Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0077%/8h= +8.5% APRpaid last 24h +0.028%

Price spread now: KuCoin against Nado−0.053%7-day average +0.040% · 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−$64as in the Price arb table

costs, in and out, $10k−$540.545% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.099%+$10 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now −0.053%, 7d avg +0.040%

Together, before fees+0.042%+ Points / potential airdropNado: Active · farm board+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.094% cheaper against Nado than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of +0.040%). If the spread goes back, that is −$9 on $10k: about 4.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BCH-PERP	263.15	−0.0183	get 0.0023% / 1h	1m 30s	$427K	$347K	10x
Short	KuCoin BCHUSDTM	263.01	−0.0106	pay 0.0106% / 8h	3h 01m	$8.4M	$6.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.053%Rate

Funding earned: $16.23
Price spread: −0.053% → +0.040%: −$9.36
Slippage, 4 orders: −$35.46
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$47.6
Costs to cover: 0.545%
Break-even: 27.5 days

Slippage from Nado: live order book, 51 min ago; KuCoin: live order book, 2 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, 51 min ago	0.75 bp	8.2 bp −$8	23.7 bp −$237	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	0.76 bp	19.0 bp −$19	60.4 bp −$604	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
SoDEX BCH-USD	−0.0279%	1h	262.96	−0.072%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0234%	8h	263.06	−0.034%	$767K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0198%	8h	263.10	−0.019%	$4.9M	$6.4M	50x	as long as short
Nado BCH-PERPlong	−0.0183%	1h	263.15	long leg	$427K	$347K	10x
SunX BCH-USDT	−0.0142%	8h	262.88	−0.103%	$2K	$1.7M	30x	as long as short
KuCoin BCHUSDTMshort	−0.0106%	8h	263.01	−0.053%	$8.4M	$6.8M	75x
Bitget BCHUSDT	−0.0102%	8h	263.14	−0.004%	$18.8M	$28.3M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0083%	8h	263.20	+0.019%	$25.1M	$75.9M	50x	as long as short
Binance BCHUSDT	−0.0065%	8h	263.23	+0.031%	$71.4M	$216.2M	75x	as long as short
MEXC BCH_USDT	−0.0065%	8h	263.47	+0.122%	$69.7M	$7.9M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0064%	1h	263.08	−0.027%	$113K	$1.1M	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	263.60	+0.171%	$219K	$1.8M	50x	as long as short
Variational Omni BCH	−0.0063%	8h	263.90	+0.286%	$81K	$196K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0052%	1h	263.13	−0.009%	$844K	$3.0M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0042%	8h	263.89	+0.280%	$385K	$17K	10x	as long as short
Gate BCH_USDT	−0.0028%	8h	263.17	+0.008%	$8.3M	$13.7M	75x	as long as short
Bybit BCHUSDT	−0.0008%	8h	263.20	+0.019%	$38.8M	$31.3M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	263.14	−0.003%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.11	−0.015%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	263.40	+0.095%	$987K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	263.10	−0.019%	$440K	$331K	25x	as long as short
BingX BCH-USDC	+0.0005%	8h	263.24	+0.034%	—	$6.5M	—	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.679%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	263.02	−0.049%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0056%	8h	263.30	+0.057%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0075%	8h	263.36	+0.080%	$152K	$549K	75x	as long as short
Lighter BCH	+0.0096%	1h	263.06	−0.034%	$353K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.22	+0.027%	$5.6M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	263.05	−0.039%	$158K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.42	+0.102%	$18K	$331K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	263.56	+0.156%	$96K	$234K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	263.09	−0.022%	$12K	—	100x	as long as short