BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0184%/8h= +20.1% APRnext payment +$0.23 per $10,000 · paid last 24h +0.022%

Price spread now: Lighter against Extended+0.094%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.094%, 7d avg +0.064%

Together, before fees+0.028%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Lighter is 0.029% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.064%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.23 per $10,000. 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	Extended BCH-USD	264.50	−0.0088	get 0.0011% / 1h	23m 02s	$115K	$950K	25x
Short	Lighter BCH	264.75	0.0096	get 0.0012% / 1h	23m 02s	$358K	$488K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Extended. 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 ExtendedbpFee LighterbpOrdersPrice spread, now +0.094%Rate

Funding earned: $38.64
Price spread: +0.094% → +0.064%: $2.93
Slippage, 4 orders: −$29.75
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: $6.83
Costs to cover: 0.347%
Break-even: 5.8 days

Slippage from Extended: live order book, 35 min ago; Lighter: live order book, 27 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 Extended live order book, 35 min ago	0.95 bp	7.2 bp −$7	90.0 bp −$900	doesn't fit	doesn't fit
Sell Lighter live order book, 27 min ago	6.09 bp	10.8 bp −$11	56.1 bp −$561	150.7 bp −$15.1K	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
SunX BCH-USDT	−0.0520%	8h	264.47	−0.012%	$1K	$1.7M	30x	as long as short
Phemex BCHUSDT	−0.0278%	8h	264.62	+0.044%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0258%	8h	264.42	−0.031%	$771K	$1.4M	75x	as long as short
Nado BCH-PERP	−0.0254%	1h	264.64	+0.051%	$431K	$342K	10x	as long as short
SoDEX BCH-USD	−0.0198%	1h	264.68	+0.067%	$2K	$8K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	265.29	+0.298%	$219K	$1.8M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0096%	8h	264.60	+0.037%	$24.9M	$74.6M	50x	as long as short
KuCoin BCHUSDTM	−0.0090%	8h	264.76	+0.097%	$8.5M	$7.0M	75x	as long as short
Binance BCHUSDT	−0.0089%	8h	264.73	+0.086%	$72.0M	$214.2M	75x	as long as short
MEXC BCH_USDT	−0.0089%	8h	265.12	+0.233%	$70.2M	$7.8M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USDlong	−0.0088%	1h	264.50	long leg	$115K	$950K	25x
Gate BCH_USDT	−0.0078%	8h	264.76	+0.097%	$8.3M	$13.6M	75x	as long as short
Variational Omni BCH	−0.0078%	8h	265.10	+0.226%	$81K	$201K	—	as long as short
GRVT BCH_USDT_Perp	−0.0076%	8h	265.47	+0.366%	$387K	$17K	10x	as long as short
Bitget BCHUSDT	−0.0074%	8h	264.61	+0.041%	$19.0M	$28.1M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0041%	1h	264.71	+0.080%	$443K	$331K	25x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.73	+0.086%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.75	+0.092%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.89	+0.146%	$1.0M	$10.3M	2.7x	as long as short
BingX BCH-USDC	+0.0008%	8h	264.73	+0.086%	—	$6.5M	—	as long as short
Bybit BCHUSDT	+0.0009%	8h	264.60	+0.037%	$39.1M	$31.0M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	264.90	+0.150%	$849K	$3.0M	50x	as long as short
BloFin BCH-USDT	+0.0031%	8h	264.76	+0.097%	$3.9M	$4.3M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.154%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0037%	8h	264.63	+0.048%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	264.78	+0.105%	$159K	$307K	10x	as long as short
Lighter BCHshort	+0.0096%	1h	264.75	+0.094%	$358K	$488K	10x
Aster BCHUSDT	+0.0099%	8h	264.55	+0.018%	$166K	$516K	75x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.97	+0.177%	$5.7M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.13	+0.238%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.32	+0.309%	$97K	$230K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0350% / S −0.0506%	1h	264.72	+0.081%	$24K	—	100x	as long as short