Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.001%

Price spread now: Lighter against OKX−0.006%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$290.295% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 4 days (all we have)+0.103%+$10 · spread now −0.006%, 7d avg +0.037%

Together, before fees+0.032%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.043% cheaper against OKX than usual: you would sell low and buy high (spread −0.006% now, against its 7-day average of +0.037%). If the spread goes back, that is −$4 on $10k: about 2.4 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.071%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BCH-USDT-SWAP	266.20	0.0036	pay 0.0036% / 8h	20m 36s	$25.8M	$78.1M	50x
Short	Lighter BCH	266.19	0.0096	get 0.0012% / 1h	20m 36s	$367K	$557K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now −0.006%Rate

Funding earned: $12.68
Price spread: −0.006% → +0.037%: −$4.31
Slippage, 4 orders: −$19.5
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$21.13
Costs to cover: 0.295%
Break-even: 18.7 days

Slippage from OKX: live order book, 3 min ago; Lighter: live order book, 50 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 OKX live order book, 3 min ago	1.89 bp	7.7 bp −$8	15.9 bp −$159	59.7 bp −$5,975	doesn't fit
Sell Lighter live order book, 50 min ago	3.96 bp	6.8 bp −$7	59.6 bp −$596	161.8 bp −$16.2K	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	−0.0652%	1h	265.87	−0.123%	$449K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0248%	1h	265.84	−0.135%	$2K	$6K	10x	as long as short
ApeX Omni BCHUSDT	−0.0207%	1h	265.34	−0.323%	$72K	$213K	50x	as long as short
Variational Omni BCH	−0.0142%	8h	265.71	−0.183%	$81K	$292K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0126%	1h	266.17	−0.013%	$848K	$3.1M	50x	as long as short
Phemex BCHUSDT	−0.0095%	8h	266.23	+0.011%	$4.8M	$6.4M	50x	as long as short
Bybit BCHUSDT	−0.0086%	8h	266.21	+0.004%	$39.2M	$32.8M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+1.503%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	265.43	−0.289%	$223K	$2.1M	50x	as long as short
Binance BCHUSDT	−0.0019%	8h	266.21	+0.004%	$72.9M	$233.0M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0019%	8h	266.61	+0.154%	$69.9M	$6.9M	200x	as long as short
Extended BCH-USD	−0.0016%	1h	266.10	−0.038%	$114K	$652K	25x	as long as short
Gate BCH_USDT	−0.0007%	8h	266.23	+0.011%	$8.3M	$14.8M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	266.25	+0.020%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.37	+0.064%	$1.2M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	266.05	−0.055%	$4K	—	150x	as long as short
GRVT BCH_USDT_Perp	+0.0023%	8h	265.24	−0.362%	$387K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0024%	8h	266.12	−0.030%	$19.0M	$30.0M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0027%	8h	265.79	−0.154%	$2K	$176	10x	as long as short
OKX BCH-USDT-SWAPlong	+0.0036%	8h	266.20	long leg	$25.8M	$78.1M	50x
BingX BCH-USDC	+0.0036%	8h	266.21	+0.004%	—	$6.5M	—	as long as short
Nado BCH-PERP	+0.0067%	1h	265.95	−0.092%	$443K	$434K	10x	as long as short
Lighter BCHshort	+0.0096%	1h	266.19	−0.006%	$367K	$557K	10x
Hyperliquid BCH	+0.0100%	1h	266.48	+0.105%	$6.0M	$4.4M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.11	−0.034%	$210K	$674K	75x	as long as short
Pacifica BCH	+0.0100%	1h	266.12	−0.030%	$162K	$440K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	266.26	+0.023%	$9.0M	$7.8M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.24	−0.359%	$19K	$290K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	265.69	−0.192%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	266.06	−0.053%	$772K	$1.6M	75x	as long as short
BloFin BCH-USDT	+0.0101%	8h	266.08	−0.045%	$3.9M	$4.2M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0332% / S −0.0451%	1h	265.99	−0.080%	$25K	—	100x	as long as short