Funding you earn now, next payment 07:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%
Price spread now: Kalshi against Lighter+0.064%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$450.447% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)−0.318%−$32 · spread now +0.064%, 7d avg −0.011%
=Together, before fees−0.358%+ Points / potential airdropLighter: Season 3 · farm board−$36 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kalshi is 0.076% dearer against Lighter than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of −0.011%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 7 days (−0.039% in total) that is about 13 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BCH | 264.23 | 0.0096 | pay 0.0012% / 1h | 33m 28s | $352K | $495K | 10x |
| Short | Kalshi KXBCHPERP | 264.40 | 0 | get 0.0000% / 8h | 5h 33m | $984K | $10.5M | 2.7x |
Lighter BCH
Kalshi KXBCHPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi 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
- −$20.16
- Price spread: +0.064% → −0.011%
- $7.58
- Slippage, 4 orders
- −$34.7
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$57.27
- Costs to cover
- 0.447%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 1 min ago; Kalshi: live order book, 5 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, 1 min ago | 4.07 bp | 7.8 bp −$8 | 59.3 bp −$593 | 165.9 bp −$16.6K | doesn't fit |
| Sell Kalshi live order book, 5 min ago | 6.04 bp | 14.8 bp −$15 | 22.9 bp −$229 | 448.2 bp −$44.8K | 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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX BCH-USD | −0.0436% | 1h | 263.98 | −0.095% | $2K | $8K | 10x | as long as short |
| HTX BCH-USDT | −0.0189% | 8h | 263.90 | −0.125% | $772K | $1.4M | 75x | as long as short |
| Phemex BCHUSDT | −0.0164% | 8h | 264.04 | −0.072% | $4.9M | $6.6M | 50x | as long as short |
| KuCoin BCHUSDTM | −0.0107% | 8h | 264.24 | +0.004% | $8.5M | $6.7M | 75x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0103% | 1h | 264.18 | −0.017% | $859K | $3.0M | 50x | as long as short |
| Bitget BCHUSDT | −0.0091% | 8h | 264.31 | +0.030% | $18.9M | $28.4M | 75x | as long as short |
| Variational Omni BCH | −0.0085% | 8h | 264.00 | −0.086% | $81K | $196K | — | as long as short |
| OKX BCH-USDT-SWAP | −0.0083% | 8h | 264.20 | −0.011% | $25.2M | $77.9M | 50x | as long as short |
| Bybit BCHUSDT | −0.0063% | 8h | 264.20 | −0.011% | $38.8M | $31.8M | 75x | as long as short |
| Binance BCHUSDT | −0.0051% | 8h | 264.33 | +0.037% | $72.8M | $221.0M | 75x | as long as short |
SoDEX BCH-USD
HTX BCH-USDT
Phemex BCHUSDT
KuCoin BCHUSDTM
Kraken Futures PF_BCHUSD
Bitget BCHUSDT
Variational Omni BCH
OKX BCH-USDT-SWAP
Bybit BCHUSDT
Binance BCHUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BCH_USDT | −0.0050% | 8h | 264.48 | +0.095% | $70.5M | $8.7M | 200x | as long as short |
| Extended BCH-USD | −0.0048% | 1h | 264.19 | −0.016% | $112K | $770K | 25x | as long as short |
| BingX BCH-USDT | −0.0038% | 8h | 264.28 | +0.019% | — | $32.9M | — | as long as short |
| GRVT BCH_USDT_Perp | −0.0026% | 8h | 264.56 | +0.123% | $386K | $17K | 10x | as long as short |
| Gate BCH_USDT | −0.0015% | 8h | 264.29 | +0.023% | $8.3M | $13.8M | 75x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 264.24 | +0.004% | $15K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 264.41 | +0.068% | $5K | $240 | 10x | as long as short |
| Kalshi KXBCHPERPshort | 0.0000% | 8h | 264.40 | +0.064% | $984K | $10.5M | 2.7x | |
| Deribit BCH_USDC-PERPETUAL | 0.0000% | 1h | 264.15 | −0.029% | $440K | $336K | 25x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0008% | 1h | 265.10 | +0.329% | $224K | $1.9M | 50x | as long as short |
| Nado BCH-PERP | +0.0011% | 1h | 264.25 | +0.008% | $434K | $356K | 10x | as long as short |
| ApeX Omni BCHUSDT | +0.0032% | 1h | 264.58 | +0.132% | $95K | $238K | 50x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +2.259% | $721 | $130K | 12x | as long as short |
| SunX BCH-USDT | +0.0044% | 8h | 263.80 | −0.163% | $2K | $1.7M | 30x | as long as short |
| Orderly PERP_BCH_USDC | +0.0046% | 8h | 263.98 | −0.095% | $2K | $176 | 10x | as long as short |
| Aster BCHUSDT | +0.0051% | 8h | 264.50 | +0.102% | $137K | $590K | 75x | as long as short |
| BloFin BCH-USDT | +0.0070% | 8h | 264.06 | −0.064% | $3.9M | $4.5M | 50x | as long as short |
| Lighter BCHlong | +0.0096% | 1h | 264.23 | long leg | $352K | $495K | 10x | |
| Hyperliquid BCH | +0.0100% | 1h | 264.49 | +0.098% | $5.7M | $4.7M | 10x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 264.31 | +0.030% | $158K | $312K | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 264.48 | +0.096% | $18K | $344K | 20x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0202% / S −0.0147% | 1h | 264.27 | +0.017% | $12K | — | 100x | as long as short |
MEXC BCH_USDT
Extended BCH-USD
BingX BCH-USDT
GRVT BCH_USDT_Perp
Gate BCH_USDT
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Deribit BCH_USDC-PERPETUAL
Coinbase International BCH-PERP-INTX
Nado BCH-PERP
ApeX Omni BCHUSDT
Injective BCH/USDC PERP
SunX BCH-USDT
Orderly PERP_BCH_USDC
Aster BCHUSDT
BloFin BCH-USDT
Hyperliquid BCH
Pacifica BCH
edgeX BCHUSDC
GMX BCH/USD [WBTC.b-USDC]