Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0155%/8h= +17.0% APRpaid last 24h −0.009%

Price spread now: Nado against Binance−0.026%48s7-day average −0.018% · 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—prices read too far apart to compare

costs, in and out, $10k−$310.306% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.348%+$35 · spread now −0.026%, 7d avg −0.018%

Together, before fees+0.326%+ Points / potential airdropNado: Active · farm board+$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BCHUSDT	266.29	−0.0055	get 0.0055% / 8h	7h 32m	$73.6M	$216.2M	75x
Short	Nado BCH-PERP	266.22	0.0100	get 0.0012% / 1h	32m 49s	$427K	$352K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Binance. 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 BinancebpFee NadobpOrdersPrice spread, now −0.026%Rate

Funding earned: $32.63
Price spread: −0.026% → −0.018%: −$0.82
Slippage, 4 orders: −$13.59
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $1.22
Costs to cover: 0.306%
Break-even: 6.7 days

Slippage from Binance: live order book, 11 min ago; Nado: live order book, 65 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 Binance live order book, 11 min ago	0.19 bp	8.3 bp −$8	18.4 bp −$184	55.3 bp −$5,527	doesn't fit
Sell Nado live order book, 65 min ago	0.57 bp	7.9 bp −$8	20.2 bp −$202	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	−0.0378%	1h	266.19	−0.037%	$2K	$8K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0180%	8h	266.85	+0.213%	$389K	$17K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0159%	1h	266.41	+0.044%	$869K	$2.7M	50x	as long as short
Variational Omni BCH	−0.0129%	8h	266.91	+0.232%	$149K	$262K	—	as long as short
OKX BCH-USDT-SWAP	−0.0097%	8h	266.10	−0.071%	$25.2M	$78.1M	50x	as long as short
KuCoin BCHUSDTM	−0.0074%	8h	266.43	+0.053%	$8.5M	$6.2M	75x	as long as short
Bitget BCHUSDT	−0.0071%	8h	266.29	+0.001%	$19.1M	$27.2M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0065%	1h	266.31	+0.010%	$418K	$359K	25x	as long as short
Extended BCH-USD	−0.0056%	1h	266.19	−0.038%	$119K	$915K	25x	as long as short
Binance BCHUSDTlong	−0.0055%	8h	266.29	long leg	$73.6M	$216.2M	75x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0053%	8h	266.93	+0.241%	$71.7M	$9.3M	200x	as long as short
Gate BCH_USDT	−0.0044%	8h	266.41	+0.046%	$8.3M	$12.9M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	266.43	+0.055%	$15K	—	150x	as long as short
Phemex BCHUSDT	−0.0002%	8h	266.32	+0.012%	$4.9M	$6.5M	50x	as long as short
Pacifica BCH	−0.0002%	1h	266.26	−0.010%	$155K	$296K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	266.50	+0.080%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	266.64	+0.132%	$1.0M	$9.1M	2.7x	as long as short
Aster BCHUSDT	+0.0005%	8h	266.63	+0.130%	$143K	$574K	75x	as long as short
Bybit BCHUSDT	+0.0012%	8h	266.18	−0.041%	$39.4M	$32.2M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.469%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0043%	8h	266.15	−0.052%	$2K	—	10x	as long as short
BloFin BCH-USDT	+0.0066%	8h	266.27	−0.007%	$3.5M	$5.1M	50x	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	268.36	+0.778%	$304K	$2.1M	50x	as long as short
Lighter BCH	+0.0096%	1h	266.40	+0.044%	$375K	$495K	10x	as long as short
Nado BCH-PERPshort	+0.0100%	1h	266.22	−0.026%	$427K	$352K	10x
Hyperliquid BCH	+0.0100%	1h	266.61	+0.121%	$5.8M	$4.7M	10x	as long as short
BingX BCH-USDC	+0.0100%	8h	266.27	−0.007%	—	$6.5M	—	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.89	+0.225%	$19K	$345K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	267.84	+0.583%	$97K	$241K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.01	−0.104%	$1K	$1.6M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	265.98	−0.116%	$775K	$1.4M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	266.36	+0.027%	$12K	—	100x	as long as short