Funding you earn now, next payment 09:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%
Price spread now: Lighter against Kalshi−0.054%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$410.410% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 4 days (all we have)+0.180%+$18 · spread now −0.054%, 7d avg +0.009%
=Together, before fees+0.222%+ Points / potential airdropLighter: Season 3 · farm board+$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.063% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of +0.009%). If the spread goes back, that is −$6 on $10k: about 2.2 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.042% in total) that is about 10 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXBCHPERP | 268.39 | 0 | get 0.0000% / 8h | 3h 51m | $1.0M | $9.4M | 2.7x |
| Short | Lighter BCH | 268.25 | 0.0096 | get 0.0012% / 1h | 51m 11s | $375K | $492K | 10x |
Kalshi KXBCHPERP
Lighter BCHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Kalshi. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $20.16
- Price spread: −0.054% → +0.009%
- −$6.33
- Slippage, 4 orders
- −$31.03
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$27.21
- Costs to cover
- 0.410%
- Break-even
- 16.4 days
Slippage from Kalshi: live order book, 3 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 Kalshi live order book, 3 min ago | 5.23 bp | 14.0 bp −$14 | 20.4 bp −$204 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 39 min ago | 3.74 bp | 9.6 bp −$10 | 68.7 bp −$687 | 174.0 bp −$17.4K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex BCHUSDT | −0.0609% | 8h | 268.21 | −0.067% | $5.0M | $6.5M | 50x | as long as short |
| SoDEX BCH-USD | −0.0271% | 1h | 268.09 | −0.112% | $2K | $8K | 10x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0157% | 1h | 268.41 | +0.008% | $871K | $2.7M | 50x | as long as short |
| Variational Omni BCH | −0.0135% | 8h | 267.21 | −0.441% | $145K | $259K | — | as long as short |
| OKX BCH-USDT-SWAP | −0.0082% | 8h | 268.00 | −0.145% | $25.4M | $78.7M | 50x | as long as short |
| Bitget BCHUSDT | −0.0071% | 8h | 268.07 | −0.119% | $19.4M | $27.1M | 75x | as long as short |
| KuCoin BCHUSDTM | −0.0070% | 8h | 268.13 | −0.097% | $8.6M | $6.3M | 75x | as long as short |
| Binance BCHUSDT | −0.0043% | 8h | 268.15 | −0.089% | $74.3M | $217.0M | 75x | as long as short |
| MEXC BCH_USDT | −0.0043% | 8h | 268.68 | +0.108% | $72.5M | $9.1M | 200x | as long as short |
| Extended BCH-USD | −0.0040% | 1h | 268.08 | −0.117% | $119K | $912K | 25x | as long as short |
Phemex BCHUSDT
SoDEX BCH-USD
Kraken Futures PF_BCHUSD
Variational Omni BCH
OKX BCH-USDT-SWAP
Bitget BCHUSDT
KuCoin BCHUSDTM
Binance BCHUSDT
MEXC BCH_USDT
Extended BCH-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BCH-USDT | −0.0032% | 8h | 268.13 | −0.097% | — | $15.2M | — | as long as short |
| GRVT BCH_USDT_Perp | −0.0031% | 8h | 267.42 | −0.361% | $390K | $17K | 10x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 268.34 | −0.018% | $15K | — | 150x | as long as short |
| Pacifica BCH | −0.0002% | 1h | 268.11 | −0.104% | $156K | $299K | 10x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 267.95 | −0.162% | $5K | $240 | 10x | as long as short |
| Kalshi KXBCHPERPlong | 0.0000% | 8h | 268.39 | long leg | $1.0M | $9.4M | 2.7x | |
| Deribit BCH_USDC-PERPETUAL | 0.0000% | 1h | 268.35 | −0.016% | $422K | $359K | 25x | as long as short |
| Aster BCHUSDT | +0.0017% | 8h | 268.39 | −0.001% | $141K | $573K | 75x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +0.674% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0045% | 8h | 268.22 | −0.063% | $2K | — | 10x | as long as short |
| Nado BCH-PERP | +0.0058% | 1h | 268.00 | −0.145% | $430K | $356K | 10x | as long as short |
| BloFin BCH-USDT | +0.0077% | 8h | 268.05 | −0.127% | $3.6M | $4.9M | 50x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0088% | 1h | 268.81 | +0.156% | $305K | $2.1M | 50x | as long as short |
| Lighter BCHshort | +0.0096% | 1h | 268.25 | −0.054% | $375K | $492K | 10x | |
| Gate BCH_USDT | +0.0096% | 8h | 268.12 | −0.101% | $8.4M | $12.9M | 75x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 268.37 | −0.007% | $5.9M | $4.7M | 10x | as long as short |
| Bybit BCHUSDT | +0.0100% | 8h | 268.10 | −0.108% | $39.6M | $32.1M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 267.29 | −0.409% | $19K | $345K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 267.44 | −0.354% | $96K | $242K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 268.05 | −0.127% | $1K | $1.6M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 268.27 | −0.045% | $781K | $1.4M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0203% / S −0.0147% | 1h | 268.33 | −0.023% | $13K | — | 100x | as long as short |
BingX BCH-USDT
GRVT BCH_USDT_Perp
gTrade (Gains Network) BCH/USD
Pacifica BCH
dYdX BCH-USD
Deribit BCH_USDC-PERPETUAL
Aster BCHUSDT
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
Nado BCH-PERP
BloFin BCH-USDT
Coinbase International BCH-PERP-INTX
Gate BCH_USDT
Hyperliquid BCH
Bybit BCHUSDT
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]