Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0130%/8h= −14.2% APRpaid last 24h −0.056%

Price spread now: Nado against BloFin−0.007%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−$39as in the Price arb table

costs, in and out, $10k−$400.404% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.140%−$14 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.007%, 7d avg −0.021%

Together, before fees−0.163%+ Points / potential airdropNado: Active · farm board−$16 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: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BCH-USDT	264.49	0.0072	pay 0.0072% / 8h	2h 19m	$3.9M	$4.4M	50x
Short	Nado BCH-PERP	264.47	−0.0058	pay 0.0007% / 1h	19m 09s	$433K	$354K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BloFin. 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 BloFinbpFee NadobpOrdersPrice spread, now −0.007%Rate

Funding earned: −$27.2
Price spread: −0.007% → −0.021%: $1.42
Slippage, 4 orders: −$21.36
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$66.13
Costs to cover: 0.404%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Nado: live order book, 29 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 BloFin live order book, 4 min ago	0.38 bp	9.5 bp −$9	17.4 bp −$174	doesn't fit	doesn't fit
Sell Nado live order book, 29 min ago	0.95 bp	7.4 bp −$7	19.0 bp −$190	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
HTX BCH-USDT	−0.0224%	8h	264.38	−0.042%	$772K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0201%	1h	264.54	+0.019%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0185%	8h	264.53	+0.015%	$4.9M	$6.6M	50x	as long as short
Bitget BCHUSDT	−0.0106%	8h	264.64	+0.057%	$18.9M	$28.4M	75x	as long as short
KuCoin BCHUSDTM	−0.0095%	8h	264.65	+0.060%	$8.5M	$6.8M	75x	as long as short
Variational Omni BCH	−0.0076%	8h	263.30	−0.448%	$81K	$196K	—	as long as short
SunX BCH-USDT	−0.0073%	8h	264.46	−0.011%	$1K	$1.7M	30x	as long as short
OKX BCH-USDT-SWAP	−0.0071%	8h	264.50	+0.004%	$25.1M	$77.8M	50x	as long as short
Nado BCH-PERPshort	−0.0058%	1h	264.47	−0.007%	$433K	$354K	10x
MEXC BCH_USDT	−0.0050%	8h	265.05	+0.212%	$70.4M	$8.4M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0048%	1h	264.41	−0.029%	$115K	$1.1M	25x	as long as short
Binance BCHUSDT	−0.0048%	8h	264.60	+0.042%	$73.0M	$220.2M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0040%	1h	264.80	+0.117%	$217K	$1.9M	50x	as long as short
Bybit BCHUSDT	−0.0029%	8h	264.44	−0.019%	$38.9M	$31.7M	75x	as long as short
BingX BCH-USDC	−0.0023%	8h	264.56	+0.026%	—	$6.5M	—	as long as short
GRVT BCH_USDT_Perp	−0.0022%	8h	262.55	−0.733%	$383K	$17K	10x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.62	+0.050%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.53	+0.014%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.41	−0.030%	$983K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.70	+0.080%	$441K	$333K	25x	as long as short
Gate BCH_USDT	+0.0026%	8h	264.73	+0.091%	$8.3M	$13.9M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.159%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0045%	8h	264.56	+0.026%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0065%	8h	264.57	+0.029%	$153K	$556K	75x	as long as short
BloFin BCH-USDTlong	+0.0072%	8h	264.49	long leg	$3.9M	$4.4M	50x
Lighter BCH	+0.0096%	1h	264.57	+0.031%	$353K	$497K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.85	+0.136%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	264.50	+0.003%	$158K	$309K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.56	−0.353%	$18K	$348K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	262.75	−0.658%	$94K	$237K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0180%	1h	264.73	+0.092%	$845K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.68	+0.072%	$12K	—	100x	as long as short