Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.006%

Price spread now: Lighter against BingX−0.007%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on BingX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.007%, 7d avg +0.007%

Together, before fees−0.037%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.119%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BCH-USDT	266.11	−0.0044	get 0.0044% / 8h	5h 33m	—	$32.1M	—
Short	Lighter BCH	266.09	0.0096	get 0.0012% / 1h	33m 08s	$366K	$477K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BingX. 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 BingXbpFee LighterbpOrdersPrice spread, now −0.007%Rate

Funding earned: $29.4
Price spread: −0.007% → +0.007%: −$1.37
Slippage, 4 orders: −$21.7
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$3.66
Costs to cover: 0.317%
Break-even: 7.9 days

Slippage from BingX: live order book, 6 min ago; Lighter: live order book, 22 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 BingX live order book, 6 min ago	1.70 bp	6.8 bp −$7	7.5 bp −$75	12.1 bp −$1,210	21.1 bp −$10.5K
Sell Lighter live order book, 22 min ago	4.41 bp	11.9 bp −$12	60.2 bp −$602	147.5 bp −$14.7K	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	−0.1677%	8h	265.70	−0.154%	$1K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0526%	8h	265.71	−0.150%	$773K	$1.5M	75x	as long as short
Phemex BCHUSDT	−0.0460%	8h	265.96	−0.056%	$4.9M	$6.6M	50x	as long as short
SoDEX BCH-USD	−0.0326%	1h	265.99	−0.045%	$2K	$8K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0167%	8h	265.87	−0.089%	$388K	$17K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0128%	1h	265.51	−0.225%	$226K	$1.8M	50x	as long as short
Gate BCH_USDT	−0.0125%	8h	265.98	−0.049%	$8.3M	$13.3M	75x	as long as short
Nado BCH-PERP	−0.0124%	1h	265.85	−0.098%	$420K	$339K	10x	as long as short
MEXC BCH_USDT	−0.0113%	8h	266.47	+0.135%	$70.2M	$6.9M	200x	as long as short
Binance BCHUSDT	−0.0112%	8h	266.11	−0.001%	$72.5M	$214.6M	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	−0.0112%	1h	265.83	−0.107%	$116K	$956K	25x	as long as short
Variational Omni BCH	−0.0109%	8h	265.60	−0.192%	$81K	$201K	—	as long as short
OKX BCH-USDT-SWAP	−0.0069%	8h	266.00	−0.041%	$25.3M	$74.2M	50x	as long as short
ApeX Omni BCHUSDT	−0.0069%	1h	265.81	−0.113%	$97K	$227K	50x	as long as short
Bybit BCHUSDT	−0.0061%	8h	266.00	−0.041%	$39.3M	$31.1M	75x	as long as short
KuCoin BCHUSDTM	−0.0060%	8h	265.86	−0.094%	$8.6M	$7.2M	75x	as long as short
Bitget BCHUSDT	−0.0058%	8h	266.04	−0.026%	$19.2M	$28.4M	75x	as long as short
BingX BCH-USDTlong	−0.0044%	8h	266.11	long leg	—	$32.1M	—
Kraken Futures PF_BCHUSD	−0.0031%	1h	266.16	+0.017%	$853K	$3.0M	50x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	266.13	+0.006%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.85	−0.099%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.08	−0.011%	$1.1M	$10.3M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	266.10	−0.002%	$446K	$311K	25x	as long as short
BloFin BCH-USDT	+0.0008%	8h	266.04	−0.026%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0021%	1h	265.80	−0.116%	$162K	$322K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0033%	8h	265.95	−0.060%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.537%	$721	$130K	12x	as long as short
Lighter BCHshort	+0.0096%	1h	266.09	−0.007%	$366K	$477K	10x
Hyperliquid BCH	+0.0100%	1h	266.26	+0.056%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.99	−0.045%	$168K	$519K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.65	−0.172%	$19K	$292K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0357% / S −0.0525%	1h	266.08	−0.013%	$25K	—	100x	as long as short