Funding you earn now, next payment 22:00 UTC−0.0270%/8h= −29.6% APRpaid last 24h −0.020%
Price spread now: Phemex against Lighter+0.001%7-day average −0.003% · 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−$29as in the Price arb table
costs, in and out, $10k−$300.299% of the position
Funding, last 7 days+0.050%+$5 on $10k
+Price spread, last 3 days (all we have)−0.145%−$14 · spread now +0.001%, 7d avg −0.003%
=Together, before fees−0.095%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.050% in total (about 2.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| 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 09s | $375K | $581K | 10x |
| Short | Phemex BCHUSDT | 267.87 | −0.0174 | pay 0.0174% / 8h | 2h 02m | $4.9M | $6.3M | 50x |
Lighter BCH
Phemex BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$56.75
- Price spread: +0.001% → −0.003%
- $0.45
- Slippage, 4 orders
- −$17.87
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$86.17
- Costs to cover
- 0.299%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 13 min ago; Phemex: 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 Phemex live order book, 2 min ago | 0.19 bp | 8.7 bp −$9 | 15.1 bp −$151 | 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 | |
|---|---|---|---|---|---|---|---|---|
| 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 BCHUSDTshort | −0.0174% | 8h | 267.87 | +0.001% | $4.9M | $6.3M | 50x | |
| 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 |
Deribit BCH_USDC-PERPETUAL
Injective BCH/USDC PERP
SoDEX BCH-USD
Binance BCHUSDT
MEXC BCH_USDT
Extended BCH-USD
Variational Omni BCH
Bitget BCHUSDT
Gate BCH_USDTShow 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-SWAP | +0.0032% | 8h | 267.70 | −0.062% | $26.2M | $75.9M | 50x | as long as short |
| 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 |
Coinbase International BCH-PERP-INTX
GRVT BCH_USDT_Perp
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Bybit BCHUSDT
Orderly PERP_BCH_USDC
BingX BCH-USDC
BloFin BCH-USDT
OKX BCH-USDT-SWAP
Kraken Futures PF_BCHUSD
Nado BCH-PERP
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]