Funding you earn now, next payment 00:00 UTC+0.0429%/8h= +47.0% APRpaid last 24h +0.063%
Price spread now: Variational Omni against Deribit+0.018%7-day average −0.050% · 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)+0.106%+$11 on $10k
+Price spread, last 3 days (all we have)−0.097%−$10 · spread now +0.018%, 7d avg −0.050%
=Together, before fees+0.009%+ Points / potential airdropVariational Omni: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Variational Omni is 0.068% dearer against Deribit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.050%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.106% in total (about 11.7% 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 | Deribit BCH_USDC-PERPETUAL | 270.87 | −0.0565 | get 0.0071% / 1h | 49m 37s | $458K | $266K | 25x |
| Short | Variational Omni BCH | 270.92 | −0.0136 | pay 0.0136% / 8h | 49m 37s | $83K | $294K | — |
Deribit BCH_USDC-PERPETUAL
Variational Omni BCHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Deribit. 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
- $90.18
- Price spread: +0.018% → −0.050%
- $6.77
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $89.94
- Costs to cover
- 0.070%
- Break-even
- 0.0 days
Slippage unknown: Deribit: live order book, 29 min ago; Variational Omni: RFQ quote, 29 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 Deribit live order book, 29 min ago | 4.49 bp | 8.2 bp −$8 | 13.3 bp −$133 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 29 min ago | 5.95 bp | doesn't fit | 25.6 bp −$256 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit BCH_USDC-PERPETUALlong | −0.0565% | 1h | 270.87 | long leg | $458K | $266K | 25x | |
| Phemex BCHUSDT | −0.0190% | 8h | 270.75 | −0.043% | $4.9M | $6.5M | 50x | as long as short |
| Variational Omni BCHshort | −0.0136% | 8h | 270.92 | +0.018% | $83K | $294K | — | |
| Kraken Futures PF_BCHUSD | −0.0124% | 1h | 271.02 | +0.056% | $821K | $3.2M | 50x | as long as short |
| SoDEX BCH-USD | −0.0087% | 1h | 270.69 | −0.065% | $2K | $6K | 10x | as long as short |
| Bybit BCHUSDT | −0.0077% | 8h | 270.80 | −0.025% | $39.6M | $33.2M | 75x | as long as short |
| Injective BCH/USDC PERP | −0.0054% | 1h | 270.20 | −0.246% | $721 | $130K | 12x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0032% | 1h | 271.38 | +0.189% | $241K | $2.1M | 50x | as long as short |
| Binance BCHUSDT | −0.0027% | 8h | 270.98 | +0.042% | $75.6M | $235.0M | 75x | as long as short |
| MEXC BCH_USDT | −0.0026% | 8h | 271.46 | +0.219% | $71.1M | $6.6M | 200x | as long as short |
Phemex BCHUSDT
Kraken Futures PF_BCHUSD
SoDEX BCH-USD
Bybit BCHUSDT
Injective BCH/USDC PERP
Coinbase International BCH-PERP-INTX
Binance BCHUSDT
MEXC BCH_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BCH-USD | −0.0024% | 1h | 270.73 | −0.051% | $117K | $653K | 25x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 270.96 | +0.033% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 271.19 | +0.119% | $1.3M | $11.8M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 271.05 | +0.068% | $5K | — | 150x | as long as short |
| Gate BCH_USDT | +0.0012% | 8h | 270.82 | −0.017% | $8.4M | $14.4M | 75x | as long as short |
| Orderly PERP_BCH_USDC | +0.0024% | 8h | 270.84 | −0.010% | $2K | $176 | 10x | as long as short |
| GRVT BCH_USDT_Perp | +0.0030% | 8h | 271.04 | +0.064% | $395K | $17K | 10x | as long as short |
| Bitget BCHUSDT | +0.0036% | 8h | 270.88 | +0.005% | $19.6M | $29.6M | 75x | as long as short |
| ApeX Omni BCHUSDT | +0.0037% | 1h | 271.46 | +0.219% | $74K | $214K | 50x | as long as short |
| OKX BCH-USDT-SWAP | +0.0057% | 8h | 270.80 | −0.025% | $26.6M | $79.3M | 50x | as long as short |
| BingX BCH-USDC | +0.0059% | 8h | 270.86 | −0.003% | — | $6.5M | — | as long as short |
| BloFin BCH-USDT | +0.0094% | 8h | 270.87 | +0.001% | $4.0M | $4.2M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 270.97 | +0.037% | $375K | $554K | 10x | as long as short |
| Nado BCH-PERP | +0.0100% | 1h | 270.95 | +0.032% | $442K | $430K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 271.29 | +0.156% | $6.1M | $4.2M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 271.09 | +0.081% | $217K | $705K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 270.99 | +0.045% | $165K | $467K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 271.04 | +0.064% | $9.3M | $7.9M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 270.96 | +0.035% | $19K | $290K | 20x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 270.71 | −0.058% | $2K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 270.65 | −0.080% | $778K | $1.7M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0335% / S −0.0340% | 1h | 271.03 | +0.060% | $27K | — | 100x | as long as short |
Extended BCH-USD
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Gate BCH_USDT
Orderly PERP_BCH_USDC
GRVT BCH_USDT_Perp
Bitget BCHUSDT
ApeX Omni BCHUSDT
OKX BCH-USDT-SWAP
BingX BCH-USDC
BloFin BCH-USDT
Lighter BCH
Nado BCH-PERP
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]