Funding you earn now, next payment 22:00 UTC−0.0182%/8h= −20.0% APRpaid last 24h −0.024%
Price spread now: Variational Omni against Hyperliquid−0.243%7-day average −0.069% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.067%−$7 on $10k
+Price spread, last 3 days (all we have)+0.212%+$21 · spread now −0.243%, 7d avg −0.069%
=Together, before fees+0.144%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Variational Omni is 0.174% cheaper against Hyperliquid than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.069%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BCH | 267.40 | 0.0100 | pay 0.0013% / 1h | 45m 39s | $6.0M | $4.1M | 10x |
| Short | Variational Omni BCH | 266.75 | −0.0082 | pay 0.0082% / 8h | 2h 45m | $85K | $291K | — |
Hyperliquid BCH
Variational Omni BCHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Hyperliquid. 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
- −$38.31
- Price spread: −0.243% → −0.069%
- −$17.37
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$64.68
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 6 min ago; Variational Omni: RFQ quote, 43 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 Hyperliquid live order book, 6 min ago | 0.94 bp | 6.9 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 43 min ago | 5.99 bp | doesn't fit | 20.7 bp −$207 | 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-PERPETUAL | −0.0390% | 1h | 267.11 | −0.110% | $437K | $248K | 25x | as long as short |
| Injective BCH/USDC PERP | −0.0304% | 1h | 267.23 | −0.064% | $713 | $80K | 12x | as long as short |
| Phemex BCHUSDT | −0.0198% | 8h | 267.03 | −0.138% | $4.9M | $6.3M | 50x | as long as short |
| SoDEX BCH-USD | −0.0181% | 1h | 266.97 | −0.161% | $2K | $6K | 10x | as long as short |
| Binance BCHUSDT | −0.0121% | 8h | 267.06 | −0.129% | $73.7M | $229.3M | 75x | as long as short |
| Extended BCH-USD | −0.0120% | 1h | 267.02 | −0.142% | $105K | $643K | 25x | as long as short |
| MEXC BCH_USDT | −0.0120% | 8h | 267.75 | +0.131% | $70.9M | $6.3M | 200x | as long as short |
| Bybit BCHUSDT | −0.0097% | 8h | 266.99 | −0.153% | $39.3M | $32.1M | 75x | as long as short |
| Variational Omni BCHshort | −0.0082% | 8h | 266.75 | −0.243% | $85K | $291K | — | |
| GRVT BCH_USDT_Perp | −0.0067% | 8h | 266.89 | −0.191% | $389K | $17K | 10x | as long as short |
Deribit BCH_USDC-PERPETUAL
Injective BCH/USDC PERP
Phemex BCHUSDT
SoDEX BCH-USD
Binance BCHUSDT
Extended BCH-USD
MEXC BCH_USDT
Bybit BCHUSDT
GRVT BCH_USDT_PerpShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BCHUSDT | −0.0056% | 8h | 267.10 | −0.112% | $20.0M | $28.7M | 75x | as long as short |
| Gate BCH_USDT | −0.0040% | 8h | 267.19 | −0.079% | $8.4M | $14.3M | 75x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0024% | 1h | 266.89 | −0.191% | $254K | $2.0M | 50x | as long as short |
| OKX BCH-USDT-SWAP | −0.0017% | 8h | 266.90 | −0.187% | $26.2M | $75.4M | 50x | as long as short |
| BingX BCH-USDC | −0.0016% | 8h | 267.14 | −0.097% | — | $6.5M | — | as long as short |
| BloFin BCH-USDT | −0.0001% | 8h | 267.16 | −0.090% | $4.0M | $4.1M | 50x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 267.28 | −0.046% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 267.36 | −0.015% | $1.1M | $11.4M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 267.18 | −0.081% | $4K | — | 150x | as long as short |
| Orderly PERP_BCH_USDC | +0.0029% | 8h | 266.99 | −0.153% | $2K | $176 | 10x | as long as short |
| Nado BCH-PERP | +0.0073% | 1h | 267.13 | −0.103% | $440K | $426K | 10x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0074% | 1h | 267.27 | −0.048% | $804K | $3.2M | 50x | as long as short |
| KuCoin BCHUSDTM | +0.0075% | 8h | 267.18 | −0.082% | $8.8M | $8.0M | 75x | as long as short |
| Lighter BCH | +0.0096% | 1h | 267.14 | −0.096% | $375K | $580K | 10x | as long as short |
| Hyperliquid BCHlong | +0.0100% | 1h | 267.40 | long leg | $6.0M | $4.1M | 10x | |
| Aster BCHUSDT | +0.0100% | 8h | 267.23 | −0.064% | $234K | $674K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 267.17 | −0.086% | $169K | $461K | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 266.90 | −0.187% | $19K | $289K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 266.97 | −0.161% | $73K | $214K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 266.84 | −0.209% | $1K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 266.89 | −0.191% | $768K | $1.6M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0365% / S −0.0554% | 1h | 267.17 | −0.087% | $25K | — | 100x | as long as short |
Bitget BCHUSDT
Gate BCH_USDT
Coinbase International BCH-PERP-INTX
OKX BCH-USDT-SWAP
BingX BCH-USDC
BloFin BCH-USDT
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Orderly PERP_BCH_USDC
Nado BCH-PERP
Kraken Futures PF_BCHUSD
KuCoin BCHUSDTM
Lighter BCH
Aster BCHUSDT
Pacifica BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]