BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0264%/8h= +28.9% APRnext payment +$0.33 per $10,000 · paid last 24h +0.023%

Price spread now: Nado against Kraken Futures−0.107%7-day average −0.078% · 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−$45as in the Price arb table

costs, in and out, $10k−$420.418% of the position

Long on Kraken Futures Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 3 days (all we have)+0.015%+$1 · spread now −0.107%, 7d avg −0.078%

Together, before fees+0.024%+ Points / potential airdropNado: Active · farm board+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.029% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.107% now, against its 7-day average of −0.078%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$8 a day). At the pace of the last 3 days (+0.010% in total) that is about 9.6 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.010% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.33 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BCHUSD	265.88	−0.0299	get 0.0037% / 1h	23m 48s	$852K	$3.1M	50x
Short	Nado BCH-PERP	265.60	−0.0035	pay 0.0004% / 1h	23m 48s	$421K	$380K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Kraken Futures. 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 Kraken FuturesbpFee NadobpOrdersPrice spread, now −0.107%Rate

Funding earned: $55.45
Price spread: −0.107% → −0.078%: −$2.86
Slippage, 4 orders: −$24.83
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $10.76
Costs to cover: 0.418%
Break-even: 5.6 days

Slippage from Kraken Futures: live order book, 5 min ago; Nado: live order book, 44 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 Kraken Futures live order book, 5 min ago	3.01 bp	15.2 bp −$15	24.7 bp −$247	doesn't fit	doesn't fit
Sell Nado live order book, 44 min ago	1.30 bp	9.0 bp −$9	21.1 bp −$211	doesn't fit	doesn't fit

BCH on 31 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	−0.0852%	8h	265.46	−0.159%	$1K	$1.8M	30x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0596%	1h	265.72	−0.063%	$449K	$255K	25x	as long as short
SoDEX BCH-USD	−0.0530%	1h	265.60	−0.107%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0469%	8h	265.43	−0.171%	$4.9M	$6.6M	50x	as long as short
HTX BCH-USDT	−0.0313%	8h	265.56	−0.122%	$778K	$1.6M	75x	as long as short
Kraken Futures PF_BCHUSDlong	−0.0299%	1h	265.88	long leg	$852K	$3.1M	50x
GRVT BCH_USDT_Perp	−0.0183%	8h	265.53	−0.134%	$387K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0175%	1h	265.37	−0.193%	$97K	$227K	50x	as long as short
Variational Omni BCH	−0.0117%	8h	266.11	+0.084%	$82K	$253K	—	as long as short
Gate BCH_USDT	−0.0114%	8h	265.93	+0.017%	$8.4M	$13.5M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTX	−0.0112%	1h	265.88	−0.001%	$232K	$2.0M	50x	as long as short
Binance BCHUSDT	−0.0096%	8h	265.88	−0.001%	$72.0M	$229.8M	75x	as long as short
Extended BCH-USD	−0.0096%	1h	265.78	−0.039%	$112K	$962K	25x	as long as short
MEXC BCH_USDT	−0.0095%	8h	266.18	+0.112%	$70.2M	$7.0M	200x	as long as short
Bybit BCHUSDT	−0.0065%	8h	265.90	+0.006%	$39.2M	$33.0M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0047%	8h	265.80	−0.031%	$25.3M	$78.3M	50x	as long as short
Bitget BCHUSDT	−0.0041%	8h	265.85	−0.013%	$19.1M	$29.2M	75x	as long as short
Nado BCH-PERPshort	−0.0035%	1h	265.60	−0.107%	$421K	$380K	10x
BingX BCH-USDT	−0.0031%	8h	265.85	−0.013%	—	$32.3M	—	as long as short
dYdX BCH-USD	0.0000%	1h	266.25	+0.140%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.22	+0.127%	$1.1M	$10.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.86	−0.009%	$4K	—	150x	as long as short
KuCoin BCHUSDTM	+0.0029%	8h	265.86	−0.009%	$8.6M	$7.5M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0033%	8h	265.62	−0.099%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.623%	$721	$130K	12x	as long as short
Pacifica BCH	+0.0040%	1h	265.91	+0.009%	$162K	$404K	10x	as long as short
Lighter BCH	+0.0096%	1h	265.73	−0.060%	$366K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.12	+0.089%	$5.8M	$5.0M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.95	+0.024%	$168K	$697K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.36	−0.197%	$19K	$291K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.86	−0.008%	$25K	—	100x	as long as short