Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.001%

Price spread now: OKX against Lighter−0.062%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.062%, 7d avg −0.037%

Together, before fees+0.057%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.026% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.037%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.074%, 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	267.87	0.0096	pay 0.0012% / 1h	2m 07s	$375K	$581K	10x
Short	OKX BCH-USDT-SWAP	267.70	0.0032	get 0.0032% / 8h	2h 02m	$26.2M	$75.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$13.43
Price spread: −0.062% → −0.037%: −$2.55
Slippage, 4 orders: −$25.02
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$51
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from Lighter: live order book, 13 min ago; OKX: live order book, 2 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, 13 min ago	3.50 bp	3.5 bp −$3	50.1 bp −$501	166.7 bp −$16.7K	doesn't fit
Sell OKX live order book, 2 min ago	1.87 bp	9.8 bp −$10	14.7 bp −$147	93.5 bp −$9,354	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
Deribit BCH_USDC-PERPETUAL	−0.0425%	1h	267.88	+0.003%	$438K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	268.50	+0.236%	$716	$110K	12x	as long as short
Phemex BCHUSDT	−0.0174%	8h	267.87	+0.001%	$4.9M	$6.3M	50x	as long as short
SoDEX BCH-USD	−0.0151%	1h	267.76	−0.040%	$2K	$6K	10x	as long as short
Binance BCHUSDT	−0.0091%	8h	267.76	−0.038%	$73.9M	$229.4M	75x	as long as short
MEXC BCH_USDT	−0.0090%	8h	268.44	+0.214%	$71.1M	$6.4M	200x	as long as short
Extended BCH-USD	−0.0088%	1h	267.73	−0.050%	$115K	$653K	25x	as long as short
Variational Omni BCH	−0.0073%	8h	267.74	−0.048%	$85K	$291K	—	as long as short
Bitget BCHUSDT	−0.0034%	8h	267.94	+0.027%	$19.9M	$29.0M	75x	as long as short
Gate BCH_USDT	−0.0029%	8h	267.88	+0.005%	$8.4M	$14.5M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTX	−0.0024%	1h	268.88	+0.378%	$242K	$2.1M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0017%	8h	267.84	−0.010%	$390K	$17K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	268.07	+0.076%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.18	+0.117%	$1.1M	$11.3M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.02	+0.058%	$4K	—	150x	as long as short
Bybit BCHUSDT	+0.0001%	8h	267.80	−0.025%	$39.3M	$32.2M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0026%	8h	267.90	+0.012%	$2K	$176	10x	as long as short
BingX BCH-USDC	+0.0029%	8h	267.85	−0.006%	—	$6.5M	—	as long as short
BloFin BCH-USDT	+0.0029%	8h	267.94	+0.027%	$4.0M	$4.1M	50x	as long as short
OKX BCH-USDT-SWAPshort	+0.0032%	8h	267.70	−0.062%	$26.2M	$75.9M	50x
Kraken Futures PF_BCHUSD	+0.0074%	1h	268.10	+0.087%	$804K	$3.2M	50x	as long as short
Lighter BCHlong	+0.0096%	1h	267.87	long leg	$375K	$581K	10x
Nado BCH-PERP	+0.0100%	1h	267.89	+0.010%	$438K	$425K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.14	+0.102%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.01	+0.053%	$235K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.01	+0.053%	$169K	$455K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	267.92	+0.020%	$8.8M	$7.9M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.82	−0.019%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.05	+0.068%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.84	−0.010%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.77	−0.036%	$771K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0340% / S −0.0467%	1h	268.05	+0.069%	$26K	—	100x	as long as short