Funding you earn now, next payment 02:00 UTC+0.0199%/8h= +21.8% APRpaid last 24h +0.014%
Price spread now: Lighter against Binance+0.020%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$340.341% of the position
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 4 days (all we have)+0.044%+$4 · spread now +0.020%, 7d avg +0.011%
=Together, before fees+0.025%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.019% in total (about -1.0% 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 | Binance BCHUSDT | 264.93 | −0.0103 | get 0.0103% / 8h | 6h 20m | $71.7M | $229.0M | 75x |
| Short | Lighter BCH | 264.98 | 0.0096 | get 0.0012% / 1h | 20m 30s | $365K | $478K | 10x |
Binance BCHUSDT
Lighter BCHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $41.87
- Price spread: +0.020% → +0.011%
- $0.85
- Slippage, 4 orders
- −$24.05
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $8.66
- Costs to cover
- 0.341%
- Break-even
- 5.6 days
Slippage from Binance: live order book, 8 min ago; Lighter: live order book, 40 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 Binance live order book, 8 min ago | 0.19 bp | 5.9 bp −$6 | 13.2 bp −$132 | 43.6 bp −$4,364 | 132.8 bp −$66.4K |
| Sell Lighter live order book, 40 min ago | 6.36 bp | 10.3 bp −$10 | 86.3 bp −$863 | 204.3 bp −$20.4K | doesn't fit |
BCH on 31 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 | −0.0942% | 8h | 265.56 | +0.239% | $2K | $1.8M | 30x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0608% | 1h | 265.49 | +0.212% | $449K | $255K | 25x | as long as short |
| SoDEX BCH-USD | −0.0541% | 1h | 265.35 | +0.160% | $2K | $6K | 10x | as long as short |
| Phemex BCHUSDT | −0.0462% | 8h | 265.39 | +0.175% | $4.9M | $6.6M | 50x | as long as short |
| HTX BCH-USDT | −0.0341% | 8h | 265.61 | +0.258% | $778K | $1.6M | 75x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0299% | 1h | 265.62 | +0.263% | $852K | $3.1M | 50x | as long as short |
| ApeX Omni BCHUSDT | −0.0196% | 1h | 265.78 | +0.322% | $97K | $227K | 50x | as long as short |
| GRVT BCH_USDT_Perp | −0.0190% | 8h | 265.70 | +0.292% | $387K | $17K | 10x | as long as short |
| Gate BCH_USDT | −0.0143% | 8h | 265.01 | +0.032% | $8.4M | $13.5M | 75x | as long as short |
| Variational Omni BCH | −0.0117% | 8h | 265.40 | +0.179% | $81K | $231K | — | as long as short |
SunX BCH-USDT
Deribit BCH_USDC-PERPETUAL
SoDEX BCH-USD
Phemex BCHUSDT
HTX BCH-USDT
Kraken Futures PF_BCHUSD
ApeX Omni BCHUSDT
GRVT BCH_USDT_Perp
Gate BCH_USDT
Variational Omni BCHShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BCH-PERP-INTX | −0.0112% | 1h | 265.88 | +0.360% | $232K | $2.0M | 50x | as long as short |
| Extended BCH-USD | −0.0104% | 1h | 264.78 | −0.053% | $112K | $964K | 25x | as long as short |
| Binance BCHUSDTlong | −0.0103% | 8h | 264.93 | long leg | $71.7M | $229.0M | 75x | |
| MEXC BCH_USDT | −0.0100% | 8h | 265.34 | +0.156% | $70.0M | $7.0M | 200x | as long as short |
| Bybit BCHUSDT | −0.0075% | 8h | 264.91 | −0.006% | $39.1M | $33.0M | 75x | as long as short |
| OKX BCH-USDT-SWAP | −0.0051% | 8h | 264.90 | −0.010% | $25.2M | $78.0M | 50x | as long as short |
| Bitget BCHUSDT | −0.0044% | 8h | 264.89 | −0.014% | $19.0M | $29.2M | 75x | as long as short |
| Nado BCH-PERP | −0.0041% | 1h | 264.96 | +0.014% | $419K | $380K | 10x | as long as short |
| BingX BCH-USDT | −0.0033% | 8h | 264.90 | −0.010% | — | $32.3M | — | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 265.35 | +0.159% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 266.11 | +0.447% | $1.1M | $10.7M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 265.72 | +0.300% | $4K | — | 150x | as long as short |
| KuCoin BCHUSDTM | +0.0019% | 8h | 265.13 | +0.077% | $8.6M | $7.5M | 75x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +1.991% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0034% | 8h | 265.38 | +0.171% | $2K | $176 | 10x | as long as short |
| Pacifica BCH | +0.0040% | 1h | 264.99 | +0.025% | $161K | $404K | 10x | as long as short |
| Lighter BCHshort | +0.0096% | 1h | 264.98 | +0.020% | $365K | $478K | 10x | |
| Hyperliquid BCH | +0.0100% | 1h | 265.19 | +0.100% | $5.7M | $5.0M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 265.10 | +0.067% | $168K | $697K | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 265.67 | +0.279% | $19K | $291K | 20x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0333% / S −0.0451% | 1h | 265.68 | +0.284% | $25K | — | 100x | as long as short |
Coinbase International BCH-PERP-INTX
Extended BCH-USD
MEXC BCH_USDT
Bybit BCHUSDT
OKX BCH-USDT-SWAP
Bitget BCHUSDT
Nado BCH-PERP
BingX BCH-USDT
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
KuCoin BCHUSDTM
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
Pacifica BCH
Hyperliquid BCH
Aster BCHUSDT
edgeX BCHUSDC
GMX BCH/USD [WBTC.b-USDC]