Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0147%/8h= −16.1% APRpaid last 24h −0.007%

Price spread now: Bitget against Lighter−0.091%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 4 days (all we have)−0.015%−$2 · spread now −0.091%, 7d avg −0.022%

Together, before fees+0.049%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.070% cheaper against Lighter than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.022%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.064%, 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	265.68	0.0096	pay 0.0012% / 1h	44m 40s	$366K	$477K	10x
Short	Bitget BCHUSDT	265.44	−0.0051	pay 0.0051% / 8h	5h 44m	$19.1M	$28.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.091%Rate

Funding earned: −$30.87
Price spread: −0.091% → −0.022%: −$6.95
Slippage, 4 orders: −$27.06
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$76.88
Costs to cover: 0.391%
Break-even: never at this rate

Slippage from Lighter: live order book, 10 min ago; Bitget: 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, 10 min ago	4.41 bp	6.3 bp −$6	59.7 bp −$597	176.2 bp −$17.6K	doesn't fit
Sell Bitget live order book, 4 min ago	0.57 bp	10.9 bp −$11	14.1 bp −$141	45.8 bp −$4,585	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	−0.1879%	8h	265.50	−0.069%	$2K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0541%	8h	265.25	−0.163%	$766K	$1.5M	75x	as long as short
Phemex BCHUSDT	−0.0449%	8h	265.64	−0.016%	$4.9M	$6.6M	50x	as long as short
SoDEX BCH-USD	−0.0360%	1h	265.68	−0.001%	$2K	$8K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0190%	8h	264.82	−0.323%	$386K	$17K	10x	as long as short
Nado BCH-PERP	−0.0156%	1h	265.40	−0.106%	$419K	$339K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0128%	1h	265.41	−0.102%	$226K	$1.8M	50x	as long as short
Binance BCHUSDT	−0.0113%	8h	265.61	−0.027%	$72.2M	$215.5M	75x	as long as short
MEXC BCH_USDT	−0.0113%	8h	265.83	+0.056%	$70.2M	$6.7M	200x	as long as short
Extended BCH-USD	−0.0112%	1h	265.48	−0.075%	$112K	$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	−0.0104%	8h	265.00	−0.255%	$81K	$201K	—	as long as short
Gate BCH_USDT	−0.0101%	8h	265.62	−0.023%	$8.3M	$13.2M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0073%	1h	265.79	+0.039%	$447K	$292K	25x	as long as short
OKX BCH-USDT-SWAP	−0.0073%	8h	265.60	−0.031%	$25.2M	$74.3M	50x	as long as short
Bitget BCHUSDTshort	−0.0051%	8h	265.44	−0.091%	$19.1M	$28.5M	75x
KuCoin BCHUSDTM	−0.0040%	8h	265.58	−0.038%	$8.6M	$7.2M	75x	as long as short
Bybit BCHUSDT	−0.0039%	8h	265.56	−0.046%	$39.3M	$31.1M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0031%	1h	265.83	+0.054%	$852K	$3.0M	50x	as long as short
BingX BCH-USDC	−0.0021%	8h	265.59	−0.035%	—	$6.5M	—	as long as short
ApeX Omni BCHUSDT	−0.0017%	1h	264.20	−0.558%	$96K	$226K	50x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.82	+0.054%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.93	+0.093%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.72	+0.014%	$1.1M	$10.3M	2.7x	as long as short
BloFin BCH-USDT	+0.0007%	8h	265.69	+0.003%	—	$4.2M	50x	as long as short
Pacifica BCH	+0.0021%	1h	265.68	−0.001%	$162K	$314K	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.701%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0034%	8h	265.62	−0.023%	$2K	$176	10x	as long as short
Lighter BCHlong	+0.0096%	1h	265.68	long leg	$366K	$477K	10x
Hyperliquid BCH	+0.0100%	1h	265.82	+0.052%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.74	+0.022%	$168K	$519K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.75	−0.352%	$19K	$292K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0334% / S −0.0451%	1h	265.76	+0.031%	$25K	—	100x	as long as short