Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0071%/8h= −7.8% APRpaid last 24h −0.006%

Price spread now: BingX against Lighter−0.038%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$280.285% of the position

Long on Lighter Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.126%+$13 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now −0.038%, 7d avg −0.007%

Together, before fees+0.089%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.031% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.007%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.126%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BCH	267.95	0.0096	pay 0.0012% / 1h	41m 12s	$369K	$529K	10x
Short	BingX BCH-USDT	267.85	0.0025	get 0.0025% / 8h	7h 41m	—	$31.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$14.91
Price spread: −0.038% → −0.007%: −$3.14
Slippage, 4 orders: −$18.46
Fee Lighter: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$46.51
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from Lighter: live order book, 24 min ago; BingX: live order book, 7 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, 24 min ago	3.43 bp	5.4 bp −$5	48.6 bp −$486	153.1 bp −$15.3K	doesn't fit
Sell BingX live order book, 7 min ago	0.37 bp	5.7 bp −$6	6.8 bp −$68	12.9 bp −$1,291	22.9 bp −$11.5K

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
SoDEX BCH-USD	−0.0559%	1h	267.93	−0.008%	$2K	$6K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0552%	1h	267.96	+0.005%	$453K	$266K	25x	as long as short
Phemex BCHUSDT	−0.0491%	8h	267.85	−0.038%	$4.9M	$6.5M	50x	as long as short
HTX BCH-USDT	−0.0383%	8h	267.84	−0.042%	$775K	$1.6M	75x	as long as short
Gate BCH_USDT	−0.0210%	8h	267.98	+0.010%	$8.4M	$14.2M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0196%	8h	267.99	+0.015%	$390K	$17K	10x	as long as short
Variational Omni BCH	−0.0130%	8h	267.81	−0.054%	$82K	$285K	—	as long as short
ApeX Omni BCHUSDT	−0.0074%	1h	267.55	−0.150%	$72K	$215K	50x	as long as short
Coinbase International BCH-PERP-INTX	−0.0056%	1h	268.06	+0.040%	$224K	$2.0M	50x	as long as short
Bybit BCHUSDT	−0.0054%	8h	267.90	−0.019%	$39.6M	$32.6M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0051%	8h	267.89	−0.023%	$72.6M	$230.8M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	268.15	+0.073%	$855K	$3.1M	50x	as long as short
MEXC BCH_USDT	−0.0049%	8h	268.33	+0.141%	$70.3M	$6.6M	200x	as long as short
Extended BCH-USD	−0.0048%	1h	267.79	−0.060%	$113K	$804K	25x	as long as short
Nado BCH-PERP	−0.0017%	1h	267.72	−0.086%	$439K	$421K	10x	as long as short
Bitget BCHUSDT	−0.0005%	8h	267.78	−0.064%	$19.2M	$29.5M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	267.93	−0.006%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.16	+0.078%	$1.1M	$10.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.05	+0.037%	$4K	—	150x	as long as short
OKX BCH-USDT-SWAP	+0.0023%	8h	267.80	−0.057%	$26.0M	$76.6M	50x	as long as short
BingX BCH-USDTshort	+0.0025%	8h	267.85	−0.038%	—	$31.2M	—
Orderly PERP_BCH_USDC	+0.0030%	8h	267.86	−0.034%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.839%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0069%	8h	267.89	−0.023%	$3.9M	$4.2M	50x	as long as short
Lighter BCHlong	+0.0096%	1h	267.95	long leg	$369K	$529K	10x
Hyperliquid BCH	+0.0100%	1h	268.25	+0.111%	$6.0M	$4.4M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.16	+0.076%	$175K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.83	−0.044%	$163K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	267.94	−0.004%	$9.0M	$7.6M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.89	−0.024%	$19K	$290K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.52	−0.161%	$1K	$1.9M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0224%	1h	268.09	+0.050%	$31K	—	100x	as long as short