Funding you earn now, next payment 10:00 UTC−0.0219%/8h= −23.9% APRpaid last 24h −0.012%
Price spread now: Variational Omni against Nado+0.322%57s7-day average −0.008% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)−0.575%−$57 · spread now +0.322%, 7d avg −0.008%
=Together, before fees−0.569%+ Points / potential airdropNado: Active · Variational Omni: Active · farm board−$57 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.330% dearer against Nado than usual: you sell high and buy low (spread +0.322% now, against its 7-day average of −0.008%): +$33 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 5.0 days. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.006% in total (about 0.6% 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 | Nado BCH-PERP | 269.13 | 0.0100 | pay 0.0012% / 1h | 58m 38s | $458K | $378K | 10x |
| Short | Variational Omni BCH | 270.00 | −0.0119 | pay 0.0119% / 8h | 6h 58m | $147K | $259K | — |
Nado BCH-PERP
Variational Omni BCHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Nado. 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
- −$45.89
- Price spread: +0.322% → −0.008%
- $33.05
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$19.84
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Nado: live order book, 34 min ago; Variational Omni: RFQ quote, 35 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 Nado live order book, 34 min ago | 0.94 bp | 7.6 bp −$8 | 23.8 bp −$238 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 35 min ago | 5.99 bp | doesn't fit | 20.8 bp −$208 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex BCHUSDT | −0.0285% | 8h | 268.85 | −0.105% | $5.0M | $6.5M | 50x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0222% | 1h | 268.75 | −0.141% | $422K | $356K | 25x | as long as short |
| Variational Omni BCHshort | −0.0119% | 8h | 270.00 | +0.322% | $147K | $259K | — | |
| SoDEX BCH-USD | −0.0114% | 1h | 268.82 | −0.116% | $2K | $8K | 10x | as long as short |
| OKX BCH-USDT-SWAP | −0.0107% | 8h | 269.00 | −0.049% | $25.5M | $76.2M | 50x | as long as short |
| GRVT BCH_USDT_Perp | −0.0097% | 8h | 270.39 | +0.469% | $394K | $17K | 10x | as long as short |
| Binance BCHUSDT | −0.0060% | 8h | 268.97 | −0.060% | $74.0M | $205.9M | 75x | as long as short |
| MEXC BCH_USDT | −0.0059% | 8h | 269.44 | +0.114% | $72.7M | $9.3M | 200x | as long as short |
| Extended BCH-USD | −0.0056% | 1h | 269.02 | −0.041% | $121K | $921K | 25x | as long as short |
| Bitget BCHUSDT | −0.0055% | 8h | 269.04 | −0.034% | $19.4M | $27.2M | 75x | as long as short |
Phemex BCHUSDT
Deribit BCH_USDC-PERPETUAL
SoDEX BCH-USD
OKX BCH-USDT-SWAP
GRVT BCH_USDT_Perp
Binance BCHUSDT
MEXC BCH_USDT
Extended BCH-USD
Bitget BCHUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BCHUSDTM | −0.0047% | 8h | 268.90 | −0.086% | $8.5M | $5.9M | 75x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 270.16 | +0.382% | $15K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 269.16 | +0.011% | $5K | $240 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 269.56 | +0.159% | $1.0M | $8.7M | 2.7x | as long as short |
| BingX BCH-USDC | +0.0004% | 8h | 269.08 | −0.020% | — | $6.5M | — | as long as short |
| Gate BCH_USDT | +0.0015% | 8h | 269.05 | −0.031% | $8.3M | $12.4M | 75x | as long as short |
| Aster BCHUSDT | +0.0021% | 8h | 269.19 | +0.021% | $149K | $556K | 75x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +0.397% | $721 | $130K | 12x | as long as short |
| Bybit BCHUSDT | +0.0038% | 8h | 269.00 | −0.049% | $39.8M | $31.0M | 75x | as long as short |
| Orderly PERP_BCH_USDC | +0.0044% | 8h | 268.67 | −0.172% | $2K | $540 | 10x | as long as short |
| BloFin BCH-USDT | +0.0060% | 8h | 268.73 | −0.150% | $3.5M | $5.2M | 50x | as long as short |
| Pacifica BCH | +0.0095% | 1h | 268.96 | −0.064% | $156K | $278K | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 269.10 | −0.011% | $393K | $466K | 10x | as long as short |
| Nado BCH-PERPlong | +0.0100% | 1h | 269.13 | long leg | $458K | $378K | 10x | |
| Hyperliquid BCH | +0.0100% | 1h | 269.03 | −0.038% | $5.9M | $4.6M | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 270.12 | +0.368% | $19K | $346K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 270.49 | +0.504% | $98K | $243K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 269.65 | +0.192% | $1K | $1.5M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 269.08 | −0.020% | $781K | $1.3M | 75x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0104% | 1h | 268.92 | −0.080% | $881K | $2.7M | 50x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0144% | 1h | 269.24 | +0.040% | $346K | $2.1M | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0210% / S −0.0163% | 1h | 270.39 | +0.466% | $13K | — | 100x | as long as short |
KuCoin BCHUSDTM
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Kalshi KXBCHPERP
BingX BCH-USDC
Gate BCH_USDT
Aster BCHUSDT
Injective BCH/USDC PERP
Bybit BCHUSDT
Orderly PERP_BCH_USDC
BloFin BCH-USDT
Pacifica BCH
Lighter BCH
Hyperliquid BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
Kraken Futures PF_BCHUSD
Coinbase International BCH-PERP-INTX
GMX BCH/USD [WBTC.b-USDC]