BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0085%/8h= +9.3% APRnext payment +$0.11 per $10,000 · paid last 24h +0.044%

Price spread now: Lighter against Kraken Futures−0.124%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$500.502% of the position

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.275%+$27 · spread now −0.124%, 7d avg −0.048%

Together, before fees+0.346%+ Points / potential airdropLighter: Season 3 · farm board+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.076% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.124% now, against its 7-day average of −0.048%). If the spread goes back, that is −$8 on $10k: about 3.0 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.071% in total) that is about 7.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BCHUSD	265.73	0.0011	pay 0.0001% / 1h	26m 33s	$851K	$3.0M	50x
Short	Lighter BCH	265.40	0.0096	get 0.0012% / 1h	26m 33s	$359K	$488K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Kraken Futures. 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 Kraken FuturesbpFee LighterbpOrdersPrice spread, now −0.124%Rate

Funding earned: $17.88
Price spread: −0.124% → −0.048%: −$7.61
Slippage, 4 orders: −$40.19
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$39.92
Costs to cover: 0.502%
Break-even: 22.6 days

Slippage from Kraken Futures: live order book, 2 min ago; Lighter: live order book, 23 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 Kraken Futures live order book, 2 min ago	6.20 bp	15.6 bp −$16	32.6 bp −$326	doesn't fit	doesn't fit
Sell Lighter live order book, 23 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	−0.0558%	8h	265.31	−0.158%	$1K	$1.7M	30x	as long as short
Phemex BCHUSDT	−0.0306%	8h	265.55	−0.068%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0262%	8h	265.60	−0.049%	$775K	$1.4M	75x	as long as short
Nado BCH-PERP	−0.0258%	1h	265.06	−0.253%	$428K	$341K	10x	as long as short
SoDEX BCH-USD	−0.0222%	1h	265.49	−0.090%	$2K	$8K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	265.29	−0.165%	$219K	$1.8M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0099%	8h	265.10	−0.237%	$25.0M	$74.7M	50x	as long as short
KuCoin BCHUSDTM	−0.0090%	8h	265.42	−0.116%	$8.5M	$7.0M	75x	as long as short
Binance BCHUSDT	−0.0090%	8h	265.19	−0.203%	$72.1M	$214.0M	75x	as long as short
MEXC BCH_USDT	−0.0089%	8h	265.70	−0.011%	$70.3M	$7.8M	200x	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	265.05	−0.255%	$115K	$950K	25x	as long as short
Variational Omni BCH	−0.0079%	8h	265.50	−0.085%	$81K	$201K	—	as long as short
GRVT BCH_USDT_Perp	−0.0078%	8h	265.65	−0.028%	$387K	$17K	10x	as long as short
Gate BCH_USDT	−0.0075%	8h	265.46	−0.101%	$8.4M	$13.6M	75x	as long as short
Bitget BCHUSDT	−0.0075%	8h	265.18	−0.207%	$19.0M	$28.1M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.44	−0.109%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.72	−0.002%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.78	+0.019%	$1.0M	$10.3M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.54	−0.071%	$444K	$331K	25x	as long as short
BingX BCH-USDT	+0.0008%	8h	265.18	−0.207%	—	$32.1M	—	as long as short
Bybit BCHUSDT	+0.0009%	8h	265.10	−0.237%	$39.2M	$31.0M	75x	as long as short
Kraken Futures PF_BCHUSDlong	+0.0011%	1h	265.73	long leg	$851K	$3.0M	50x
BloFin BCH-USDT	+0.0030%	8h	265.68	−0.019%	$3.9M	$4.3M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.682%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0036%	8h	265.41	−0.120%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	265.47	−0.099%	$160K	$307K	10x	as long as short
Lighter BCHshort	+0.0096%	1h	265.40	−0.124%	$359K	$488K	10x
Hyperliquid BCH	+0.0100%	1h	265.81	+0.030%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.50	−0.085%	$167K	$516K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.45	−0.104%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	266.41	+0.256%	$97K	$230K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0350% / S −0.0506%	1h	265.39	−0.128%	$24K	—	100x	as long as short