Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0069%/8h= +7.6% APRpaid last 24h +0.007%

Price spread now: Lighter against Orderly−0.044%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.044% cheaper against Orderly than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_BCH_USDC	270.32	0.0027	pay 0.0027% / 8h	1h 52m	$2K	$176	10x
Short	Lighter BCH	270.20	0.0096	get 0.0012% / 1h	52m 51s	$379K	$583K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Orderly. 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 OrderlybpFee LighterbpOrdersPrice spread, now −0.044%Rate

Funding earned: $14.58
Price spread: −0.044% → 0.000%: −$4.4
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: $4.18
Costs to cover: 0.060%
Break-even: 5.0 days

Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 23 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Lighter live order book, 23 min ago	3.50 bp	9.1 bp −$9	62.2 bp −$622	161.4 bp −$16.1K	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0386%	1h	270.29	−0.010%	$458K	$263K	25x	as long as short
Phemex BCHUSDT	−0.0215%	8h	270.21	−0.041%	$4.9M	$6.3M	50x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	270.20	−0.044%	$721	$130K	12x	as long as short
Extended BCH-USD	−0.0080%	1h	269.76	−0.208%	$117K	$653K	25x	as long as short
Binance BCHUSDT	−0.0076%	8h	269.89	−0.159%	$74.4M	$231.9M	75x	as long as short
MEXC BCH_USDT	−0.0076%	8h	270.51	+0.070%	$71.6M	$6.3M	200x	as long as short
Variational Omni BCH	−0.0071%	8h	269.23	−0.404%	$86K	$291K	—	as long as short
Bitget BCHUSDT	−0.0023%	8h	269.89	−0.159%	$20.0M	$29.0M	75x	as long as short
Gate BCH_USDT	−0.0020%	8h	269.92	−0.148%	$8.4M	$14.6M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	270.48	+0.058%	$5K	$248	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXBCHPERP	0.0000%	8h	270.53	+0.078%	$1.2M	$11.4M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	270.36	+0.014%	$4K	—	150x	as long as short
GRVT BCH_USDT_Perp	+0.0001%	8h	270.88	+0.207%	$395K	$17K	10x	as long as short
Bybit BCHUSDT	+0.0002%	8h	269.83	−0.181%	$39.7M	$32.5M	75x	as long as short
Nado BCH-PERP	+0.0013%	1h	270.23	−0.032%	$443K	$427K	10x	as long as short
Coinbase International BCH-PERP-INTX	+0.0016%	1h	270.47	+0.055%	$234K	$2.1M	50x	as long as short
Orderly PERP_BCH_USDClong	+0.0027%	8h	270.32	long leg	$2K	$176	10x
SoDEX BCH-USD	+0.0033%	1h	270.18	−0.052%	$2K	$6K	10x	as long as short
BingX BCH-USDT	+0.0038%	8h	269.89	−0.159%	—	$31.9M	—	as long as short
OKX BCH-USDT-SWAP	+0.0042%	8h	269.90	−0.155%	$26.2M	$77.2M	50x	as long as short
BloFin BCH-USDT	+0.0044%	8h	270.10	−0.081%	$4.0M	$4.1M	50x	as long as short
Lighter BCHshort	+0.0096%	1h	270.20	−0.044%	$379K	$583K	10x
Hyperliquid BCH	+0.0100%	1h	270.38	+0.022%	$6.1M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	270.21	−0.040%	$221K	$700K	75x	as long as short
Pacifica BCH	+0.0100%	1h	270.30	−0.008%	$171K	$455K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	269.95	−0.137%	$8.9M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	270.70	+0.142%	$19K	$289K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	270.06	−0.096%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	270.14	−0.067%	$786K	$1.7M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0112%	1h	270.42	+0.038%	$808K	$3.2M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0341% / S −0.0467%	1h	270.39	+0.024%	$26K	—	100x	as long as short
ApeX Omni BCHUSDT	+0.0876%	1h	270.85	+0.196%	$74K	$214K	50x	as long as short