Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.007%

Price spread now: Lighter against Gate−0.064%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$390.392% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.064%, 7d avg +0.004%

Together, before fees+0.043%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.069% cheaper against Gate than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of +0.004%). If the spread goes back, that is −$7 on $10k: about 2.3 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.063%, 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	Gate BCH_USDT	269.82	−0.0004	get 0.0004% / 8h	1h 25m	$8.4M	$14.8M	75x
Short	Lighter BCH	269.65	0.0096	get 0.0012% / 1h	25m 48s	$377K	$584K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now −0.064%Rate

Funding earned: $21
Price spread: −0.064% → +0.004%: −$6.86
Slippage, 4 orders: −$24.24
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$25.1
Costs to cover: 0.392%
Break-even: 15.4 days

Slippage from Gate: live order book, 3 min ago; Lighter: live order book, 50 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 Gate live order book, 3 min ago	2.41 bp	14.3 bp −$14	21.2 bp −$212	44.5 bp −$4,447	59.4 bp −$29.7K
Sell Lighter live order book, 50 min ago	3.50 bp	9.1 bp −$9	62.2 bp −$622	161.4 bp −$16.1K	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	−0.0887%	1h	269.73	−0.033%	$457K	$265K	25x	as long as short
Phemex BCHUSDT	−0.0183%	8h	269.72	−0.037%	$4.9M	$6.4M	50x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	270.20	+0.141%	$721	$130K	12x	as long as short
SoDEX BCH-USD	−0.0117%	1h	269.57	−0.093%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0094%	8h	270.22	+0.147%	$86K	$291K	—	as long as short
Extended BCH-USD	−0.0056%	1h	269.64	−0.066%	$116K	$653K	25x	as long as short
MEXC BCH_USDT	−0.0054%	8h	270.10	+0.104%	$70.8M	$6.6M	200x	as long as short
Binance BCHUSDT	−0.0054%	8h	269.84	+0.007%	$75.1M	$233.6M	75x	as long as short
Bybit BCHUSDT	−0.0043%	8h	269.65	−0.063%	$39.4M	$32.9M	75x	as long as short
Gate BCH_USDTlong	−0.0004%	8h	269.82	long leg	$8.4M	$14.8M	75x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BCH-USD	0.0000%	1h	270.06	+0.091%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	270.14	+0.119%	$1.3M	$11.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	269.85	+0.013%	$4K	—	150x	as long as short
Bitget BCHUSDT	+0.0004%	8h	269.77	−0.019%	$19.4M	$29.4M	75x	as long as short
GRVT BCH_USDT_Perp	+0.0013%	8h	270.52	+0.258%	$394K	$17K	10x	as long as short
Coinbase International BCH-PERP-INTX	+0.0016%	1h	270.22	+0.148%	$244K	$2.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0025%	8h	269.68	−0.052%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0065%	8h	270.03	+0.078%	$4.0M	$4.2M	50x	as long as short
BingX BCH-USDC	+0.0066%	8h	269.78	−0.015%	—	$6.5M	—	as long as short
OKX BCH-USDT-SWAP	+0.0073%	8h	269.80	−0.007%	$26.4M	$78.1M	50x	as long as short
Lighter BCHshort	+0.0096%	1h	269.65	−0.064%	$377K	$584K	10x
Nado BCH-PERP	+0.0100%	1h	269.78	−0.015%	$444K	$427K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	270.16	+0.126%	$6.0M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	269.67	−0.056%	$220K	$703K	75x	as long as short
Pacifica BCH	+0.0100%	1h	269.92	+0.039%	$164K	$468K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	269.75	−0.026%	$9.2M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	270.50	+0.253%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	270.65	+0.308%	$73K	$213K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	269.44	−0.141%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	269.66	−0.059%	$776K	$1.7M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0113%	1h	269.90	+0.028%	$820K	$3.2M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0342% / S −0.0467%	1h	270.11	+0.108%	$26K	—	100x	as long as short