Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0174%/8h= +19.1% APRpaid last 24h +0.009%

Price spread now: Lighter against OKX−0.035%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$420.419% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$7 on $10k

Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.035%, 7d avg +0.035%

Together, before fees+0.067%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.071% cheaper against OKX than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of +0.035%). If the spread goes back, that is −$7 on $10k: about 32 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BCH-USDT-SWAP	263.90	−0.0078	get 0.0078% / 8h	2h 37m	$25.1M	$76.7M	50x
Short	Lighter BCH	263.81	0.0096	get 0.0012% / 1h	37m 53s	$354K	$495K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now −0.035%Rate

Funding earned: $36.57
Price spread: −0.035% → +0.035%: −$7.06
Slippage, 4 orders: −$31.88
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$12.37
Costs to cover: 0.419%
Break-even: 9.4 days

Slippage from OKX: live order book, 1 min ago; Lighter: 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 OKX live order book, 1 min ago	1.90 bp	9.4 bp −$9	17.8 bp −$178	148.5 bp −$14.8K	doesn't fit
Sell Lighter live order book, 2 min ago	7.77 bp	11.4 bp −$11	59.4 bp −$594	153.5 bp −$15.4K	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
HTX BCH-USDT	−0.0238%	8h	263.52	−0.144%	$768K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0198%	1h	263.69	−0.080%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0191%	8h	263.80	−0.038%	$5.0M	$6.5M	50x	as long as short
Nado BCH-PERP	−0.0136%	1h	263.65	−0.095%	$431K	$350K	10x	as long as short
Bitget BCHUSDT	−0.0110%	8h	263.70	−0.076%	$18.8M	$28.4M	75x	as long as short
SunX BCH-USDT	−0.0110%	8h	263.65	−0.095%	$1K	$1.7M	30x	as long as short
KuCoin BCHUSDTM	−0.0096%	8h	263.80	−0.038%	$8.5M	$6.8M	75x	as long as short
OKX BCH-USDT-SWAPlong	−0.0078%	8h	263.90	long leg	$25.1M	$76.7M	50x
Variational Omni BCH	−0.0070%	8h	263.31	−0.225%	$81K	$196K	—	as long as short
Extended BCH-USD	−0.0056%	1h	263.58	−0.121%	$111K	$1.1M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0054%	8h	263.95	+0.019%	$71.9M	$219.2M	75x	as long as short
MEXC BCH_USDT	−0.0053%	8h	264.20	+0.114%	$69.8M	$8.0M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0040%	1h	263.48	−0.159%	$219K	$1.8M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0026%	8h	263.89	−0.004%	$385K	$17K	10x	as long as short
Bybit BCHUSDT	−0.0023%	8h	264.00	+0.038%	$38.9M	$31.5M	75x	as long as short
BingX BCH-USDT	−0.0016%	8h	263.75	−0.057%	—	$32.9M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	263.83	−0.027%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.52	−0.144%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	263.79	−0.042%	$987K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	263.93	+0.010%	$439K	$333K	25x	as long as short
Gate BCH_USDT	+0.0007%	8h	263.80	−0.038%	$8.3M	$13.7M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.387%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	263.72	−0.068%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0066%	8h	263.17	−0.277%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0071%	8h	263.71	−0.072%	$153K	$557K	75x	as long as short
Lighter BCHshort	+0.0096%	1h	263.81	−0.035%	$354K	$495K	10x
Hyperliquid BCH	+0.0100%	1h	263.98	+0.030%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	263.50	−0.152%	$158K	$306K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.93	+0.012%	$18K	$329K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	263.82	−0.030%	$96K	$235K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0180%	1h	263.96	+0.024%	$843K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	263.84	−0.021%	$12K	—	100x	as long as short