Why the balance stays locked
A unilateral close uses a previously signed commitment transaction to settle a channel on Bitcoin. Under Lightning's BOLT 3 specification, the output returning the broadcaster's own balance carries a delay called to_self_delay. That gives the peer time to penalize a broadcaster that submits a revoked channel state.
The 2.5-day figure measures the wait before that balance becomes eligible to be swept. It does not promise receipt in a wallet at that moment, and it does not describe the speed of ordinary Lightning payments. Across the whole study period, the reported median wait was 1.7 days.
This distinction matters for operators that need accessible funds while a channel is settling. A cheap exit can still leave capital unavailable for days; its fee alone does not reveal how much immediately usable liquidity remains.
Kumar compares those costs using a break-even annual return: the rate at which the broadcaster's locked-balance waiting cost would equal force-close fees. It was 1.2% in 2026, versus 16.7% over the full period. It compares per-channel fees across both parties with the broadcaster's locked balance, excluding pending-payment amounts. The calculation illustrates how the wait can outweigh fees in a low-fee environment; it does not assume that operators earned that return.
The same distinction between fees and accessible funds matters for BOLT 3's zero-fee commitment design, which changes how miners are paid. A child transaction supplies the commitment's mining fee through child-pays-for-parent. Transactions resolving conditional pending payments, known as HTLCs, obtain fees through added inputs.
The broadcaster's delayed balance remains part of that design. Removing a fee from the pre-signed transaction therefore leaves both a paid settlement path and a waiting period to account for.
The measurements also have boundaries. Private cooperative closes are absent, splices are excluded from the close counts, and simple-taproot delays, HTLC resolutions and fee bumps are unclassified in the cost analysis. Confirmed-chain records cannot show failed or replaced fee bumps.
The released repository contains code and aggregate outputs, while underlying scan tables, channel lists and gossip snapshots are available from the author on request. For operators, the findings make access to funds part of the exit bill, alongside the transactions needed to recover them. Readers comparing wallet support for everyday Lightning payments can consult CryptoSlate’s Bitcoin wallet guide.