BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0120%/8h= −13.1% APRnext payment −$0.15 per $10,000 · paid last 24h −0.018%

Price spread now: Coinbase International against Lighter+0.102%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

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

costs, in and out, $10k−$400.400% of the position

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 3 days (all we have)−0.298%−$30 · spread now +0.102%, 7d avg +0.025%

Together, before fees−0.239%+ Points / potential airdropLighter: Season 3 · farm board−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.077% dearer against Lighter than usual: you sell high and buy low (spread +0.102% now, against its 7-day average of +0.025%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.059%, 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	268.54	0.0096	pay 0.0012% / 1h	8m 24s	$376K	$581K	10x
Short	Coinbase International BCH-PERP-INTX	268.81	−0.0024	pay 0.0003% / 1h	8m 24s	$242K	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.102%Rate

Funding earned: −$25.2
Price spread: +0.102% → +0.025%: $7.69
Slippage, 4 orders: −$30.02
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$57.53
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from Lighter: live order book, 7 min ago; Coinbase International: live order book, 5 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, 7 min ago	3.50 bp	3.5 bp −$3	50.1 bp −$501	166.7 bp −$16.7K	doesn't fit
Sell Coinbase International live order book, 5 min ago	4.66 bp	13.5 bp −$14	19.2 bp −$192	doesn't fit	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	−0.0438%	1h	268.68	+0.052%	$439K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	268.50	−0.014%	$716	$110K	12x	as long as short
Phemex BCHUSDT	−0.0189%	8h	268.61	+0.027%	$4.9M	$6.2M	50x	as long as short
SoDEX BCH-USD	−0.0143%	1h	268.51	−0.010%	$2K	$6K	10x	as long as short
Extended BCH-USD	−0.0096%	1h	268.40	−0.052%	$115K	$653K	25x	as long as short
MEXC BCH_USDT	−0.0094%	8h	269.04	+0.187%	$71.2M	$6.4M	200x	as long as short
Binance BCHUSDT	−0.0093%	8h	268.42	−0.044%	$74.0M	$229.3M	75x	as long as short
Variational Omni BCH	−0.0070%	8h	268.14	−0.147%	$85K	$291K	—	as long as short
Bitget BCHUSDT	−0.0035%	8h	268.44	−0.036%	$19.9M	$29.0M	75x	as long as short
Coinbase International BCH-PERP-INTXshort	−0.0024%	1h	268.81	+0.102%	$242K	$2.1M	50x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0020%	8h	268.49	−0.018%	$8.4M	$14.4M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0019%	8h	268.26	−0.103%	$391K	$17K	10x	as long as short
Bybit BCHUSDT	−0.0002%	8h	268.37	−0.062%	$39.4M	$32.1M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	268.79	+0.095%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.89	+0.131%	$1.1M	$11.3M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.67	+0.048%	$4K	—	150x	as long as short
BingX BCH-USDT	+0.0024%	8h	268.50	−0.014%	—	$32.0M	—	as long as short
BloFin BCH-USDT	+0.0026%	8h	268.57	+0.012%	$4.0M	$4.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0027%	8h	268.43	−0.040%	$2K	$176	10x	as long as short
OKX BCH-USDT-SWAP	+0.0029%	8h	268.40	−0.051%	$26.3M	$76.1M	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	268.86	+0.121%	$806K	$3.2M	50x	as long as short
Lighter BCHlong	+0.0096%	1h	268.54	long leg	$376K	$581K	10x
Nado BCH-PERP	+0.0100%	1h	268.43	−0.042%	$439K	$425K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.81	+0.100%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.53	−0.001%	$236K	$660K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.53	−0.003%	$169K	$455K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.62	+0.031%	$8.9M	$7.9M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.22	−0.117%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.24	−0.111%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.38	−0.058%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.56	+0.009%	$773K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0373% / S −0.0574%	1h	268.63	+0.033%	$26K	—	100x	as long as short