Funding you earn now, next payment 23:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.09 per $10,000 · paid last 24h −0.062%
Price spread now: Deribit against Nado+0.138%7-day average +0.048% · 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−$26as in the Price arb table
costs, in and out, $10k−$350.354% of the position
Funding, last 3 days (all we have)−0.084%−$8 on $10k
+Price spread, last 3 days (all we have)−0.114%−$11 · spread now +0.138%, 7d avg +0.048%
=Together, before fees−0.198%+ Points / potential airdropNado: Active · farm board−$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Deribit is 0.090% dearer against Nado than usual: you sell high and buy low (spread +0.138% now, against its 7-day average of +0.048%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado BCH-PERP | 271.81 | 0.0072 | pay 0.0009% / 1h | 42m 04s | $447K | $427K | 10x |
| Short | Deribit BCH_USDC-PERPETUAL | 272.19 | 0 | get 0.0000% / 1h | 42m 04s | $461K | $265K | 25x |
Nado BCH-PERP
Deribit BCH_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$15.16
- Price spread: +0.138% → +0.048%
- $9.01
- Slippage, 4 orders
- −$21.36
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$41.52
- Costs to cover
- 0.354%
- Break-even
- never at this rate
Slippage from Nado: live order book, 41 min ago; Deribit: live order book, 42 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, 41 min ago | 0.19 bp | 7.0 bp −$7 | 22.5 bp −$225 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 42 min ago | 4.01 bp | 7.5 bp −$8 | 17.7 bp −$177 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex BCHUSDT | −0.0221% | 8h | 271.97 | +0.057% | $5.0M | $6.3M | 50x | as long as short |
| Injective BCH/USDC PERP | −0.0154% | 1h | 270.20 | −0.594% | $721 | $130K | 12x | as long as short |
| Variational Omni BCH | −0.0073% | 8h | 270.32 | −0.548% | $86K | $291K | — | as long as short |
| Binance BCHUSDT | −0.0065% | 8h | 272.08 | +0.097% | $75.7M | $232.3M | 75x | as long as short |
| MEXC BCH_USDT | −0.0065% | 8h | 272.67 | +0.315% | $72.0M | $6.4M | 200x | as long as short |
| Extended BCH-USD | −0.0064% | 1h | 271.99 | +0.065% | $117K | $653K | 25x | as long as short |
| SoDEX BCH-USD | −0.0037% | 1h | 272.00 | +0.068% | $2K | $6K | 10x | as long as short |
| Bitget BCHUSDT | −0.0012% | 8h | 272.00 | +0.068% | $20.2M | $29.0M | 75x | as long as short |
| Gate BCH_USDT | −0.0008% | 8h | 272.06 | +0.090% | $8.5M | $14.7M | 75x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 271.83 | +0.004% | $5K | $248 | 10x | as long as short |
Phemex BCHUSDT
Injective BCH/USDC PERP
Variational Omni BCH
Binance BCHUSDT
MEXC BCH_USDT
Extended BCH-USD
SoDEX BCH-USD
Bitget BCHUSDT
Gate BCH_USDT
dYdX BCH-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXBCHPERP | 0.0000% | 8h | 272.04 | +0.083% | $1.1M | $11.6M | 2.7x | as long as short |
| Deribit BCH_USDC-PERPETUALshort | 0.0000% | 1h | 272.19 | +0.138% | $461K | $265K | 25x | |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 272.16 | +0.125% | $5K | — | 150x | as long as short |
| Bybit BCHUSDT | +0.0002% | 8h | 271.91 | +0.035% | $39.9M | $32.7M | 75x | as long as short |
| GRVT BCH_USDT_Perp | +0.0007% | 8h | 270.52 | −0.475% | $394K | $17K | 10x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0016% | 1h | 271.57 | −0.090% | $234K | $2.1M | 50x | as long as short |
| Orderly PERP_BCH_USDC | +0.0026% | 8h | 272.04 | +0.083% | $2K | $176 | 10x | as long as short |
| BingX BCH-USDT | +0.0049% | 8h | 272.06 | +0.090% | — | $30.5M | — | as long as short |
| BloFin BCH-USDT | +0.0055% | 8h | 271.59 | −0.083% | $4.0M | $4.2M | 50x | as long as short |
| OKX BCH-USDT-SWAP | +0.0061% | 8h | 272.00 | +0.068% | $26.4M | $78.2M | 50x | as long as short |
| Nado BCH-PERPlong | +0.0072% | 1h | 271.81 | long leg | $447K | $427K | 10x | |
| Lighter BCH | +0.0096% | 1h | 272.08 | +0.097% | $381K | $583K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 272.38 | +0.208% | $6.1M | $4.2M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 272.15 | +0.123% | $222K | $700K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 271.84 | +0.010% | $165K | $468K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 272.16 | +0.127% | $9.0M | $7.9M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 270.49 | −0.486% | $19K | $290K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 270.72 | −0.403% | $73K | $214K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 271.83 | +0.006% | $1K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 271.91 | +0.035% | $792K | $1.7M | 75x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0112% | 1h | 272.28 | +0.172% | $813K | $3.2M | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0342% / S −0.0467% | 1h | 272.25 | +0.161% | $26K | — | 100x | as long as short |
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Bybit BCHUSDT
GRVT BCH_USDT_Perp
Coinbase International BCH-PERP-INTX
Orderly PERP_BCH_USDC
BingX BCH-USDT
BloFin BCH-USDT
OKX BCH-USDT-SWAP
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
Kraken Futures PF_BCHUSD
GMX BCH/USD [WBTC.b-USDC]