Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.002%

Price spread now: Lighter against KuCoin−0.070%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$570.571% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.140%−$14 on $10k

Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.070%, 7d avg −0.012%

Together, before fees−0.029%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.058% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.070% now, against its 7-day average of −0.012%). If the spread goes back, that is −$6 on $10k: about 2.8 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.140%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BCHUSDTM	265.91	0.0028	pay 0.0028% / 8h	6h 22m	$8.6M	$7.5M	75x
Short	Lighter BCH	265.73	0.0096	get 0.0012% / 1h	22m 57s	$366K	$478K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now −0.070%Rate

Funding earned: $14.28
Price spread: −0.070% → −0.012%: −$5.8
Slippage, 4 orders: −$45.13
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$48.65
Costs to cover: 0.571%
Break-even: 30.8 days

Slippage from KuCoin: live order book, 10 min ago; Lighter: live order book, 37 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 KuCoin live order book, 10 min ago	2.08 bp	15.9 bp −$16	51.4 bp −$514	doesn't fit	doesn't fit
Sell Lighter live order book, 37 min ago	6.36 bp	10.3 bp −$10	86.3 bp −$863	204.3 bp −$20.4K	doesn't fit

BCH on 31 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	−0.0886%	8h	265.58	−0.124%	$2K	$1.8M	30x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0540%	1h	265.77	−0.052%	$449K	$255K	25x	as long as short
SoDEX BCH-USD	−0.0530%	1h	265.64	−0.102%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0471%	8h	265.61	−0.113%	$4.9M	$6.6M	50x	as long as short
HTX BCH-USDT	−0.0322%	8h	265.86	−0.019%	$779K	$1.6M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0299%	1h	265.92	+0.003%	$853K	$3.1M	50x	as long as short
ApeX Omni BCHUSDT	−0.0180%	1h	266.16	+0.094%	$97K	$227K	50x	as long as short
GRVT BCH_USDT_Perp	−0.0177%	8h	266.06	+0.057%	$388K	$17K	10x	as long as short
Variational Omni BCH	−0.0117%	8h	266.11	+0.074%	$82K	$253K	—	as long as short
Gate BCH_USDT	−0.0112%	8h	265.84	−0.026%	$8.4M	$13.5M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTX	−0.0112%	1h	265.88	−0.011%	$232K	$2.0M	50x	as long as short
Binance BCHUSDT	−0.0099%	8h	265.87	−0.015%	$72.0M	$229.5M	75x	as long as short
Extended BCH-USD	−0.0096%	1h	265.89	−0.006%	$112K	$962K	25x	as long as short
MEXC BCH_USDT	−0.0096%	8h	266.35	+0.165%	$70.2M	$7.0M	200x	as long as short
Bybit BCHUSDT	−0.0064%	8h	265.90	−0.004%	$39.2M	$32.9M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0048%	8h	265.90	−0.004%	$25.3M	$78.3M	50x	as long as short
Bitget BCHUSDT	−0.0042%	8h	265.91	0.000%	$19.1M	$29.2M	75x	as long as short
Nado BCH-PERP	−0.0036%	1h	265.76	−0.055%	$421K	$380K	10x	as long as short
BingX BCH-USDC	−0.0031%	8h	265.77	−0.053%	—	$6.5M	—	as long as short
dYdX BCH-USD	0.0000%	1h	266.09	+0.069%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.24	+0.124%	$1.1M	$10.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.83	−0.029%	$4K	—	150x	as long as short
KuCoin BCHUSDTMlong	+0.0028%	8h	265.91	long leg	$8.6M	$7.5M	75x
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.613%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0034%	8h	265.61	−0.113%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0040%	1h	265.94	+0.011%	$162K	$404K	10x	as long as short
Lighter BCHshort	+0.0096%	1h	265.73	−0.070%	$366K	$478K	10x
Hyperliquid BCH	+0.0100%	1h	266.05	+0.053%	$5.8M	$5.0M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.74	−0.064%	$168K	$697K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.36	−0.207%	$19K	$291K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.82	−0.035%	$25K	—	100x	as long as short