Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: edgeX against Lighter−0.197%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$470.465% of the position

Long on Lighter Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 4 days (all we have)+0.279%+$28 · spread now −0.197%, 7d avg −0.022%

Together, before fees+0.443%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board+$44 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.175% cheaper against Lighter than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BCH	271.03	0.0096	pay 0.0012% / 1h	59m 01s	$396K	$430K	10x
Short	edgeX BCHUSDC	270.50	0.0100	get 0.0050% / 4h	1h 59m	$19K	$347K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.197%Rate

Funding earned: $0.84
Price spread: −0.197% → −0.022%: −$17.47
Slippage, 4 orders: −$37.52
Fee Lighter: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$63.15
Costs to cover: 0.465%
Break-even: 533.2 days

Slippage from Lighter: live order book, 47 min ago; edgeX: live order book, 52 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, 47 min ago	6.14 bp	16.2 bp −$16	65.2 bp −$652	164.0 bp −$16.4K	doesn't fit
Sell edgeX live order book, 52 min ago	7.49 bp	12.2 bp −$12	27.5 bp −$275	doesn't fit	doesn't fit

BCH on 32 exchanges

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	−0.0401%	1h	270.83	−0.074%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0373%	8h	270.69	−0.125%	$5.0M	$6.3M	50x	as long as short
Variational Omni BCH	−0.0133%	8h	270.49	−0.201%	$147K	$223K	—	as long as short
OKX BCH-USDT-SWAP	−0.0114%	8h	270.50	−0.196%	$26.0M	$75.8M	50x	as long as short
Bybit BCHUSDT	−0.0098%	8h	270.80	−0.085%	$39.6M	$30.9M	75x	as long as short
Binance BCHUSDT	−0.0064%	8h	270.67	−0.133%	$74.4M	$201.3M	75x	as long as short
Extended BCH-USD	−0.0064%	1h	270.75	−0.104%	$119K	$919K	25x	as long as short
MEXC BCH_USDT	−0.0064%	8h	271.44	+0.151%	$73.7M	$9.3M	200x	as long as short
GRVT BCH_USDT_Perp	−0.0059%	8h	270.98	−0.018%	$395K	$17K	10x	as long as short
Gate BCH_USDT	−0.0037%	8h	270.67	−0.133%	$8.2M	$12.2M	75x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit BCH_USDC-PERPETUAL	−0.0027%	1h	270.94	−0.032%	$427K	$357K	25x	as long as short
BingX BCH-USDC	−0.0010%	8h	270.74	−0.107%	—	$6.5M	—	as long as short
KuCoin BCHUSDTM	−0.0007%	8h	271.05	+0.007%	$8.9M	$5.5M	75x	as long as short
Bitget BCHUSDT	−0.0006%	8h	270.85	−0.066%	$19.5M	$26.4M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0003% / S +0.0007%	1h	270.71	−0.117%	$18K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	271.32	+0.105%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	271.39	+0.133%	$1.0M	$8.7M	2.7x	as long as short
HTX BCH-USDT	+0.0003%	8h	271.07	+0.015%	$792K	$1.2M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0024%	1h	271.05	+0.007%	$878K	$2.5M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	−0.306%	$721	$130K	12x	as long as short
Aster BCHUSDT	+0.0040%	8h	270.65	−0.141%	$147K	$508K	75x	as long as short
Orderly PERP_BCH_USDC	+0.0041%	8h	270.85	−0.066%	$2K	$540	10x	as long as short
BloFin BCH-USDT	+0.0056%	8h	270.74	−0.107%	$3.6M	$5.4M	50x	as long as short
Pacifica BCH	+0.0095%	1h	271.36	+0.121%	$157K	$270K	10x	as long as short
Lighter BCHlong	+0.0096%	1h	271.03	long leg	$396K	$430K	10x
Nado BCH-PERP	+0.0100%	1h	271.18	+0.057%	$462K	$373K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	270.92	−0.041%	$6.0M	$4.6M	10x	as long as short
edgeX BCHUSDCshort	+0.0100%	4h	270.50	−0.197%	$19K	$347K	20x
ApeX Omni BCHUSDT	+0.0100%	1h	270.62	−0.151%	$98K	$245K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	270.94	−0.033%	$1K	$1.4M	30x	as long as short
Coinbase International BCH-PERP-INTX	+0.0200%	1h	271.70	+0.247%	$359K	$2.1M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0227% / S −0.0201%	1h	270.87	−0.060%	$15K	—	100x	as long as short