Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0170%/8h= −18.6% APRpaid last 24h −0.024%

Price spread now: Variational Omni against Hyperliquid−0.050%7-day average −0.069% · you buy dearer than you sell

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

Long on Hyperliquid Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.067%−$7 on $10k

Price spread, last 3 days (all we have)+0.019%+$2 · spread now −0.050%, 7d avg −0.069%

Together, before fees−0.048%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.069%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BCH	268.97	0.0100	pay 0.0013% / 1h	18m 53s	$6.0M	$4.1M	10x
Short	Variational Omni BCH	268.84	−0.0070	pay 0.0070% / 8h	2h 18m	$86K	$291K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Hyperliquid. 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 HyperliquidbpFee Variational OmnibpOrdersPrice spread, now −0.050%Rate

Funding earned: −$35.6
Price spread: −0.050% → −0.069%: $1.88
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$42.72
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 3 min ago; Variational Omni: RFQ quote, 5 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 Hyperliquid live order book, 3 min ago	0.74 bp	7.2 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	5.98 bp	doesn't fit	39.3 bp −$393	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
Deribit BCH_USDC-PERPETUAL	−0.0412%	1h	268.83	−0.054%	$440K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	268.50	−0.175%	$716	$110K	12x	as long as short
Phemex BCHUSDT	−0.0205%	8h	268.70	−0.100%	$4.9M	$6.3M	50x	as long as short
SoDEX BCH-USD	−0.0128%	1h	268.65	−0.119%	$2K	$6K	10x	as long as short
Extended BCH-USD	−0.0104%	1h	268.61	−0.132%	$105K	$643K	25x	as long as short
MEXC BCH_USDT	−0.0102%	8h	269.29	+0.119%	$71.4M	$6.4M	200x	as long as short
Binance BCHUSDT	−0.0101%	8h	268.63	−0.126%	$74.1M	$229.4M	75x	as long as short
Variational Omni BCHshort	−0.0070%	8h	268.84	−0.050%	$86K	$291K	—
Bitget BCHUSDT	−0.0041%	8h	268.63	−0.126%	$19.9M	$28.9M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0031%	8h	268.83	−0.054%	$392K	$17K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTX	−0.0024%	1h	268.98	+0.004%	$246K	$2.1M	50x	as long as short
Bybit BCHUSDT	−0.0023%	8h	268.61	−0.134%	$39.5M	$32.1M	75x	as long as short
Gate BCH_USDT	−0.0019%	8h	268.69	−0.104%	$8.4M	$14.4M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	268.96	−0.004%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.02	+0.019%	$1.1M	$11.3M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.87	−0.037%	$4K	—	150x	as long as short
BingX BCH-USDT	+0.0011%	8h	268.72	−0.093%	—	$32.1M	—	as long as short
OKX BCH-USDT-SWAP	+0.0018%	8h	268.60	−0.138%	$26.4M	$76.1M	50x	as long as short
BloFin BCH-USDT	+0.0019%	8h	268.64	−0.123%	$4.0M	$4.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	268.69	−0.104%	$2K	$176	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	268.93	−0.015%	$806K	$3.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	268.75	−0.083%	$377K	$581K	10x	as long as short
Nado BCH-PERP	+0.0100%	1h	268.84	−0.049%	$440K	$425K	10x	as long as short
Hyperliquid BCHlong	+0.0100%	1h	268.97	long leg	$6.0M	$4.1M	10x
Aster BCHUSDT	+0.0100%	8h	268.82	−0.056%	$236K	$660K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.93	−0.016%	$170K	$460K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.80	−0.063%	$8.9M	$7.9M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.90	−0.025%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	269.07	+0.037%	$73K	$213K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.56	−0.152%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.65	−0.119%	$774K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0373% / S −0.0574%	1h	268.83	−0.053%	$26K	—	100x	as long as short