Funding you earn now, next payment 06:00 UTC−0.0332%/8h= −36.4% APRpaid last 24h +0.001%
Price spread now: HTX against Lighter+0.089%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$670.669% of the position
Funding, last 7 days+0.173%+$17 on $10k
+Price spread, last 4 days (all we have)−0.198%−$20 · spread now +0.089%, 7d avg −0.021%
=Together, before fees−0.026%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.111% dearer against Lighter than usual: you sell high and buy low (spread +0.089% now, against its 7-day average of −0.021%): +$11 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 27 hours. Mind the row above: over the last 7 days funding on this pair paid +0.173%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.173% in total (about 9.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BCH | 263.99 | 0.0096 | pay 0.0012% / 1h | 49m 45s | $354K | $495K | 10x |
| Short | HTX BCH-USDT | 264.23 | −0.0236 | pay 0.0236% / 8h | 2h 49m | $774K | $1.4M | 75x |
Lighter BCH
HTX BCH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$69.79
- Price spread: +0.089% → −0.021%
- $11.06
- Slippage, 4 orders
- −$54.89
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$125.63
- Costs to cover
- 0.669%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 55 min ago; HTX: live order book, 4 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, 55 min ago | 3.11 bp | 5.8 bp −$6 | 58.7 bp −$587 | 160.7 bp −$16.1K | doesn't fit |
| Sell HTX live order book, 4 min ago | 10.25 bp | 35.0 bp −$35 | 203.9 bp −$2,039 | 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX BCH-USDTshort | −0.0236% | 8h | 264.23 | +0.089% | $774K | $1.4M | 75x | |
| Phemex BCHUSDT | −0.0215% | 8h | 263.88 | −0.043% | $5.0M | $6.5M | 50x | as long as short |
| Nado BCH-PERP | −0.0184% | 1h | 264.35 | +0.135% | $432K | $349K | 10x | as long as short |
| SunX BCH-USDT | −0.0133% | 8h | 263.94 | −0.020% | $1K | $1.7M | 30x | as long as short |
| Bitget BCHUSDT | −0.0105% | 8h | 263.92 | −0.028% | $18.8M | $28.3M | 75x | as long as short |
| KuCoin BCHUSDTM | −0.0097% | 8h | 264.04 | +0.017% | $8.5M | $6.8M | 75x | as long as short |
| SoDEX BCH-USD | −0.0097% | 1h | 263.89 | −0.039% | $2K | $8K | 10x | as long as short |
| OKX BCH-USDT-SWAP | −0.0079% | 8h | 263.90 | −0.036% | $25.1M | $76.3M | 50x | as long as short |
| Variational Omni BCH | −0.0070% | 8h | 264.10 | +0.042% | $81K | $196K | — | as long as short |
| Extended BCH-USD | −0.0056% | 1h | 263.75 | −0.091% | $111K | $1.1M | 25x | as long as short |
Phemex BCHUSDT
Nado BCH-PERP
SunX BCH-USDT
Bitget BCHUSDT
KuCoin BCHUSDTM
SoDEX BCH-USD
OKX BCH-USDT-SWAP
Variational Omni BCH
Extended BCH-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BCH_USDT | −0.0056% | 8h | 264.45 | +0.173% | $69.9M | $8.0M | 200x | as long as short |
| Binance BCHUSDT | −0.0055% | 8h | 263.94 | −0.022% | $71.7M | $216.4M | 75x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0040% | 1h | 264.67 | +0.256% | $220K | $1.8M | 50x | as long as short |
| GRVT BCH_USDT_Perp | −0.0033% | 8h | 263.64 | −0.134% | $384K | $17K | 10x | as long as short |
| Bybit BCHUSDT | −0.0016% | 8h | 263.88 | −0.043% | $38.8M | $31.4M | 75x | as long as short |
| BingX BCH-USDC | −0.0012% | 8h | 264.01 | +0.006% | — | $6.5M | — | as long as short |
| Gate BCH_USDT | −0.0010% | 8h | 264.00 | +0.002% | $8.3M | $13.6M | 75x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 264.33 | +0.128% | $15K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 264.20 | +0.078% | $5K | $240 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 264.58 | +0.222% | $988K | $10.4M | 2.7x | as long as short |
| Deribit BCH_USDC-PERPETUAL | 0.0000% | 1h | 264.18 | +0.070% | $442K | $332K | 25x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +2.351% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0046% | 8h | 264.09 | +0.036% | $2K | $176 | 10x | as long as short |
| BloFin BCH-USDT | +0.0062% | 8h | 264.29 | +0.112% | $3.9M | $4.4M | 50x | as long as short |
| Aster BCHUSDT | +0.0076% | 8h | 264.00 | +0.001% | $153K | $549K | 75x | as long as short |
| Lighter BCHlong | +0.0096% | 1h | 263.99 | long leg | $354K | $495K | 10x | |
| Hyperliquid BCH | +0.0100% | 1h | 264.17 | +0.066% | $5.7M | $4.6M | 10x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 263.98 | −0.006% | $159K | $305K | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 263.60 | −0.149% | $18K | $330K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 263.63 | −0.138% | $96K | $235K | 50x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0180% | 1h | 264.13 | +0.051% | $846K | $3.0M | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0202% / S −0.0147% | 1h | 264.28 | +0.108% | $12K | — | 100x | as long as short |
MEXC BCH_USDT
Binance BCHUSDT
Coinbase International BCH-PERP-INTX
GRVT BCH_USDT_Perp
Bybit BCHUSDT
BingX BCH-USDC
Gate BCH_USDT
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Kalshi KXBCHPERP
Deribit BCH_USDC-PERPETUAL
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
BloFin BCH-USDT
Aster BCHUSDT
Hyperliquid BCH
Pacifica BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
Kraken Futures PF_BCHUSD
GMX BCH/USD [WBTC.b-USDC]