Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0037%/8h= +4.0% APRpaid last 24h +0.001%

Price spread now: Nado against Bybit+0.730%49s7-day average +0.004% · 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—prices read too far apart to compare

costs, in and out, $10k−$380.380% of the position

Long on Bybit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.049%−$5 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.730%, 7d avg +0.004%

Together, before fees−0.041%+ Points / potential airdropNado: Active · farm board−$4 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 0.726% dearer against Bybit than usual: you sell high and buy low: +$73 more if the spread goes back to its 7-day average of +0.004%. The two prices were read 49 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	Bybit BCHUSDT	263.44	−0.0074	get 0.0074% / 8h	6h 42m	$38.8M	$33.4M	75x
Short	Nado BCH-PERP	265.36	−0.0037	pay 0.0005% / 1h	42m 41s	$434K	$425K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bybit. 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 BybitbpFee NadobpOrdersPrice spread, now +0.730%Rate

Funding earned: $7.73
Price spread: +0.730% → +0.004%: $72.59
Slippage, 4 orders: −$20
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $42.31
Costs to cover: 0.380%
Break-even: from the start

Slippage from Bybit: live order book, 1 min ago; Nado: live order book, 25 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 Bybit live order book, 1 min ago	1.88 bp	9.1 bp −$9	17.8 bp −$178	83.8 bp −$8,382	doesn't fit
Sell Nado live order book, 25 min ago	1.30 bp	9.0 bp −$9	21.1 bp −$211	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	−0.0522%	1h	265.24	+0.683%	$448K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0488%	1h	265.19	+0.664%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0427%	8h	265.12	+0.638%	$4.9M	$6.5M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0300%	1h	265.44	+0.761%	$849K	$3.1M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0210%	8h	265.18	+0.662%	$387K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0156%	1h	265.88	+0.926%	$97K	$227K	50x	as long as short
Gate BCH_USDT	−0.0154%	8h	263.32	−0.046%	$8.4M	$13.3M	75x	as long as short
Variational Omni BCH	−0.0125%	8h	265.41	+0.747%	$81K	$285K	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0112%	1h	266.10	+1.010%	$236K	$2.1M	50x	as long as short
Binance BCHUSDT	−0.0090%	8h	263.25	−0.072%	$71.2M	$234.2M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0090%	8h	263.62	+0.068%	$69.5M	$6.9M	200x	as long as short
Extended BCH-USD	−0.0088%	1h	263.19	−0.094%	$111K	$965K	25x	as long as short
Bybit BCHUSDTlong	−0.0074%	8h	263.44	long leg	$38.8M	$33.4M	75x
HTX BCH-USDT	−0.0054%	8h	265.45	+0.763%	$776K	$1.6M	75x	as long as short
SunX BCH-USDT	−0.0046%	8h	265.28	+0.698%	$2K	$1.9M	30x	as long as short
Nado BCH-PERPshort	−0.0037%	1h	265.36	+0.730%	$434K	$425K	10x
Bitget BCHUSDT	−0.0034%	8h	263.24	−0.076%	$18.9M	$29.5M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0030%	8h	263.30	−0.053%	$25.1M	$78.1M	50x	as long as short
BingX BCH-USDT	−0.0023%	8h	263.23	−0.080%	—	$32.3M	—	as long as short
dYdX BCH-USD	0.0000%	1h	263.56	+0.045%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.83	+0.907%	$1.1M	$11.0M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.52	+0.790%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0029%	8h	265.15	+0.649%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.566%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0034%	8h	266.13	+1.021%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0040%	1h	263.27	−0.065%	$160K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0064%	8h	263.16	−0.106%	$8.5M	$7.6M	75x	as long as short
Lighter BCH	+0.0096%	1h	263.22	−0.083%	$362K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.46	+0.008%	$5.7M	$5.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	263.35	−0.034%	$163K	$692K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.61	+0.822%	$19K	$292K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.48	+0.773%	$25K	—	100x	as long as short