Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aster against Lighter0.000%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.180%+$18 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now 0.000%, 7d avg +0.021%

Together, before fees+0.161%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board+$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.021% cheaper against Lighter than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BCH	266.68	0.0096	pay 0.0012% / 1h	18m 32s	$365K	$482K	10x
Short	Aster BCHUSDT	266.68	0.0100	get 0.0100% / 8h	5h 18m	$169K	$519K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0.84
Price spread: 0.000% → +0.021%: −$2.1
Slippage, 4 orders: −$33.21
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$42.47
Costs to cover: 0.412%
Break-even: 360.9 days

Slippage from Lighter: live order book, 36 min ago; Aster: live order book, 44 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 Lighter live order book, 36 min ago	4.41 bp	6.3 bp −$6	59.7 bp −$597	176.2 bp −$17.6K	doesn't fit
Sell Aster live order book, 44 min ago	4.33 bp	12.0 bp −$12	28.9 bp −$289	doesn't fit	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	−0.1324%	8h	266.49	−0.072%	$2K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0454%	8h	266.58	−0.038%	$775K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0429%	8h	266.68	0.000%	$4.9M	$6.6M	50x	as long as short
SoDEX BCH-USD	−0.0306%	1h	266.62	−0.023%	$2K	$8K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0132%	8h	266.66	−0.007%	$389K	$17K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0128%	1h	266.55	−0.049%	$224K	$1.8M	50x	as long as short
Nado BCH-PERP	−0.0124%	1h	266.40	−0.105%	$423K	$339K	10x	as long as short
Binance BCHUSDT	−0.0105%	8h	266.57	−0.042%	$72.5M	$213.4M	75x	as long as short
MEXC BCH_USDT	−0.0105%	8h	266.90	+0.082%	$70.4M	$7.0M	200x	as long as short
Extended BCH-USD	−0.0104%	1h	266.34	−0.129%	$116K	$953K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BCH	−0.0099%	8h	266.80	+0.045%	$82K	$201K	—	as long as short
Gate BCH_USDT	−0.0098%	8h	266.58	−0.038%	$8.3M	$13.3M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0066%	8h	266.50	−0.068%	$25.2M	$74.4M	50x	as long as short
KuCoin BCHUSDTM	−0.0066%	8h	266.61	−0.027%	$8.6M	$7.1M	75x	as long as short
Bitget BCHUSDT	−0.0063%	8h	266.38	−0.113%	$19.2M	$28.1M	75x	as long as short
Bybit BCHUSDT	−0.0040%	8h	266.50	−0.068%	$39.3M	$30.8M	75x	as long as short
BingX BCH-USDC	−0.0036%	8h	266.52	−0.060%	—	$6.5M	—	as long as short
Kraken Futures PF_BCHUSD	−0.0031%	1h	266.90	+0.081%	$856K	$3.0M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0009%	1h	266.78	+0.037%	$446K	$331K	25x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	266.83	+0.057%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	266.76	+0.030%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.78	+0.037%	$1.1M	$10.2M	2.7x	as long as short
ApeX Omni BCHUSDT	+0.0008%	1h	266.95	+0.101%	$97K	$227K	50x	as long as short
BloFin BCH-USDT	+0.0015%	8h	266.62	−0.023%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0021%	1h	266.60	−0.032%	$162K	$321K	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.320%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0034%	8h	266.62	−0.023%	$2K	$176	10x	as long as short
Lighter BCHlong	+0.0096%	1h	266.68	long leg	$365K	$482K	10x
Hyperliquid BCH	+0.0100%	1h	266.80	+0.045%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDTshort	+0.0100%	8h	266.68	0.000%	$169K	$519K	75x
edgeX BCHUSDC	+0.0100%	4h	266.86	+0.067%	$19K	$290K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0357% / S −0.0525%	1h	266.92	+0.088%	$25K	—	100x	as long as short