Funding you earn now, next payment 22:00 UTC−0.0093%/8h= −10.1% APRpaid last 24h +0.031%
Price spread now: BloFin against Lighter−0.093%90s7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$340.336% of the position
Funding, last 7 days+0.266%+$27 on $10k
+Price spread, last 3 days (all we have)−0.029%−$3 · spread now −0.093%, 7d avg −0.014%
=Together, before fees+0.237%+ Points / potential airdropLighter: Season 3 · farm board+$24 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BloFin is 0.080% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.014%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.266%, so the current rate has only just turned against you. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BCH | 268.01 | 0.0096 | pay 0.0012% / 1h | 33m 28s | $376K | $580K | 10x |
| Short | BloFin BCH-USDT | 267.76 | 0.0003 | get 0.0003% / 8h | 2h 33m | $4.0M | $4.1M | 50x |
Lighter BCH
BloFin BCH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$19.45
- Price spread: −0.093% → −0.014%
- −$7.96
- Slippage, 4 orders
- −$21.63
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$61.03
- Costs to cover
- 0.336%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 50 min ago; BloFin: live order book, 5 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, 50 min ago | 4.65 bp | 5.2 bp −$5 | 55.2 bp −$552 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 0.75 bp | 10.9 bp −$11 | 18.7 bp −$187 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit BCH_USDC-PERPETUAL | −0.0354% | 1h | 268.09 | +0.031% | $438K | $247K | 25x | as long as short |
| Injective BCH/USDC PERP | −0.0304% | 1h | 267.23 | −0.291% | $713 | $80K | 12x | as long as short |
| Phemex BCHUSDT | −0.0203% | 8h | 268.00 | −0.004% | $4.9M | $6.2M | 50x | as long as short |
| SoDEX BCH-USD | −0.0176% | 1h | 267.99 | −0.007% | $2K | $6K | 10x | as long as short |
| Binance BCHUSDT | −0.0115% | 8h | 267.82 | −0.071% | $74.0M | $229.1M | 75x | as long as short |
| MEXC BCH_USDT | −0.0115% | 8h | 268.61 | +0.224% | $71.1M | $6.4M | 200x | as long as short |
| Extended BCH-USD | −0.0112% | 1h | 267.80 | −0.077% | $105K | $643K | 25x | as long as short |
| Variational Omni BCH | −0.0080% | 8h | 267.64 | −0.138% | $85K | $291K | — | as long as short |
| Bybit BCHUSDT | −0.0062% | 8h | 267.82 | −0.071% | $39.5M | $32.0M | 75x | as long as short |
| GRVT BCH_USDT_Perp | −0.0050% | 8h | 267.74 | −0.102% | $390K | $17K | 10x | as long as short |
Deribit BCH_USDC-PERPETUAL
Injective BCH/USDC PERP
Phemex BCHUSDT
SoDEX BCH-USD
Binance BCHUSDT
MEXC BCH_USDT
Extended BCH-USD
Variational Omni BCH
Bybit BCHUSDT
GRVT BCH_USDT_PerpShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BCHUSDT | −0.0048% | 8h | 267.93 | −0.030% | $20.0M | $28.8M | 75x | as long as short |
| Gate BCH_USDT | −0.0029% | 8h | 267.94 | −0.026% | $8.4M | $14.4M | 75x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0024% | 1h | 267.90 | −0.041% | $246K | $2.0M | 50x | as long as short |
| BingX BCH-USDT | −0.0007% | 8h | 268.02 | +0.004% | — | $32.1M | — | as long as short |
| OKX BCH-USDT-SWAP | −0.0003% | 8h | 267.80 | −0.078% | $26.3M | $75.8M | 50x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 268.19 | +0.066% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 268.22 | +0.078% | $1.1M | $11.4M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 268.07 | +0.022% | $4K | — | 150x | as long as short |
| BloFin BCH-USDTshort | +0.0003% | 8h | 267.76 | −0.093% | $4.0M | $4.1M | 50x | |
| Orderly PERP_BCH_USDC | +0.0028% | 8h | 268.03 | +0.007% | $2K | $176 | 10x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0074% | 1h | 268.30 | +0.108% | $805K | $3.2M | 50x | as long as short |
| Nado BCH-PERP | +0.0079% | 1h | 267.83 | −0.066% | $438K | $427K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0089% | 8h | 268.01 | 0.000% | $8.9M | $8.0M | 75x | as long as short |
| Lighter BCHlong | +0.0096% | 1h | 268.01 | long leg | $376K | $580K | 10x | |
| Hyperliquid BCH | +0.0100% | 1h | 268.31 | +0.112% | $6.0M | $4.1M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 268.12 | +0.041% | $234K | $660K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 267.98 | −0.010% | $169K | $460K | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 267.63 | −0.143% | $19K | $289K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 268.16 | +0.056% | $73K | $214K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 267.90 | −0.041% | $2K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 267.86 | −0.056% | $771K | $1.6M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0372% / S −0.0574% | 1h | 268.14 | +0.048% | $26K | — | 100x | as long as short |
Bitget BCHUSDT
Gate BCH_USDT
Coinbase International BCH-PERP-INTX
BingX BCH-USDT
OKX BCH-USDT-SWAP
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Orderly PERP_BCH_USDC
Kraken Futures PF_BCHUSD
Nado BCH-PERP
KuCoin BCHUSDTM
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]