Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0115%/8h= −12.6% APRpaid last 24h −0.006%

Price spread now: BingX against Lighter+0.008%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on Lighter Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 4 days (all we have)−0.035%−$3 · spread now +0.008%, 7d avg −0.006%

Together, before fees+0.082%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.117%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BCH	264.10	0.0096	pay 0.0012% / 1h	41m 11s	$361K	$484K	10x
Short	BingX BCH-USDT	264.12	−0.0019	pay 0.0019% / 8h	4h 41m	—	$32.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$24.15
Price spread: +0.008% → −0.006%: $1.48
Slippage, 4 orders: −$22.05
Fee Lighter: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$54.73
Costs to cover: 0.321%
Break-even: never at this rate

Slippage from Lighter: live order book, 9 min ago; BingX: live order book, 13 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, 9 min ago	6.09 bp	9.5 bp −$10	81.6 bp −$816	195.1 bp −$19.5K	doesn't fit
Sell BingX live order book, 13 min ago	0.57 bp	5.6 bp −$6	5.8 bp −$58	10.5 bp −$1,046	20.3 bp −$10.2K

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	−0.0708%	8h	263.70	−0.151%	$1K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0319%	8h	263.95	−0.056%	$770K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0284%	8h	264.00	−0.037%	$4.9M	$6.4M	50x	as long as short
SoDEX BCH-USD	−0.0268%	1h	264.05	−0.018%	$2K	$8K	10x	as long as short
Nado BCH-PERP	−0.0232%	1h	263.71	−0.146%	$423K	$340K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0113%	8h	263.84	−0.096%	$385K	$17K	10x	as long as short
Extended BCH-USD	−0.0104%	1h	263.89	−0.079%	$114K	$950K	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	264.08	−0.007%	$219K	$1.8M	50x	as long as short
Binance BCHUSDT	−0.0103%	8h	264.12	+0.008%	$71.9M	$213.6M	75x	as long as short
MEXC BCH_USDT	−0.0103%	8h	264.51	+0.156%	$70.0M	$7.5M	200x	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	−0.0096%	8h	264.17	+0.027%	$8.3M	$13.5M	75x	as long as short
KuCoin BCHUSDTM	−0.0095%	8h	263.93	−0.064%	$8.5M	$7.1M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0094%	8h	264.10	+0.001%	$24.9M	$74.3M	50x	as long as short
Variational Omni BCH	−0.0085%	8h	263.60	−0.188%	$81K	$201K	—	as long as short
Bitget BCHUSDT	−0.0078%	8h	264.04	−0.022%	$19.0M	$28.1M	75x	as long as short
ApeX Omni BCHUSDT	−0.0050%	1h	263.82	−0.105%	$96K	$228K	50x	as long as short
Bybit BCHUSDT	−0.0020%	8h	264.10	+0.001%	$39.0M	$30.9M	75x	as long as short
BingX BCH-USDTshort	−0.0019%	8h	264.12	+0.008%	—	$32.1M	—
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.09	−0.003%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.96	−0.051%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.20	+0.039%	$1.0M	$10.2M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.20	+0.040%	$442K	$331K	25x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	264.26	+0.061%	$847K	$3.0M	50x	as long as short
BloFin BCH-USDT	+0.0017%	8h	264.13	+0.012%	$3.9M	$4.2M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.311%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0034%	8h	264.06	−0.014%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	263.84	−0.098%	$160K	$306K	10x	as long as short
Lighter BCHlong	+0.0096%	1h	264.10	long leg	$361K	$484K	10x
Hyperliquid BCH	+0.0100%	1h	264.49	+0.148%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	264.03	−0.024%	$166K	$520K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.10	0.000%	$19K	$288K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0356% / S −0.0525%	1h	264.07	−0.010%	$25K	—	100x	as long as short