Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h −0.015%

Price spread now: Nado against MEXC−0.231%7-day average −0.208% · 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−$29as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on MEXC Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.021%−$2 on $10k

Price spread, last 3 days (all we have)+0.186%+$19 · spread now −0.231%, 7d avg −0.208%

Together, before fees+0.165%+ Points / potential airdropNado: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.023% cheaper against MEXC than usual: you would sell low and buy high (spread −0.231% now, against its 7-day average of −0.208%). If the spread goes back, that is −$2 on $10k: about 2.8 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BCH_USDT	267.47	−0.0026	get 0.0026% / 8h	2m 13s	$70.1M	$6.9M	200x
Short	Nado BCH-PERP	266.85	0.0001	get 0.0000% / 1h	2m 13s	$442K	$434K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against MEXC. 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 MEXCbpFee NadobpOrdersPrice spread, now −0.231%Rate

Funding earned: $5.69
Price spread: −0.231% → −0.208%: −$2.25
Slippage, 4 orders: −$16.19
Fee MEXC: 2 bp × 2 orders: −$4
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$23.74
Costs to cover: 0.272%
Break-even: 36.2 days

Slippage from MEXC: live order book, 2 min ago; Nado: live order book, 11 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 MEXC live order book, 2 min ago	2.99 bp	5.9 bp −$6	10.6 bp −$106	13.4 bp −$1,338	50.4 bp −$25.2K
Sell Nado live order book, 11 min ago	0.75 bp	6.9 bp −$7	17.5 bp −$175	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	−0.0603%	1h	267.04	−0.160%	$451K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0349%	1h	266.95	−0.194%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0134%	8h	266.51	−0.357%	$82K	$292K	—	as long as short
Phemex BCHUSDT	−0.0128%	8h	266.86	−0.228%	$4.9M	$6.5M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0126%	1h	267.14	−0.123%	$841K	$3.1M	50x	as long as short
Bybit BCHUSDT	−0.0076%	8h	266.96	−0.191%	$39.3M	$33.0M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+1.021%	$721	$130K	12x	as long as short
ApeX Omni BCHUSDT	−0.0049%	1h	266.86	−0.228%	$72K	$214K	50x	as long as short
Extended BCH-USD	−0.0032%	1h	266.89	−0.218%	$115K	$652K	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	267.25	−0.082%	$223K	$2.1M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0028%	8h	266.93	−0.202%	$73.1M	$233.2M	75x	as long as short
MEXC BCH_USDTlong	−0.0026%	8h	267.47	long leg	$70.1M	$6.9M	200x
dYdX BCH-USD	0.0000%	1h	267.15	−0.119%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.34	−0.049%	$1.2M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.15	−0.119%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0001%	8h	266.96	−0.191%	$8.3M	$14.9M	75x	as long as short
Nado BCH-PERPshort	+0.0001%	1h	266.85	−0.231%	$442K	$434K	10x
GRVT BCH_USDT_Perp	+0.0019%	8h	266.72	−0.280%	$389K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0021%	8h	266.90	−0.213%	$19.1M	$30.0M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0027%	8h	266.90	−0.213%	$26.0M	$78.7M	50x	as long as short
BingX BCH-USDT	+0.0028%	8h	266.92	−0.206%	—	$31.2M	—	as long as short
Orderly PERP_BCH_USDC	+0.0029%	8h	266.95	−0.194%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0094%	8h	266.94	−0.198%	$3.9M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	267.00	−0.178%	$368K	$559K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.22	−0.093%	$6.0M	$4.5M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.03	−0.163%	$211K	$673K	75x	as long as short
Pacifica BCH	+0.0100%	1h	266.99	−0.179%	$162K	$429K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	267.02	−0.168%	$9.0M	$7.8M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.46	−0.379%	$19K	$291K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.77	−0.262%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	266.85	−0.232%	$775K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0332% / S −0.0451%	1h	267.12	−0.130%	$25K	—	100x	as long as short