Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h +0.006%

Price spread now: Binance against Nado+0.085%48s7-day average +0.015% · 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—prices read too far apart to compare

costs, in and out, $10k−$350.349% of the position

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.755%−$75 · spread now +0.085%, 7d avg +0.015%

Together, before fees−0.737%+ Points / potential airdropNado: Active · farm board−$74 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.069% dearer against Nado than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of +0.015%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.1 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BCH-PERP	264.69	−0.0019	get 0.0002% / 1h	30m 41s	$420K	$429K	10x
Short	Binance BCHUSDT	264.91	−0.0092	pay 0.0092% / 8h	6h 30m	$71.7M	$234.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Nado. 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 NadobpFee BinancebpOrdersPrice spread, now +0.085%Rate

Funding earned: −$15.44
Price spread: +0.085% → +0.015%: $6.93
Slippage, 4 orders: −$17.86
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$43.37
Costs to cover: 0.349%
Break-even: never at this rate

Slippage from Nado: live order book, 37 min ago; Binance: live order book, 13 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 Nado live order book, 37 min ago	1.30 bp	8.9 bp −$9	24.6 bp −$246	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.19 bp	9.3 bp −$9	20.2 bp −$202	53.7 bp −$5,374	132.6 bp −$66.3K

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	−0.0651%	8h	264.79	+0.038%	$2K	$1.9M	30x	as long as short
SoDEX BCH-USD	−0.0507%	1h	264.71	+0.008%	$2K	$6K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0444%	1h	264.92	+0.087%	$448K	$266K	25x	as long as short
Phemex BCHUSDT	−0.0388%	8h	264.72	+0.011%	$4.9M	$6.6M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0300%	1h	264.98	+0.109%	$850K	$3.2M	50x	as long as short
HTX BCH-USDT	−0.0231%	8h	264.89	+0.076%	$776K	$1.6M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0189%	8h	264.31	−0.145%	$385K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0187%	1h	264.48	−0.079%	$96K	$227K	50x	as long as short
Gate BCH_USDT	−0.0131%	8h	264.93	+0.091%	$8.4M	$13.5M	75x	as long as short
Variational Omni BCH	−0.0117%	8h	264.71	+0.007%	$81K	$253K	—	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	265.07	+0.144%	$231K	$2.1M	50x	as long as short
Binance BCHUSDTshort	−0.0092%	8h	264.91	+0.085%	$71.7M	$234.8M	75x
MEXC BCH_USDT	−0.0091%	8h	265.33	+0.242%	$70.0M	$7.0M	200x	as long as short
Extended BCH-USD	−0.0088%	1h	264.75	+0.023%	$112K	$965K	25x	as long as short
Bybit BCHUSDT	−0.0055%	8h	264.92	+0.087%	$39.1M	$33.5M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0044%	8h	264.80	+0.042%	$25.2M	$79.0M	50x	as long as short
Bitget BCHUSDT	−0.0040%	8h	264.86	+0.064%	$19.0M	$29.6M	75x	as long as short
BingX BCH-USDT	−0.0030%	8h	264.94	+0.094%	—	$32.3M	—	as long as short
Nado BCH-PERPlong	−0.0019%	1h	264.69	long leg	$420K	$429K	10x
dYdX BCH-USD	0.0000%	1h	265.04	+0.130%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.42	+0.276%	$1.1M	$11.1M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.03	+0.129%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0032%	8h	264.77	+0.030%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.082%	$721	$130K	12x	as long as short
Pacifica BCH	+0.0040%	1h	264.99	+0.113%	$161K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0041%	8h	264.92	+0.087%	$8.6M	$7.5M	75x	as long as short
Lighter BCH	+0.0096%	1h	264.84	+0.056%	$365K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.03	+0.128%	$5.7M	$5.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	264.95	+0.098%	$168K	$697K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.37	−0.121%	$19K	$292K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.04	+0.131%	$25K	—	100x	as long as short