Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0184%/8h= −20.1% APRpaid last 24h −0.002%

Price spread now: KuCoin against Lighter−0.027%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$550.549% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.135%+$14 on $10k

Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.027%, 7d avg +0.013%

Together, before fees+0.163%+ Points / potential airdropLighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and KuCoin is 0.040% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.013%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.135%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BCH	265.36	0.0096	pay 0.0012% / 1h	14m 09s	$358K	$489K	10x
Short	KuCoin BCHUSDTM	265.29	−0.0088	pay 0.0088% / 8h	4h 14m	$8.5M	$7.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$38.64
Price spread: −0.027% → +0.013%: −$3.97
Slippage, 4 orders: −$42.89
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$97.5
Costs to cover: 0.549%
Break-even: never at this rate

Slippage from Lighter: live order book, 36 min ago; KuCoin: live order book, 4 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, 36 min ago	6.09 bp	9.5 bp −$10	81.6 bp −$816	195.1 bp −$19.5K	doesn't fit
Sell KuCoin live order book, 4 min ago	2.26 bp	16.6 bp −$17	61.5 bp −$615	doesn't fit	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
SunX BCH-USDT	−0.0443%	8h	265.35	−0.004%	$2K	$1.7M	30x	as long as short
Phemex BCHUSDT	−0.0291%	8h	265.39	+0.011%	$4.9M	$6.4M	50x	as long as short
Nado BCH-PERP	−0.0246%	1h	265.56	+0.077%	$432K	$342K	10x	as long as short
HTX BCH-USDT	−0.0239%	8h	265.40	+0.015%	$774K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0212%	1h	265.35	−0.004%	$2K	$8K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	265.29	−0.027%	$219K	$1.8M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0091%	8h	265.30	−0.023%	$25.0M	$74.9M	50x	as long as short
KuCoin BCHUSDTMshort	−0.0088%	8h	265.29	−0.027%	$8.5M	$7.0M	75x
Binance BCHUSDT	−0.0081%	8h	265.36	0.000%	$72.2M	$214.3M	75x	as long as short
Extended BCH-USD	−0.0080%	1h	265.19	−0.066%	$112K	$956K	25x	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	−0.0080%	8h	265.78	+0.158%	$70.5M	$7.9M	200x	as long as short
Variational Omni BCH	−0.0075%	8h	265.30	−0.022%	$81K	$199K	—	as long as short
Bitget BCHUSDT	−0.0070%	8h	265.26	−0.038%	$19.0M	$28.1M	75x	as long as short
Gate BCH_USDT	−0.0059%	8h	265.40	+0.015%	$8.4M	$13.6M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0055%	8h	265.55	+0.071%	$387K	$17K	10x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.33	−0.011%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.68	+0.122%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.43	+0.026%	$1.0M	$10.3M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.41	+0.019%	$444K	$331K	25x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	265.52	+0.061%	$852K	$3.0M	50x	as long as short
BingX BCH-USDC	+0.0015%	8h	265.36	0.000%	—	$6.5M	—	as long as short
Bybit BCHUSDT	+0.0021%	8h	265.30	−0.023%	$39.2M	$31.0M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.824%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0038%	8h	265.23	−0.049%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0039%	8h	265.43	+0.026%	$3.9M	$4.3M	50x	as long as short
Pacifica BCH	+0.0077%	1h	265.63	+0.101%	$160K	$304K	10x	as long as short
Lighter BCHlong	+0.0096%	1h	265.36	long leg	$358K	$489K	10x
Hyperliquid BCH	+0.0100%	1h	265.64	+0.105%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.40	+0.016%	$167K	$516K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.40	+0.016%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.56	+0.075%	$97K	$230K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0350% / S −0.0506%	1h	265.27	−0.036%	$24K	—	100x	as long as short