Funding you earn now, next payment 08:00 UTC−0.0442%/8h= −48.5% APRnext payment −$4.42 per $10,000 · paid last 24h +0.004%
Price spread now: Phemex against Variational Omni+0.131%7-day average +0.033% · 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)−0.047%−$5 · spread now +0.131%, 7d avg +0.033%
=Together, before fees−0.083%+ Points / potential airdropVariational Omni: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.098% dearer against Variational Omni than usual: you sell high and buy low (spread +0.131% now, against its 7-day average of +0.033%): +$10 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 3 days (−0.036% in total) that is about 9.1 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.036% in total (about -3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.42 per $10,000. 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 | Variational Omni BCH | 267.81 | −0.0130 | get 0.0130% / 8h | 7h 36m | $82K | $285K | — |
| Short | Phemex BCHUSDT | 268.16 | −0.0572 | pay 0.0572% / 8h | 7h 36m | $4.9M | $6.5M | 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
- −$92.92
- Price spread: +0.131% → +0.033%
- $9.78
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$95.14
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 38 min ago; Phemex: live order book, 2 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, 38 min ago | 6.01 bp | doesn't fit | 28.8 bp −$288 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 3.55 bp | 11.1 bp −$11 | 20.6 bp −$206 | 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 BCHUSDTshort | −0.0572% | 8h | 268.16 | +0.131% | $4.9M | $6.5M | 50x | |
| SoDEX BCH-USD | −0.0536% | 1h | 268.16 | +0.131% | $2K | $6K | 10x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0353% | 1h | 268.34 | +0.198% | $454K | $266K | 25x | as long as short |
| HTX BCH-USDT | −0.0343% | 8h | 267.97 | +0.060% | $778K | $1.6M | 75x | as long as short |
| GRVT BCH_USDT_Perp | −0.0258% | 8h | 267.76 | −0.018% | $390K | $17K | 10x | as long as short |
| ApeX Omni BCHUSDT | −0.0181% | 1h | 267.84 | +0.012% | $73K | $214K | 50x | as long as short |
| Variational Omni BCHlong | −0.0130% | 8h | 267.81 | long leg | $82K | $285K | — | |
| Gate BCH_USDT | −0.0112% | 8h | 268.67 | +0.322% | $8.4M | $14.2M | 75x | as long as short |
| Extended BCH-USD | −0.0056% | 1h | 268.49 | +0.256% | $113K | $940K | 25x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0056% | 1h | 267.68 | −0.048% | $225K | $2.0M | 50x | as long as short |
SoDEX BCH-USD
Deribit BCH_USDC-PERPETUAL
HTX BCH-USDT
GRVT BCH_USDT_Perp
ApeX Omni BCHUSDT
Gate BCH_USDT
Extended BCH-USD
Coinbase International BCH-PERP-INTXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BCHUSDT | −0.0055% | 8h | 268.59 | +0.292% | $72.8M | $230.3M | 75x | as long as short |
| MEXC BCH_USDT | −0.0055% | 8h | 269.12 | +0.490% | $70.5M | $6.6M | 200x | as long as short |
| Bybit BCHUSDT | −0.0054% | 8h | 268.60 | +0.296% | $39.7M | $32.6M | 75x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0049% | 1h | 268.39 | +0.218% | $857K | $3.1M | 50x | as long as short |
| Bitget BCHUSDT | −0.0008% | 8h | 268.63 | +0.307% | $19.3M | $29.4M | 75x | as long as short |
| Nado BCH-PERP | −0.0001% | 1h | 268.45 | +0.240% | $441K | $420K | 10x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 268.61 | +0.298% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 268.28 | +0.176% | $1.1M | $10.8M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 268.75 | +0.352% | $4K | — | 150x | as long as short |
| OKX BCH-USDT-SWAP | +0.0023% | 8h | 268.60 | +0.296% | $26.0M | $76.9M | 50x | as long as short |
| BingX BCH-USDC | +0.0025% | 8h | 268.63 | +0.307% | — | $6.5M | — | as long as short |
| Orderly PERP_BCH_USDC | +0.0031% | 8h | 268.59 | +0.292% | $2K | $176 | 10x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +0.893% | $721 | $130K | 12x | as long as short |
| BloFin BCH-USDT | +0.0065% | 8h | 268.20 | +0.146% | $3.9M | $4.2M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 268.53 | +0.271% | $370K | $529K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 268.94 | +0.421% | $6.0M | $4.4M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 268.55 | +0.277% | $177K | $666K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 268.58 | +0.290% | $163K | $407K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 268.64 | +0.310% | $9.0M | $7.6M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 267.71 | −0.037% | $19K | $290K | 20x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 267.92 | +0.042% | $2K | $1.9M | 30x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0334% / S −0.0224% | 1h | 268.79 | +0.367% | $31K | — | 100x | as long as short |
Binance BCHUSDT
MEXC BCH_USDT
Bybit BCHUSDT
Kraken Futures PF_BCHUSD
Bitget BCHUSDT
Nado BCH-PERP
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
OKX BCH-USDT-SWAP
BingX BCH-USDC
Orderly PERP_BCH_USDC
Injective BCH/USDC PERP
BloFin BCH-USDT
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
SunX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]