Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0181%/8h= −19.9% APRpaid last 24h −0.014%

Price spread now: Binance against Lighter+0.030%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.030%, 7d avg −0.011%

Together, before fees−0.075%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.041% dearer against Lighter than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of −0.011%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BCH	265.69	0.0096	pay 0.0012% / 1h	47m 46s	$366K	$478K	10x
Short	Binance BCHUSDT	265.77	−0.0085	pay 0.0085% / 8h	6h 47m	$71.8M	$233.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now +0.030%Rate

Funding earned: −$38.1
Price spread: +0.030% → −0.011%: $4.14
Slippage, 4 orders: −$23.28
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$67.24
Costs to cover: 0.333%
Break-even: never at this rate

Slippage from Lighter: live order book, 12 min ago; Binance: live order book, 11 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 Lighter live order book, 12 min ago	6.36 bp	9.3 bp −$9	68.3 bp −$683	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.19 bp	7.0 bp −$7	26.2 bp −$262	62.5 bp −$6,253	141.1 bp −$70.5K

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	−0.0498%	1h	265.72	+0.013%	$449K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0484%	1h	265.70	+0.004%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0469%	8h	265.66	−0.011%	$4.9M	$6.5M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0299%	1h	265.95	+0.098%	$851K	$3.1M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0218%	8h	265.32	−0.139%	$387K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0189%	1h	265.54	−0.056%	$97K	$226K	50x	as long as short
Gate BCH_USDT	−0.0160%	8h	265.93	+0.090%	$8.4M	$13.2M	75x	as long as short
Variational Omni BCH	−0.0123%	8h	265.51	−0.068%	$81K	$285K	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0112%	1h	266.10	+0.154%	$236K	$2.1M	50x	as long as short
Bybit BCHUSDT	−0.0088%	8h	265.80	+0.041%	$39.1M	$33.2M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0088%	1h	265.78	+0.035%	$112K	$966K	25x	as long as short
Binance BCHUSDTshort	−0.0085%	8h	265.77	+0.030%	$71.8M	$233.7M	75x
MEXC BCH_USDT	−0.0085%	8h	266.18	+0.184%	$69.8M	$6.8M	200x	as long as short
HTX BCH-USDT	−0.0047%	8h	265.90	+0.079%	$777K	$1.6M	75x	as long as short
Bitget BCHUSDT	−0.0031%	8h	265.80	+0.041%	$19.1M	$29.4M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0030%	8h	265.70	+0.004%	$25.9M	$76.7M	50x	as long as short
Nado BCH-PERP	−0.0028%	1h	265.87	+0.068%	$435K	$425K	10x	as long as short
BingX BCH-USDC	−0.0020%	8h	265.77	+0.030%	—	$6.5M	—	as long as short
SunX BCH-USDT	−0.0010%	8h	265.83	+0.053%	$2K	$1.9M	30x	as long as short
dYdX BCH-USD	0.0000%	1h	265.96	+0.103%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.33	+0.241%	$1.1M	$11.0M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.82	+0.051%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	265.68	−0.004%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.697%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0034%	8h	266.13	+0.166%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0040%	1h	266.00	+0.116%	$162K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0075%	8h	265.88	+0.072%	$8.6M	$7.6M	75x	as long as short
Lighter BCHlong	+0.0096%	1h	265.69	long leg	$366K	$478K	10x
Hyperliquid BCH	+0.0100%	1h	265.99	+0.113%	$5.8M	$5.0M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.90	+0.079%	$165K	$688K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.13	−0.213%	$19K	$291K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.73	+0.017%	$25K	—	100x	as long as short