Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0508%/8h= −55.6% APRpaid last 24h −0.057%

Price spread now: Deribit against Variational Omni+0.005%7-day average +0.051% · you sell dearer than you buy

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

Long on Variational Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.101%−$10 on $10k

Price spread, last 3 days (all we have)+0.102%+$10 · spread now +0.005%, 7d avg +0.051%

Together, before fees0.000%+ Points / potential airdropVariational Omni: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Deribit is 0.047% cheaper against Variational Omni than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.051%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.101% in total (about -11.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BCH	269.11	−0.0129	get 0.0129% / 8h	7h 20m	$82K	$285K	—
Short	Deribit BCH_USDC-PERPETUAL	269.12	−0.0637	pay 0.0080% / 1h	20m 13s	$455K	$266K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Variational Omni. 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 Variational OmnibpFee DeribitbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$106.65
Price spread: +0.005% → +0.051%: −$4.66
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$118.31
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 54 min ago; Deribit: live order book, 54 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 Variational Omni RFQ quote, 54 min ago	6.01 bp	doesn't fit	28.8 bp −$288	doesn't fit	doesn't fit
Sell Deribit live order book, 54 min ago	3.96 bp	8.4 bp −$8	14.6 bp −$146	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-PERPETUALshort	−0.0637%	1h	269.12	+0.005%	$455K	$266K	25x
SoDEX BCH-USD	−0.0560%	1h	268.98	−0.047%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0530%	8h	269.10	−0.002%	$4.9M	$6.5M	50x	as long as short
Gate BCH_USDT	−0.0201%	8h	269.05	−0.021%	$8.5M	$14.3M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0180%	8h	269.12	+0.005%	$392K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0153%	1h	269.37	+0.098%	$73K	$214K	50x	as long as short
Variational Omni BCHlong	−0.0129%	8h	269.11	long leg	$82K	$285K	—
Bybit BCHUSDT	−0.0091%	8h	269.03	−0.028%	$39.8M	$32.5M	75x	as long as short
Binance BCHUSDT	−0.0066%	8h	268.97	−0.050%	$72.9M	$229.3M	75x	as long as short
Extended BCH-USD	−0.0064%	1h	268.91	−0.072%	$117K	$995K	25x	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	−0.0064%	8h	269.52	+0.154%	$70.6M	$6.6M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0056%	1h	269.19	+0.031%	$231K	$2.0M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	269.34	+0.086%	$862K	$3.1M	50x	as long as short
Bitget BCHUSDT	−0.0022%	8h	269.01	−0.036%	$19.3M	$29.1M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0003% / S +0.0007%	1h	269.19	+0.032%	$7K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	269.20	+0.037%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.09	−0.006%	$1.1M	$10.8M	2.7x	as long as short
OKX BCH-USDT-SWAP	+0.0013%	8h	268.90	−0.076%	$26.1M	$76.4M	50x	as long as short
BingX BCH-USDT	+0.0013%	8h	269.06	−0.017%	—	$32.3M	—	as long as short
Nado BCH-PERP	+0.0017%	1h	268.85	−0.095%	$440K	$420K	10x	as long as short
HTX BCH-USDT	+0.0026%	8h	268.77	−0.125%	$781K	$1.6M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0029%	8h	269.07	−0.013%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.407%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0056%	8h	269.01	−0.036%	$3.9M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	269.12	+0.006%	$371K	$530K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.40	+0.109%	$6.6M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	269.03	−0.027%	$178K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.98	−0.046%	$163K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.98	−0.047%	$8.8M	$7.7M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	269.31	+0.077%	$19K	$291K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.73	−0.140%	$1K	$1.9M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0334% / S −0.0451%	1h	269.21	+0.038%	$25K	—	100x	as long as short