Funding you earn now, next payment 04:00 UTC−0.0248%/8h= −27.2% APRnext payment −$0.31 per $10,000 · paid last 24h +0.018%
Price spread now: Nado against Kraken Futures−0.028%7-day average −0.080% · 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−$42as in the Price arb table
costs, in and out, $10k−$470.473% of the position
Funding, last 3 days (all we have)+0.011%+$1 on $10k
+Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.028%, 7d avg −0.080%
=Together, before fees+0.082%+ Points / potential airdropNado: Active · farm board+$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.052% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.028% now, against its 7-day average of −0.080%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 17 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.011% in total (about 1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.31 per $10,000. 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 | Kraken Futures PF_BCHUSD | 263.87 | 0.0011 | pay 0.0001% / 1h | 38m 09s | $846K | $3.0M | 50x |
| Short | Nado BCH-PERP | 263.80 | −0.0237 | pay 0.0030% / 1h | 38m 09s | $426K | $342K | 10x |
Kraken Futures PF_BCHUSD
Nado BCH-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Kraken Futures. 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
- −$52.15
- Price spread: −0.028% → −0.080%
- $5.21
- Slippage, 4 orders
- −$30.31
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$94.26
- Costs to cover
- 0.473%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; Nado: live order book, 20 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 Kraken Futures live order book, 1 min ago | 5.30 bp | 14.9 bp −$15 | 25.6 bp −$256 | doesn't fit | doesn't fit |
| Sell Nado live order book, 20 min ago | 1.14 bp | 7.2 bp −$7 | 22.0 bp −$220 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX BCH-USDT | −0.0673% | 8h | 263.44 | −0.165% | $1K | $1.7M | 30x | as long as short |
| HTX BCH-USDT | −0.0305% | 8h | 263.59 | −0.108% | $769K | $1.4M | 75x | as long as short |
| Phemex BCHUSDT | −0.0268% | 8h | 263.69 | −0.070% | $4.9M | $6.4M | 50x | as long as short |
| SoDEX BCH-USD | −0.0264% | 1h | 263.65 | −0.085% | $2K | $8K | 10x | as long as short |
| Nado BCH-PERPshort | −0.0237% | 1h | 263.80 | −0.028% | $426K | $342K | 10x | |
| GRVT BCH_USDT_Perp | −0.0105% | 8h | 263.95 | +0.027% | $385K | $17K | 10x | as long as short |
| Extended BCH-USD | −0.0104% | 1h | 263.58 | −0.110% | $114K | $950K | 25x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0104% | 1h | 263.86 | −0.006% | $219K | $1.8M | 50x | as long as short |
| Binance BCHUSDT | −0.0102% | 8h | 263.71 | −0.063% | $71.8M | $213.8M | 75x | as long as short |
| Gate BCH_USDT | −0.0100% | 8h | 263.77 | −0.040% | $8.3M | $13.5M | 75x | as long as short |
SunX BCH-USDT
HTX BCH-USDT
Phemex BCHUSDT
SoDEX BCH-USD
GRVT BCH_USDT_Perp
Extended BCH-USD
Coinbase International BCH-PERP-INTX
Binance BCHUSDT
Gate BCH_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BCH_USDT | −0.0100% | 8h | 264.13 | +0.097% | $69.9M | $7.6M | 200x | as long as short |
| OKX BCH-USDT-SWAP | −0.0095% | 8h | 263.60 | −0.104% | $24.9M | $74.2M | 50x | as long as short |
| KuCoin BCHUSDTM | −0.0094% | 8h | 263.68 | −0.074% | $8.5M | $7.1M | 75x | as long as short |
| Variational Omni BCH | −0.0086% | 8h | 263.90 | +0.010% | $81K | $201K | — | as long as short |
| Bitget BCHUSDT | −0.0078% | 8h | 263.61 | −0.100% | $18.9M | $28.1M | 75x | as long as short |
| BingX BCH-USDC | −0.0019% | 8h | 263.65 | −0.085% | — | $6.5M | — | as long as short |
| Bybit BCHUSDT | −0.0009% | 8h | 263.58 | −0.112% | $38.9M | $30.9M | 75x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 263.94 | +0.023% | $15K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 263.66 | −0.082% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 263.63 | −0.093% | $1.0M | $10.2M | 2.7x | as long as short |
| Deribit BCH_USDC-PERPETUAL | 0.0000% | 1h | 263.95 | +0.027% | $442K | $331K | 25x | as long as short |
| Kraken Futures PF_BCHUSDlong | +0.0011% | 1h | 263.87 | long leg | $846K | $3.0M | 50x | |
| BloFin BCH-USDT | +0.0019% | 8h | 263.63 | −0.093% | $3.9M | $4.2M | 50x | as long as short |
| ApeX Omni BCHUSDT | +0.0027% | 1h | 263.91 | +0.013% | $96K | $228K | 50x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +2.397% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0034% | 8h | 263.77 | −0.040% | $2K | $176 | 10x | as long as short |
| Pacifica BCH | +0.0077% | 1h | 263.53 | −0.129% | $160K | $306K | 10x | as long as short |
| Lighter BCH | +0.0096% | 1h | 263.71 | −0.061% | $360K | $484K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 263.88 | +0.003% | $5.7M | $4.6M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 263.85 | −0.008% | $166K | $516K | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 264.10 | +0.085% | $19K | $288K | 20x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0356% / S −0.0525% | 1h | 263.96 | +0.033% | $25K | — | 100x | as long as short |
MEXC BCH_USDT
OKX BCH-USDT-SWAP
KuCoin BCHUSDTM
Variational Omni BCH
Bitget BCHUSDT
BingX BCH-USDC
Bybit BCHUSDT
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Kalshi KXBCHPERP
Deribit BCH_USDC-PERPETUAL
BloFin BCH-USDT
ApeX Omni BCHUSDT
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
Pacifica BCH
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
edgeX BCHUSDC
GMX BCH/USD [WBTC.b-USDC]