Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h +0.001%

Price spread now: HTX against Lighter−0.019%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$540.536% of the position

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.190%+$19 on $10k

Price spread, last 3 days (all we have)−0.052%−$5 · spread now −0.019%, 7d avg −0.020%

Together, before fees+0.137%+ Points / potential airdropLighter: Season 3 · farm board+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.190%, 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	267.94	0.0096	pay 0.0012% / 1h	57m 38s	$370K	$526K	10x
Short	HTX BCH-USDT	267.89	0.0075	get 0.0075% / 8h	7h 57m	$778K	$1.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$4.36
Price spread: −0.019% → −0.020%: $0.05
Slippage, 4 orders: −$41.62
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$57.92
Costs to cover: 0.536%
Break-even: never at this rate

Slippage from Lighter: live order book, 8 min ago; HTX: 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, 8 min ago	3.43 bp	5.4 bp −$5	48.6 bp −$486	153.1 bp −$15.3K	doesn't fit
Sell HTX live order book, 1 min ago	10.09 bp	19.9 bp −$20	234.8 bp −$2,348	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
Phemex BCHUSDT	−0.3695%	8h	267.91	−0.012%	$4.9M	$6.5M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0272%	1h	268.10	+0.057%	$453K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0203%	1h	267.95	+0.003%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0134%	8h	266.81	−0.421%	$82K	$292K	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0056%	1h	267.42	−0.194%	$226K	$2.1M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	268.16	+0.080%	$857K	$3.2M	50x	as long as short
Nado BCH-PERP	−0.0040%	1h	267.91	−0.010%	$441K	$435K	10x	as long as short
ApeX Omni BCHUSDT	−0.0037%	1h	266.85	−0.407%	$72K	$214K	50x	as long as short
Binance BCHUSDT	−0.0034%	8h	267.91	−0.012%	$73.0M	$235.3M	75x	as long as short
MEXC BCH_USDT	−0.0034%	8h	268.36	+0.156%	$70.3M	$6.5M	200x	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	−0.0032%	1h	267.87	−0.027%	$115K	$648K	25x	as long as short
Gate BCH_USDT	−0.0026%	8h	268.00	+0.022%	$8.4M	$14.0M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	268.16	+0.083%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.75	−0.071%	$1.1M	$11.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.15	+0.079%	$4K	—	150x	as long as short
GRVT BCH_USDT_Perp	+0.0016%	8h	266.96	−0.365%	$389K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0018%	8h	267.93	−0.004%	$19.2M	$30.0M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0025%	8h	267.80	−0.053%	$26.0M	$79.0M	50x	as long as short
BingX BCH-USDT	+0.0028%	8h	267.89	−0.019%	—	$31.0M	—	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	267.93	−0.004%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.843%	$721	$130K	12x	as long as short
HTX BCH-USDTshort	+0.0075%	8h	267.89	−0.019%	$778K	$1.7M	75x
BloFin BCH-USDT	+0.0087%	8h	267.10	−0.314%	$3.9M	$4.2M	50x	as long as short
Lighter BCHlong	+0.0096%	1h	267.94	long leg	$370K	$526K	10x
Hyperliquid BCH	+0.0100%	1h	268.29	+0.130%	$6.0M	$4.5M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.91	−0.012%	$174K	$715K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.94	0.000%	$163K	$430K	10x	as long as short
Bybit BCHUSDT	+0.0100%	8h	267.92	−0.008%	$39.5M	$33.2M	75x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.05	+0.041%	$9.0M	$7.7M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.01	−0.349%	$19K	$290K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.86	−0.030%	$2K	$2.0M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0224%	1h	268.20	+0.097%	$31K	—	100x	as long as short