Funding you earn now, next payment 08:00 UTC−0.0115%/8h= −12.6% APRnext payment −$0.14 per $10,000 · paid last 24h −0.093%
Price spread now: Deribit against Lighter+0.067%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$350.347% of the position
Funding, last 7 days−0.137%−$14 on $10k
+Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.067%, 7d avg +0.018%
=Together, before fees−0.194%+ Points / potential airdropLighter: Season 3 · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Deribit is 0.049% dearer against Lighter than usual: you sell high and buy low (spread +0.067% now, against its 7-day average of +0.018%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 34 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BCH | 263.86 | 0.0096 | pay 0.0012% / 1h | 21m 48s | $352K | $469K | 10x |
| Short | Deribit BCH_USDC-PERPETUAL | 264.03 | −0.0019 | pay 0.0002% / 1h | 21m 48s | $425K | $348K | 25x |
Lighter BCH
Deribit BCH_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$24.11
- Price spread: +0.067% → +0.018%
- $4.89
- Slippage, 4 orders
- −$27.67
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$53.89
- Costs to cover
- 0.347%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 8 min ago; Deribit: live order book, 12 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, 8 min ago | 3.74 bp | 7.2 bp −$7 | 53.6 bp −$536 | 153.3 bp −$15.3K | doesn't fit |
| Sell Deribit live order book, 12 min ago | 3.68 bp | 9.1 bp −$9 | 15.9 bp −$159 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX BCH-USD | −0.0356% | 1h | 263.77 | −0.033% | $2K | $8K | 10x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0220% | 1h | 264.02 | +0.062% | $857K | $2.7M | 50x | as long as short |
| Phemex BCHUSDT | −0.0158% | 8h | 263.83 | −0.010% | $4.9M | $6.5M | 50x | as long as short |
| Variational Omni BCH | −0.0128% | 8h | 263.90 | +0.017% | $81K | $196K | — | as long as short |
| Bybit BCHUSDT | −0.0110% | 8h | 263.80 | −0.021% | $38.8M | $30.9M | 75x | as long as short |
| HTX BCH-USDT | −0.0088% | 8h | 263.83 | −0.010% | $771K | $1.4M | 75x | as long as short |
| KuCoin BCHUSDTM | −0.0086% | 8h | 264.01 | +0.058% | $8.4M | $6.3M | 75x | as long as short |
| Bitget BCHUSDT | −0.0076% | 8h | 263.84 | −0.006% | $19.1M | $27.1M | 75x | as long as short |
| OKX BCH-USDT-SWAP | −0.0066% | 8h | 263.80 | −0.021% | $25.1M | $76.1M | 50x | as long as short |
| Extended BCH-USD | −0.0056% | 1h | 263.72 | −0.052% | $110K | $907K | 25x | as long as short |
SoDEX BCH-USD
Kraken Futures PF_BCHUSD
Phemex BCHUSDT
Variational Omni BCH
Bybit BCHUSDT
HTX BCH-USDT
KuCoin BCHUSDTM
Bitget BCHUSDT
OKX BCH-USDT-SWAP
Extended BCH-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BCH_USDT | −0.0053% | 8h | 264.23 | +0.142% | $70.5M | $8.9M | 200x | as long as short |
| Binance BCHUSDT | −0.0053% | 8h | 263.92 | +0.024% | $72.8M | $212.6M | 75x | as long as short |
| GRVT BCH_USDT_Perp | −0.0043% | 8h | 264.06 | +0.077% | $385K | $17K | 10x | as long as short |
| BingX BCH-USDC | −0.0041% | 8h | 263.89 | +0.013% | — | $6.5M | — | as long as short |
| Gate BCH_USDT | −0.0027% | 8h | 263.98 | +0.047% | $8.3M | $13.6M | 75x | as long as short |
| Deribit BCH_USDC-PERPETUALshort | −0.0019% | 1h | 264.03 | +0.067% | $425K | $348K | 25x | |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 264.03 | +0.066% | $15K | — | 150x | as long as short |
| Pacifica BCH | −0.0003% | 1h | 264.02 | +0.062% | $158K | $293K | 10x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 264.13 | +0.106% | $5K | $240 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 264.23 | +0.142% | $993K | $9.7M | 2.7x | as long as short |
| Aster BCHUSDT | +0.0017% | 8h | 264.05 | +0.072% | $136K | $582K | 75x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +2.404% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0046% | 8h | 263.90 | +0.017% | $2K | — | 10x | as long as short |
| BloFin BCH-USDT | +0.0066% | 8h | 263.88 | +0.009% | $3.5M | $4.5M | 50x | as long as short |
| Nado BCH-PERP | +0.0071% | 1h | 264.00 | +0.056% | $433K | $350K | 10x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0088% | 1h | 263.87 | +0.005% | $245K | $1.9M | 50x | as long as short |
| Lighter BCHlong | +0.0096% | 1h | 263.86 | long leg | $352K | $469K | 10x | |
| Hyperliquid BCH | +0.0100% | 1h | 264.06 | +0.077% | $5.7M | $4.6M | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 263.98 | +0.046% | $18K | $344K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 264.10 | +0.092% | $95K | $242K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 263.72 | −0.052% | $1K | $1.6M | 30x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0202% / S −0.0147% | 1h | 264.06 | +0.076% | $12K | — | 100x | as long as short |
MEXC BCH_USDT
Binance BCHUSDT
GRVT BCH_USDT_Perp
BingX BCH-USDC
Gate BCH_USDT
gTrade (Gains Network) BCH/USD
Pacifica BCH
dYdX BCH-USD
Kalshi KXBCHPERP
Aster BCHUSDT
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
BloFin BCH-USDT
Nado BCH-PERP
Coinbase International BCH-PERP-INTX
Hyperliquid BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]