Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0221%/8h= +24.2% APRpaid last 24h +0.048%

Price spread now: BloFin against Nado−0.052%103s7-day average +0.022% · 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—prices read too far apart to compare

costs, in and out, $10k−$390.394% of the position

Long on Nado Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.134%+$13 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.052%, 7d avg +0.022%

Together, before fees+0.172%+ Points / potential airdropNado: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.074% cheaper against Nado than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of +0.022%). If the spread goes back, that is −$7 on $10k: about 27 hours of funding at the current rate (+$7 a day). The two prices were read 103 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	263.57	−0.0206	get 0.0026% / 1h	47m 24s	$419K	$338K	10x
Short	BloFin BCH-USDT	263.43	0.0015	get 0.0015% / 8h	4h 47m	$3.9M	$4.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.052%Rate

Funding earned: $46.33
Price spread: −0.052% → +0.022%: −$7.37
Slippage, 4 orders: −$20.39
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$0.44
Costs to cover: 0.394%
Break-even: 7.1 days

Slippage from Nado: live order book, 10 min ago; BloFin: live order book, 6 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, 10 min ago	1.14 bp	9.1 bp −$9	28.3 bp −$283	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	0.19 bp	11.4 bp −$11	19.7 bp −$197	39.9 bp −$3,987	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
SunX BCH-USDT	−0.0789%	8h	263.38	−0.071%	$2K	$1.7M	30x	as long as short
SoDEX BCH-USD	−0.0393%	1h	263.30	−0.101%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0340%	8h	263.50	−0.026%	$768K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0317%	8h	263.24	−0.124%	$4.9M	$6.4M	50x	as long as short
Nado BCH-PERPlong	−0.0206%	1h	263.57	long leg	$419K	$338K	10x
GRVT BCH_USDT_Perp	−0.0122%	8h	263.49	−0.030%	$384K	$17K	10x	as long as short
Binance BCHUSDT	−0.0107%	8h	263.42	−0.057%	$71.7M	$213.4M	75x	as long as short
MEXC BCH_USDT	−0.0106%	8h	263.77	+0.077%	$69.8M	$7.4M	200x	as long as short
Extended BCH-USD	−0.0104%	1h	263.38	−0.071%	$111K	$951K	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	263.76	+0.073%	$219K	$1.8M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0102%	8h	263.41	−0.060%	$8.2M	$13.3M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0094%	8h	263.30	−0.101%	$24.8M	$73.9M	50x	as long as short
KuCoin BCHUSDTM	−0.0093%	8h	263.45	−0.045%	$8.5M	$7.1M	75x	as long as short
Variational Omni BCH	−0.0089%	8h	263.90	+0.128%	$81K	$201K	—	as long as short
ApeX Omni BCHUSDT	−0.0086%	1h	263.64	+0.028%	$96K	$228K	50x	as long as short
Bitget BCHUSDT	−0.0077%	8h	263.25	−0.120%	$18.9M	$28.1M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0042%	1h	263.48	−0.032%	$441K	$331K	25x	as long as short
Bybit BCHUSDT	−0.0034%	8h	263.30	−0.101%	$38.9M	$30.9M	75x	as long as short
BingX BCH-USDT	−0.0028%	8h	263.35	−0.083%	—	$32.1M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	263.63	+0.023%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.55	−0.007%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	263.76	+0.073%	$1.0M	$10.2M	2.7x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	263.46	−0.042%	$844K	$3.0M	50x	as long as short
BloFin BCH-USDTshort	+0.0015%	8h	263.43	−0.052%	$3.9M	$4.2M	50x
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.516%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0035%	8h	263.29	−0.105%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	263.43	−0.053%	$160K	$306K	10x	as long as short
Lighter BCH	+0.0096%	1h	263.31	−0.098%	$360K	$482K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.66	+0.035%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	263.64	+0.027%	$166K	$520K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.49	−0.028%	$19K	$291K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0356% / S −0.0525%	1h	263.62	+0.022%	$25K	—	100x	as long as short