Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h +0.024%

Price spread now: BingX against Nado+0.003%7-day average +0.021% · 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−$30as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on Nado Short on BingX

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)−0.339%−$34 · spread now +0.003%, 7d avg +0.021%

Together, before fees−0.250%+ Points / potential airdropNado: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.088%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BCH-PERP	266.98	0.0065	pay 0.0008% / 1h	48m 58s	$439K	$428K	10x
Short	BingX BCH-USDT	266.99	−0.0018	pay 0.0018% / 8h	2h 48m	—	$32.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$17.49
Price spread: +0.003% → +0.021%: −$1.86
Slippage, 4 orders: −$11.36
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$47.7
Costs to cover: 0.284%
Break-even: never at this rate

Slippage from Nado: live order book, 39 min ago; BingX: live order book, 5 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, 39 min ago	0.56 bp	9.1 bp −$9	22.7 bp −$227	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	0.56 bp	5.6 bp −$6	6.2 bp −$62	12.2 bp −$1,223	22.0 bp −$11.0K

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	−0.0319%	1h	267.07	+0.033%	$437K	$251K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	267.23	+0.093%	$713	$80K	12x	as long as short
Phemex BCHUSDT	−0.0198%	8h	267.01	+0.010%	$4.9M	$6.3M	50x	as long as short
SoDEX BCH-USD	−0.0160%	1h	266.94	−0.016%	$2K	$6K	10x	as long as short
Binance BCHUSDT	−0.0121%	8h	267.01	+0.010%	$73.7M	$231.6M	75x	as long as short
Extended BCH-USD	−0.0120%	1h	266.93	−0.020%	$105K	$643K	25x	as long as short
MEXC BCH_USDT	−0.0120%	8h	267.57	+0.220%	$70.8M	$6.3M	200x	as long as short
Bybit BCHUSDT	−0.0107%	8h	266.92	−0.023%	$39.3M	$32.4M	75x	as long as short
Variational Omni BCH	−0.0082%	8h	266.75	−0.087%	$85K	$291K	—	as long as short
GRVT BCH_USDT_Perp	−0.0069%	8h	266.85	−0.049%	$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	266.92	−0.023%	$20.0M	$29.2M	75x	as long as short
Gate BCH_USDT	−0.0039%	8h	267.01	+0.010%	$8.4M	$14.3M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	266.89	−0.035%	$254K	$2.1M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0020%	8h	267.00	+0.007%	$26.1M	$76.4M	50x	as long as short
BingX BCH-USDTshort	−0.0018%	8h	266.99	+0.003%	—	$32.2M	—
BloFin BCH-USDT	−0.0001%	8h	266.79	−0.072%	$4.0M	$4.1M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	267.09	+0.042%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	267.23	+0.093%	$1.1M	$11.7M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.06	+0.029%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0029%	8h	266.99	+0.003%	$2K	$176	10x	as long as short
Nado BCH-PERPlong	+0.0065%	1h	266.98	long leg	$439K	$428K	10x
KuCoin BCHUSDTM	+0.0073%	8h	267.02	+0.014%	$8.8M	$8.1M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	267.26	+0.104%	$804K	$3.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	267.04	+0.020%	$375K	$580K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.30	+0.119%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	267.21	+0.085%	$234K	$674K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.05	+0.027%	$168K	$461K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.90	−0.033%	$19K	$288K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	266.97	−0.005%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.76	−0.083%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	266.94	−0.016%	$768K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0365% / S −0.0554%	1h	267.03	+0.019%	$25K	—	100x	as long as short