Funding you earn now, next payment 23:00 UTC+0.0305%/8h= +33.4% APRpaid last 24h −0.001%
Price spread now: Nado against Phemex−0.014%7-day average −0.031% · 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−$35as in the Price arb table
costs, in and out, $10k−$360.365% of the position
Funding, last 3 days (all we have)+0.010%+$1 on $10k
+Price spread, last 3 days (all we have)+0.006%+$1 · spread now −0.014%, 7d avg −0.031%
=Together, before fees+0.016%+ Points / potential airdropNado: Active · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.010% in total (about 1.1% 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 | Phemex BCHUSDT | 271.30 | −0.0205 | get 0.0205% / 8h | 1h 36m | $5.0M | $6.3M | 50x |
| Short | Nado BCH-PERP | 271.26 | 0.0100 | get 0.0012% / 1h | 36m 17s | $446K | $427K | 10x |
Phemex BCHUSDT
Nado BCH-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $64.01
- Price spread: −0.014% → −0.031%
- $1.69
- Slippage, 4 orders
- −$17.49
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $29.2
- Costs to cover
- 0.365%
- Break-even
- 3.8 days
Slippage from Phemex: live order book, 3 min ago; Nado: live order book, 47 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 Phemex live order book, 3 min ago | 3.13 bp | 10.5 bp −$10 | 19.9 bp −$199 | doesn't fit | doesn't fit |
| Sell Nado live order book, 47 min ago | 0.19 bp | 7.0 bp −$7 | 19.1 bp −$191 | 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 | −0.0950% | 1h | 271.41 | +0.039% | $460K | $265K | 25x | as long as short |
| Phemex BCHUSDTlong | −0.0205% | 8h | 271.30 | long leg | $5.0M | $6.3M | 50x | |
| Injective BCH/USDC PERP | −0.0154% | 1h | 270.20 | −0.405% | $721 | $130K | 12x | as long as short |
| SoDEX BCH-USD | −0.0097% | 1h | 271.19 | −0.041% | $2K | $6K | 10x | as long as short |
| Variational Omni BCH | −0.0072% | 8h | 271.92 | +0.228% | $87K | $291K | — | as long as short |
| Extended BCH-USD | −0.0064% | 1h | 271.20 | −0.036% | $117K | $653K | 25x | as long as short |
| Binance BCHUSDT | −0.0061% | 8h | 271.17 | −0.048% | $75.5M | $232.8M | 75x | as long as short |
| MEXC BCH_USDT | −0.0059% | 8h | 271.89 | +0.217% | $71.4M | $6.4M | 200x | as long as short |
| Bybit BCHUSDT | −0.0015% | 8h | 271.03 | −0.100% | $39.6M | $32.8M | 75x | as long as short |
| Gate BCH_USDT | −0.0014% | 8h | 271.28 | −0.007% | $8.4M | $14.7M | 75x | as long as short |
Deribit BCH_USDC-PERPETUAL
Injective BCH/USDC PERP
SoDEX BCH-USD
Variational Omni BCH
Extended BCH-USD
Binance BCHUSDT
MEXC BCH_USDT
Bybit BCHUSDT
Gate BCH_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BCHUSDT | −0.0007% | 8h | 271.29 | −0.004% | $20.1M | $29.1M | 75x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 271.46 | +0.061% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 271.67 | +0.136% | $1.2M | $11.7M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 271.46 | +0.059% | $5K | — | 150x | as long as short |
| GRVT BCH_USDT_Perp | +0.0014% | 8h | 271.66 | +0.131% | $396K | $17K | 10x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0016% | 1h | 272.31 | +0.372% | $235K | $2.1M | 50x | as long as short |
| Orderly PERP_BCH_USDC | +0.0026% | 8h | 271.31 | +0.004% | $2K | $176 | 10x | as long as short |
| BingX BCH-USDC | +0.0058% | 8h | 271.27 | −0.011% | — | $6.5M | — | as long as short |
| BloFin BCH-USDT | +0.0060% | 8h | 271.32 | +0.007% | $4.0M | $4.2M | 50x | as long as short |
| OKX BCH-USDT-SWAP | +0.0066% | 8h | 271.10 | −0.074% | $26.2M | $78.3M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 271.25 | −0.018% | $379K | $584K | 10x | as long as short |
| Nado BCH-PERPshort | +0.0100% | 1h | 271.26 | −0.014% | $446K | $427K | 10x | |
| Hyperliquid BCH | +0.0100% | 1h | 271.63 | +0.122% | $6.1M | $4.2M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 271.49 | +0.069% | $221K | $700K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 271.29 | −0.004% | $165K | $468K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 271.40 | +0.037% | $9.2M | $8.0M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 271.65 | +0.128% | $19K | $289K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 271.90 | +0.221% | $74K | $214K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 271.05 | −0.092% | $2K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 271.26 | −0.015% | $785K | $1.7M | 75x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0112% | 1h | 271.36 | +0.021% | $810K | $3.2M | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0342% / S −0.0467% | 1h | 271.68 | +0.141% | $26K | — | 100x | as long as short |
Bitget BCHUSDT
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
GRVT BCH_USDT_Perp
Coinbase International BCH-PERP-INTX
Orderly PERP_BCH_USDC
BingX BCH-USDC
BloFin BCH-USDT
OKX BCH-USDT-SWAP
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
Kraken Futures PF_BCHUSD
GMX BCH/USD [WBTC.b-USDC]