Funding you earn now, next payment 00:00 UTC−0.0110%/8h= −12.0% APRnext payment −$1.10 per $10,000 · paid last 24h +0.002%
Price spread now: Phemex against Variational Omni+0.199%7-day average +0.026% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.036%−$4 on $10k
+Price spread, last 3 days (all we have)−0.263%−$26 · spread now +0.199%, 7d avg +0.026%
=Together, before fees−0.299%+ Points / potential airdropVariational Omni: Active · farm board−$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.173% dearer against Variational Omni than usual: you sell high and buy low (spread +0.199% now, against its 7-day average of +0.026%): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.3 days. At the pace of the last 3 days (−0.036% in total) that is about 15 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BCH | 266.75 | −0.0085 | get 0.0085% / 8h | 2h 54m | $85K | $291K | — |
| Short | Phemex BCHUSDT | 267.28 | −0.0194 | pay 0.0194% / 8h | 2h 54m | $4.9M | $6.3M | 50x |
Variational Omni BCH
Phemex BCHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$23.03
- Price spread: +0.199% → +0.026%
- $17.27
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$17.76
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 34 min ago; Phemex: live order book, 4 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, 34 min ago | 5.99 bp | doesn't fit | 32.3 bp −$323 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 1.12 bp | 9.5 bp −$9 | 17.6 bp −$176 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective BCH/USDC PERP | −0.0304% | 1h | 267.23 | +0.180% | $713 | $80K | 12x | as long as short |
| Phemex BCHUSDTshort | −0.0194% | 8h | 267.28 | +0.199% | $4.9M | $6.3M | 50x | |
| MEXC BCH_USDT | −0.0124% | 8h | 267.63 | +0.330% | $70.8M | $6.3M | 200x | as long as short |
| Binance BCHUSDT | −0.0123% | 8h | 266.98 | +0.086% | $73.8M | $231.5M | 75x | as long as short |
| Extended BCH-USD | −0.0120% | 1h | 266.82 | +0.027% | $105K | $643K | 25x | as long as short |
| Bybit BCHUSDT | −0.0114% | 8h | 266.85 | +0.038% | $39.4M | $32.4M | 75x | as long as short |
| Variational Omni BCHlong | −0.0085% | 8h | 266.75 | long leg | $85K | $291K | — | |
| GRVT BCH_USDT_Perp | −0.0076% | 8h | 266.83 | +0.029% | $389K | $17K | 10x | as long as short |
| SoDEX BCH-USD | −0.0062% | 1h | 267.29 | +0.203% | $2K | $6K | 10x | as long as short |
| Bitget BCHUSDT | −0.0059% | 8h | 267.00 | +0.094% | $20.0M | $29.2M | 75x | as long as short |
Injective BCH/USDC PERP
MEXC BCH_USDT
Binance BCHUSDT
Extended BCH-USD
Bybit BCHUSDT
GRVT BCH_USDT_Perp
SoDEX BCH-USD
Bitget BCHUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BCH_USDT | −0.0043% | 8h | 267.12 | +0.139% | $8.3M | $14.3M | 75x | as long as short |
| BingX BCH-USDC | −0.0025% | 8h | 267.10 | +0.132% | — | $6.5M | — | as long as short |
| OKX BCH-USDT-SWAP | −0.0025% | 8h | 267.00 | +0.094% | $26.1M | $76.4M | 50x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0024% | 1h | 267.44 | +0.259% | $255K | $2.1M | 50x | as long as short |
| BloFin BCH-USDT | −0.0003% | 8h | 267.07 | +0.120% | $4.0M | $4.1M | 50x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 266.89 | +0.055% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 266.91 | +0.060% | $1.1M | $11.7M | 2.7x | as long as short |
| Deribit BCH_USDC-PERPETUAL | 0.0000% | 1h | 267.44 | +0.258% | $437K | $251K | 25x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 267.27 | +0.195% | $4K | — | 150x | as long as short |
| Orderly PERP_BCH_USDC | +0.0030% | 8h | 267.30 | +0.207% | $2K | $176 | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0066% | 8h | 267.07 | +0.120% | $8.8M | $8.1M | 75x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0074% | 1h | 267.53 | +0.294% | $805K | $3.2M | 50x | as long as short |
| Nado BCH-PERP | +0.0085% | 1h | 266.90 | +0.058% | $439K | $427K | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 267.38 | +0.235% | $375K | $579K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 267.33 | +0.218% | $6.0M | $4.1M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 267.25 | +0.189% | $234K | $674K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 266.91 | +0.060% | $168K | $461K | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 266.84 | +0.033% | $19K | $288K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 266.97 | +0.083% | $73K | $214K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 266.97 | +0.083% | $2K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 267.18 | +0.162% | $769K | $1.7M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0365% / S −0.0554% | 1h | 267.34 | +0.220% | $25K | — | 100x | as long as short |
Gate BCH_USDT
BingX BCH-USDC
OKX BCH-USDT-SWAP
Coinbase International BCH-PERP-INTX
BloFin BCH-USDT
dYdX BCH-USD
Kalshi KXBCHPERP
Deribit BCH_USDC-PERPETUAL
gTrade (Gains Network) BCH/USD
Orderly PERP_BCH_USDC
KuCoin BCHUSDTM
Kraken Futures PF_BCHUSD
Nado BCH-PERP
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]