BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0128%/8h= −14.0% APRnext payment −$0.16 per $10,000 · paid last 24h −0.018%

Price spread now: Coinbase International against Lighter−0.032%7-day average +0.027% · 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−$45as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 3 days (all we have)−0.087%−$9 · spread now −0.032%, 7d avg +0.027%

Together, before fees−0.034%+ Points / potential airdropLighter: Season 3 · farm board−$3 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 Coinbase International is 0.060% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.027%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.054%, 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	266.67	0.0096	pay 0.0012% / 1h	7m 32s	$367K	$558K	10x
Short	Coinbase International BCH-PERP-INTX	266.58	−0.0032	pay 0.0004% / 1h	7m 32s	$224K	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$26.88
Price spread: −0.032% → +0.027%: −$5.95
Slippage, 4 orders: −$28.58
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$71.41
Costs to cover: 0.386%
Break-even: never at this rate

Slippage from Lighter: live order book, 63 min ago; Coinbase International: live order book, 1 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, 63 min ago	3.96 bp	6.1 bp −$6	52.5 bp −$525	164.4 bp −$16.4K	doesn't fit
Sell Coinbase International live order book, 1 min ago	4.12 bp	11.4 bp −$11	16.8 bp −$168	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	−0.0458%	1h	266.89	+0.085%	$451K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0333%	1h	266.74	+0.028%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0136%	8h	266.11	−0.208%	$82K	$292K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0126%	1h	267.00	+0.127%	$841K	$3.1M	50x	as long as short
Phemex BCHUSDT	−0.0117%	8h	266.71	+0.017%	$4.9M	$6.5M	50x	as long as short
ApeX Omni BCHUSDT	−0.0078%	1h	266.72	+0.020%	$72K	$213K	50x	as long as short
Bybit BCHUSDT	−0.0077%	8h	266.64	−0.010%	$39.2M	$33.0M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+1.325%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTXshort	−0.0032%	1h	266.58	−0.032%	$224K	$2.1M	50x
Binance BCHUSDT	−0.0025%	8h	266.40	−0.099%	$72.9M	$232.8M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0025%	8h	267.07	+0.152%	$70.0M	$6.9M	200x	as long as short
Extended BCH-USD	−0.0024%	1h	266.35	−0.120%	$115K	$652K	25x	as long as short
Gate BCH_USDT	−0.0001%	8h	266.76	+0.035%	$8.3M	$14.9M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	266.91	+0.092%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.05	+0.144%	$1.2M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	266.95	+0.108%	$4K	—	150x	as long as short
Nado BCH-PERP	+0.0015%	1h	266.65	−0.006%	$442K	$434K	10x	as long as short
Bitget BCHUSDT	+0.0020%	8h	266.66	−0.002%	$19.1M	$30.1M	75x	as long as short
GRVT BCH_USDT_Perp	+0.0020%	8h	266.55	−0.042%	$388K	$17K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	266.75	+0.032%	$2K	$176	10x	as long as short
OKX BCH-USDT-SWAP	+0.0028%	8h	266.50	−0.062%	$26.0M	$78.4M	50x	as long as short
BingX BCH-USDC	+0.0033%	8h	266.37	−0.111%	—	$6.5M	—	as long as short
BloFin BCH-USDT	+0.0094%	8h	266.48	−0.070%	$3.9M	$4.2M	50x	as long as short
Lighter BCHlong	+0.0096%	1h	266.67	long leg	$367K	$558K	10x
Hyperliquid BCH	+0.0100%	1h	266.97	+0.114%	$6.0M	$4.5M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.74	+0.028%	$211K	$673K	75x	as long as short
Pacifica BCH	+0.0100%	1h	266.69	+0.009%	$162K	$429K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	266.79	+0.047%	$9.0M	$7.7M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.40	−0.101%	$19K	$290K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.45	−0.081%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	266.48	−0.070%	$774K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0332% / S −0.0451%	1h	266.93	+0.099%	$25K	—	100x	as long as short