Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.024%

Price spread now: Nado against HTX+0.028%7-day average −0.012% · 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−$71as in the Price arb table

costs, in and out, $10k−$750.754% of the position

Long on HTX 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)+0.142%+$14 · spread now +0.028%, 7d avg −0.012%

Together, before fees+0.054%+ Points / potential airdropNado: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.040% dearer against HTX than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of −0.012%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.3 days. At the pace of the last 3 days (−0.088% in total) that is about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BCH-USDT	266.91	0.0100	pay 0.0100% / 8h	2h 50m	$768K	$1.7M	75x
Short	Nado BCH-PERP	266.98	0.0060	get 0.0007% / 1h	50m 06s	$440K	$428K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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 HTXbpFee NadobpOrdersPrice spread, now +0.028%Rate

Funding earned: −$8.48
Price spread: +0.028% → −0.012%: $4.03
Slippage, 4 orders: −$56.37
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$79.82
Costs to cover: 0.754%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; Nado: live order book, 37 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 HTX live order book, 4 min ago	15.56 bp	31.4 bp −$31	262.7 bp −$2,627	doesn't fit	doesn't fit
Sell Nado live order book, 37 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	−0.0371%	1h	267.05	+0.053%	$437K	$251K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	267.23	+0.120%	$713	$80K	12x	as long as short
Phemex BCHUSDT	−0.0198%	8h	266.96	+0.019%	$4.9M	$6.3M	50x	as long as short
SoDEX BCH-USD	−0.0137%	1h	266.82	−0.034%	$2K	$6K	10x	as long as short
Binance BCHUSDT	−0.0121%	8h	266.90	−0.004%	$73.7M	$231.6M	75x	as long as short
Extended BCH-USD	−0.0120%	1h	266.86	−0.017%	$105K	$643K	25x	as long as short
MEXC BCH_USDT	−0.0120%	8h	267.55	+0.240%	$70.8M	$6.3M	200x	as long as short
Bybit BCHUSDT	−0.0109%	8h	266.81	−0.037%	$39.3M	$32.4M	75x	as long as short
Variational Omni BCH	−0.0082%	8h	266.75	−0.059%	$85K	$291K	—	as long as short
GRVT BCH_USDT_Perp	−0.0073%	8h	267.12	+0.077%	$389K	$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	−0.0057%	8h	266.88	−0.011%	$20.0M	$29.2M	75x	as long as short
Gate BCH_USDT	−0.0040%	8h	266.98	+0.026%	$8.3M	$14.3M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	266.89	−0.007%	$254K	$2.1M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0021%	8h	266.90	−0.004%	$26.1M	$76.3M	50x	as long as short
BingX BCH-USDT	−0.0018%	8h	266.95	+0.015%	—	$32.2M	—	as long as short
BloFin BCH-USDT	−0.0001%	8h	266.81	−0.037%	$4.0M	$4.1M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	267.09	+0.069%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.25	+0.127%	$1.1M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.19	+0.105%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0029%	8h	266.94	+0.011%	$2K	$176	10x	as long as short
Nado BCH-PERPshort	+0.0060%	1h	266.98	+0.028%	$440K	$428K	10x
KuCoin BCHUSDTM	+0.0072%	8h	266.99	+0.030%	$8.8M	$8.1M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	267.14	+0.086%	$804K	$3.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	266.93	+0.006%	$375K	$580K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.29	+0.142%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.10	+0.071%	$234K	$674K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.04	+0.050%	$168K	$461K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.90	−0.005%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	267.03	+0.045%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.81	−0.037%	$1K	$2.0M	30x	as long as short
HTX BCH-USDTlong	+0.0100%	8h	266.91	long leg	$768K	$1.7M	75x
GMX BCH/USD [WBTC.b-USDC]	L +0.0365% / S −0.0554%	1h	267.13	+0.083%	$25K	—	100x	as long as short