Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Hyperliquid against Lighter+0.089%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$340.341% of the position
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.089%, 7d avg +0.047%
=Together, before fees+0.052%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$5 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: Hyperliquid is 0.042% dearer against Lighter than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.047%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BCH | 266.85 | 0.0096 | pay 0.0012% / 1h | 20m 37s | $365K | $482K | 10x |
| Short | Hyperliquid BCH | 267.09 | 0.0100 | get 0.0013% / 1h | 20m 37s | $5.7M | $4.7M | 10x |
Lighter BCH
Hyperliquid BCHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $0.84
- Price spread: +0.089% → +0.047%
- $4.17
- Slippage, 4 orders
- −$25.08
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$29.07
- Costs to cover
- 0.341%
- Break-even
- 249.3 days
Slippage from Lighter: live order book, 34 min ago; Hyperliquid: 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, 34 min ago | 4.41 bp | 6.3 bp −$6 | 59.7 bp −$597 | 176.2 bp −$17.6K | doesn't fit |
| Sell Hyperliquid live order book, 1 min ago | 1.31 bp | 8.1 bp −$8 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX BCH-USDT | −0.1370% | 8h | 266.74 | −0.042% | $1K | $1.7M | 30x | as long as short |
| HTX BCH-USDT | −0.0468% | 8h | 266.84 | −0.005% | $776K | $1.4M | 75x | as long as short |
| Phemex BCHUSDT | −0.0447% | 8h | 266.99 | +0.051% | $4.9M | $6.6M | 50x | as long as short |
| SoDEX BCH-USD | −0.0294% | 1h | 266.77 | −0.031% | $2K | $8K | 10x | as long as short |
| GRVT BCH_USDT_Perp | −0.0132% | 8h | 266.66 | −0.071% | $389K | $17K | 10x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0128% | 1h | 266.88 | +0.010% | $224K | $1.8M | 50x | as long as short |
| Nado BCH-PERP | −0.0127% | 1h | 266.75 | −0.039% | $424K | $339K | 10x | as long as short |
| Gate BCH_USDT | −0.0108% | 8h | 266.80 | −0.020% | $8.3M | $13.3M | 75x | as long as short |
| MEXC BCH_USDT | −0.0105% | 8h | 267.19 | +0.126% | $70.4M | $7.0M | 200x | as long as short |
| Binance BCHUSDT | −0.0105% | 8h | 266.82 | −0.012% | $72.6M | $213.4M | 75x | as long as short |
SunX BCH-USDT
HTX BCH-USDT
Phemex BCHUSDT
SoDEX BCH-USD
GRVT BCH_USDT_Perp
Coinbase International BCH-PERP-INTX
Nado BCH-PERP
Gate BCH_USDT
MEXC BCH_USDT
Binance BCHUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BCH-USD | −0.0104% | 1h | 266.48 | −0.139% | $116K | $953K | 25x | as long as short |
| Variational Omni BCH | −0.0099% | 8h | 266.80 | −0.020% | $82K | $201K | — | as long as short |
| OKX BCH-USDT-SWAP | −0.0068% | 8h | 266.70 | −0.057% | $25.3M | $74.3M | 50x | as long as short |
| KuCoin BCHUSDTM | −0.0067% | 8h | 267.05 | +0.074% | $8.6M | $7.1M | 75x | as long as short |
| Bitget BCHUSDT | −0.0062% | 8h | 266.60 | −0.095% | $19.2M | $28.1M | 75x | as long as short |
| Bybit BCHUSDT | −0.0044% | 8h | 266.74 | −0.042% | $39.3M | $30.8M | 75x | as long as short |
| BingX BCH-USDT | −0.0036% | 8h | 266.76 | −0.035% | — | $32.1M | — | as long as short |
| Kraken Futures PF_BCHUSD | −0.0031% | 1h | 267.00 | +0.057% | $856K | $3.0M | 50x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0012% | 1h | 267.02 | +0.063% | $447K | $331K | 25x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 267.06 | +0.077% | $15K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 266.97 | +0.045% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 267.15 | +0.111% | $1.1M | $10.3M | 2.7x | as long as short |
| ApeX Omni BCHUSDT | +0.0001% | 1h | 266.66 | −0.072% | $97K | $227K | 50x | as long as short |
| BloFin BCH-USDT | +0.0014% | 8h | 266.74 | −0.042% | $4.0M | $4.2M | 50x | as long as short |
| Pacifica BCH | +0.0021% | 1h | 266.85 | 0.000% | $162K | $321K | 10x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +1.254% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0034% | 8h | 266.89 | +0.014% | $2K | $176 | 10x | as long as short |
| Lighter BCHlong | +0.0096% | 1h | 266.85 | long leg | $365K | $482K | 10x | |
| Hyperliquid BCHshort | +0.0100% | 1h | 267.09 | +0.089% | $5.7M | $4.7M | 10x | |
| Aster BCHUSDT | +0.0100% | 8h | 267.00 | +0.055% | $169K | $519K | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 265.81 | −0.391% | $19K | $289K | 20x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0358% / S −0.0525% | 1h | 267.07 | +0.080% | $25K | — | 100x | as long as short |
Extended BCH-USD
Variational Omni BCH
OKX BCH-USDT-SWAP
KuCoin BCHUSDTM
Bitget BCHUSDT
Bybit BCHUSDT
BingX BCH-USDT
Kraken Futures PF_BCHUSD
Deribit BCH_USDC-PERPETUAL
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Kalshi KXBCHPERP
ApeX Omni BCHUSDT
BloFin BCH-USDT
Pacifica BCH
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
Aster BCHUSDT
edgeX BCHUSDC
GMX BCH/USD [WBTC.b-USDC]