Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h +0.024%

Price spread now: ApeX Omni against Variational Omni+0.150%73s7-day average +0.079% · you sell dearer than you buy

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.075%+$7 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.150%, 7d avg +0.079%

Together, before fees+0.047%+ Points / potential airdropVariational Omni: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and ApeX Omni is 0.072% dearer against Variational Omni than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.079%. The two prices were read 73 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	265.20	−0.0070	get 0.0070% / 8h	1h 56m	$81K	$196K	—
Short	ApeX Omni BCHUSDT	265.60	0.0100	get 0.0013% / 1h	56m 18s	$95K	$237K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.150%Rate

Funding earned: $35.62
Price spread: +0.150% → +0.079%: $7.18
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $32.8
Costs to cover: 0.100%
Break-even: 0.6 days

Slippage unknown: Variational Omni: RFQ quote, 53 min ago; ApeX Omni: live order book, 50 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, 53 min ago	6.05 bp	doesn't fit	23.5 bp −$235	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 50 min ago	4.55 bp	12.0 bp −$12	91.4 bp −$914	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
SoDEX BCH-USD	−0.0442%	1h	264.83	−0.140%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0197%	8h	265.17	−0.012%	$774K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0173%	8h	264.99	−0.080%	$5.0M	$6.6M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0103%	1h	264.96	−0.090%	$846K	$3.0M	50x	as long as short
KuCoin BCHUSDTM	−0.0100%	8h	265.25	+0.018%	$8.5M	$6.7M	75x	as long as short
Bitget BCHUSDT	−0.0096%	8h	264.84	−0.136%	$19.0M	$28.6M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0071%	8h	264.90	−0.113%	$25.3M	$78.2M	50x	as long as short
Variational Omni BCHlong	−0.0070%	8h	265.20	long leg	$81K	$196K	—
Extended BCH-USD	−0.0048%	1h	264.78	−0.158%	$112K	$1.1M	25x	as long as short
Nado BCH-PERP	−0.0045%	1h	265.03	−0.064%	$435K	$356K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0044%	8h	265.01	−0.072%	$73.0M	$221.0M	75x	as long as short
MEXC BCH_USDT	−0.0044%	8h	265.40	+0.075%	$70.6M	$8.5M	200x	as long as short
Bybit BCHUSDT	−0.0034%	8h	264.90	−0.113%	$38.9M	$31.8M	75x	as long as short
BingX BCH-USDT	−0.0024%	8h	265.07	−0.049%	—	$32.9M	—	as long as short
GRVT BCH_USDT_Perp	−0.0012%	8h	265.31	+0.041%	$387K	$17K	10x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.24	+0.013%	$15K	—	150x	as long as short
SunX BCH-USDT	−0.0004%	8h	264.84	−0.136%	$2K	$1.7M	30x	as long as short
dYdX BCH-USD	0.0000%	1h	265.39	+0.071%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.42	+0.083%	$992K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.07	−0.051%	$441K	$333K	25x	as long as short
Coinbase International BCH-PERP-INTX	+0.0008%	1h	265.56	+0.135%	$221K	$1.9M	50x	as long as short
Gate BCH_USDT	+0.0014%	8h	265.08	−0.046%	$8.3M	$13.8M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.885%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.95	−0.095%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0062%	8h	265.03	−0.064%	$150K	$564K	75x	as long as short
BloFin BCH-USDT	+0.0076%	8h	265.25	+0.018%	$3.9M	$4.5M	50x	as long as short
Lighter BCH	+0.0096%	1h	265.17	−0.010%	$353K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.27	+0.026%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	265.15	−0.020%	$159K	$312K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.04	−0.060%	$18K	$343K	20x	as long as short
ApeX Omni BCHUSDTshort	+0.0100%	1h	265.60	+0.150%	$95K	$237K	50x
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	265.18	−0.009%	$12K	—	100x	as long as short