Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.010%

Price spread now: Orderly against Lighter−0.116%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Orderly is 0.116% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BCH	261.85	0.0096	pay 0.0012% / 1h	28m 22s	$351K	$495K	10x
Short	Orderly PERP_BCH_USDC	261.55	0.0046	get 0.0046% / 8h	2h 28m	$2K	$176	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.116%Rate

Funding earned: −$10.59
Price spread: −0.116% → 0.000%: −$11.57
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$28.16
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 12 min ago; Orderly: no order-book sample. Net counts fees only.

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	7.77 bp	12.2 bp −$12	77.9 bp −$779	174.5 bp −$17.4K	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0244%	1h	261.64	−0.081%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0231%	8h	261.79	−0.024%	$764K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0162%	8h	261.70	−0.058%	$4.9M	$6.5M	50x	as long as short
Bitget BCHUSDT	−0.0118%	8h	261.59	−0.100%	$18.7M	$28.7M	75x	as long as short
KuCoin BCHUSDTM	−0.0107%	8h	261.74	−0.043%	$8.4M	$6.8M	75x	as long as short
SunX BCH-USDT	−0.0092%	8h	261.54	−0.120%	$2K	$1.7M	30x	as long as short
OKX BCH-USDT-SWAP	−0.0077%	8h	261.40	−0.173%	$24.9M	$76.5M	50x	as long as short
Variational Omni BCH	−0.0076%	8h	262.41	+0.212%	$80K	$196K	—	as long as short
Nado BCH-PERP	−0.0071%	1h	261.79	−0.025%	$427K	$352K	10x	as long as short
Extended BCH-USD	−0.0056%	1h	261.49	−0.137%	$111K	$1.1M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0056%	8h	261.55	−0.116%	$72.3M	$219.8M	75x	as long as short
MEXC BCH_USDT	−0.0055%	8h	262.14	+0.110%	$69.1M	$8.2M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0040%	1h	261.85	−0.001%	$218K	$1.8M	50x	as long as short
Bybit BCHUSDT	−0.0036%	8h	261.50	−0.135%	$38.5M	$31.7M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0029%	8h	262.44	+0.225%	$383K	$17K	10x	as long as short
BingX BCH-USDT	−0.0023%	8h	261.61	−0.093%	—	$32.9M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	261.73	−0.047%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	262.01	+0.061%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	262.86	+0.385%	$982K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	261.73	−0.046%	$436K	$333K	25x	as long as short
Gate BCH_USDT	+0.0004%	8h	261.90	+0.018%	$8.3M	$13.7M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+3.188%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDCshort	+0.0046%	8h	261.55	−0.116%	$2K	$176	10x
Aster BCHUSDT	+0.0063%	8h	261.61	−0.094%	$152K	$555K	75x	as long as short
BloFin BCH-USDT	+0.0065%	8h	262.39	+0.205%	$3.9M	$4.4M	50x	as long as short
Lighter BCHlong	+0.0096%	1h	261.85	long leg	$351K	$495K	10x
Hyperliquid BCH	+0.0100%	1h	262.01	+0.060%	$5.6M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	261.99	+0.051%	$158K	$306K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	262.92	+0.409%	$18K	$331K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	263.08	+0.469%	$96K	$236K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0182%	1h	261.78	−0.029%	$837K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	261.69	−0.063%	$12K	—	100x	as long as short