Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.018%

Price spread now: SunX against Nado+0.026%7-day average −0.006% · 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−$82as in the Price arb table

costs, in and out, $10k−$860.856% of the position

Long on Nado Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.089%+$9 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.026%, 7d avg −0.006%

Together, before fees+0.015%+ Points / potential airdropNado: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.032% dearer against Nado than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.006%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.3 days. Mind the row above: over the last 3 days funding on this pair paid +0.089%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BCH-PERP	265.05	−0.0329	get 0.0041% / 1h	59m 24s	$430K	$343K	10x
Short	SunX BCH-USDT	265.12	−0.0349	pay 0.0349% / 8h	3h 59m	$2K	$1.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$4.23
Price spread: +0.026% → −0.006%: $3.22
Slippage, 4 orders: −$70.6
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$86.61
Costs to cover: 0.856%
Break-even: never at this rate

Slippage from Nado: live order book, 58 min ago; SunX: live order book, 6 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, 58 min ago	1.14 bp	9.1 bp −$9	28.3 bp −$283	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	19.68 bp	28.9 bp −$29	doesn't fit	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	−0.0600%	1h	264.91	−0.053%	$2K	$8K	10x	as long as short
SunX BCH-USDTshort	−0.0349%	8h	265.12	+0.026%	$2K	$1.7M	30x
Nado BCH-PERPlong	−0.0329%	1h	265.05	long leg	$430K	$343K	10x
Phemex BCHUSDT	−0.0278%	8h	265.08	+0.011%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0228%	8h	265.04	−0.004%	$773K	$1.4M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0104%	1h	265.18	+0.049%	$444K	$331K	25x	as long as short
OKX BCH-USDT-SWAP	−0.0100%	8h	265.00	−0.019%	$25.4M	$75.6M	50x	as long as short
Binance BCHUSDT	−0.0089%	8h	265.12	+0.026%	$72.0M	$215.0M	75x	as long as short
MEXC BCH_USDT	−0.0089%	8h	265.40	+0.132%	$70.4M	$7.8M	200x	as long as short
Extended BCH-USD	−0.0088%	1h	264.92	−0.050%	$112K	$958K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BCHUSDTM	−0.0086%	8h	265.19	+0.053%	$8.5M	$7.0M	75x	as long as short
Bitget BCHUSDT	−0.0080%	8h	265.18	+0.049%	$19.0M	$28.2M	75x	as long as short
Variational Omni BCH	−0.0073%	8h	265.00	−0.017%	$81K	$197K	—	as long as short
GRVT BCH_USDT_Perp	−0.0064%	8h	265.06	+0.005%	$386K	$17K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	265.13	+0.030%	$221K	$1.8M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0051%	1h	265.21	+0.059%	$853K	$3.0M	50x	as long as short
Gate BCH_USDT	−0.0047%	8h	265.19	+0.053%	$8.3M	$13.5M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.23	+0.067%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.30	+0.094%	$5K	$248	10x	as long as short
Bybit BCHUSDT	0.0000%	8h	265.00	−0.019%	$39.1M	$31.1M	75x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.23	+0.068%	$1.0M	$10.3M	2.7x	as long as short
BingX BCH-USDC	+0.0005%	8h	265.11	+0.023%	—	$6.5M	—	as long as short
BloFin BCH-USDT	+0.0031%	8h	265.19	+0.053%	$3.9M	$4.3M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.943%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0041%	8h	265.02	−0.011%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	265.23	+0.066%	$159K	$303K	10x	as long as short
Aster BCHUSDT	+0.0094%	8h	265.23	+0.067%	$152K	$541K	75x	as long as short
Lighter BCH	+0.0096%	1h	265.01	−0.015%	$357K	$488K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.35	+0.113%	$5.7M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.81	−0.091%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.16	+0.042%	$97K	$232K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0350% / S −0.0506%	1h	265.18	+0.049%	$24K	—	100x	as long as short