Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0078%/8h= +8.5% APRpaid last 24h −0.024%

Price spread now: Nado against BingX−0.022%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on BingX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.088%−$9 on $10k

Price spread, last 3 days (all we have)+0.357%+$36 · spread now −0.022%, 7d avg −0.021%

Together, before fees+0.269%+ Points / potential airdropNado: Active · farm board+$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.088%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BCH-USDT	266.95	−0.0025	get 0.0025% / 8h	2h 53m	—	$32.2M	—
Short	Nado BCH-PERP	266.89	0.0053	get 0.0007% / 1h	53m 23s	$439K	$428K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BingX. 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 BingXbpFee NadobpOrdersPrice spread, now −0.022%Rate

Funding earned: $16.36
Price spread: −0.022% → −0.021%: −$0.02
Slippage, 4 orders: −$11.83
Fee BingX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$12.49
Costs to cover: 0.288%
Break-even: 12.3 days

Slippage from BingX: live order book, 15 min ago; Nado: live order book, 34 min ago.

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 BingX live order book, 15 min ago	0.56 bp	6.4 bp −$6	7.4 bp −$74	9.7 bp −$974	16.5 bp −$8,248
Sell Nado live order book, 34 min ago	0.56 bp	7.8 bp −$8	20.6 bp −$206	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	−0.0323%	1h	266.80	−0.055%	$436K	$251K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	267.23	+0.105%	$713	$80K	12x	as long as short
Phemex BCHUSDT	−0.0195%	8h	266.77	−0.067%	$4.9M	$6.3M	50x	as long as short
MEXC BCH_USDT	−0.0123%	8h	267.51	+0.210%	$70.8M	$6.3M	200x	as long as short
Binance BCHUSDT	−0.0122%	8h	266.94	−0.004%	$73.7M	$231.5M	75x	as long as short
Extended BCH-USD	−0.0120%	1h	266.87	−0.031%	$105K	$643K	25x	as long as short
Bybit BCHUSDT	−0.0112%	8h	266.90	−0.019%	$39.4M	$32.4M	75x	as long as short
Variational Omni BCH	−0.0085%	8h	266.75	−0.075%	$85K	$291K	—	as long as short
GRVT BCH_USDT_Perp	−0.0073%	8h	267.12	+0.062%	$389K	$17K	10x	as long as short
SoDEX BCH-USD	−0.0067%	1h	266.77	−0.067%	$2K	$6K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BCHUSDT	−0.0058%	8h	266.90	−0.019%	$20.0M	$29.2M	75x	as long as short
Gate BCH_USDT	−0.0043%	8h	267.03	+0.030%	$8.3M	$14.3M	75x	as long as short
BingX BCH-USDTlong	−0.0025%	8h	266.95	long leg	—	$32.2M	—
Coinbase International BCH-PERP-INTX	−0.0024%	1h	267.21	+0.097%	$255K	$2.1M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0023%	8h	266.90	−0.019%	$26.1M	$76.4M	50x	as long as short
BloFin BCH-USDT	−0.0003%	8h	267.07	+0.045%	$4.0M	$4.1M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	267.07	+0.045%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.85	−0.037%	$1.1M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.08	+0.048%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	266.90	−0.019%	$2K	$176	10x	as long as short
Nado BCH-PERPshort	+0.0053%	1h	266.89	−0.022%	$439K	$428K	10x
KuCoin BCHUSDTM	+0.0068%	8h	267.03	+0.030%	$8.8M	$8.1M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	266.96	+0.005%	$803K	$3.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	266.85	−0.039%	$375K	$579K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.27	+0.120%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.13	+0.066%	$234K	$674K	75x	as long as short
Pacifica BCH	+0.0100%	1h	266.89	−0.022%	$168K	$461K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.99	+0.014%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	266.97	+0.007%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.54	−0.154%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	266.45	−0.187%	$766K	$1.7M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0365% / S −0.0554%	1h	267.08	+0.049%	$25K	—	100x	as long as short