Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0147%/8h= +16.1% APRpaid last 24h +0.029%

Price spread now: Lighter against Binance+0.024%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.024%, 7d avg +0.011%

Together, before fees+0.017%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BCHUSDT	267.00	−0.0051	get 0.0051% / 8h	7h 35m	$73.8M	$216.1M	75x
Short	Lighter BCH	267.06	0.0096	get 0.0012% / 1h	35m 49s	$376K	$495K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now +0.024%Rate

Funding earned: $30.94
Price spread: +0.024% → +0.011%: $1.35
Slippage, 4 orders: −$22.56
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$0.28
Costs to cover: 0.326%
Break-even: 7.1 days

Slippage from Binance: live order book, 8 min ago; Lighter: live order book, 54 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 Binance live order book, 8 min ago	0.19 bp	8.3 bp −$8	18.4 bp −$184	55.3 bp −$5,527	doesn't fit
Sell Lighter live order book, 54 min ago	3.74 bp	9.6 bp −$10	68.7 bp −$687	174.0 bp −$17.4K	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
SoDEX BCH-USD	−0.0368%	1h	266.95	−0.019%	$2K	$8K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0192%	8h	267.51	+0.191%	$390K	$17K	10x	as long as short
Phemex BCHUSDT	−0.0178%	8h	266.94	−0.022%	$4.9M	$6.5M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0158%	1h	267.17	+0.064%	$867K	$2.7M	50x	as long as short
Variational Omni BCH	−0.0129%	8h	266.91	−0.035%	$149K	$262K	—	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0106%	1h	267.03	+0.011%	$419K	$359K	25x	as long as short
OKX BCH-USDT-SWAP	−0.0092%	8h	266.70	−0.112%	$25.2M	$78.3M	50x	as long as short
KuCoin BCHUSDTM	−0.0074%	8h	266.91	−0.034%	$8.5M	$6.2M	75x	as long as short
Bitget BCHUSDT	−0.0071%	8h	266.87	−0.049%	$19.2M	$27.2M	75x	as long as short
Gate BCH_USDT	−0.0065%	8h	266.99	−0.004%	$8.3M	$12.9M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0052%	8h	267.44	+0.165%	$71.8M	$9.2M	200x	as long as short
Binance BCHUSDTlong	−0.0051%	8h	267.00	long leg	$73.8M	$216.1M	75x
Extended BCH-USD	−0.0048%	1h	266.77	−0.087%	$119K	$912K	25x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	267.13	+0.047%	$15K	—	150x	as long as short
Pacifica BCH	−0.0002%	1h	267.17	+0.062%	$155K	$296K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	267.37	+0.138%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.33	+0.124%	$1.0M	$9.1M	2.7x	as long as short
Aster BCHUSDT	+0.0009%	8h	267.25	+0.092%	$144K	$574K	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.199%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0044%	8h	266.96	−0.015%	$2K	—	10x	as long as short
BloFin BCH-USDT	+0.0067%	8h	267.66	+0.247%	$3.6M	$5.0M	50x	as long as short
Bybit BCHUSDT	+0.0072%	8h	266.90	−0.037%	$39.5M	$32.2M	75x	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	268.36	+0.509%	$304K	$2.1M	50x	as long as short
Lighter BCHshort	+0.0096%	1h	267.06	+0.024%	$376K	$495K	10x
Nado BCH-PERP	+0.0100%	1h	266.94	−0.020%	$429K	$352K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.22	+0.083%	$5.8M	$4.7M	10x	as long as short
BingX BCH-USDT	+0.0100%	8h	266.91	−0.034%	—	$15.2M	—	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.51	+0.193%	$19K	$345K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	267.70	+0.262%	$96K	$241K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.93	−0.026%	$2K	$1.6M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.27	+0.101%	$779K	$1.4M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	267.12	+0.044%	$12K	—	100x	as long as short