Funding you earn now, next payment 02:00 UTC−0.0479%/8h= −52.4% APRpaid last 24h −0.063%
Price spread now: Deribit against Variational Omni−0.147%7-day average +0.051% · 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)−0.107%−$11 on $10k
+Price spread, last 3 days (all we have)+0.262%+$26 · spread now −0.147%, 7d avg +0.051%
=Together, before fees+0.154%+ Points / potential airdropVariational Omni: Active · farm board+$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Deribit is 0.197% cheaper against Variational Omni than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.051%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.107% in total (about -11.5% 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 | Variational Omni BCH | 266.11 | −0.0117 | get 0.0117% / 8h | 6h 24m | $82K | $253K | — |
| Short | Deribit BCH_USDC-PERPETUAL | 265.72 | −0.0596 | pay 0.0075% / 1h | 24m 01s | $449K | $255K | 25x |
Variational Omni BCH
Deribit BCH_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$100.56
- Price spread: −0.147% → +0.051%
- −$19.73
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$127.29
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 45 min ago; Deribit: live order book, 45 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, 45 min ago | 5.97 bp | doesn't fit | 24.2 bp −$242 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 45 min ago | 4.47 bp | 9.0 bp −$9 | 15.6 bp −$156 | doesn't fit | doesn't fit |
BCH on 31 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 | −0.0852% | 8h | 265.46 | −0.243% | $1K | $1.8M | 30x | as long as short |
| Deribit BCH_USDC-PERPETUALshort | −0.0596% | 1h | 265.72 | −0.147% | $449K | $255K | 25x | |
| SoDEX BCH-USD | −0.0530% | 1h | 265.60 | −0.190% | $2K | $6K | 10x | as long as short |
| Phemex BCHUSDT | −0.0469% | 8h | 265.43 | −0.254% | $4.9M | $6.6M | 50x | as long as short |
| HTX BCH-USDT | −0.0313% | 8h | 265.56 | −0.205% | $778K | $1.6M | 75x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0299% | 1h | 265.88 | −0.084% | $852K | $3.1M | 50x | as long as short |
| GRVT BCH_USDT_Perp | −0.0183% | 8h | 265.53 | −0.217% | $387K | $17K | 10x | as long as short |
| ApeX Omni BCHUSDT | −0.0175% | 1h | 265.37 | −0.277% | $97K | $227K | 50x | as long as short |
| Variational Omni BCHlong | −0.0117% | 8h | 266.11 | long leg | $82K | $253K | — | |
| Gate BCH_USDT | −0.0114% | 8h | 265.97 | −0.051% | $8.4M | $13.5M | 75x | as long as short |
SunX BCH-USDT
SoDEX BCH-USD
Phemex BCHUSDT
HTX BCH-USDT
Kraken Futures PF_BCHUSD
GRVT BCH_USDT_Perp
ApeX Omni BCHUSDT
Gate BCH_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BCH-PERP-INTX | −0.0112% | 1h | 265.88 | −0.085% | $232K | $2.0M | 50x | as long as short |
| Binance BCHUSDT | −0.0096% | 8h | 265.84 | −0.100% | $72.0M | $229.8M | 75x | as long as short |
| Extended BCH-USD | −0.0096% | 1h | 265.53 | −0.216% | $112K | $962K | 25x | as long as short |
| MEXC BCH_USDT | −0.0095% | 8h | 266.08 | −0.010% | $70.2M | $7.0M | 200x | as long as short |
| Bybit BCHUSDT | −0.0065% | 8h | 265.90 | −0.077% | $39.2M | $33.0M | 75x | as long as short |
| OKX BCH-USDT-SWAP | −0.0047% | 8h | 265.70 | −0.153% | $25.3M | $78.2M | 50x | as long as short |
| Bitget BCHUSDT | −0.0041% | 8h | 265.83 | −0.104% | $19.1M | $29.2M | 75x | as long as short |
| Nado BCH-PERP | −0.0035% | 1h | 265.60 | −0.190% | $421K | $380K | 10x | as long as short |
| BingX BCH-USDT | −0.0031% | 8h | 265.92 | −0.070% | — | $32.3M | — | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 266.25 | +0.056% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 266.22 | +0.043% | $1.1M | $10.7M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 265.86 | −0.092% | $4K | — | 150x | as long as short |
| KuCoin BCHUSDTM | +0.0029% | 8h | 265.86 | −0.092% | $8.6M | $7.5M | 75x | as long as short |
| Orderly PERP_BCH_USDC | +0.0033% | 8h | 265.62 | −0.183% | $2K | $176 | 10x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +1.538% | $721 | $130K | 12x | as long as short |
| Pacifica BCH | +0.0040% | 1h | 265.91 | −0.075% | $162K | $404K | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 265.73 | −0.143% | $366K | $478K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 266.12 | +0.005% | $5.8M | $5.0M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 265.75 | −0.134% | $168K | $697K | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 265.36 | −0.281% | $19K | $291K | 20x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0333% / S −0.0451% | 1h | 265.86 | −0.092% | $25K | — | 100x | as long as short |
Coinbase International BCH-PERP-INTX
Binance BCHUSDT
Extended BCH-USD
MEXC BCH_USDT
Bybit BCHUSDT
OKX BCH-USDT-SWAP
Bitget BCHUSDT
Nado BCH-PERP
BingX BCH-USDT
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
KuCoin BCHUSDTM
Orderly PERP_BCH_USDC
Injective BCH/USDC PERP
Pacifica BCH
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
edgeX BCHUSDC
GMX BCH/USD [WBTC.b-USDC]