Funding you earn now, next payment 05:00 UTC+0.0282%/8h= +30.9% APRnext payment +$0.35 per $10,000 · paid last 24h +0.030%
Price spread now: Lighter against Nado+0.002%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$310.308% of the position
Funding, last 3 days (all we have)+0.086%+$9 on $10k
+Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.002%, 7d avg +0.024%
=Together, before fees−0.037%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.021% cheaper against Nado than usual: you would sell low and buy high (spread +0.002% now, against its 7-day average of +0.024%). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$8 a day). At the pace of the last 3 days (+0.086% in total) that is about 20 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.086% in total (about 9.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.35 per $10,000. 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 | Nado BCH-PERP | 263.95 | −0.0186 | get 0.0023% / 1h | 22m 39s | $428K | $346K | 10x |
| Short | Lighter BCH | 263.96 | 0.0096 | get 0.0012% / 1h | 22m 39s | $354K | $495K | 10x |
Nado BCH-PERP
Lighter BCHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Nado. 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
- $59.24
- Price spread: +0.002% → +0.024%
- −$2.14
- Slippage, 4 orders
- −$23.79
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $26.31
- Costs to cover
- 0.308%
- Break-even
- 3.9 days
Slippage from Nado: live order book, 30 min ago; Lighter: live order book, 22 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 Nado live order book, 30 min ago | 0.75 bp | 8.2 bp −$8 | 23.7 bp −$237 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 22 min ago | 3.11 bp | 9.5 bp −$10 | 62.3 bp −$623 | 168.3 bp −$16.8K | 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 | −0.0279% | 1h | 264.25 | +0.114% | $2K | $8K | 10x | as long as short |
| HTX BCH-USDT | −0.0243% | 8h | 264.19 | +0.091% | $771K | $1.4M | 75x | as long as short |
| Phemex BCHUSDT | −0.0240% | 8h | 264.27 | +0.121% | $4.9M | $6.4M | 50x | as long as short |
| SunX BCH-USDT | −0.0196% | 8h | 264.12 | +0.064% | $1K | $1.7M | 30x | as long as short |
| Nado BCH-PERPlong | −0.0186% | 1h | 263.95 | long leg | $428K | $346K | 10x | |
| KuCoin BCHUSDTM | −0.0096% | 8h | 263.99 | +0.015% | $8.5M | $6.9M | 75x | as long as short |
| OKX BCH-USDT-SWAP | −0.0090% | 8h | 264.00 | +0.019% | $25.0M | $76.0M | 50x | as long as short |
| Bitget BCHUSDT | −0.0085% | 8h | 263.82 | −0.049% | $18.9M | $28.3M | 75x | as long as short |
| Extended BCH-USD | −0.0072% | 1h | 263.65 | −0.112% | $113K | $956K | 25x | as long as short |
| Binance BCHUSDT | −0.0070% | 8h | 263.91 | −0.015% | $71.7M | $215.7M | 75x | as long as short |
SoDEX BCH-USD
HTX BCH-USDT
Phemex BCHUSDT
SunX BCH-USDT
KuCoin BCHUSDTM
OKX BCH-USDT-SWAP
Bitget BCHUSDT
Extended BCH-USD
Binance BCHUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BCH_USDT | −0.0070% | 8h | 264.47 | +0.197% | $70.0M | $7.9M | 200x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0064% | 1h | 264.61 | +0.250% | $218K | $1.8M | 50x | as long as short |
| Variational Omni BCH | −0.0063% | 8h | 264.40 | +0.171% | $81K | $196K | — | as long as short |
| Kraken Futures PF_BCHUSD | −0.0051% | 1h | 264.50 | +0.210% | $848K | $3.0M | 50x | as long as short |
| GRVT BCH_USDT_Perp | −0.0045% | 8h | 264.54 | +0.223% | $386K | $17K | 10x | as long as short |
| Gate BCH_USDT | −0.0040% | 8h | 263.93 | −0.008% | $8.3M | $13.6M | 75x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 264.43 | +0.182% | $15K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 264.16 | +0.078% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 264.62 | +0.254% | $994K | $10.4M | 2.7x | as long as short |
| Deribit BCH_USDC-PERPETUAL | 0.0000% | 1h | 264.43 | +0.181% | $442K | $331K | 25x | as long as short |
| Bybit BCHUSDT | +0.0014% | 8h | 263.90 | −0.019% | $38.9M | $31.3M | 75x | as long as short |
| BingX BCH-USDT | +0.0018% | 8h | 263.92 | −0.011% | — | $32.9M | — | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +2.368% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0046% | 8h | 264.28 | +0.125% | $2K | $176 | 10x | as long as short |
| BloFin BCH-USDT | +0.0050% | 8h | 264.12 | +0.064% | $3.9M | $4.3M | 50x | as long as short |
| Aster BCHUSDT | +0.0082% | 8h | 264.11 | +0.059% | $150K | $546K | 75x | as long as short |
| Lighter BCHshort | +0.0096% | 1h | 263.96 | +0.002% | $354K | $495K | 10x | |
| Hyperliquid BCH | +0.0100% | 1h | 264.22 | +0.101% | $5.7M | $4.6M | 10x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 263.95 | −0.001% | $159K | $305K | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 264.74 | +0.298% | $18K | $321K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 264.80 | +0.322% | $96K | $234K | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0358% / S −0.0530% | 1h | 264.46 | +0.193% | $25K | — | 100x | as long as short |
MEXC BCH_USDT
Coinbase International BCH-PERP-INTX
Variational Omni BCH
Kraken Futures PF_BCHUSD
GRVT BCH_USDT_Perp
Gate BCH_USDT
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Kalshi KXBCHPERP
Deribit BCH_USDC-PERPETUAL
Bybit BCHUSDT
BingX BCH-USDT
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
BloFin BCH-USDT
Aster BCHUSDT
Hyperliquid BCH
Pacifica BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
GMX BCH/USD [WBTC.b-USDC]