Funding you earn now, next payment 01:00 UTC+0.0208%/8h= +22.8% APRnext payment +$0.26 per $10,000 · paid last 24h +0.021%
Price spread now: Lighter against Coinbase International−0.207%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$440.445% of the position
Funding, last 7 days−0.044%−$4 on $10k
+Price spread, last 3 days (all we have)+0.266%+$27 · spread now −0.207%, 7d avg −0.027%
=Together, before fees+0.222%+ Points / potential airdropLighter: Season 3 · farm board+$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.180% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.207% now, against its 7-day average of −0.027%). If the spread goes back, that is −$18 on $10k: about 2.9 days of funding at the current rate (+$6 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.044% in total (about -2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 per $10,000. 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 | Coinbase International BCH-PERP-INTX | 266.10 | −0.0112 | get 0.0014% / 1h | 43m 57s | $236K | $2.1M | 50x |
| Short | Lighter BCH | 265.55 | 0.0096 | get 0.0012% / 1h | 43m 57s | $366K | $478K | 10x |
Coinbase International BCH-PERP-INTX
Lighter BCHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Coinbase International. 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
- $43.68
- Price spread: −0.207% → −0.027%
- −$18.04
- Slippage, 4 orders
- −$34.47
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$18.83
- Costs to cover
- 0.445%
- Break-even
- 10.0 days
Slippage from Coinbase International: live order book, 5 min ago; Lighter: live order book, 16 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 Coinbase International live order book, 5 min ago | 5.83 bp | 14.1 bp −$14 | 19.1 bp −$191 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 16 min ago | 6.36 bp | 10.3 bp −$10 | 86.3 bp −$863 | 204.3 bp −$20.4K | 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 | −0.0500% | 1h | 265.56 | −0.203% | $2K | $6K | 10x | as long as short |
| Phemex BCHUSDT | −0.0398% | 8h | 265.62 | −0.180% | $4.9M | $6.5M | 50x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0299% | 1h | 265.83 | −0.103% | $850K | $3.1M | 50x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0235% | 1h | 265.61 | −0.185% | $449K | $266K | 25x | as long as short |
| GRVT BCH_USDT_Perp | −0.0195% | 8h | 266.22 | +0.044% | $388K | $17K | 10x | as long as short |
| Gate BCH_USDT | −0.0158% | 8h | 265.63 | −0.177% | $8.4M | $13.2M | 75x | as long as short |
| ApeX Omni BCHUSDT | −0.0156% | 1h | 265.88 | −0.083% | $97K | $227K | 50x | as long as short |
| Variational Omni BCH | −0.0125% | 8h | 265.41 | −0.260% | $81K | $285K | — | as long as short |
| Coinbase International BCH-PERP-INTXlong | −0.0112% | 1h | 266.10 | long leg | $236K | $2.1M | 50x | |
| Binance BCHUSDT | −0.0090% | 8h | 265.64 | −0.173% | $71.8M | $233.5M | 75x | as long as short |
SoDEX BCH-USD
Phemex BCHUSDT
Kraken Futures PF_BCHUSD
Deribit BCH_USDC-PERPETUAL
GRVT BCH_USDT_Perp
Gate BCH_USDT
ApeX Omni BCHUSDT
Variational Omni BCH
Binance BCHUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BCH-USD | −0.0088% | 1h | 265.48 | −0.232% | $112K | $965K | 25x | as long as short |
| MEXC BCH_USDT | −0.0088% | 8h | 265.87 | −0.086% | $69.7M | $6.8M | 200x | as long as short |
| Bybit BCHUSDT | −0.0074% | 8h | 265.60 | −0.188% | $39.1M | $33.2M | 75x | as long as short |
| HTX BCH-USDT | −0.0059% | 8h | 265.10 | −0.376% | $775K | $1.6M | 75x | as long as short |
| SunX BCH-USDT | −0.0050% | 8h | 265.00 | −0.413% | $2K | $1.9M | 30x | as long as short |
| Bitget BCHUSDT | −0.0034% | 8h | 265.59 | −0.192% | $19.0M | $29.4M | 75x | as long as short |
| Nado BCH-PERP | −0.0031% | 1h | 265.35 | −0.283% | $434K | $425K | 10x | as long as short |
| OKX BCH-USDT-SWAP | −0.0030% | 8h | 265.60 | −0.188% | $25.9M | $76.6M | 50x | as long as short |
| BingX BCH-USDT | −0.0023% | 8h | 265.57 | −0.199% | — | $32.3M | — | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 265.25 | −0.318% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 265.75 | −0.132% | $1.1M | $11.0M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 265.54 | −0.212% | $4K | — | 150x | as long as short |
| Orderly PERP_BCH_USDC | +0.0029% | 8h | 265.46 | −0.241% | $2K | $176 | 10x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +1.541% | $721 | $130K | 12x | as long as short |
| BloFin BCH-USDT | +0.0034% | 8h | 266.13 | +0.011% | $3.9M | $4.2M | 50x | as long as short |
| Pacifica BCH | +0.0040% | 1h | 265.20 | −0.337% | $161K | $407K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0066% | 8h | 265.48 | −0.233% | $8.6M | $7.6M | 75x | as long as short |
| Lighter BCHshort | +0.0096% | 1h | 265.55 | −0.207% | $366K | $478K | 10x | |
| Hyperliquid BCH | +0.0100% | 1h | 265.83 | −0.101% | $5.8M | $5.0M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 265.52 | −0.218% | $165K | $688K | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 265.61 | −0.186% | $19K | $292K | 20x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0333% / S −0.0451% | 1h | 265.45 | −0.244% | $25K | — | 100x | as long as short |
Extended BCH-USD
MEXC BCH_USDT
Bybit BCHUSDT
HTX BCH-USDT
SunX BCH-USDT
Bitget BCHUSDT
Nado BCH-PERP
OKX BCH-USDT-SWAP
BingX BCH-USDT
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Orderly PERP_BCH_USDC
Injective BCH/USDC PERP
BloFin BCH-USDT
Pacifica BCH
KuCoin BCHUSDTM
Hyperliquid BCH
Aster BCHUSDT
edgeX BCHUSDC
GMX BCH/USD [WBTC.b-USDC]