Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0160%/8h= −17.5% APRpaid last 24h +0.014%

Price spread now: Variational Omni against Kraken Futures−0.112%7-day average −0.073% · you buy dearer than you sell

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

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.021%+$2 on $10k

Price spread, last 3 days (all we have)+0.110%+$11 · spread now −0.112%, 7d avg −0.073%

Together, before fees+0.131%+ Points / potential airdropVariational Omni: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Variational Omni is 0.039% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.073%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BCHUSD	267.75	0.0074	pay 0.0009% / 1h	35m 33s	$803K	$3.2M	50x
Short	Variational Omni BCH	267.45	−0.0086	pay 0.0086% / 8h	2h 35m	$85K	$291K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Kraken Futures. 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 Kraken FuturesbpFee Variational OmnibpOrdersPrice spread, now −0.112%Rate

Funding earned: −$33.59
Price spread: −0.112% → −0.073%: −$3.92
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$47.51
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 3 min ago; Variational Omni: RFQ quote, 53 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 Kraken Futures live order book, 3 min ago	5.04 bp	19.6 bp −$20	26.8 bp −$268	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 53 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
Deribit BCH_USDC-PERPETUAL	−0.0426%	1h	267.54	−0.079%	$437K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	267.23	−0.195%	$713	$80K	12x	as long as short
Phemex BCHUSDT	−0.0200%	8h	267.45	−0.112%	$4.9M	$6.2M	50x	as long as short
SoDEX BCH-USD	−0.0192%	1h	267.45	−0.112%	$2K	$6K	10x	as long as short
Extended BCH-USD	−0.0120%	1h	267.60	−0.055%	$105K	$643K	25x	as long as short
Binance BCHUSDT	−0.0117%	8h	267.74	−0.004%	$73.9M	$229.0M	75x	as long as short
MEXC BCH_USDT	−0.0116%	8h	268.27	+0.194%	$71.0M	$6.3M	200x	as long as short
Variational Omni BCHshort	−0.0086%	8h	267.45	−0.112%	$85K	$291K	—
Bybit BCHUSDT	−0.0068%	8h	267.70	−0.019%	$39.4M	$32.0M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0051%	8h	268.04	+0.106%	$391K	$17K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BCHUSDT	−0.0050%	8h	267.71	−0.015%	$20.0M	$28.8M	75x	as long as short
Gate BCH_USDT	−0.0033%	8h	267.67	−0.030%	$8.4M	$14.4M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	267.90	+0.056%	$246K	$2.0M	50x	as long as short
BingX BCH-USDC	−0.0012%	8h	267.73	−0.008%	—	$6.5M	—	as long as short
OKX BCH-USDT-SWAP	−0.0005%	8h	267.70	−0.019%	$26.2M	$75.7M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	267.81	+0.023%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.01	+0.097%	$1.1M	$11.4M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.63	−0.045%	$4K	—	150x	as long as short
BloFin BCH-USDT	+0.0001%	8h	268.11	+0.134%	$4.0M	$4.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0029%	8h	267.42	−0.124%	$2K	$176	10x	as long as short
Kraken Futures PF_BCHUSDlong	+0.0074%	1h	267.75	long leg	$803K	$3.2M	50x
KuCoin BCHUSDTM	+0.0087%	8h	267.64	−0.041%	$8.9M	$8.0M	75x	as long as short
Nado BCH-PERP	+0.0088%	1h	267.64	−0.040%	$438K	$427K	10x	as long as short
Lighter BCH	+0.0096%	1h	267.69	−0.024%	$375K	$580K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.90	+0.056%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.72	−0.012%	$234K	$660K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.67	−0.029%	$169K	$460K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.36	−0.145%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.16	+0.153%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.51	−0.090%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.60	−0.056%	$770K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0365% / S −0.0554%	1h	267.65	−0.038%	$25K	—	100x	as long as short