Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.018%

Price spread now: Nado against BingX+0.007%7-day average −0.022% · 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−$23as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on BingX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.097%−$10 on $10k

Price spread, last 4 days (all we have)+0.703%+$70 · spread now +0.007%, 7d avg −0.022%

Together, before fees+0.605%+ Points / potential airdropNado: Active · farm board+$61 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Nado is 0.029% dearer against BingX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.022%. Mind the row above: over the last 4 days funding on this pair cost −0.097%, 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	BingX BCH-USDT	268.94	0.0004	pay 0.0004% / 8h	6h 58m	—	$14.5M	—
Short	Nado BCH-PERP	268.96	0.0054	get 0.0007% / 1h	58m 09s	$458K	$378K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BingX. 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 BingXbpFee NadobpOrdersPrice spread, now +0.007%Rate

Funding earned: $10.46
Price spread: +0.007% → −0.022%: $2.93
Slippage, 4 orders: −$8.87
Fee BingX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$12.48
Costs to cover: 0.259%
Break-even: 15.4 days

Slippage from BingX: live order book, 5 min ago; Nado: live order book, 35 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 BingX live order book, 5 min ago	0.37 bp	5.8 bp −$6	7.1 bp −$71	8.8 bp −$880	15.0 bp −$7,510
Sell Nado live order book, 35 min ago	0.94 bp	7.0 bp −$7	19.6 bp −$196	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
Phemex BCHUSDT	−0.0210%	8h	269.02	+0.030%	$5.0M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0195%	1h	268.87	−0.026%	$2K	$8K	10x	as long as short
Variational Omni BCH	−0.0119%	8h	270.00	+0.394%	$147K	$259K	—	as long as short
OKX BCH-USDT-SWAP	−0.0107%	8h	268.60	−0.126%	$25.5M	$76.1M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0097%	8h	270.39	+0.541%	$394K	$17K	10x	as long as short
Binance BCHUSDT	−0.0060%	8h	268.84	−0.038%	$73.9M	$205.9M	75x	as long as short
MEXC BCH_USDT	−0.0059%	8h	269.51	+0.212%	$72.8M	$9.3M	200x	as long as short
Extended BCH-USD	−0.0056%	1h	268.69	−0.091%	$121K	$921K	25x	as long as short
Bitget BCHUSDT	−0.0055%	8h	268.88	−0.022%	$19.3M	$27.2M	75x	as long as short
KuCoin BCHUSDTM	−0.0047%	8h	268.95	+0.004%	$8.5M	$5.9M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	270.16	+0.454%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	269.16	+0.083%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.58	+0.238%	$1.0M	$8.7M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	269.07	+0.048%	$423K	$356K	25x	as long as short
BingX BCH-USDTlong	+0.0004%	8h	268.94	long leg	—	$14.5M	—
Gate BCH_USDT	+0.0015%	8h	268.95	+0.004%	$8.3M	$12.4M	75x	as long as short
Aster BCHUSDT	+0.0021%	8h	269.09	+0.056%	$149K	$556K	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.469%	$721	$130K	12x	as long as short
Bybit BCHUSDT	+0.0038%	8h	268.80	−0.052%	$39.8M	$30.9M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0044%	8h	268.94	0.000%	$2K	$540	10x	as long as short
Nado BCH-PERPshort	+0.0054%	1h	268.96	+0.007%	$458K	$378K	10x
BloFin BCH-USDT	+0.0060%	8h	268.73	−0.078%	$3.5M	$5.2M	50x	as long as short
Pacifica BCH	+0.0095%	1h	268.96	+0.007%	$156K	$278K	10x	as long as short
Lighter BCH	+0.0096%	1h	269.11	+0.062%	$393K	$466K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.12	+0.067%	$5.9M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	270.12	+0.439%	$19K	$346K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	270.49	+0.576%	$98K	$243K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.72	−0.082%	$1K	$1.5M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.96	+0.007%	$781K	$1.3M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0104%	1h	269.03	+0.035%	$879K	$2.7M	50x	as long as short
Coinbase International BCH-PERP-INTX	+0.0144%	1h	269.05	+0.041%	$346K	$2.1M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0210% / S −0.0163%	1h	270.39	+0.538%	$13K	—	100x	as long as short