Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0114%/8h= +12.5% APRpaid last 24h +0.007%

Price spread now: Lighter against Gate+0.026%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

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

costs, in and out, $10k−$390.393% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.026%, 7d avg +0.005%

Together, before fees−0.057%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.021% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.005%. Mind the row above: over the last 7 days funding on this pair cost −0.064%, 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	Gate BCH_USDT	268.89	−0.0018	get 0.0018% / 8h	2h 22m	$8.4M	$14.4M	75x
Short	Lighter BCH	268.96	0.0096	get 0.0012% / 1h	22m 08s	$377K	$581K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now +0.026%Rate

Funding earned: $23.94
Price spread: +0.026% → +0.005%: $2.15
Slippage, 4 orders: −$24.26
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$13.17
Costs to cover: 0.393%
Break-even: 10.9 days

Slippage from Gate: live order book, 1 min ago; Lighter: live order book, 62 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 Gate live order book, 1 min ago	2.42 bp	13.2 bp −$13	19.6 bp −$196	33.0 bp −$3,295	45.5 bp −$22.7K
Sell Lighter live order book, 62 min ago	4.65 bp	8.5 bp −$8	59.8 bp −$598	170.4 bp −$17.0K	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
Injective BCH/USDC PERP	−0.0304%	1h	268.50	−0.145%	$716	$110K	12x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0281%	1h	269.00	+0.042%	$440K	$247K	25x	as long as short
Phemex BCHUSDT	−0.0206%	8h	268.88	−0.004%	$4.9M	$6.3M	50x	as long as short
SoDEX BCH-USD	−0.0133%	1h	268.89	0.000%	$2K	$6K	10x	as long as short
MEXC BCH_USDT	−0.0105%	8h	269.55	+0.245%	$71.5M	$6.4M	200x	as long as short
Extended BCH-USD	−0.0104%	1h	268.82	−0.027%	$105K	$643K	25x	as long as short
Binance BCHUSDT	−0.0104%	8h	268.88	−0.004%	$74.1M	$229.3M	75x	as long as short
Variational Omni BCH	−0.0076%	8h	268.64	−0.093%	$85K	$291K	—	as long as short
Bitget BCHUSDT	−0.0043%	8h	268.88	−0.004%	$19.9M	$28.9M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0038%	8h	268.15	−0.275%	$391K	$17K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BCHUSDT	−0.0031%	8h	268.90	+0.004%	$39.5M	$32.1M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	268.82	−0.026%	$246K	$2.1M	50x	as long as short
Gate BCH_USDTlong	−0.0018%	8h	268.89	long leg	$8.4M	$14.4M	75x
dYdX BCH-USD	0.0000%	1h	268.96	+0.025%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.49	+0.223%	$1.1M	$11.3M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	269.01	+0.045%	$4K	—	150x	as long as short
BingX BCH-USDC	+0.0002%	8h	268.97	+0.030%	—	$6.5M	—	as long as short
BloFin BCH-USDT	+0.0014%	8h	268.82	−0.026%	$4.0M	$4.1M	50x	as long as short
OKX BCH-USDT-SWAP	+0.0014%	8h	268.90	+0.004%	$26.4M	$76.2M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	268.89	0.000%	$2K	$176	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	269.19	+0.110%	$807K	$3.2M	50x	as long as short
Nado BCH-PERP	+0.0093%	1h	268.72	−0.063%	$440K	$425K	10x	as long as short
Lighter BCHshort	+0.0096%	1h	268.96	+0.026%	$377K	$581K	10x
Hyperliquid BCH	+0.0100%	1h	269.10	+0.078%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.92	+0.013%	$235K	$660K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.86	−0.011%	$170K	$461K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.96	+0.026%	$8.9M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.14	−0.280%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.22	−0.249%	$73K	$213K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.75	−0.052%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.67	−0.082%	$774K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0373% / S −0.0574%	1h	269.02	+0.049%	$26K	—	100x	as long as short