Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0581%/8h= +63.6% APRpaid last 24h +0.094%

Price spread now: GMX against Variational Omni+0.171%50s7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on GMX

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

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and GMX is 0.171% dearer against Variational Omni than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BCH	264.20	−0.0074	get 0.0074% / 8h	4h 04m	$81K	$197K	—
Short	GMX BCH/USD [WBTC.b-USDC]	264.65	L +0.0350% / S −0.0506%	get 0.0063% / 1h	4m 31s	$24K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.171%Rate

Funding earned: $121.93
Price spread: +0.171% → 0.000%: $17.06
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $126.99
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 54 min ago; GMX: no order-book sample. 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	6.02 bp	doesn't fit	28.6 bp −$286	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
SunX BCH-USDT	−0.0388%	8h	264.30	+0.036%	$1K	$1.7M	30x	as long as short
SoDEX BCH-USD	−0.0293%	1h	264.44	+0.089%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0266%	8h	264.47	+0.101%	$4.9M	$6.4M	50x	as long as short
Nado BCH-PERP	−0.0256%	1h	264.35	+0.056%	$430K	$342K	10x	as long as short
HTX BCH-USDT	−0.0233%	8h	264.34	+0.052%	$771K	$1.4M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	265.19	+0.373%	$225K	$1.8M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0099%	8h	264.20	−0.001%	$25.2M	$75.2M	50x	as long as short
Binance BCHUSDT	−0.0088%	8h	264.43	+0.086%	$71.8M	$214.7M	75x	as long as short
Extended BCH-USD	−0.0088%	1h	264.14	−0.024%	$112K	$956K	25x	as long as short
KuCoin BCHUSDTM	−0.0088%	8h	264.50	+0.112%	$8.5M	$7.0M	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	−0.0086%	8h	264.84	+0.241%	$70.2M	$7.9M	200x	as long as short
Bitget BCHUSDT	−0.0078%	8h	264.43	+0.086%	$18.9M	$28.1M	75x	as long as short
Variational Omni BCHlong	−0.0074%	8h	264.20	long leg	$81K	$197K	—
GRVT BCH_USDT_Perp	−0.0060%	8h	265.18	+0.371%	$387K	$17K	10x	as long as short
Gate BCH_USDT	−0.0051%	8h	264.29	+0.033%	$8.3M	$13.7M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.73	+0.198%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.45	+0.094%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.03	+0.313%	$1.0M	$10.3M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.61	+0.152%	$443K	$331K	25x	as long as short
Bybit BCHUSDT	+0.0005%	8h	264.30	+0.036%	$39.0M	$31.1M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	264.66	+0.174%	$852K	$3.0M	50x	as long as short
BingX BCH-USDC	+0.0014%	8h	264.36	+0.059%	—	$6.5M	—	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.270%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0033%	8h	264.46	+0.097%	$3.9M	$4.3M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0040%	8h	264.47	+0.101%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	264.34	+0.050%	$159K	$304K	10x	as long as short
Lighter BCH	+0.0096%	1h	264.29	+0.032%	$356K	$489K	10x	as long as short
Aster BCHUSDT	+0.0096%	8h	264.50	+0.112%	$162K	$538K	75x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.80	+0.226%	$5.7M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.07	+0.329%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.21	+0.381%	$97K	$231K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]short	L +0.0350% / S −0.0506%	1h	264.65	+0.171%	$24K	—	100x