Funding you earn now, next payment 00:00 UTC+0.0242%/8hnext payment +$2.42 per $10,000 · paid last 24h −0.002%
Price spread now: Variational Omni against Phemex−0.132%7-day average −0.025% · 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)+0.036%+$4 on $10k
+Price spread, last 3 days (all we have)+0.041%+$4 · spread now −0.132%, 7d avg −0.025%
=Together, before fees+0.077%+ Points / potential airdropVariational Omni: Active · farm board+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.107% cheaper against Phemex than usual: you would sell low and buy high (spread −0.132% now, against its 7-day average of −0.025%). If the spread goes back, that is −$11 on $10k: about 36 hours of funding at the current rate (+$7 a day). At the pace of the last 3 days (+0.036% in total) that is about 9.4 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 4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.42 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 | Phemex BCHUSDT | 265.70 | −0.0273 | get 0.0273% / 8h | 4h 06m | $4.8M | $5.9M | 50x |
| Short | Variational Omni BCH | 265.35 | −0.0031 | pay 0.0031% / 8h | 4h 06m | $75K | $277K | — |
Phemex BCHUSDT
Variational Omni BCHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Phemex. 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
- $50.81
- Price spread: −0.132% → −0.025%
- −$10.74
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $28.07
- Costs to cover
- 0.120%
- Break-even
- 3.1 days
Slippage unknown: Phemex: live order book, 2 min ago; Variational Omni: RFQ quote, 27 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 Phemex live order book, 2 min ago | 0.19 bp | 17.0 bp −$17 | 24.9 bp −$249 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 27 min ago | 6.02 bp | doesn't fit | 26.9 bp −$269 | 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 | −0.0453% | 1h | 265.74 | +0.015% | $2K | $6K | 10x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0306% | 1h | 265.96 | +0.098% | $433K | $252K | 25x | as long as short |
| Phemex BCHUSDTlong | −0.0273% | 8h | 265.70 | long leg | $4.8M | $5.9M | 50x | |
| Kraken Futures PF_BCHUSD | −0.0198% | 1h | 266.06 | +0.135% | $813K | $3.1M | 50x | as long as short |
| GRVT BCH_USDT_Perp | −0.0137% | 8h | 265.47 | −0.088% | $387K | $17K | 10x | as long as short |
| Extended BCH-USD | −0.0128% | 1h | 265.72 | +0.007% | $103K | $646K | 25x | as long as short |
| Binance BCHUSDT | −0.0125% | 8h | 265.78 | +0.030% | $73.1M | $225.5M | 75x | as long as short |
| MEXC BCH_USDT | −0.0123% | 8h | 266.34 | +0.241% | $70.5M | $5.9M | 200x | as long as short |
| Nado BCH-PERP | −0.0111% | 1h | 265.64 | −0.024% | $452K | $387K | 10x | as long as short |
| Bybit BCHUSDT | −0.0104% | 8h | 265.70 | 0.000% | $39.3M | $31.8M | 75x | as long as short |
SoDEX BCH-USD
Deribit BCH_USDC-PERPETUAL
Kraken Futures PF_BCHUSD
GRVT BCH_USDT_Perp
Extended BCH-USD
Binance BCHUSDT
MEXC BCH_USDT
Nado BCH-PERP
Bybit BCHUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BCH_USDT | −0.0101% | 8h | 265.86 | +0.060% | $8.3M | $14.2M | 75x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0072% | 1h | 265.85 | +0.056% | $223K | $2.0M | 50x | as long as short |
| Bitget BCHUSDT | −0.0043% | 8h | 265.70 | 0.000% | $19.3M | $27.6M | 75x | as long as short |
| SunX BCH-USDT | −0.0032% | 8h | 265.66 | −0.015% | $1K | $2.0M | 30x | as long as short |
| Variational Omni BCHshort | −0.0031% | 8h | 265.35 | −0.132% | $75K | $277K | — | |
| HTX BCH-USDT | −0.0009% | 8h | 265.64 | −0.023% | $772K | $1.5M | 75x | as long as short |
| OKX BCH-USDT-SWAP | −0.0005% | 8h | 265.80 | +0.038% | $24.9M | $72.8M | 50x | as long as short |
| BloFin BCH-USDT | −0.0004% | 8h | 265.82 | +0.045% | $3.9M | $4.0M | 50x | as long as short |
| BingX BCH-USDC | −0.0002% | 8h | 265.82 | +0.045% | — | $6.5M | — | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 265.99 | +0.109% | $5K | $229 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 266.29 | +0.222% | $1.0M | $11.4M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 266.08 | +0.143% | $4K | — | 150x | as long as short |
| KuCoin BCHUSDTM | +0.0022% | 8h | 265.88 | +0.068% | $8.9M | $8.0M | 75x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 264.28 | −0.534% | $705 | $52K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0043% | 8h | 265.78 | +0.030% | $2K | $176 | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 265.79 | +0.033% | $376K | $598K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 266.11 | +0.154% | $5.2M | $3.8M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 265.82 | +0.043% | $237K | $669K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 265.75 | +0.019% | $167K | $452K | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 265.71 | +0.005% | $21K | $285K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 265.92 | +0.083% | $72K | $216K | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0331% / S −0.0444% | 1h | 266.04 | +0.129% | $25K | — | 100x | as long as short |
Gate BCH_USDT
Coinbase International BCH-PERP-INTX
Bitget BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
OKX BCH-USDT-SWAP
BloFin BCH-USDT
BingX BCH-USDC
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
KuCoin BCHUSDTM
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
GMX BCH/USD [WBTC.b-USDC]