Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0122%/8h= −13.3% APRpaid last 24h −0.005%

Price spread now: Binance against Lighter+0.013%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.013%, 7d avg −0.011%

Together, before fees−0.045%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.024% dearer against Lighter than usual: you sell high and buy low (spread +0.013% now, against its 7-day average of −0.011%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BCH	266.52	0.0096	pay 0.0012% / 1h	9m 02s	$367K	$558K	10x
Short	Binance BCHUSDT	266.55	−0.0026	pay 0.0026% / 8h	9m 02s	$73.0M	$232.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.013%Rate

Funding earned: −$25.55
Price spread: +0.013% → −0.011%: $2.39
Slippage, 4 orders: −$17.02
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$50.18
Costs to cover: 0.270%
Break-even: never at this rate

Slippage from Lighter: live order book, 61 min ago; Binance: live order book, 4 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, 61 min ago	3.96 bp	6.1 bp −$6	52.5 bp −$525	164.4 bp −$16.4K	doesn't fit
Sell Binance live order book, 4 min ago	0.19 bp	7.6 bp −$8	21.4 bp −$214	64.3 bp −$6,428	140.5 bp −$70.2K

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
Deribit BCH_USDC-PERPETUAL	−0.0507%	1h	266.62	+0.038%	$450K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0335%	1h	266.45	−0.025%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0136%	8h	266.11	−0.152%	$82K	$292K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0126%	1h	266.75	+0.088%	$840K	$3.1M	50x	as long as short
Phemex BCHUSDT	−0.0116%	8h	266.47	−0.017%	$4.9M	$6.5M	50x	as long as short
ApeX Omni BCHUSDT	−0.0108%	1h	266.44	−0.029%	$72K	$214K	50x	as long as short
Bybit BCHUSDT	−0.0077%	8h	266.60	+0.032%	$39.2M	$33.0M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+1.382%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	266.58	+0.024%	$224K	$2.1M	50x	as long as short
Binance BCHUSDTshort	−0.0026%	8h	266.55	+0.013%	$73.0M	$232.9M	75x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0024%	1h	266.50	−0.007%	$115K	$652K	25x	as long as short
MEXC BCH_USDT	−0.0024%	8h	267.07	+0.208%	$70.0M	$6.9M	200x	as long as short
dYdX BCH-USD	0.0000%	1h	266.60	+0.030%	$5K	$248	10x	as long as short
Gate BCH_USDT	0.0000%	8h	266.52	+0.002%	$8.3M	$14.9M	75x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.90	+0.144%	$1.2M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	266.74	+0.084%	$4K	—	150x	as long as short
Nado BCH-PERP	+0.0018%	1h	266.35	−0.062%	$442K	$434K	10x	as long as short
Bitget BCHUSDT	+0.0020%	8h	266.48	−0.014%	$19.1M	$30.1M	75x	as long as short
GRVT BCH_USDT_Perp	+0.0020%	8h	266.27	−0.093%	$388K	$17K	10x	as long as short
OKX BCH-USDT-SWAP	+0.0028%	8h	266.60	+0.032%	$26.0M	$78.5M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	266.50	−0.006%	$2K	$176	10x	as long as short
BingX BCH-USDT	+0.0033%	8h	266.44	−0.029%	—	$31.2M	—	as long as short
BloFin BCH-USDT	+0.0094%	8h	266.48	−0.014%	$3.9M	$4.2M	50x	as long as short
Lighter BCHlong	+0.0096%	1h	266.52	long leg	$367K	$558K	10x
Hyperliquid BCH	+0.0100%	1h	266.85	+0.125%	$6.0M	$4.5M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.55	+0.011%	$210K	$673K	75x	as long as short
Pacifica BCH	+0.0100%	1h	266.51	−0.002%	$162K	$429K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	266.63	+0.043%	$9.0M	$7.8M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.19	−0.121%	$19K	$290K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.26	−0.096%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	266.39	−0.047%	$773K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0332% / S −0.0451%	1h	266.73	+0.081%	$25K	—	100x	as long as short