BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.032%

Price spread now: Lighter against Injective−1.828%66s7-day average −0.166% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.193%−$19 on $10k

Price spread, last 4 days (all we have)+2.821%+$282 · spread now −1.828%, 7d avg −0.166%

Together, before fees+2.628%+ Points / potential airdropLighter: Season 3 · farm board+$263 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 1.662% cheaper against Injective than usual: you would sell low and buy high (spread −1.828% now, against its 7-day average of −0.166%). If the spread goes back, that is −$166 on $10k: about 3 months of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.193%, so the current rate has only just turned in your favour. The two prices were read 66 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	Injective BCH/USDC PERP	270.20	0.0033	pay 0.0004% / 1h	31m 54s	$721	$130K	12x
Short	Lighter BCH	265.26	0.0096	get 0.0012% / 1h	31m 54s	$359K	$491K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee LighterbpOrdersPrice spread, now −1.828%Rate

Funding earned: $13.16
Price spread: −1.828% → −0.166%: −$166.2
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: −$153.06
Costs to cover: 0.000%
Break-even: 88.4 days

Slippage unknown: Injective: no order-book sample; Lighter: live order book, 13 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Lighter live order book, 13 min ago	3.11 bp	9.5 bp −$10	62.3 bp −$623	168.3 bp −$16.8K	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Phemex BCHUSDT	−0.0257%	8h	265.17	−1.862%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0224%	8h	265.09	−1.891%	$773K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0212%	1h	265.18	−1.858%	$2K	$8K	10x	as long as short
Nado BCH-PERP	−0.0193%	1h	265.15	−1.869%	$431K	$346K	10x	as long as short
SunX BCH-USDT	−0.0190%	8h	265.05	−1.906%	$2K	$1.7M	30x	as long as short
OKX BCH-USDT-SWAP	−0.0087%	8h	265.30	−1.813%	$25.1M	$76.4M	50x	as long as short
KuCoin BCHUSDTM	−0.0084%	8h	265.24	−1.836%	$8.5M	$6.9M	75x	as long as short
Bitget BCHUSDT	−0.0076%	8h	265.23	−1.839%	$19.0M	$28.3M	75x	as long as short
Binance BCHUSDT	−0.0072%	8h	265.39	−1.780%	$72.0M	$215.6M	75x	as long as short
Extended BCH-USD	−0.0072%	1h	265.02	−1.919%	$113K	$956K	25x	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	−0.0072%	8h	265.63	−1.691%	$70.3M	$7.9M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	265.72	−1.658%	$219K	$1.8M	50x	as long as short
Variational Omni BCH	−0.0063%	8h	265.10	−1.886%	$81K	$196K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0051%	1h	265.41	−1.774%	$852K	$3.0M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0044%	8h	265.29	−1.819%	$387K	$17K	10x	as long as short
Gate BCH_USDT	−0.0024%	8h	265.30	−1.813%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.32	−1.805%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.32	−1.807%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.50	−1.739%	$1.0M	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.38	−1.783%	$444K	$332K	25x	as long as short
BingX BCH-USDT	+0.0010%	8h	265.28	−1.821%	—	$32.9M	—	as long as short
Bybit BCHUSDT	+0.0018%	8h	265.30	−1.813%	$39.1M	$31.2M	75x	as long as short
Injective BCH/USDC PERPlong	+0.0033%	1h	270.20	long leg	$721	$130K	12x
Orderly PERP_BCH_USDC	+0.0046%	8h	265.19	−1.854%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0048%	8h	265.35	−1.795%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0085%	8h	265.39	−1.780%	$150K	$545K	75x	as long as short
Lighter BCHshort	+0.0096%	1h	265.26	−1.828%	$359K	$491K	10x
Hyperliquid BCH	+0.0100%	1h	265.46	−1.754%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	265.26	−1.827%	$159K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.16	−1.866%	$31K	$301K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.60	−1.702%	$97K	$234K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0359% / S −0.0530%	1h	265.36	−1.791%	$25K	—	100x	as long as short