Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0462%/8h= −50.6% APRpaid last 24h −0.060%

Price spread now: Variational Omni against GMX+0.087%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.087% dearer against GMX than usual: you sell high and buy low (spread +0.087% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BCH/USD [WBTC.b-USDC]	267.12	L +0.0371% / S −0.0574%	pay 0.0046% / 1h	57m 42s	$26K	—	100x
Short	Variational Omni BCH	267.35	−0.0091	pay 0.0091% / 8h	2h 57m	$85K	$291K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against GMX. 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 GMXbpFee Variational OmnibpOrdersPrice spread, now +0.087%Rate

Funding earned: −$97.08
Price spread: +0.087% → 0.000%: $8.68
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$100.4
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 31 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 GMX no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 31 min ago	5.99 bp	doesn't fit	20.7 bp −$207	doesn't fit	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	267.99	+0.325%	$715	$47K	12x	as long as short
Phemex BCHUSDT	−0.0207%	8h	266.90	−0.083%	$4.9M	$6.3M	50x	as long as short
SoDEX BCH-USD	−0.0136%	1h	266.86	−0.098%	$2K	$6K	10x	as long as short
Binance BCHUSDT	−0.0124%	8h	266.78	−0.128%	$73.8M	$231.7M	75x	as long as short
MEXC BCH_USDT	−0.0123%	8h	267.39	+0.100%	$70.8M	$6.3M	200x	as long as short
Extended BCH-USD	−0.0120%	1h	266.77	−0.130%	$105K	$643K	25x	as long as short
Bybit BCHUSDT	−0.0119%	8h	266.71	−0.154%	$39.4M	$32.5M	75x	as long as short
Variational Omni BCHshort	−0.0091%	8h	267.35	+0.087%	$85K	$291K	—
GRVT BCH_USDT_Perp	−0.0084%	8h	267.33	+0.078%	$390K	$17K	10x	as long as short
Bitget BCHUSDT	−0.0059%	8h	266.77	−0.132%	$20.1M	$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	−0.0048%	8h	266.89	−0.087%	$8.3M	$14.3M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0035%	1h	266.99	−0.049%	$437K	$254K	25x	as long as short
BingX BCH-USDC	−0.0032%	8h	266.89	−0.087%	—	$6.5M	—	as long as short
OKX BCH-USDT-SWAP	−0.0030%	8h	266.70	−0.158%	$26.1M	$76.2M	50x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	267.52	+0.149%	$261K	$2.1M	50x	as long as short
BloFin BCH-USDT	−0.0004%	8h	267.26	+0.052%	$4.0M	$4.1M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	267.11	−0.005%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.37	+0.093%	$1.1M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.17	+0.019%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	266.94	−0.068%	$2K	$176	10x	as long as short
Nado BCH-PERP	+0.0061%	1h	267.19	+0.024%	$438K	$430K	10x	as long as short
KuCoin BCHUSDTM	+0.0063%	8h	266.93	−0.072%	$8.8M	$8.1M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	267.09	−0.014%	$805K	$3.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	266.89	−0.085%	$375K	$579K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.18	+0.022%	$6.0M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.08	−0.017%	$234K	$682K	75x	as long as short
Pacifica BCH	+0.0100%	1h	266.86	−0.097%	$168K	$461K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.31	+0.072%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	267.38	+0.097%	$73K	$215K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.97	−0.057%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.02	−0.038%	$771K	$1.7M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]long	L +0.0371% / S −0.0574%	1h	267.12	long leg	$26K	—	100x