Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0418%/8h= +45.8% APRpaid last 24h +0.024%

Price spread now: Variational Omni against SoDEX−0.312%7-day average — · you buy dearer than you sell

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

Long on SoDEX 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

Funding pays, the price is against you. Variational Omni is 0.312% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.312% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$31 on $10k: about 2.5 days of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX BCH-USD	269.75	−0.0547	get 0.0068% / 1h	15m 13s	$2K	$6K	10x
Short	Variational Omni BCH	268.91	−0.0128	pay 0.0128% / 8h	7h 15m	$82K	$285K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SoDEX. 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 SoDEXbpFee Variational OmnibpOrdersPrice spread, now −0.312%Rate

Funding earned: $87.85
Price spread: −0.312% → 0.000%: −$31.2
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $48.64
Costs to cover: 0.080%
Break-even: 3.1 days

Slippage unknown: SoDEX: no order-book sample; Variational Omni: RFQ quote, 59 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 SoDEX no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 59 min ago	6.01 bp	doesn't fit	23.7 bp −$237	doesn't fit	doesn't fit

SoDEX: 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
Phemex BCHUSDT	−0.0669%	8h	269.76	+0.004%	$5.0M	$6.5M	50x	as long as short
SoDEX BCH-USDlong	−0.0547%	1h	269.75	long leg	$2K	$6K	10x
Deribit BCH_USDC-PERPETUAL	−0.0383%	1h	269.90	+0.056%	$456K	$266K	25x	as long as short
ApeX Omni BCHUSDT	−0.0232%	1h	268.64	−0.411%	$73K	$215K	50x	as long as short
GRVT BCH_USDT_Perp	−0.0210%	8h	268.51	−0.460%	$391K	$17K	10x	as long as short
Gate BCH_USDT	−0.0150%	8h	269.84	+0.033%	$8.5M	$14.3M	75x	as long as short
Variational Omni BCHshort	−0.0128%	8h	268.91	−0.312%	$82K	$285K	—
Bybit BCHUSDT	−0.0076%	8h	269.78	+0.011%	$39.9M	$32.5M	75x	as long as short
Extended BCH-USD	−0.0072%	1h	269.69	−0.023%	$117K	$961K	25x	as long as short
Binance BCHUSDT	−0.0069%	8h	269.77	+0.007%	$73.1M	$229.6M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0069%	8h	270.17	+0.156%	$70.8M	$6.7M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0056%	1h	268.56	−0.441%	$230K	$2.0M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	270.07	+0.118%	$860K	$3.1M	50x	as long as short
Bitget BCHUSDT	−0.0023%	8h	269.75	0.000%	$19.3M	$29.1M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0003% / S +0.0007%	1h	269.93	+0.067%	$7K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	269.70	−0.019%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.98	+0.085%	$1.1M	$10.9M	2.7x	as long as short
OKX BCH-USDT-SWAP	+0.0007%	8h	269.70	−0.019%	$26.2M	$76.5M	50x	as long as short
BingX BCH-USDC	+0.0013%	8h	269.81	+0.022%	—	$6.5M	—	as long as short
Nado BCH-PERP	+0.0019%	1h	269.54	−0.077%	$437K	$421K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0029%	8h	269.70	−0.019%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.167%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0051%	8h	269.77	+0.007%	$4.0M	$4.3M	50x	as long as short
HTX BCH-USDT	+0.0084%	8h	269.45	−0.111%	$783K	$1.6M	75x	as long as short
Lighter BCH	+0.0096%	1h	269.83	+0.031%	$372K	$530K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	270.08	+0.122%	$6.6M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	269.74	−0.003%	$178K	$658K	75x	as long as short
Pacifica BCH	+0.0100%	1h	269.63	−0.043%	$164K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	269.85	+0.037%	$8.8M	$7.6M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.42	−0.494%	$19K	$292K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	269.42	−0.122%	$1K	$1.9M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0335% / S −0.0451%	1h	269.92	+0.061%	$25K	—	100x	as long as short