Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0121%/8h= −13.3% APRpaid last 24h −0.037%

Price spread now: Variational Omni against Pacifica−0.480%7-day average −0.040% · you buy dearer than you sell

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

Long on Pacifica Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.086%−$9 on $10k

Price spread, last 4 days (all we have)+0.529%+$53 · spread now −0.480%, 7d avg −0.040%

Together, before fees+0.443%+ Points / potential airdropPacifica: Active · Variational Omni: Active · farm board+$44 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Variational Omni is 0.440% cheaper against Pacifica than usual: you would sell low and buy high (−$44 if the spread goes back to its 7-day average of −0.040%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BCH	266.88	0.0021	pay 0.0003% / 1h	21m 14s	$162K	$321K	10x
Short	Variational Omni BCH	265.60	−0.0101	pay 0.0101% / 8h	5h 21m	$81K	$201K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Pacifica. 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 PacificabpFee Variational OmnibpOrdersPrice spread, now −0.480%Rate

Funding earned: −$25.5
Price spread: −0.480% → −0.040%: −$44.01
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$77.51
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 42 min ago; Variational Omni: RFQ quote, 43 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 Pacifica live order book, 42 min ago	3.96 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 43 min ago	6.01 bp	doesn't fit	31.7 bp −$317	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
SunX BCH-USDT	−0.1370%	8h	266.74	−0.051%	$1K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0468%	8h	266.84	−0.013%	$776K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0447%	8h	266.99	+0.043%	$4.9M	$6.6M	50x	as long as short
SoDEX BCH-USD	−0.0294%	1h	266.77	−0.040%	$2K	$8K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0132%	8h	266.66	−0.080%	$389K	$17K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0128%	1h	266.88	+0.001%	$224K	$1.8M	50x	as long as short
Nado BCH-PERP	−0.0127%	1h	266.75	−0.047%	$424K	$339K	10x	as long as short
Gate BCH_USDT	−0.0106%	8h	266.85	−0.010%	$8.3M	$13.3M	75x	as long as short
Binance BCHUSDT	−0.0106%	8h	266.89	+0.005%	$72.6M	$213.4M	75x	as long as short
MEXC BCH_USDT	−0.0105%	8h	267.22	+0.129%	$70.4M	$7.0M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0104%	1h	266.69	−0.070%	$116K	$953K	25x	as long as short
Variational Omni BCHshort	−0.0101%	8h	265.60	−0.480%	$81K	$201K	—
OKX BCH-USDT-SWAP	−0.0067%	8h	266.70	−0.066%	$25.3M	$74.3M	50x	as long as short
KuCoin BCHUSDTM	−0.0066%	8h	267.06	+0.069%	$8.6M	$7.1M	75x	as long as short
Bitget BCHUSDT	−0.0061%	8h	266.71	−0.062%	$19.2M	$28.1M	75x	as long as short
Bybit BCHUSDT	−0.0041%	8h	266.82	−0.021%	$39.4M	$30.8M	75x	as long as short
BingX BCH-USDC	−0.0038%	8h	266.88	+0.001%	—	$6.5M	—	as long as short
Kraken Futures PF_BCHUSD	−0.0031%	1h	267.00	+0.048%	$856K	$3.0M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0012%	1h	267.02	+0.055%	$447K	$331K	25x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	267.06	+0.068%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	266.92	+0.016%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.15	+0.103%	$1.1M	$10.3M	2.7x	as long as short
ApeX Omni BCHUSDT	+0.0001%	1h	266.66	−0.081%	$97K	$227K	50x	as long as short
BloFin BCH-USDT	+0.0014%	8h	266.74	−0.051%	$4.0M	$4.2M	50x	as long as short
Pacifica BCHlong	+0.0021%	1h	266.88	long leg	$162K	$321K	10x
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.246%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0034%	8h	266.89	+0.005%	$2K	$176	10x	as long as short
Lighter BCH	+0.0096%	1h	266.91	+0.013%	$365K	$482K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.10	+0.084%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.11	+0.088%	$169K	$519K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.81	−0.400%	$19K	$289K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0358% / S −0.0525%	1h	267.07	+0.072%	$25K	—	100x	as long as short