Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0157%/8h= +17.2% APRpaid last 24h +0.036%

Price spread now: Lighter against Variational Omni−0.080%7-day average +0.030% · you buy dearer than you sell

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

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.072%+$7 on $10k

Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.080%, 7d avg +0.030%

Together, before fees+0.142%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.111% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.080% now, against its 7-day average of +0.030%). If the spread goes back, that is −$11 on $10k: about 2.4 days of funding at the current rate (+$5 a day). At the pace of the last 4 days (+0.072% in total) that is about 5.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BCH	264.40	−0.0061	get 0.0061% / 8h	3h 13m	$81K	$196K	—
Short	Lighter BCH	264.19	0.0096	get 0.0012% / 1h	13m 04s	$355K	$495K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 LighterbpOrdersPrice spread, now −0.080%Rate

Funding earned: $32.93
Price spread: −0.080% → +0.030%: −$11.09
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $21.84
Costs to cover: 0.000%
Break-even: 2.4 days

Slippage unknown: Variational Omni: RFQ quote, 41 min ago; Lighter: live order book, 32 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, 41 min ago	6.00 bp	doesn't fit	29.5 bp −$295	doesn't fit	doesn't fit
Sell Lighter live order book, 32 min ago	3.11 bp	9.5 bp −$10	62.3 bp −$623	168.3 bp −$16.8K	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
SoDEX BCH-USD	−0.0294%	1h	264.25	−0.058%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0238%	8h	264.27	−0.051%	$770K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0237%	8h	264.22	−0.069%	$4.9M	$6.4M	50x	as long as short
Nado BCH-PERP	−0.0180%	1h	264.35	−0.020%	$429K	$347K	10x	as long as short
SunX BCH-USDT	−0.0161%	8h	264.24	−0.062%	$2K	$1.7M	30x	as long as short
KuCoin BCHUSDTM	−0.0100%	8h	264.42	+0.006%	$8.5M	$6.9M	75x	as long as short
Bitget BCHUSDT	−0.0090%	8h	264.06	−0.130%	$18.9M	$28.3M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0085%	8h	264.10	−0.115%	$25.0M	$76.1M	50x	as long as short
Binance BCHUSDT	−0.0067%	8h	264.17	−0.087%	$71.7M	$215.9M	75x	as long as short
MEXC BCH_USDT	−0.0066%	8h	264.67	+0.101%	$70.0M	$7.9M	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	−0.0064%	1h	264.07	−0.124%	$112K	$1.1M	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	264.44	+0.014%	$217K	$1.8M	50x	as long as short
Variational Omni BCHlong	−0.0061%	8h	264.40	long leg	$81K	$196K	—
Kraken Futures PF_BCHUSD	−0.0051%	1h	264.51	+0.038%	$855K	$3.0M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0043%	8h	264.66	+0.097%	$386K	$17K	10x	as long as short
Gate BCH_USDT	−0.0037%	8h	264.25	−0.058%	$8.3M	$13.7M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.49	+0.032%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.49	+0.033%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.62	+0.082%	$992K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.45	+0.018%	$442K	$331K	25x	as long as short
Bybit BCHUSDT	+0.0008%	8h	264.10	−0.115%	$38.9M	$31.3M	75x	as long as short
BingX BCH-USDT	+0.0014%	8h	264.23	−0.066%	—	$32.9M	—	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.192%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.28	−0.047%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0053%	8h	264.19	−0.081%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0083%	8h	264.42	+0.006%	$150K	$546K	75x	as long as short
Lighter BCHshort	+0.0096%	1h	264.19	−0.080%	$355K	$495K	10x
Hyperliquid BCH	+0.0100%	1h	264.43	+0.010%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	264.38	−0.007%	$159K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.54	+0.051%	$18K	$323K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.12	+0.271%	$97K	$234K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0232% / S −0.0180%	1h	264.49	+0.031%	$12K	—	100x	as long as short