Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: edgeX against Lighter−0.050%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on Lighter Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.193%+$19 on $10k

Price spread, last 3 days (all we have)+0.132%+$13 · spread now −0.050%, 7d avg −0.022%

Together, before fees+0.325%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board+$32 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.028% cheaper against Lighter than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BCH	267.95	0.0096	pay 0.0012% / 1h	3m 14s	$376K	$581K	10x
Short	edgeX BCHUSDC	267.82	0.0100	get 0.0050% / 4h	2h 03m	$19K	$289K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.050%Rate

Funding earned: $0.84
Price spread: −0.050% → −0.022%: −$2.79
Slippage, 4 orders: −$27.23
Fee Lighter: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$38.18
Costs to cover: 0.362%
Break-even: 325.2 days

Slippage from Lighter: live order book, 12 min ago; edgeX: live order book, 20 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, 12 min ago	3.50 bp	3.5 bp −$3	50.1 bp −$501	166.7 bp −$16.7K	doesn't fit
Sell edgeX live order book, 20 min ago	7.26 bp	11.8 bp −$12	15.1 bp −$151	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	−0.0309%	1h	267.99	+0.015%	$438K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	268.50	+0.205%	$716	$110K	12x	as long as short
Phemex BCHUSDT	−0.0175%	8h	267.87	−0.030%	$4.9M	$6.3M	50x	as long as short
SoDEX BCH-USD	−0.0155%	1h	267.88	−0.026%	$2K	$6K	10x	as long as short
MEXC BCH_USDT	−0.0091%	8h	268.54	+0.220%	$71.1M	$6.4M	200x	as long as short
Binance BCHUSDT	−0.0091%	8h	267.88	−0.026%	$73.9M	$229.4M	75x	as long as short
Extended BCH-USD	−0.0088%	1h	267.83	−0.045%	$115K	$653K	25x	as long as short
Variational Omni BCH	−0.0073%	8h	267.74	−0.080%	$85K	$291K	—	as long as short
Bitget BCHUSDT	−0.0035%	8h	267.94	−0.004%	$19.9M	$29.0M	75x	as long as short
Gate BCH_USDT	−0.0030%	8h	267.91	−0.015%	$8.4M	$14.5M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTX	−0.0024%	1h	268.88	+0.347%	$242K	$2.1M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0017%	8h	267.84	−0.042%	$390K	$17K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	268.07	+0.044%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.14	+0.071%	$1.1M	$11.3M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.07	+0.044%	$4K	—	150x	as long as short
Bybit BCHUSDT	+0.0002%	8h	267.77	−0.068%	$39.3M	$32.2M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0026%	8h	267.88	−0.026%	$2K	$176	10x	as long as short
BingX BCH-USDT	+0.0029%	8h	267.89	−0.023%	—	$32.0M	—	as long as short
BloFin BCH-USDT	+0.0029%	8h	267.94	−0.004%	$4.0M	$4.1M	50x	as long as short
OKX BCH-USDT-SWAP	+0.0030%	8h	267.90	−0.019%	$26.2M	$76.0M	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	268.17	+0.081%	$804K	$3.2M	50x	as long as short
Lighter BCHlong	+0.0096%	1h	267.95	long leg	$376K	$581K	10x
Nado BCH-PERP	+0.0100%	1h	267.87	−0.030%	$438K	$425K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.26	+0.115%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.05	+0.037%	$235K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.94	−0.005%	$169K	$455K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	267.96	+0.003%	$8.9M	$7.9M	75x	as long as short
edgeX BCHUSDCshort	+0.0100%	4h	267.82	−0.050%	$19K	$289K	20x
ApeX Omni BCHUSDT	+0.0100%	1h	268.05	+0.037%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.74	−0.079%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.76	−0.071%	$771K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0340% / S −0.0467%	1h	268.03	+0.031%	$26K	—	100x	as long as short