Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.009%

Price spread now: Gate against Lighter−0.003%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$410.411% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.003%, 7d avg −0.002%

Together, before fees−0.008%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BCH	263.12	0.0096	pay 0.0012% / 1h	40m 36s	$353K	$495K	10x
Short	Gate BCH_USDT	263.11	0.0004	get 0.0004% / 8h	2h 40m	$8.3M	$13.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.003%Rate

Funding earned: −$19.32
Price spread: −0.003% → −0.002%: −$0.05
Slippage, 4 orders: −$26.09
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$60.46
Costs to cover: 0.411%
Break-even: never at this rate

Slippage from Lighter: live order book, 64 min ago; Gate: live order book, 3 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, 64 min ago	3.11 bp	5.8 bp −$6	58.7 bp −$587	160.7 bp −$16.1K	doesn't fit
Sell Gate live order book, 3 min ago	1.33 bp	11.8 bp −$12	18.3 bp −$183	59.9 bp −$5,994	87.7 bp −$43.8K

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
HTX BCH-USDT	−0.0240%	8h	263.13	+0.005%	$768K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0208%	1h	263.41	+0.111%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0201%	8h	263.59	+0.180%	$5.0M	$6.5M	50x	as long as short
Nado BCH-PERP	−0.0143%	1h	262.95	−0.063%	$429K	$350K	10x	as long as short
SunX BCH-USDT	−0.0110%	8h	263.72	+0.229%	$1K	$1.7M	30x	as long as short
Bitget BCHUSDT	−0.0109%	8h	262.89	−0.086%	$18.8M	$28.4M	75x	as long as short
KuCoin BCHUSDTM	−0.0097%	8h	263.09	−0.010%	$8.4M	$6.8M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0080%	1h	263.57	+0.171%	$439K	$333K	25x	as long as short
OKX BCH-USDT-SWAP	−0.0078%	8h	263.10	−0.006%	$25.0M	$76.4M	50x	as long as short
Variational Omni BCH	−0.0070%	8h	263.31	+0.072%	$81K	$196K	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0056%	1h	262.88	−0.090%	$111K	$1.1M	25x	as long as short
Binance BCHUSDT	−0.0054%	8h	263.10	−0.006%	$71.7M	$218.9M	75x	as long as short
MEXC BCH_USDT	−0.0053%	8h	263.59	+0.180%	$69.7M	$8.0M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0040%	1h	263.67	+0.210%	$222K	$1.8M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0028%	8h	263.72	+0.230%	$384K	$17K	10x	as long as short
Bybit BCHUSDT	−0.0018%	8h	263.02	−0.037%	$38.7M	$31.5M	75x	as long as short
BingX BCH-USDC	−0.0013%	8h	262.98	−0.052%	—	$6.5M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	263.55	+0.165%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.31	+0.073%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.33	+0.461%	$987K	$10.4M	2.7x	as long as short
Gate BCH_USDTshort	+0.0004%	8h	263.11	−0.003%	$8.3M	$13.7M	75x
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.692%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	263.44	+0.123%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0067%	8h	263.23	+0.043%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0072%	8h	263.31	+0.072%	$152K	$555K	75x	as long as short
Lighter BCHlong	+0.0096%	1h	263.12	long leg	$353K	$495K	10x
Hyperliquid BCH	+0.0100%	1h	263.40	+0.108%	$5.6M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	263.12	+0.001%	$158K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.93	+0.309%	$18K	$329K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.15	+0.393%	$96K	$235K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0180%	1h	263.56	+0.170%	$842K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	263.67	+0.210%	$12K	—	100x	as long as short