.0M	75x	as long as short
Binance BCHUSDT	−0.0089%	8h	265.72	+0.025%	$72.3M	$214.0M	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	−0.0088%	1h	265.53	−0.047%	$115K	$950K	25x	as long as short
Variational Omni BCH	−0.0079%	8h	265.50	−0.057%	$81K	$201K	—	as long as short
Gate BCH_USDT	−0.0078%	8h	265.99	+0.126%	$8.4M	$13.6M	75x	as long as short
GRVT BCH_USDT_Perplong	−0.0078%	8h	265.65	long leg	$387K	$17K	10x
Bitget BCHUSDT	−0.0075%	8h	265.66	+0.002%	$19.0M	$28.1M	75x	as long as short
BingX BCH-USDT	−0.0008%	8h	265.88	+0.085%	—	$32.1M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	266.43	+0.293%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	266.10	+0.166%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.51	+0.322%	$1.0M	$10.3M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	266.47	+0.307%	$446K	$331K	25x	as long as short
Bybit BCHUSDT	+0.0006%	8h	265.69	+0.014%	$39.3M	$31.0M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	266.52	+0.325%	$854K	$3.0M	50x	as long as short
BloFin BCH-USDT	+0.0029%	8h	266.10	+0.168%	$3.9M	$4.3M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.711%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0036%	8h	266.37	+0.270%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	265.75	+0.036%	$160K	$307K	10x	as long as short
Lighter BCHshort	+0.0096%	1h	265.79	+0.051%	$360K	$488K	10x
ApeX Omni BCHUSDT	+0.0099%	1h	264.36	−0.487%	$96K	$230K	50x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.94	+0.108%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.94	+0.108%	$167K	$516K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.45	−0.076%	$19K	$290K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0351% / S −0.0506%	1h	266.45	+0.301%	$24K	—	100x	as long as short