Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0610%/8h= +66.8% APRpaid last 24h +0.094%

Price spread now: GMX against Variational Omni+0.215%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and GMX is 0.215% dearer against Variational Omni than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BCH	263.60	−0.0085	get 0.0085% / 8h	4h 43m	$81K	$201K	—
Short	GMX BCH/USD [WBTC.b-USDC]	264.17	L +0.0356% / S −0.0525%	get 0.0066% / 1h	43m 09s	$25K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee GMXbpOrdersPrice spread, now +0.215%Rate

Funding earned: $128.05
Price spread: +0.215% → 0.000%: $21.48
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $137.52
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 16 min ago; GMX: no order-book sample. 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, 16 min ago	6.02 bp	doesn't fit	28.6 bp −$286	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
SunX BCH-USDT	−0.0733%	8h	263.97	+0.140%	$2K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0324%	8h	264.35	+0.284%	$771K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0309%	8h	263.98	+0.144%	$4.9M	$6.4M	50x	as long as short
SoDEX BCH-USD	−0.0305%	1h	263.95	+0.132%	$2K	$8K	10x	as long as short
Nado BCH-PERP	−0.0225%	1h	264.05	+0.170%	$420K	$338K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0129%	1h	264.05	+0.169%	$442K	$331K	25x	as long as short
GRVT BCH_USDT_Perp	−0.0113%	8h	263.84	+0.092%	$385K	$17K	10x	as long as short
Binance BCHUSDT	−0.0104%	8h	263.91	+0.117%	$71.9M	$213.5M	75x	as long as short
Extended BCH-USD	−0.0104%	1h	263.78	+0.068%	$114K	$955K	25x	as long as short
MEXC BCH_USDT	−0.0104%	8h	264.43	+0.314%	$70.0M	$7.5M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTX	−0.0104%	1h	264.08	+0.182%	$219K	$1.8M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0094%	8h	263.90	+0.113%	$24.9M	$74.1M	50x	as long as short
Gate BCH_USDT	−0.0093%	8h	264.06	+0.174%	$8.3M	$13.5M	75x	as long as short
KuCoin BCHUSDTM	−0.0092%	8h	264.18	+0.220%	$8.5M	$7.1M	75x	as long as short
Variational Omni BCHlong	−0.0085%	8h	263.60	long leg	$81K	$201K	—
Bitget BCHUSDT	−0.0077%	8h	263.83	+0.087%	$19.0M	$28.1M	75x	as long as short
ApeX Omni BCHUSDT	−0.0050%	1h	263.82	+0.083%	$96K	$228K	50x	as long as short
BingX BCH-USDT	−0.0028%	8h	264.02	+0.159%	—	$32.1M	—	as long as short
Bybit BCHUSDT	−0.0022%	8h	263.90	+0.113%	$39.0M	$30.9M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.18	+0.220%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.55	+0.361%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.53	+0.352%	$1.0M	$10.2M	2.7x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	264.16	+0.210%	$846K	$3.0M	50x	as long as short
BloFin BCH-USDT	+0.0016%	8h	264.05	+0.170%	$3.9M	$4.2M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.503%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0034%	8h	263.94	+0.129%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	264.36	+0.286%	$161K	$306K	10x	as long as short
Lighter BCH	+0.0096%	1h	263.99	+0.147%	$360K	$484K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.18	+0.220%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	264.15	+0.208%	$166K	$520K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.39	−0.079%	$19K	$291K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]short	L +0.0356% / S −0.0525%	1h	264.17	+0.215%	$25K	—	100x