Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0193%/8h= +21.1% APRpaid last 24h +0.002%

Price spread now: Lighter against KuCoin−0.017%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$480.475% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.132%−$13 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.017%, 7d avg −0.013%

Together, before fees−0.095%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.132%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.132% in total (about -6.9% a year). A funding rate is set anew for every payment. 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	KuCoin BCHUSDTM	264.63	−0.0097	get 0.0097% / 8h	3h 18m	$8.5M	$6.9M	75x
Short	Lighter BCH	264.58	0.0096	get 0.0012% / 1h	18m 34s	$355K	$495K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now −0.017%Rate

Funding earned: $40.53
Price spread: −0.017% → −0.013%: −$0.41
Slippage, 4 orders: −$35.53
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$7.42
Costs to cover: 0.475%
Break-even: 8.3 days

Slippage from KuCoin: live order book, 5 min ago; Lighter: live order book, 26 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 KuCoin live order book, 5 min ago	1.71 bp	16.0 bp −$16	62.6 bp −$626	doesn't fit	doesn't fit
Sell Lighter live order book, 26 min ago	3.11 bp	9.5 bp −$10	62.3 bp −$623	168.3 bp −$16.8K	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	−0.0282%	1h	264.65	+0.008%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0242%	8h	264.62	−0.004%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0239%	8h	264.43	−0.076%	$771K	$1.4M	75x	as long as short
Nado BCH-PERP	−0.0184%	1h	264.45	−0.067%	$429K	$347K	10x	as long as short
SunX BCH-USDT	−0.0179%	8h	264.40	−0.087%	$2K	$1.7M	30x	as long as short
KuCoin BCHUSDTMlong	−0.0097%	8h	264.63	long leg	$8.5M	$6.9M	75x
OKX BCH-USDT-SWAP	−0.0088%	8h	264.50	−0.049%	$25.1M	$76.1M	50x	as long as short
Bitget BCHUSDT	−0.0084%	8h	264.44	−0.072%	$18.9M	$28.2M	75x	as long as short
Extended BCH-USD	−0.0072%	1h	264.32	−0.116%	$112K	$993K	25x	as long as short
Binance BCHUSDT	−0.0068%	8h	264.51	−0.045%	$71.8M	$215.8M	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	−0.0068%	8h	265.01	+0.144%	$70.1M	$7.9M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	264.31	−0.121%	$217K	$1.8M	50x	as long as short
Variational Omni BCH	−0.0061%	8h	264.60	−0.010%	$81K	$196K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0051%	1h	264.87	+0.089%	$857K	$3.0M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0046%	8h	264.81	+0.067%	$386K	$17K	10x	as long as short
Gate BCH_USDT	−0.0036%	8h	264.53	−0.038%	$8.3M	$13.7M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.74	+0.041%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.75	+0.046%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.01	+0.144%	$993K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.76	+0.048%	$443K	$331K	25x	as long as short
Bybit BCHUSDT	+0.0015%	8h	264.47	−0.060%	$39.0M	$31.3M	75x	as long as short
BingX BCH-USDT	+0.0018%	8h	264.50	−0.049%	—	$32.9M	—	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.105%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.55	−0.030%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0052%	8h	264.70	+0.026%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0083%	8h	264.53	−0.039%	$150K	$546K	75x	as long as short
Lighter BCHshort	+0.0096%	1h	264.58	−0.017%	$355K	$495K	10x
Hyperliquid BCH	+0.0100%	1h	264.81	+0.070%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	264.56	−0.027%	$159K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.53	−0.038%	$18K	$322K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.99	+0.136%	$96K	$234K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0358% / S −0.0530%	1h	264.74	+0.043%	$25K	—	100x	as long as short