BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.091%

Price spread now: Deribit against Lighter+0.013%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$370.367% of the position

Long on Lighter Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.149%−$15 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.013%, 7d avg +0.012%

Together, before fees−0.193%+ Points / potential airdropLighter: Season 3 · farm board−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BCH	268.75	0.0096	pay 0.0012% / 1h	31m 57s	$395K	$407K	10x
Short	Deribit BCH_USDC-PERPETUAL	268.79	0	get 0.0000% / 1h	31m 57s	$437K	$371K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$20.16
Price spread: +0.013% → +0.012%: $0.09
Slippage, 4 orders: −$29.74
Fee Lighter: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$56.81
Costs to cover: 0.367%
Break-even: never at this rate

Slippage from Lighter: live order book, 1 min ago; Deribit: live order book, 10 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, 1 min ago	5.36 bp	13.4 bp −$13	71.0 bp −$710	179.0 bp −$17.9K	doesn't fit
Sell Deribit live order book, 10 min ago	4.37 bp	10.0 bp −$10	15.4 bp −$154	doesn't fit	doesn't fit

BCH on 32 exchanges

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	−0.0242%	1h	268.63	−0.045%	$69	$13K	10x	as long as short
Phemex BCHUSDT	−0.0236%	8h	268.74	−0.004%	$4.9M	$6.2M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0127%	8h	268.70	−0.019%	$26.0M	$74.6M	50x	as long as short
Gate BCH_USDT	−0.0108%	8h	268.83	+0.029%	$8.1M	$13.3M	75x	as long as short
Variational Omni BCH	−0.0100%	8h	268.47	−0.104%	$163K	$241K	—	as long as short
Binance BCHUSDT	−0.0089%	8h	268.70	−0.019%	$76.4M	$202.5M	75x	as long as short
Extended BCH-USD	−0.0088%	1h	268.35	−0.149%	$121K	$1.1M	25x	as long as short
MEXC BCH_USDT	−0.0088%	8h	269.27	+0.193%	$74.0M	$10.3M	200x	as long as short
GRVT BCH_USDT_Perp	−0.0083%	8h	268.85	+0.037%	$392K	$17K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0078%	1h	268.93	+0.065%	$909K	$2.4M	50x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BCHUSDT	−0.0027%	8h	268.50	−0.094%	$19.4M	$26.0M	75x	as long as short
Bybit BCHUSDT	−0.0018%	8h	268.75	−0.001%	$40.4M	$31.4M	75x	as long as short
BingX BCH-USDC	−0.0008%	8h	268.59	−0.060%	—	$6.5M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0003% / S +0.0007%	1h	268.90	+0.055%	$17K	—	150x	as long as short
Pacifica BCH	−0.0003%	1h	268.70	−0.018%	$147K	$274K	10x	as long as short
KuCoin BCHUSDTM	−0.0001%	8h	268.68	−0.027%	$8.7M	$5.5M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	268.84	+0.032%	$5K	$154	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.91	+0.059%	$1.1M	$9.0M	2.7x	as long as short
Deribit BCH_USDC-PERPETUALshort	0.0000%	1h	268.79	+0.013%	$437K	$371K	25x
BloFin BCH-USDT	+0.0030%	8h	268.76	+0.003%	$3.7M	$5.6M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.539%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0036%	8h	268.65	−0.038%	$2K	$540	10x	as long as short
Aster BCHUSDT	+0.0039%	8h	268.62	−0.049%	$150K	$517K	75x	as long as short
Nado BCH-PERP	+0.0051%	1h	268.56	−0.072%	$457K	$385K	10x	as long as short
ApeX Omni BCHUSDT	+0.0058%	1h	268.89	+0.051%	$49K	$274K	50x	as long as short
Lighter BCHlong	+0.0096%	1h	268.75	long leg	$395K	$407K	10x
Hyperliquid BCH	+0.0100%	1h	268.89	+0.051%	$7.7M	$8.3M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.69	−0.021%	$19K	$346K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.51	−0.090%	$1K	$1.3M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.62	−0.049%	$788K	$1.2M	75x	as long as short
Coinbase International BCH-PERP-INTX	+0.0184%	1h	268.78	+0.010%	$368K	$2.3M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0245% / S −0.0244%	1h	268.82	+0.025%	$17K	—	100x	as long as short