Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0191%/8h= −20.9% APRpaid last 24h −0.020%

Price spread now: Variational Omni against ApeX Omni−0.028%58s7-day average −0.076% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.060%−$6 on $10k

Price spread, last 3 days (all we have)−0.134%−$13 · spread now −0.028%, 7d avg −0.076%

Together, before fees−0.194%+ Points / potential airdropVariational Omni: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.048% dearer against ApeX Omni than usual: you sell high and buy low (spread −0.028% now, against its 7-day average of −0.076%): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 3 days (−0.060% in total) that is about 2.6 days. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.060% in total (about -6.8% a year). A funding rate is set anew for every payment. 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	ApeX Omni BCHUSDT	267.43	0.0100	pay 0.0013% / 1h	56m 24s	$73K	$214K	50x
Short	Variational Omni BCH	267.35	−0.0091	pay 0.0091% / 8h	2h 56m	$85K	$291K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against ApeX Omni. 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 ApeX OmnibpFee Variational OmnibpOrdersPrice spread, now −0.028%Rate

Funding earned: −$40.12
Price spread: −0.028% → −0.076%: $4.76
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$45.37
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 29 min ago; Variational Omni: RFQ quote, 32 min ago. Net counts fees only.

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 ApeX Omni live order book, 29 min ago	4.68 bp	13.0 bp −$13	97.4 bp −$974	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 32 min ago	5.99 bp	doesn't fit	20.7 bp −$207	doesn't fit	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
Injective BCH/USDC PERP	−0.0304%	1h	267.23	−0.075%	$713	$80K	12x	as long as short
Phemex BCHUSDT	−0.0200%	8h	266.96	−0.176%	$4.9M	$6.3M	50x	as long as short
Binance BCHUSDT	−0.0124%	8h	266.64	−0.296%	$73.7M	$231.5M	75x	as long as short
MEXC BCH_USDT	−0.0123%	8h	267.27	−0.060%	$70.7M	$6.3M	200x	as long as short
Extended BCH-USD	−0.0120%	1h	266.62	−0.304%	$105K	$643K	25x	as long as short
Bybit BCHUSDT	−0.0119%	8h	266.54	−0.333%	$39.3M	$32.4M	75x	as long as short
SoDEX BCH-USD	−0.0098%	1h	266.79	−0.239%	$2K	$6K	10x	as long as short
Variational Omni BCHshort	−0.0091%	8h	267.35	−0.028%	$85K	$291K	—
GRVT BCH_USDT_Perp	−0.0077%	8h	267.31	−0.044%	$390K	$17K	10x	as long as short
Bitget BCHUSDT	−0.0060%	8h	266.64	−0.295%	$20.0M	$29.1M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0046%	8h	266.73	−0.262%	$8.3M	$14.3M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0029%	8h	266.70	−0.273%	$26.2M	$76.2M	50x	as long as short
BingX BCH-USDT	−0.0028%	8h	266.72	−0.265%	—	$32.2M	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	266.92	−0.191%	$260K	$2.1M	50x	as long as short
BloFin BCH-USDT	−0.0004%	8h	266.82	−0.228%	$4.0M	$4.1M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	266.92	−0.191%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.07	−0.135%	$1.1M	$11.7M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	266.91	−0.193%	$436K	$254K	25x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	266.87	−0.209%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	266.79	−0.239%	$2K	$176	10x	as long as short
KuCoin BCHUSDTM	+0.0064%	8h	266.73	−0.262%	$8.8M	$8.1M	75x	as long as short
Nado BCH-PERP	+0.0070%	1h	266.81	−0.230%	$438K	$427K	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	267.05	−0.141%	$804K	$3.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	266.96	−0.176%	$375K	$579K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.04	−0.146%	$6.0M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.08	−0.130%	$234K	$682K	75x	as long as short
Pacifica BCH	+0.0100%	1h	266.86	−0.212%	$168K	$461K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.32	−0.043%	$19K	$287K	20x	as long as short
ApeX Omni BCHUSDTlong	+0.0100%	1h	267.43	long leg	$73K	$214K	50x
SunX BCH-USDT	+0.0100%	8h	266.57	−0.322%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	266.89	−0.202%	$771K	$1.7M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0371% / S −0.0574%	1h	266.93	−0.186%	$26K	—	100x	as long as short