Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0080%/8h= −8.7% APRpaid last 24h −0.028%

Price spread now: Nado against KuCoin−0.053%7-day average −0.040% · 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−$56as in the Price arb table

costs, in and out, $10k−$540.545% of the position

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.099%−$10 on $10k

Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.053%, 7d avg −0.040%

Together, before fees+0.064%+ Points / potential airdropNado: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BCHUSDTM	263.30	−0.0106	get 0.0106% / 8h	3h 00m	$8.4M	$6.8M	75x
Short	Nado BCH-PERP	263.16	−0.0186	pay 0.0023% / 1h	0m 24s	$427K	$347K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against KuCoin. 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 KuCoinbpFee NadobpOrdersPrice spread, now −0.053%Rate

Funding earned: −$16.7
Price spread: −0.053% → −0.040%: −$1.28
Slippage, 4 orders: −$35.46
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$72.44
Costs to cover: 0.545%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Nado: live order book, 52 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 KuCoin live order book, 3 min ago	0.76 bp	20.0 bp −$20	53.1 bp −$531	doesn't fit	doesn't fit
Sell Nado live order book, 52 min ago	0.75 bp	7.2 bp −$7	19.6 bp −$196	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
SoDEX BCH-USD	−0.0270%	1h	263.25	−0.019%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0239%	8h	263.29	−0.004%	$771K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0197%	8h	263.38	+0.030%	$4.9M	$6.4M	50x	as long as short
Nado BCH-PERPshort	−0.0186%	1h	263.16	−0.053%	$427K	$347K	10x
SunX BCH-USDT	−0.0150%	8h	263.19	−0.042%	$1K	$1.7M	30x	as long as short
KuCoin BCHUSDTMlong	−0.0106%	8h	263.30	long leg	$8.4M	$6.8M	75x
Bitget BCHUSDT	−0.0103%	8h	263.16	−0.053%	$18.8M	$28.3M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0083%	8h	263.20	−0.038%	$25.1M	$75.9M	50x	as long as short
Variational Omni BCH	−0.0067%	8h	263.00	−0.112%	$81K	$196K	—	as long as short
MEXC BCH_USDT	−0.0065%	8h	263.75	+0.171%	$69.8M	$7.9M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0065%	8h	263.29	−0.004%	$71.5M	$216.2M	75x	as long as short
Extended BCH-USD	−0.0064%	1h	263.18	−0.046%	$113K	$1.1M	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	263.60	+0.114%	$219K	$1.8M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0052%	1h	263.50	+0.074%	$845K	$3.0M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0042%	8h	263.89	+0.223%	$385K	$17K	10x	as long as short
Gate BCH_USDT	−0.0029%	8h	263.34	+0.015%	$8.3M	$13.7M	75x	as long as short
Bybit BCHUSDT	−0.0011%	8h	263.20	−0.038%	$38.8M	$31.3M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	263.43	+0.051%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.41	+0.042%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	263.54	+0.091%	$985K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	263.42	+0.046%	$441K	$331K	25x	as long as short
BingX BCH-USDT	+0.0003%	8h	263.25	−0.019%	—	$32.9M	—	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.621%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	263.29	−0.004%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0055%	8h	263.13	−0.065%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0074%	8h	263.50	+0.075%	$152K	$549K	75x	as long as short
Lighter BCH	+0.0096%	1h	263.25	−0.018%	$353K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.55	+0.095%	$5.6M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	263.26	−0.015%	$158K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.42	+0.045%	$18K	$331K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	263.56	+0.099%	$96K	$234K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	263.38	+0.032%	$12K	—	100x	as long as short