Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%

Price spread now: Nado against KuCoin+0.169%51s7-day average −0.039% · 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−$510.514% of the position

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.083%−$8 on $10k

Price spread, last 3 days (all we have)−0.103%−$10 · spread now +0.169%, 7d avg −0.039%

Together, before fees−0.186%+ Points / potential airdropNado: Active · farm board−$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.207% dearer against KuCoin than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.039%. The two prices were read 51 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	KuCoin BCHUSDTM	269.90	0.0100	pay 0.0100% / 8h	38m 40s	$9.3M	$7.9M	75x
Short	Nado BCH-PERP	270.36	0.0100	get 0.0012% / 1h	38m 40s	$440K	$431K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against KuCoin. 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 KuCoinbpFee NadobpOrdersPrice spread, now +0.169%Rate

Funding earned: $0
Price spread: +0.169% → −0.039%: $20.74
Slippage, 4 orders: −$32.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$30.67
Costs to cover: 0.514%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Nado: live order book, 39 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 KuCoin live order book, 5 min ago	2.03 bp	17.0 bp −$17	65.8 bp −$658	doesn't fit	doesn't fit
Sell Nado live order book, 39 min ago	0.74 bp	8.5 bp −$8	25.8 bp −$258	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	−0.0360%	1h	270.50	+0.221%	$457K	$266K	25x	as long as short
Phemex BCHUSDT	−0.0179%	8h	270.44	+0.200%	$4.9M	$6.5M	50x	as long as short
Variational Omni BCH	−0.0139%	8h	270.42	+0.191%	$83K	$294K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0124%	1h	270.63	+0.269%	$819K	$3.2M	50x	as long as short
SoDEX BCH-USD	−0.0110%	1h	270.38	+0.178%	$2K	$6K	10x	as long as short
Bybit BCHUSDT	−0.0085%	8h	269.70	−0.074%	$39.5M	$33.3M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+0.111%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTX	−0.0032%	1h	271.05	+0.426%	$240K	$2.1M	50x	as long as short
Extended BCH-USD	−0.0024%	1h	270.10	+0.076%	$117K	$653K	25x	as long as short
Binance BCHUSDT	−0.0021%	8h	269.79	−0.041%	$75.2M	$235.9M	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	−0.0020%	8h	270.36	+0.170%	$70.9M	$6.6M	200x	as long as short
dYdX BCH-USD	0.0000%	1h	270.00	+0.036%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	270.91	+0.374%	$1.3M	$11.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	270.55	+0.242%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0007%	8h	269.88	−0.007%	$8.4M	$14.4M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0025%	8h	270.39	+0.182%	$2K	$176	10x	as long as short
GRVT BCH_USDT_Perp	+0.0031%	8h	270.56	+0.246%	$394K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0036%	8h	269.67	−0.085%	$19.6M	$29.7M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0043%	8h	269.70	−0.074%	$26.5M	$79.2M	50x	as long as short
BingX BCH-USDC	+0.0053%	8h	269.70	−0.074%	—	$6.5M	—	as long as short
Lighter BCH	+0.0096%	1h	269.79	−0.042%	$373K	$554K	10x	as long as short
BloFin BCH-USDT	+0.0099%	8h	270.29	+0.144%	$4.0M	$4.2M	50x	as long as short
Nado BCH-PERPshort	+0.0100%	1h	270.36	+0.169%	$440K	$431K	10x
Hyperliquid BCH	+0.0100%	1h	270.13	+0.084%	$6.1M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	269.78	−0.044%	$216K	$707K	75x	as long as short
Pacifica BCH	+0.0100%	1h	269.92	+0.007%	$164K	$467K	10x	as long as short
KuCoin BCHUSDTMlong	+0.0100%	8h	269.90	long leg	$9.3M	$7.9M	75x
edgeX BCHUSDC	+0.0100%	4h	270.46	+0.207%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	270.64	+0.274%	$73K	$213K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	270.22	+0.119%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	270.39	+0.182%	$777K	$1.7M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0335% / S −0.0340%	1h	270.54	+0.236%	$27K	—	100x	as long as short