Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0165%/8h= +18.0% APRpaid last 24h +0.021%

Price spread now: Lighter against Bybit+0.063%7-day average +0.031% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$400.399% of the position

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now +0.063%, 7d avg +0.031%

Together, before fees+0.022%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.032% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BCHUSDT	265.20	−0.0069	get 0.0069% / 8h	1h 05m	$39.0M	$31.8M	75x
Short	Lighter BCH	265.37	0.0096	get 0.0012% / 1h	5m 40s	$353K	$496K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now +0.063%Rate

Funding earned: $34.57
Price spread: +0.063% → +0.031%: $3.22
Slippage, 4 orders: −$28.92
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$2.13
Costs to cover: 0.399%
Break-even: 7.4 days

Slippage from Bybit: live order book, 3 min ago; Lighter: live order book, 29 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 Bybit live order book, 3 min ago	1.89 bp	10.7 bp −$11	19.8 bp −$198	67.1 bp −$6,714	doesn't fit
Sell Lighter live order book, 29 min ago	4.07 bp	11.0 bp −$11	59.7 bp −$597	149.4 bp −$14.9K	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
SoDEX BCH-USD	−0.0343%	1h	265.28	+0.030%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0167%	8h	265.43	+0.087%	$4.9M	$6.6M	50x	as long as short
HTX BCH-USDT	−0.0149%	8h	265.58	+0.143%	$777K	$1.4M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0103%	1h	265.49	+0.109%	$863K	$2.9M	50x	as long as short
Variational Omni BCH	−0.0094%	8h	265.40	+0.077%	$81K	$196K	—	as long as short
KuCoin BCHUSDTM	−0.0092%	8h	265.47	+0.102%	$8.5M	$6.6M	75x	as long as short
Bitget BCHUSDT	−0.0077%	8h	265.26	+0.023%	$18.9M	$28.3M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0069%	8h	265.10	−0.038%	$25.3M	$77.9M	50x	as long as short
Bybit BCHUSDTlong	−0.0069%	8h	265.20	long leg	$39.0M	$31.8M	75x
Extended BCH-USD	−0.0048%	1h	265.24	+0.014%	$111K	$848K	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	−0.0045%	8h	265.80	+0.226%	$71.0M	$8.8M	200x	as long as short
Binance BCHUSDT	−0.0044%	8h	265.27	+0.026%	$73.0M	$220.0M	75x	as long as short
BingX BCH-USDT	−0.0034%	8h	265.34	+0.053%	—	$32.9M	—	as long as short
GRVT BCH_USDT_Perp	−0.0026%	8h	265.34	+0.053%	$387K	$17K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0017%	1h	265.37	+0.064%	$442K	$337K	25x	as long as short
Nado BCH-PERP	−0.0007%	1h	265.57	+0.139%	$435K	$357K	10x	as long as short
Gate BCH_USDT	−0.0005%	8h	265.44	+0.090%	$8.4M	$13.9M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.63	+0.160%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.47	+0.101%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.88	+0.256%	$987K	$10.5M	2.7x	as long as short
Coinbase International BCH-PERP-INTX	+0.0008%	1h	265.90	+0.264%	$225K	$1.9M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.885%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	265.48	+0.106%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0051%	8h	265.25	+0.017%	$138K	$590K	75x	as long as short
BloFin BCH-USDT	+0.0075%	8h	265.63	+0.162%	$4.0M	$4.5M	50x	as long as short
Lighter BCHshort	+0.0096%	1h	265.37	+0.063%	$353K	$496K	10x
Hyperliquid BCH	+0.0100%	1h	265.49	+0.109%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	265.64	+0.167%	$159K	$311K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.23	+0.010%	$19K	$344K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.33	+0.049%	$95K	$239K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	265.36	+0.060%	$1K	$1.7M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	265.84	+0.241%	$12K	—	100x	as long as short