Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0205%/8h= +22.5% APRpaid last 24h +0.017%

Price spread now: Gate against Nado+0.097%7-day average +0.024% · 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−$34as in the Price arb table

costs, in and out, $10k−$410.413% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.041%+$4 on $10k

Price spread, last 4 days (all we have)−0.308%−$31 · spread now +0.097%, 7d avg +0.024%

Together, before fees−0.267%+ Points / potential airdropNado: Active · farm board−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Gate is 0.073% dearer against Nado than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.024%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.041% in total (about 4.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BCH-PERP	264.35	−0.0256	get 0.0032% / 1h	4m 15s	$430K	$342K	10x
Short	Gate BCH_USDT	264.61	−0.0051	pay 0.0051% / 8h	4h 04m	$8.3M	$13.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.097%Rate

Funding earned: $43.1
Price spread: +0.097% → +0.024%: $7.29
Slippage, 4 orders: −$19.28
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $9.11
Costs to cover: 0.413%
Break-even: 5.5 days

Slippage from Nado: live order book, 54 min ago; Gate: live order book, 4 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, 54 min ago	1.14 bp	9.1 bp −$9	28.3 bp −$283	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.70 bp	12.7 bp −$13	20.6 bp −$206	58.4 bp −$5,836	84.8 bp −$42.4K

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	−0.0380%	8h	264.23	−0.046%	$1K	$1.7M	30x	as long as short
SoDEX BCH-USD	−0.0295%	1h	264.75	+0.150%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0259%	8h	264.82	+0.177%	$4.9M	$6.4M	50x	as long as short
Nado BCH-PERPlong	−0.0256%	1h	264.35	long leg	$430K	$342K	10x
HTX BCH-USDT	−0.0231%	8h	264.56	+0.078%	$772K	$1.4M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	264.58	+0.086%	$224K	$1.8M	50x	as long as short
OKX BCH-USDT-SWAP	−0.0099%	8h	264.50	+0.056%	$25.2M	$75.3M	50x	as long as short
Binance BCHUSDT	−0.0088%	8h	264.54	+0.071%	$71.8M	$214.8M	75x	as long as short
Extended BCH-USD	−0.0088%	1h	264.44	+0.033%	$112K	$956K	25x	as long as short
KuCoin BCHUSDTM	−0.0088%	8h	264.50	+0.056%	$8.5M	$7.0M	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	−0.0086%	8h	264.84	+0.184%	$70.2M	$7.9M	200x	as long as short
Bitget BCHUSDT	−0.0078%	8h	264.50	+0.056%	$18.9M	$28.1M	75x	as long as short
Variational Omni BCH	−0.0074%	8h	264.20	−0.056%	$81K	$197K	—	as long as short
GRVT BCH_USDT_Perp	−0.0060%	8h	265.18	+0.314%	$387K	$17K	10x	as long as short
Gate BCH_USDTshort	−0.0051%	8h	264.61	+0.097%	$8.3M	$13.7M	75x
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.73	+0.142%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.45	+0.038%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.03	+0.256%	$1.0M	$10.3M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.75	+0.151%	$443K	$331K	25x	as long as short
Bybit BCHUSDT	+0.0005%	8h	264.45	+0.037%	$39.0M	$31.1M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	265.01	+0.248%	$853K	$3.0M	50x	as long as short
BingX BCH-USDT	+0.0014%	8h	264.58	+0.086%	—	$32.1M	—	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.212%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0033%	8h	264.46	+0.041%	$3.9M	$4.3M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0040%	8h	264.59	+0.090%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	264.34	−0.006%	$159K	$304K	10x	as long as short
Lighter BCH	+0.0096%	1h	264.84	+0.184%	$357K	$489K	10x	as long as short
Aster BCHUSDT	+0.0096%	8h	264.55	+0.076%	$162K	$538K	75x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.80	+0.169%	$5.7M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.07	+0.272%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.21	+0.324%	$97K	$231K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0350% / S −0.0506%	1h	264.77	+0.156%	$24K	—	100x	as long as short