Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0371%/8h= +40.6% APRpaid last 24h −0.001%

Price spread now: Lighter against HTX+0.065%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$700.702% of the position

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.178%−$18 on $10k

Price spread, last 4 days (all we have)+0.117%+$12 · spread now +0.065%, 7d avg +0.021%

Together, before fees−0.060%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Lighter is 0.045% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.021%. Mind the row above: over the last 7 days funding on this pair cost −0.178%, 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 -0.178% in total (about -9.3% 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	HTX BCH-USDT	265.98	−0.0275	get 0.0275% / 8h	4h 29m	$776K	$1.4M	75x
Short	Lighter BCH	266.15	0.0096	get 0.0012% / 1h	29m 55s	$360K	$487K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now +0.065%Rate

Funding earned: $77.88
Price spread: +0.065% → +0.021%: $4.46
Slippage, 4 orders: −$58.19
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $12.14
Costs to cover: 0.702%
Break-even: 5.9 days

Slippage from HTX: live order book, 4 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 HTX live order book, 4 min ago	15.90 bp	22.2 bp −$22	187.4 bp −$1,874	doesn't fit	doesn't fit
Sell Lighter live order book, 20 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	−0.0588%	8h	265.85	−0.049%	$2K	$1.7M	30x	as long as short
Phemex BCHUSDT	−0.0323%	8h	266.06	+0.030%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDTlong	−0.0275%	8h	265.98	long leg	$776K	$1.4M	75x
Nado BCH-PERP	−0.0265%	1h	266.06	+0.029%	$430K	$341K	10x	as long as short
SoDEX BCH-USD	−0.0213%	1h	266.17	+0.071%	$2K	$8K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	265.29	−0.259%	$219K	$1.8M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0097%	8h	266.30	+0.120%	$25.1M	$75.0M	50x	as long as short
Extended BCH-USD	−0.0096%	1h	266.19	+0.078%	$115K	$950K	25x	as long as short
GRVT BCH_USDT_Perp	−0.0095%	8h	263.77	−0.831%	$385K	$17K	10x	as long as short
Binance BCHUSDT	−0.0093%	8h	266.46	+0.181%	$72.5M	$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
MEXC BCH_USDT	−0.0093%	8h	266.84	+0.323%	$70.7M	$7.8M	200x	as long as short
KuCoin BCHUSDTM	−0.0088%	8h	266.47	+0.184%	$8.6M	$7.0M	75x	as long as short
Variational Omni BCH	−0.0079%	8h	265.50	−0.179%	$81K	$201K	—	as long as short
Bitget BCHUSDT	−0.0075%	8h	266.34	+0.135%	$19.1M	$28.1M	75x	as long as short
Gate BCH_USDT	−0.0074%	8h	266.47	+0.184%	$8.4M	$13.6M	75x	as long as short
BingX BCH-USDT	−0.0008%	8h	266.43	+0.169%	—	$32.1M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	266.13	+0.056%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	266.23	+0.095%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.10	+0.045%	$1.0M	$10.3M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	266.25	+0.101%	$445K	$331K	25x	as long as short
Bybit BCHUSDT	+0.0007%	8h	266.32	+0.128%	$39.4M	$31.0M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	266.39	+0.152%	$854K	$3.0M	50x	as long as short
BloFin BCH-USDT	+0.0027%	8h	265.83	−0.056%	$3.9M	$4.3M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.587%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0036%	8h	266.13	+0.056%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	266.18	+0.074%	$162K	$306K	10x	as long as short
Lighter BCHshort	+0.0096%	1h	266.15	+0.065%	$360K	$487K	10x
ApeX Omni BCHUSDT	+0.0099%	1h	264.36	−0.609%	$96K	$230K	50x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.66	+0.256%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.27	+0.111%	$167K	$516K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.61	−0.891%	$19K	$289K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0351% / S −0.0506%	1h	266.11	+0.049%	$24K	—	100x	as long as short