Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against edgeX−0.078%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.193%−$19 on $10k

Price spread, last 3 days (all we have)−0.003%$0 · spread now −0.078%, 7d avg +0.022%

Together, before fees−0.196%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.101% cheaper against edgeX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BCHUSDC	268.56	0.0100	pay 0.0050% / 4h	2h 07m	$19K	$289K	20x
Short	Lighter BCH	268.35	0.0096	get 0.0012% / 1h	7m 35s	$376K	$581K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$0.84
Price spread: −0.078% → +0.022%: −$10.08
Slippage, 4 orders: −$27.23
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$47.15
Costs to cover: 0.362%
Break-even: never at this rate

Slippage from edgeX: live order book, 15 min ago; Lighter: live order book, 8 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 edgeX live order book, 15 min ago	7.26 bp	11.8 bp −$12	14.7 bp −$147	doesn't fit	doesn't fit
Sell Lighter live order book, 8 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	−0.0468%	1h	268.50	−0.023%	$439K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	268.50	−0.024%	$716	$110K	12x	as long as short
Phemex BCHUSDT	−0.0186%	8h	268.43	−0.050%	$4.9M	$6.2M	50x	as long as short
SoDEX BCH-USD	−0.0147%	1h	268.35	−0.080%	$2K	$6K	10x	as long as short
Extended BCH-USD	−0.0096%	1h	268.12	−0.165%	$115K	$653K	25x	as long as short
Binance BCHUSDT	−0.0093%	8h	268.17	−0.147%	$73.9M	$229.3M	75x	as long as short
MEXC BCH_USDT	−0.0092%	8h	268.92	+0.133%	$71.2M	$6.4M	200x	as long as short
Variational Omni BCH	−0.0070%	8h	268.14	−0.157%	$85K	$291K	—	as long as short
Bitget BCHUSDT	−0.0035%	8h	268.31	−0.094%	$19.9M	$29.0M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	268.88	+0.118%	$242K	$2.1M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0023%	8h	268.31	−0.094%	$8.4M	$14.4M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0016%	8h	268.59	+0.009%	$391K	$17K	10x	as long as short
Bybit BCHUSDT	−0.0002%	8h	268.10	−0.173%	$39.4M	$32.1M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	268.48	−0.030%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.69	+0.047%	$1.1M	$11.3M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.67	+0.038%	$4K	—	150x	as long as short
BingX BCH-USDT	+0.0024%	8h	268.30	−0.098%	—	$32.0M	—	as long as short
BloFin BCH-USDT	+0.0026%	8h	268.57	+0.002%	$4.0M	$4.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0027%	8h	268.43	−0.050%	$2K	$176	10x	as long as short
OKX BCH-USDT-SWAP	+0.0029%	8h	268.10	−0.173%	$26.3M	$76.0M	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	268.67	+0.040%	$805K	$3.2M	50x	as long as short
Lighter BCHshort	+0.0096%	1h	268.35	−0.078%	$376K	$581K	10x
Nado BCH-PERP	+0.0100%	1h	268.15	−0.152%	$439K	$425K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.53	−0.013%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.29	−0.104%	$236K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.31	−0.094%	$169K	$455K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.51	−0.020%	$8.9M	$7.9M	75x	as long as short
edgeX BCHUSDClong	+0.0100%	4h	268.56	long leg	$19K	$289K	20x
ApeX Omni BCHUSDT	+0.0100%	1h	268.79	+0.084%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.24	−0.120%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.37	−0.072%	$773K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0373% / S −0.0574%	1h	268.63	+0.023%	$26K	—	100x	as long as short