Funding you earn now, next payment 22:00 UTC−0.0216%/8h= −23.7% APRnext payment −$0.27 per $10,000 · paid last 24h −0.011%
Price spread now: Extended against Lighter−0.006%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$280.278% of the position
Funding, last 7 days+0.015%+$1 on $10k
+Price spread, last 4 days (all we have)−0.115%−$11 · spread now −0.006%, 7d avg −0.065%
=Together, before fees−0.100%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.059% dearer against Lighter than usual: you sell high and buy low (spread −0.006% now, against its 7-day average of −0.065%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 22 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.015% in total (about 0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.27 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BCH | 267.98 | 0.0096 | pay 0.0012% / 1h | 37m 25s | $376K | $580K | 10x |
| Short | Extended BCH-USD | 267.96 | −0.0120 | pay 0.0015% / 1h | 37m 25s | $105K | $643K | 25x |
Lighter BCH
Extended BCH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$45.36
- Price spread: −0.006% → −0.065%
- $5.92
- Slippage, 4 orders
- −$22.8
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$67.24
- Costs to cover
- 0.278%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 47 min ago; Extended: live order book, 50 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 | 4.65 bp | 5.2 bp −$5 | 55.2 bp −$552 | doesn't fit | doesn't fit |
| Sell Extended live order book, 50 min ago | 0.75 bp | 7.3 bp −$7 | 59.3 bp −$593 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective BCH/USDC PERP | −0.0304% | 1h | 267.23 | −0.279% | $713 | $80K | 12x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0280% | 1h | 267.71 | −0.100% | $438K | $247K | 25x | as long as short |
| Phemex BCHUSDT | −0.0199% | 8h | 267.58 | −0.149% | $4.9M | $6.2M | 50x | as long as short |
| SoDEX BCH-USD | −0.0181% | 1h | 267.61 | −0.138% | $2K | $6K | 10x | as long as short |
| Extended BCH-USDshort | −0.0120% | 1h | 267.96 | −0.006% | $105K | $643K | 25x | |
| Binance BCHUSDT | −0.0119% | 8h | 268.10 | +0.047% | $74.0M | $229.0M | 75x | as long as short |
| MEXC BCH_USDT | −0.0118% | 8h | 268.48 | +0.187% | $71.1M | $6.3M | 200x | as long as short |
| Variational Omni BCH | −0.0086% | 8h | 267.45 | −0.197% | $85K | $291K | — | as long as short |
| Bybit BCHUSDT | −0.0074% | 8h | 268.02 | +0.015% | $39.5M | $32.0M | 75x | as long as short |
| GRVT BCH_USDT_Perp | −0.0057% | 8h | 267.55 | −0.161% | $390K | $17K | 10x | as long as short |
Injective BCH/USDC PERP
Deribit BCH_USDC-PERPETUAL
Phemex BCHUSDT
SoDEX BCH-USD
Binance BCHUSDT
MEXC BCH_USDT
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 | −0.0051% | 8h | 268.06 | +0.030% | $20.0M | $28.8M | 75x | as long as short |
| Gate BCH_USDT | −0.0036% | 8h | 267.99 | +0.004% | $8.4M | $14.4M | 75x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0024% | 1h | 267.55 | −0.160% | $254K | $2.0M | 50x | as long as short |
| BingX BCH-USDC | −0.0012% | 8h | 268.02 | +0.015% | — | $6.5M | — | as long as short |
| OKX BCH-USDT-SWAP | −0.0007% | 8h | 268.00 | +0.008% | $26.2M | $75.8M | 50x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 268.09 | +0.042% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 267.66 | −0.119% | $1.1M | $11.4M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 267.58 | −0.149% | $4K | — | 150x | as long as short |
| BloFin BCH-USDT | +0.0001% | 8h | 267.26 | −0.268% | $4.0M | $4.1M | 50x | as long as short |
| Orderly PERP_BCH_USDC | +0.0029% | 8h | 267.59 | −0.145% | $2K | $176 | 10x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0074% | 1h | 267.90 | −0.029% | $803K | $3.2M | 50x | as long as short |
| KuCoin BCHUSDTM | +0.0084% | 8h | 267.89 | −0.033% | $8.9M | $8.0M | 75x | as long as short |
| Nado BCH-PERP | +0.0086% | 1h | 268.03 | +0.018% | $439K | $427K | 10x | as long as short |
| Lighter BCHlong | +0.0096% | 1h | 267.98 | long leg | $376K | $580K | 10x | |
| Hyperliquid BCH | +0.0100% | 1h | 268.29 | +0.116% | $6.0M | $4.1M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 267.88 | −0.037% | $234K | $660K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 267.96 | −0.006% | $169K | $460K | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 267.36 | −0.230% | $19K | $288K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 267.67 | −0.115% | $73K | $214K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 267.35 | −0.235% | $2K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 267.44 | −0.201% | $769K | $1.6M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0365% / S −0.0554% | 1h | 267.65 | −0.123% | $25K | — | 100x | as long as short |
Bitget BCHUSDT
Gate BCH_USDT
Coinbase International BCH-PERP-INTX
BingX BCH-USDC
OKX BCH-USDT-SWAP
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
BloFin BCH-USDT
Orderly PERP_BCH_USDC
Kraken Futures PF_BCHUSD
KuCoin BCHUSDTM
Nado BCH-PERP
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]