Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.002%

Price spread now: Phemex against Nado−0.019%7-day average +0.032% · 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−$37as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on Nado Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.019%, 7d avg +0.032%

Together, before fees+0.008%+ Points / potential airdropNado: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.051% cheaper against Nado than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.032%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BCH-PERP	263.65	−0.0181	get 0.0023% / 1h	10m 16s	$428K	$347K	10x
Short	Phemex BCHUSDT	263.60	−0.0221	pay 0.0221% / 8h	3h 10m	$4.9M	$6.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$8.44
Price spread: −0.019% → +0.032%: −$5.09
Slippage, 4 orders: −$13.33
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$45.86
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from Nado: live order book, 43 min ago; Phemex: 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, 43 min ago	0.75 bp	8.2 bp −$8	23.7 bp −$237	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	0.19 bp	8.5 bp −$8	15.5 bp −$155	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	−0.0300%	1h	263.50	−0.057%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0240%	8h	263.64	−0.004%	$768K	$1.4M	75x	as long as short
Phemex BCHUSDTshort	−0.0221%	8h	263.60	−0.019%	$4.9M	$6.4M	50x
Nado BCH-PERPlong	−0.0181%	1h	263.65	long leg	$428K	$347K	10x
SunX BCH-USDT	−0.0156%	8h	263.46	−0.072%	$2K	$1.7M	30x	as long as short
KuCoin BCHUSDTM	−0.0102%	8h	263.89	+0.091%	$8.5M	$6.8M	75x	as long as short
Bitget BCHUSDT	−0.0093%	8h	263.44	−0.080%	$18.8M	$28.3M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0087%	8h	263.50	−0.057%	$25.1M	$76.1M	50x	as long as short
Binance BCHUSDT	−0.0066%	8h	263.55	−0.038%	$71.5M	$216.1M	75x	as long as short
MEXC BCH_USDT	−0.0066%	8h	264.13	+0.182%	$69.9M	$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	263.38	−0.103%	$111K	$1.1M	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	263.84	+0.072%	$217K	$1.8M	50x	as long as short
Variational Omni BCH	−0.0061%	8h	263.70	+0.019%	$81K	$196K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0052%	1h	263.77	+0.046%	$853K	$3.0M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0044%	8h	264.39	+0.281%	$385K	$17K	10x	as long as short
Gate BCH_USDT	−0.0038%	8h	263.58	−0.027%	$8.3M	$13.7M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0015%	1h	263.66	+0.005%	$441K	$331K	25x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	263.73	+0.032%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.96	+0.118%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.02	+0.140%	$990K	$10.4M	2.7x	as long as short
Bybit BCHUSDT	+0.0008%	8h	263.50	−0.057%	$38.8M	$31.3M	75x	as long as short
BingX BCH-USDT	+0.0010%	8h	263.49	−0.061%	—	$32.9M	—	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.484%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	263.54	−0.042%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0054%	8h	263.96	+0.118%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0082%	8h	263.77	+0.046%	$150K	$549K	75x	as long as short
Lighter BCH	+0.0096%	1h	263.60	−0.019%	$354K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.81	+0.061%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	263.73	+0.032%	$159K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.28	+0.238%	$18K	$320K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.45	+0.303%	$96K	$234K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0232% / S −0.0180%	1h	263.68	+0.010%	$12K	—	100x	as long as short