Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h −0.019%

Price spread now: Nado against OKX+0.027%7-day average +0.010% · 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−$32as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on OKX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.084%−$8 on $10k

Price spread, last 3 days (all we have)+0.107%+$11 · spread now +0.027%, 7d avg +0.010%

Together, before fees+0.023%+ Points / potential airdropNado: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.084%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BCH-USDT-SWAP	271.30	0.0059	pay 0.0059% / 8h	53m 25s	$26.7M	$79.3M	50x
Short	Nado BCH-PERP	271.37	0.0094	get 0.0012% / 1h	53m 25s	$443K	$430K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against OKX. 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 OKXbpFee NadobpOrdersPrice spread, now +0.027%Rate

Funding earned: $7.29
Price spread: +0.027% → +0.010%: $1.64
Slippage, 4 orders: −$16.58
Fee OKX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$24.64
Costs to cover: 0.336%
Break-even: 30.7 days

Slippage from OKX: live order book, 5 min ago; Nado: live order book, 24 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 OKX live order book, 5 min ago	1.85 bp	10.4 bp −$10	16.1 bp −$161	62.6 bp −$6,259	doesn't fit
Sell Nado live order book, 24 min ago	0.74 bp	8.5 bp −$8	25.8 bp −$258	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
Deribit BCH_USDC-PERPETUAL	−0.0291%	1h	271.38	+0.028%	$458K	$266K	25x	as long as short
Phemex BCHUSDT	−0.0196%	8h	271.26	−0.015%	$5.0M	$6.5M	50x	as long as short
Variational Omni BCH	−0.0132%	8h	270.91	−0.142%	$83K	$294K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0124%	1h	271.56	+0.094%	$822K	$3.2M	50x	as long as short
Bybit BCHUSDT	−0.0077%	8h	271.30	0.000%	$39.7M	$33.2M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	−0.405%	$721	$130K	12x	as long as short
Extended BCH-USD	−0.0032%	1h	271.22	−0.031%	$117K	$653K	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	271.38	+0.029%	$241K	$2.1M	50x	as long as short
MEXC BCH_USDT	−0.0029%	8h	271.89	+0.217%	$71.2M	$6.6M	200x	as long as short
Binance BCHUSDT	−0.0028%	8h	271.38	+0.029%	$75.6M	$234.9M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX BCH-USD	−0.0011%	1h	271.24	−0.022%	$2K	$6K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	271.30	+0.001%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	271.53	+0.085%	$1.3M	$11.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	271.45	+0.056%	$5K	—	150x	as long as short
Gate BCH_USDT	+0.0007%	8h	271.33	+0.011%	$8.4M	$14.4M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0024%	8h	271.30	0.000%	$2K	$176	10x	as long as short
GRVT BCH_USDT_Perp	+0.0028%	8h	271.22	−0.029%	$395K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0035%	8h	271.45	+0.055%	$19.6M	$29.6M	75x	as long as short
OKX BCH-USDT-SWAPlong	+0.0059%	8h	271.30	long leg	$26.7M	$79.3M	50x
BingX BCH-USDC	+0.0060%	8h	271.35	+0.018%	—	$6.5M	—	as long as short
BloFin BCH-USDT	+0.0089%	8h	271.34	+0.015%	$4.0M	$4.2M	50x	as long as short
Nado BCH-PERPshort	+0.0094%	1h	271.37	+0.027%	$443K	$430K	10x
Lighter BCH	+0.0096%	1h	271.19	−0.041%	$375K	$554K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	271.70	+0.147%	$6.1M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	271.27	−0.010%	$219K	$705K	75x	as long as short
Pacifica BCH	+0.0100%	1h	271.27	−0.010%	$165K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	271.32	+0.007%	$9.3M	$7.9M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	271.20	−0.037%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	270.90	−0.147%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	271.16	−0.052%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	271.21	−0.033%	$780K	$1.7M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0335% / S −0.0340%	1h	271.47	+0.062%	$27K	—	100x	as long as short