Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.001%

Price spread now: Lighter against Bitget+0.035%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.035%, 7d avg +0.023%

Together, before fees−0.065%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.073%, 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	Bitget BCHUSDT	270.47	−0.0004	get 0.0004% / 8h	1h 32m	$20.0M	$29.1M	75x
Short	Lighter BCH	270.57	0.0096	get 0.0012% / 1h	32m 20s	$378K	$584K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now +0.035%Rate

Funding earned: $21
Price spread: +0.035% → +0.023%: $1.28
Slippage, 4 orders: −$17.95
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$7.67
Costs to cover: 0.300%
Break-even: 9.6 days

Slippage from Bitget: live order book, 2 min ago; Lighter: live order book, 43 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 Bitget live order book, 2 min ago	0.18 bp	9.1 bp −$9	15.8 bp −$158	36.9 bp −$3,687	doesn't fit
Sell Lighter live order book, 43 min ago	3.50 bp	9.1 bp −$9	62.2 bp −$622	161.4 bp −$16.1K	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
Deribit BCH_USDC-PERPETUAL	−0.1392%	1h	270.53	+0.023%	$459K	$265K	25x	as long as short
Phemex BCHUSDT	−0.0201%	8h	270.49	+0.007%	$5.0M	$6.3M	50x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	270.20	−0.100%	$721	$130K	12x	as long as short
SoDEX BCH-USD	−0.0127%	1h	270.41	−0.022%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0082%	8h	271.12	+0.240%	$86K	$291K	—	as long as short
Binance BCHUSDT	−0.0060%	8h	270.43	−0.015%	$75.3M	$233.1M	75x	as long as short
MEXC BCH_USDT	−0.0059%	8h	271.02	+0.203%	$71.2M	$6.5M	200x	as long as short
Extended BCH-USD	−0.0056%	1h	270.34	−0.048%	$117K	$653K	25x	as long as short
Bybit BCHUSDT	−0.0030%	8h	270.30	−0.063%	$39.5M	$32.9M	75x	as long as short
Gate BCH_USDT	−0.0013%	8h	270.46	−0.004%	$8.4M	$14.7M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BCHUSDTlong	−0.0004%	8h	270.47	long leg	$20.0M	$29.1M	75x
dYdX BCH-USD	0.0000%	1h	270.72	+0.092%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	271.12	+0.240%	$1.3M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	270.56	+0.032%	$4K	—	150x	as long as short
GRVT BCH_USDT_Perp	+0.0014%	8h	271.43	+0.354%	$396K	$17K	10x	as long as short
Coinbase International BCH-PERP-INTX	+0.0016%	1h	270.60	+0.048%	$233K	$2.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0025%	8h	270.37	−0.037%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0060%	8h	270.54	+0.026%	$4.0M	$4.2M	50x	as long as short
BingX BCH-USDC	+0.0063%	8h	270.38	−0.033%	—	$6.5M	—	as long as short
OKX BCH-USDT-SWAP	+0.0065%	8h	270.40	−0.026%	$26.1M	$78.2M	50x	as long as short
Lighter BCHshort	+0.0096%	1h	270.57	+0.035%	$378K	$584K	10x
Nado BCH-PERP	+0.0098%	1h	270.46	−0.003%	$444K	$428K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	270.75	+0.104%	$6.1M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	270.73	+0.096%	$221K	$700K	75x	as long as short
Pacifica BCH	+0.0100%	1h	270.65	+0.067%	$164K	$468K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	270.57	+0.037%	$9.2M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	271.34	+0.321%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	271.52	+0.388%	$74K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	270.39	−0.030%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	270.46	−0.004%	$783K	$1.7M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0112%	1h	270.75	+0.104%	$816K	$3.2M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0342% / S −0.0467%	1h	270.99	+0.191%	$26K	—	100x	as long as short