Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h +0.008%

Price spread now: Lighter against SunX+0.122%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$920.922% of the position

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.155%−$16 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.122%, 7d avg +0.040%

Together, before fees−0.122%+ Points / potential airdropLighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.082% dearer against SunX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.040%. Mind the row above: over the last 7 days funding on this pair cost −0.155%, 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	SunX BCH-USDT	267.86	0.0025	pay 0.0025% / 8h	6h 19m	$2K	$1.4M	30x
Short	Lighter BCH	268.19	0.0096	get 0.0012% / 1h	19m 18s	$392K	$468K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now +0.122%Rate

Funding earned: $14.92
Price spread: +0.122% → +0.040%: $8.2
Slippage, 4 orders: −$84.23
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$69.1
Costs to cover: 0.922%
Break-even: 39.4 days

Slippage from SunX: live order book, 9 min ago; Lighter: live order book, 27 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 SunX live order book, 9 min ago	19.76 bp	41.0 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 27 min ago	6.14 bp	6.1 bp −$6	66.7 bp −$667	166.9 bp −$16.7K	doesn't fit

BCH on 32 exchanges

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	−0.0399%	1h	268.06	+0.075%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0203%	8h	268.20	+0.127%	$4.9M	$6.4M	50x	as long as short
Variational Omni BCH	−0.0134%	8h	268.00	+0.050%	$145K	$225K	—	as long as short
Bybit BCHUSDT	−0.0125%	8h	268.00	+0.052%	$39.1M	$31.0M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0120%	8h	268.00	+0.052%	$25.4M	$75.2M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0114%	8h	268.16	+0.113%	$391K	$17K	10x	as long as short
HTX BCH-USDT	−0.0083%	8h	268.17	+0.116%	$785K	$1.3M	75x	as long as short
Extended BCH-USD	−0.0072%	1h	267.91	+0.019%	$117K	$915K	25x	as long as short
MEXC BCH_USDT	−0.0071%	8h	268.67	+0.302%	$72.4M	$9.5M	200x	as long as short
Binance BCHUSDT	−0.0071%	8h	268.03	+0.063%	$73.6M	$202.2M	75x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit BCH_USDC-PERPETUAL	−0.0052%	1h	268.18	+0.120%	$422K	$356K	25x	as long as short
Gate BCH_USDT	−0.0047%	8h	268.13	+0.101%	$8.1M	$12.8M	75x	as long as short
KuCoin BCHUSDTM	−0.0028%	8h	268.18	+0.119%	$8.8M	$5.7M	75x	as long as short
Bitget BCHUSDT	−0.0027%	8h	268.29	+0.161%	$19.2M	$27.1M	75x	as long as short
BingX BCH-USDT	−0.0026%	8h	268.15	+0.108%	—	$14.3M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	268.22	+0.136%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	268.24	+0.143%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.53	+0.250%	$1.0M	$8.7M	2.7x	as long as short
SunX BCH-USDTlong	+0.0025%	8h	267.86	long leg	$2K	$1.4M	30x
Aster BCHUSDT	+0.0029%	8h	268.10	+0.090%	$145K	$527K	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.874%	$721	$130K	12x	as long as short
ApeX Omni BCHUSDT	+0.0037%	1h	268.54	+0.254%	$97K	$244K	50x	as long as short
Orderly PERP_BCH_USDC	+0.0041%	8h	268.02	+0.060%	$2K	$540	10x	as long as short
BloFin BCH-USDT	+0.0048%	8h	268.18	+0.119%	$3.5M	$5.3M	50x	as long as short
Nado BCH-PERP	+0.0064%	1h	267.97	+0.042%	$458K	$375K	10x	as long as short
Pacifica BCH	+0.0095%	1h	268.11	+0.093%	$155K	$269K	10x	as long as short
Lighter BCHshort	+0.0096%	1h	268.19	+0.122%	$392K	$468K	10x
Hyperliquid BCH	+0.0100%	1h	268.37	+0.190%	$5.9M	$4.5M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.26	+0.148%	$19K	$346K	20x	as long as short
Kraken Futures PF_BCHUSD	+0.0104%	1h	268.27	+0.152%	$874K	$2.5M	50x	as long as short
Coinbase International BCH-PERP-INTX	+0.0144%	1h	268.64	+0.291%	$359K	$2.1M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0213% / S −0.0170%	1h	268.25	+0.144%	$14K	—	100x	as long as short