Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.009%

Price spread now: dYdX against Variational Omni−0.174%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on dYdX

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

Funding pays, the price is against you. dYdX is 0.174% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.174% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 6.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BCH	266.60	−0.0095	get 0.0095% / 8h	5h 11m	$82K	$201K	—
Short	dYdX BCH-USD	266.13	0	get 0.0000% / 1h	11m 24s	$5K	$248	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.174%Rate

Funding earned: $19.97
Price spread: −0.174% → 0.000%: −$17.43
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$7.46
Costs to cover: 0.100%
Break-even: 9.6 days

Slippage unknown: Variational Omni: RFQ quote, 53 min ago; dYdX: 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, 53 min ago	6.01 bp	doesn't fit	26.9 bp −$269	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
SunX BCH-USDT	−0.1174%	8h	265.79	−0.303%	$2K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0432%	8h	265.81	−0.296%	$773K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0391%	8h	265.90	−0.262%	$4.9M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0309%	1h	265.92	−0.254%	$2K	$8K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0128%	1h	266.40	−0.074%	$224K	$1.8M	50x	as long as short
Nado BCH-PERP	−0.0124%	1h	266.10	−0.189%	$423K	$339K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0118%	8h	266.13	−0.176%	$388K	$17K	10x	as long as short
Binance BCHUSDT	−0.0105%	8h	266.22	−0.142%	$72.4M	$213.5M	75x	as long as short
Extended BCH-USD	−0.0104%	1h	265.94	−0.245%	$112K	$952K	25x	as long as short
MEXC BCH_USDT	−0.0104%	8h	266.55	−0.018%	$70.3M	$7.0M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BCHlong	−0.0095%	8h	266.60	long leg	$82K	$201K	—
Gate BCH_USDT	−0.0089%	8h	266.16	−0.164%	$8.3M	$13.3M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0077%	1h	266.05	−0.205%	$445K	$331K	25x	as long as short
OKX BCH-USDT-SWAP	−0.0073%	8h	266.20	−0.149%	$25.2M	$74.3M	50x	as long as short
KuCoin BCHUSDTM	−0.0067%	8h	266.11	−0.183%	$8.6M	$7.1M	75x	as long as short
Bitget BCHUSDT	−0.0066%	8h	266.05	−0.206%	$19.2M	$28.1M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0031%	1h	266.16	−0.164%	$854K	$3.0M	50x	as long as short
BingX BCH-USDC	−0.0031%	8h	266.18	−0.157%	—	$6.5M	—	as long as short
Bybit BCHUSDT	−0.0029%	8h	266.20	−0.149%	$39.2M	$30.9M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	266.26	−0.127%	$15K	—	150x	as long as short
dYdX BCH-USDshort	0.0000%	1h	266.13	−0.174%	$5K	$248	10x
Kalshi KXBCHPERP	0.0000%	8h	266.31	−0.108%	$1.1M	$10.2M	2.7x	as long as short
BloFin BCH-USDT	+0.0016%	8h	265.93	−0.251%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0021%	1h	266.00	−0.224%	$162K	$321K	10x	as long as short
ApeX Omni BCHUSDT	+0.0030%	1h	266.30	−0.112%	$97K	$227K	50x	as long as short
Orderly PERP_BCH_USDC	+0.0033%	8h	266.29	−0.116%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.351%	$721	$130K	12x	as long as short
Lighter BCH	+0.0096%	1h	265.99	−0.228%	$364K	$482K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.37	−0.086%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.27	−0.122%	$168K	$519K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.06	−0.204%	$19K	$289K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0357% / S −0.0525%	1h	266.29	−0.114%	$25K	—	100x	as long as short