Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h −0.019%

Price spread now: Nado against Bybit−0.133%7-day average +0.001% · 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−$57as in the Price arb table

costs, in and out, $10k−$430.432% of the position

Long on Bybit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.060%−$6 on $10k

Price spread, last 3 days (all we have)+0.365%+$37 · spread now −0.133%, 7d avg +0.001%

Together, before fees+0.306%+ Points / potential airdropNado: Active · farm board+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.134% cheaper against Bybit than usual: you would sell low and buy high (spread −0.133% now, against its 7-day average of +0.001%). If the spread goes back, that is −$13 on $10k: about 2.9 days of funding at the current rate (+$5 a day). Mind the row above: over the last 3 days funding on this pair cost −0.060%, 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	Bybit BCHUSDT	268.00	−0.0068	get 0.0068% / 8h	2h 34m	$39.5M	$32.0M	75x
Short	Nado BCH-PERP	267.64	0.0088	get 0.0011% / 1h	34m 50s	$438K	$427K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bybit. 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 BybitbpFee NadobpOrdersPrice spread, now −0.133%Rate

Funding earned: $32.82
Price spread: −0.133% → +0.001%: −$13.44
Slippage, 4 orders: −$25.2
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$23.82
Costs to cover: 0.432%
Break-even: 12.1 days

Slippage from Bybit: live order book, 4 min ago; Nado: live order book, 53 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 Bybit live order book, 4 min ago	1.87 bp	14.5 bp −$15	29.2 bp −$292	78.5 bp −$7,848	doesn't fit
Sell Nado live order book, 53 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	−0.0317%	1h	267.86	−0.052%	$438K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	267.23	−0.287%	$713	$80K	12x	as long as short
Phemex BCHUSDT	−0.0197%	8h	267.76	−0.090%	$4.9M	$6.2M	50x	as long as short
SoDEX BCH-USD	−0.0188%	1h	267.74	−0.097%	$2K	$6K	10x	as long as short
Extended BCH-USD	−0.0120%	1h	267.97	−0.011%	$105K	$643K	25x	as long as short
Binance BCHUSDT	−0.0117%	8h	268.02	+0.008%	$74.0M	$229.1M	75x	as long as short
MEXC BCH_USDT	−0.0116%	8h	268.68	+0.254%	$71.1M	$6.4M	200x	as long as short
Variational Omni BCH	−0.0080%	8h	267.64	−0.134%	$85K	$291K	—	as long as short
Bybit BCHUSDTlong	−0.0068%	8h	268.00	long leg	$39.5M	$32.0M	75x
GRVT BCH_USDT_Perp	−0.0051%	8h	268.04	+0.013%	$391K	$17K	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	−0.0050%	8h	268.02	+0.007%	$20.0M	$28.8M	75x	as long as short
Gate BCH_USDT	−0.0033%	8h	268.05	+0.019%	$8.4M	$14.4M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	267.90	−0.037%	$246K	$2.1M	50x	as long as short
BingX BCH-USDC	−0.0007%	8h	268.03	+0.011%	—	$6.5M	—	as long as short
OKX BCH-USDT-SWAP	−0.0005%	8h	268.00	0.000%	$26.3M	$75.8M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	267.81	−0.070%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.87	−0.049%	$1.1M	$11.4M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.87	−0.047%	$4K	—	150x	as long as short
BloFin BCH-USDT	+0.0003%	8h	267.76	−0.090%	$4.0M	$4.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0029%	8h	267.72	−0.104%	$2K	$176	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	268.03	+0.012%	$804K	$3.2M	50x	as long as short
KuCoin BCHUSDTM	+0.0087%	8h	268.00	0.000%	$8.9M	$8.0M	75x	as long as short
Nado BCH-PERPshort	+0.0088%	1h	267.64	−0.133%	$438K	$427K	10x
Lighter BCH	+0.0096%	1h	267.77	−0.087%	$375K	$580K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.34	+0.127%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.91	−0.035%	$234K	$660K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.67	−0.122%	$169K	$460K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.36	−0.238%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.16	+0.060%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.54	−0.172%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.63	−0.138%	$770K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0372% / S −0.0574%	1h	267.87	−0.049%	$26K	—	100x	as long as short