The trade behind the numbers
USDCHF funding rates, explained
USDCHF funding, and why a single listing leaves nothing to arbitrage.
The funding
Where USDCHF funding stands
A spread needs two prices. With one listing there is nothing to price against, so USDCHF stays on the board as information rather than as a trade.
Why the gap exists
The venues disagree, and that is the trade
A perpetual future never expires, so exchanges tether it to spot with a funding payment: a positive rate means longs pay shorts, a negative one means shorts pay longs. Every venue sets its own rate, on its own schedule, from its own order book — so the same contract can pay on one exchange and charge on another at the very same minute.
Only Lighter currently quotes USDCHF perpetuals among the venues we track, so there is no second leg to trade against. The coin stays informational until another venue lists it.
See the same maths applied across every coin on the strategy board and the markets table.
FAQ
Questions about USDCHF funding
What is the USDCHF funding rate right now?
Lighter is paying 0.0000% per 1h. The table above lists the current rate on all 1 venues that quote USDCHF perpetuals.
Which exchange has the best USDCHF funding rate?
Only Lighter currently quotes USDCHF perpetuals among the venues we track, so there is no cross-venue comparison to make.
How is the annualized USDCHF funding APR calculated?
Each venue pays funding on its own schedule — hourly, four-hourly or eight-hourly. We normalize every rate to a common period and compound it over a year, so venues on different schedules can be compared on one axis. Fees are then subtracted over the intended hold to give the net APR.
Is USDCHF funding arbitrage risk-free?
No. The price risk is hedged, but fees, a rate that flips mid-hold, liquidation on one leg through margin imbalance, withdrawal delays and exchange risk all remain. Net APR and break-even tell you whether the trade survives its own costs — not whether the venues survive.
More markets
Funding rates for other coins
The widest spreads on the board right now, net of both venues' taker fees — long the first venue, short the second.
