Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0177%/8h= +19.3% APRpaid last 24h +0.004%

Price spread now: Bybit against Nado+0.094%7-day average −0.004% · 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−$27as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on Nado Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.050%+$5 on $10k

Price spread, last 4 days (all we have)−0.466%−$47 · spread now +0.094%, 7d avg −0.004%

Together, before fees−0.416%+ Points / potential airdropNado: Active · farm board−$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 0.098% dearer against Nado than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BCH-PERP	264.75	−0.0205	get 0.0026% / 1h	53m 16s	$421K	$338K	10x
Short	Bybit BCHUSDT	265.00	−0.0028	pay 0.0028% / 8h	4h 53m	$39.2M	$30.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.094%Rate

Funding earned: $37.07
Price spread: +0.094% → −0.004%: $9.8
Slippage, 4 orders: −$19.07
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $9.81
Costs to cover: 0.371%
Break-even: 5.1 days

Slippage from Nado: live order book, 5 min ago; Bybit: live order book, 1 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, 5 min ago	1.14 bp	9.1 bp −$9	28.3 bp −$283	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.89 bp	10.1 bp −$10	18.7 bp −$187	64.9 bp −$6,493	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	−0.0852%	8h	264.58	−0.064%	$2K	$1.7M	30x	as long as short
ApeX Omni BCHUSDT	−0.0625%	1h	264.10	−0.246%	$96K	$228K	50x	as long as short
HTX BCH-USDT	−0.0346%	8h	264.94	+0.072%	$773K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0338%	1h	264.95	+0.076%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0337%	8h	264.96	+0.079%	$4.9M	$6.3M	50x	as long as short
Nado BCH-PERPlong	−0.0205%	1h	264.75	long leg	$421K	$338K	10x
GRVT BCH_USDT_Perp	−0.0122%	8h	264.00	−0.284%	$385K	$17K	10x	as long as short
Extended BCH-USD	−0.0104%	1h	264.88	+0.049%	$112K	$952K	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	265.07	+0.121%	$221K	$1.8M	50x	as long as short
Binance BCHUSDT	−0.0104%	8h	264.97	+0.083%	$72.2M	$213.4M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0103%	8h	265.35	+0.227%	$69.9M	$7.2M	200x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0101%	1h	265.11	+0.136%	$444K	$331K	25x	as long as short
Gate BCH_USDT	−0.0092%	8h	265.05	+0.113%	$8.3M	$13.3M	75x	as long as short
Variational Omni BCH	−0.0092%	8h	265.11	+0.135%	$81K	$201K	—	as long as short
OKX BCH-USDT-SWAP	−0.0084%	8h	265.00	+0.094%	$25.0M	$74.2M	50x	as long as short
KuCoin BCHUSDTM	−0.0078%	8h	265.10	+0.132%	$8.5M	$7.1M	75x	as long as short
Bitget BCHUSDT	−0.0073%	8h	264.86	+0.042%	$19.0M	$28.1M	75x	as long as short
BingX BCH-USDT	−0.0039%	8h	265.01	+0.098%	—	$32.1M	—	as long as short
Bybit BCHUSDTshort	−0.0028%	8h	265.00	+0.094%	$39.2M	$30.9M	75x
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.13	+0.144%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.05	+0.115%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.23	+0.181%	$1.1M	$10.2M	2.7x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	265.17	+0.158%	$850K	$3.0M	50x	as long as short
BloFin BCH-USDT	+0.0016%	8h	264.84	+0.034%	$4.0M	$4.2M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.059%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0035%	8h	264.94	+0.072%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	264.86	+0.040%	$161K	$321K	10x	as long as short
Lighter BCH	+0.0096%	1h	264.94	+0.071%	$362K	$482K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.18	+0.162%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.05	+0.113%	$167K	$519K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.77	+0.009%	$19K	$290K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0356% / S −0.0525%	1h	265.12	+0.140%	$25K	—	100x	as long as short