Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0428%/8h= −46.9% APRpaid last 24h −0.024%

Price spread now: SoDEX against Variational Omni+0.235%7-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 SoDEX

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

The price spread pays, funding is against you. SoDEX is 0.235% dearer against Variational Omni than usual: you sell high and buy low (spread +0.235% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BCH	268.91	−0.0128	get 0.0128% / 8h	7h 16m	$82K	$285K	—
Short	SoDEX BCH-USD	269.54	−0.0556	pay 0.0070% / 1h	16m 04s	$2K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.235%Rate

Funding earned: −$89.87
Price spread: +0.235% → 0.000%: $23.49
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$74.38
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 58 min ago; SoDEX: 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, 58 min ago	6.01 bp	doesn't fit	28.8 bp −$288	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

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	−0.0577%	8h	269.42	+0.190%	$5.0M	$6.5M	50x	as long as short
SoDEX BCH-USDshort	−0.0556%	1h	269.54	+0.235%	$2K	$6K	10x
Deribit BCH_USDC-PERPETUAL	−0.0369%	1h	269.47	+0.208%	$455K	$266K	25x	as long as short
ApeX Omni BCHUSDT	−0.0184%	1h	269.15	+0.090%	$73K	$215K	50x	as long as short
GRVT BCH_USDT_Perp	−0.0179%	8h	269.07	+0.061%	$392K	$17K	10x	as long as short
Gate BCH_USDT	−0.0165%	8h	269.61	+0.261%	$8.5M	$14.3M	75x	as long as short
Variational Omni BCHlong	−0.0128%	8h	268.91	long leg	$82K	$285K	—
Bybit BCHUSDT	−0.0094%	8h	269.55	+0.239%	$39.9M	$32.5M	75x	as long as short
Extended BCH-USD	−0.0072%	1h	269.48	+0.214%	$117K	$961K	25x	as long as short
Binance BCHUSDT	−0.0070%	8h	269.56	+0.241%	$73.0M	$229.5M	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	269.72	+0.302%	$70.8M	$6.7M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0056%	1h	268.56	−0.130%	$230K	$2.0M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	269.78	+0.326%	$859K	$3.1M	50x	as long as short
Bitget BCHUSDT	−0.0023%	8h	269.50	+0.220%	$19.3M	$29.1M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0003% / S +0.0007%	1h	269.35	+0.163%	$7K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	269.14	+0.088%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.36	+0.168%	$1.1M	$10.9M	2.7x	as long as short
OKX BCH-USDT-SWAP	+0.0007%	8h	269.50	+0.220%	$26.2M	$76.5M	50x	as long as short
BingX BCH-USDC	+0.0013%	8h	269.55	+0.239%	—	$6.5M	—	as long as short
Nado BCH-PERP	+0.0019%	1h	268.88	−0.009%	$440K	$419K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0029%	8h	269.25	+0.127%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.480%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0050%	8h	268.56	−0.130%	$3.9M	$4.2M	50x	as long as short
HTX BCH-USDT	+0.0072%	8h	269.25	+0.127%	$782K	$1.6M	75x	as long as short
Lighter BCH	+0.0096%	1h	269.53	+0.230%	$371K	$530K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.86	+0.354%	$6.6M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	269.26	+0.131%	$178K	$658K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.99	+0.032%	$164K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	269.49	+0.216%	$8.8M	$7.7M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	269.14	+0.087%	$19K	$291K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	269.08	+0.064%	$1K	$1.9M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0334% / S −0.0451%	1h	269.40	+0.183%	$25K	—	100x	as long as short