Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0137%/8h= −15.0% APRpaid last 24h −0.014%

Price spread now: Binance against Lighter−0.023%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$390.387% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.023%, 7d avg −0.011%

Together, before fees−0.023%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BCH	265.37	0.0096	pay 0.0012% / 1h	11m 48s	$354K	$497K	10x
Short	Binance BCHUSDT	265.31	−0.0041	pay 0.0041% / 8h	2h 11m	$73.1M	$220.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now −0.023%Rate

Funding earned: −$28.85
Price spread: −0.023% → −0.011%: −$1.27
Slippage, 4 orders: −$28.69
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$68.81
Costs to cover: 0.387%
Break-even: never at this rate

Slippage from Lighter: live order book, 28 min ago; Binance: live order book, 2 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 Lighter live order book, 28 min ago	7.77 bp	12.2 bp −$12	77.9 bp −$779	174.5 bp −$17.4K	doesn't fit
Sell Binance live order book, 2 min ago	0.19 bp	6.7 bp −$7	16.3 bp −$163	54.6 bp −$5,460	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	−0.0212%	1h	265.28	−0.033%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0204%	8h	265.29	−0.029%	$773K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0186%	8h	265.29	−0.029%	$5.0M	$6.6M	50x	as long as short
Bitget BCHUSDT	−0.0098%	8h	265.28	−0.033%	$19.0M	$28.6M	75x	as long as short
KuCoin BCHUSDTM	−0.0089%	8h	265.47	+0.038%	$8.5M	$6.8M	75x	as long as short
Variational Omni BCH	−0.0070%	8h	264.21	−0.438%	$81K	$196K	—	as long as short
OKX BCH-USDT-SWAP	−0.0063%	8h	265.20	−0.063%	$25.3M	$78.1M	50x	as long as short
SunX BCH-USDT	−0.0050%	8h	265.14	−0.086%	$1K	$1.7M	30x	as long as short
MEXC BCH_USDT	−0.0042%	8h	265.71	+0.129%	$70.8M	$8.4M	200x	as long as short
Binance BCHUSDTshort	−0.0041%	8h	265.31	−0.023%	$73.1M	$220.8M	75x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado BCH-PERP	−0.0040%	1h	265.20	−0.063%	$437K	$355K	10x	as long as short
Extended BCH-USD	−0.0040%	1h	265.18	−0.072%	$115K	$1.1M	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0040%	1h	265.26	−0.041%	$220K	$1.9M	50x	as long as short
Bybit BCHUSDT	−0.0021%	8h	265.30	−0.026%	$39.0M	$31.8M	75x	as long as short
BingX BCH-USDT	−0.0017%	8h	265.32	−0.018%	—	$32.9M	—	as long as short
GRVT BCH_USDT_Perp	−0.0011%	8h	264.56	−0.304%	$386K	$17K	10x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.43	+0.024%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.44	+0.026%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.54	+0.065%	$985K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.42	+0.020%	$442K	$333K	25x	as long as short
Gate BCH_USDT	+0.0032%	8h	265.34	−0.011%	$8.4M	$13.9M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.821%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	265.29	−0.029%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0068%	8h	265.30	−0.024%	$154K	$564K	75x	as long as short
BloFin BCH-USDT	+0.0077%	8h	265.22	−0.056%	$4.0M	$4.5M	50x	as long as short
Lighter BCHlong	+0.0096%	1h	265.37	long leg	$354K	$497K	10x
Hyperliquid BCH	+0.0100%	1h	265.56	+0.072%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	265.31	−0.021%	$159K	$309K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.47	−0.339%	$18K	$349K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.59	−0.293%	$95K	$237K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0179%	1h	265.41	+0.018%	$850K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	265.43	+0.022%	$12K	—	100x	as long as short