Funding you earn now, next payment 04:00 UTC−0.0204%/8h= −22.4% APRnext payment −$0.26 per $10,000 · paid last 24h +0.067%
Price spread now: Nado against Deribit+0.017%7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$310.312% of the position
Funding, last 3 days (all we have)+0.097%+$10 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.017%, 7d avg −0.051%
=Together, before fees+0.097%+ Points / potential airdropNado: Active · farm board+$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.067% dearer against Deribit than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.051%): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 26 hours. Mind the row above: over the last 3 days funding on this pair paid +0.097%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit BCH_USDC-PERPETUAL | 264.91 | −0.0056 | get 0.0007% / 1h | 0m 58s | $443K | $331K | 25x |
| Short | Nado BCH-PERP | 264.95 | −0.0260 | pay 0.0032% / 1h | 0m 58s | $430K | $343K | 10x |
Deribit BCH_USDC-PERPETUAL
Nado BCH-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Deribit. 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
- −$42.87
- Price spread: +0.017% → −0.051%
- $6.72
- Slippage, 4 orders
- −$17.18
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$67.33
- Costs to cover
- 0.312%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 58 min ago; Nado: live order book, 57 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 Deribit live order book, 58 min ago | 3.66 bp | 7.2 bp −$7 | 13.6 bp −$136 | doesn't fit | doesn't fit |
| Sell Nado live order book, 57 min ago | 1.14 bp | 7.2 bp −$7 | 22.0 bp −$220 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX BCH-USDT | −0.0363% | 8h | 264.99 | +0.032% | $2K | $1.7M | 30x | as long as short |
| SoDEX BCH-USD | −0.0294% | 1h | 264.75 | −0.059% | $2K | $8K | 10x | as long as short |
| Phemex BCHUSDT | −0.0280% | 8h | 264.88 | −0.010% | $4.9M | $6.4M | 50x | as long as short |
| Nado BCH-PERPshort | −0.0260% | 1h | 264.95 | +0.017% | $430K | $343K | 10x | |
| HTX BCH-USDT | −0.0228% | 8h | 264.84 | −0.025% | $772K | $1.4M | 75x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0104% | 1h | 265.20 | +0.111% | $222K | $1.8M | 50x | as long as short |
| OKX BCH-USDT-SWAP | −0.0099% | 8h | 264.70 | −0.078% | $25.4M | $75.6M | 50x | as long as short |
| Binance BCHUSDT | −0.0089% | 8h | 264.86 | −0.017% | $71.9M | $215.1M | 75x | as long as short |
| Extended BCH-USD | −0.0088% | 1h | 264.63 | −0.106% | $112K | $958K | 25x | as long as short |
| MEXC BCH_USDT | −0.0088% | 8h | 265.34 | +0.164% | $70.4M | $7.9M | 200x | as long as short |
SunX BCH-USDT
SoDEX BCH-USD
Phemex BCHUSDT
HTX BCH-USDT
Coinbase International BCH-PERP-INTX
OKX BCH-USDT-SWAP
Binance BCHUSDT
Extended BCH-USD
MEXC BCH_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BCHUSDTM | −0.0088% | 8h | 264.96 | +0.020% | $8.5M | $7.0M | 75x | as long as short |
| Bitget BCHUSDT | −0.0079% | 8h | 264.67 | −0.089% | $18.9M | $28.1M | 75x | as long as short |
| Variational Omni BCH | −0.0073% | 8h | 265.00 | +0.037% | $81K | $197K | — | as long as short |
| GRVT BCH_USDT_Perp | −0.0064% | 8h | 265.06 | +0.060% | $386K | $17K | 10x | as long as short |
| Deribit BCH_USDC-PERPETUALlong | −0.0056% | 1h | 264.91 | long leg | $443K | $331K | 25x | |
| Gate BCH_USDT | −0.0051% | 8h | 264.94 | +0.013% | $8.3M | $13.7M | 75x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 265.03 | +0.046% | $15K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 265.15 | +0.092% | $5K | $248 | 10x | as long as short |
| Bybit BCHUSDT | 0.0000% | 8h | 264.80 | −0.040% | $39.0M | $31.1M | 75x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 265.16 | +0.096% | $1.0M | $10.3M | 2.7x | as long as short |
| BingX BCH-USDT | +0.0005% | 8h | 264.86 | −0.017% | — | $32.1M | — | as long as short |
| Kraken Futures PF_BCHUSD | +0.0011% | 1h | 265.09 | +0.069% | $853K | $3.0M | 50x | as long as short |
| BloFin BCH-USDT | +0.0031% | 8h | 264.76 | −0.055% | $3.9M | $4.3M | 50x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +1.998% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0041% | 8h | 264.77 | −0.051% | $2K | $176 | 10x | as long as short |
| Pacifica BCH | +0.0077% | 1h | 265.06 | +0.058% | $159K | $304K | 10x | as long as short |
| Aster BCHUSDT | +0.0095% | 8h | 264.91 | +0.002% | $152K | $540K | 75x | as long as short |
| Lighter BCH | +0.0096% | 1h | 264.80 | −0.041% | $357K | $490K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 265.09 | +0.069% | $5.7M | $4.6M | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 264.88 | −0.011% | $19K | $290K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 265.16 | +0.096% | $97K | $232K | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0350% / S −0.0506% | 1h | 264.96 | +0.020% | $24K | — | 100x | as long as short |
KuCoin BCHUSDTM
Bitget BCHUSDT
Variational Omni BCH
GRVT BCH_USDT_Perp
Gate BCH_USDT
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Bybit BCHUSDT
Kalshi KXBCHPERP
BingX BCH-USDT
Kraken Futures PF_BCHUSD
BloFin BCH-USDT
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
Pacifica BCH
Aster BCHUSDT
Lighter BCH
Hyperliquid BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
GMX BCH/USD [WBTC.b-USDC]