Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0325%/8h= +35.6% APRpaid last 24h +0.027%

Price spread now: Aster against Nado+0.170%7-day average +0.047% · 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−$26as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.098%+$10 on $10k

Price spread, last 4 days (all we have)−0.373%−$37 · spread now +0.170%, 7d avg +0.047%

Together, before fees−0.275%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Aster is 0.124% dearer against Nado than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.047%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.098% in total (about 10.7% a year). A funding rate is set anew for every payment. 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	Nado BCH-PERP	263.66	−0.0225	get 0.0028% / 1h	42m 04s	$420K	$339K	10x
Short	Aster BCHUSDT	264.11	0.0100	get 0.0100% / 8h	4h 42m	$166K	$520K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now +0.170%Rate

Funding earned: $68.32
Price spread: +0.170% → +0.047%: $12.35
Slippage, 4 orders: −$23.59
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: $42.08
Costs to cover: 0.386%
Break-even: 2.7 days

Slippage from Nado: live order book, 16 min ago; Aster: live order book, 15 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 Nado live order book, 16 min ago	1.14 bp	9.1 bp −$9	28.3 bp −$283	doesn't fit	doesn't fit
Sell Aster live order book, 15 min ago	5.86 bp	12.2 bp −$12	25.9 bp −$259	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	−0.0721%	8h	263.61	−0.018%	$2K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0323%	8h	263.94	+0.107%	$770K	$1.4M	75x	as long as short
SoDEX BCH-USD	−0.0299%	1h	263.85	+0.073%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0291%	8h	263.85	+0.073%	$4.9M	$6.4M	50x	as long as short
Nado BCH-PERPlong	−0.0225%	1h	263.66	long leg	$420K	$339K	10x
GRVT BCH_USDT_Perp	−0.0113%	8h	263.84	+0.071%	$385K	$17K	10x	as long as short
Extended BCH-USD	−0.0104%	1h	263.73	+0.028%	$114K	$955K	25x	as long as short
MEXC BCH_USDT	−0.0104%	8h	264.26	+0.229%	$69.9M	$7.5M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	264.08	+0.160%	$219K	$1.8M	50x	as long as short
Binance BCHUSDT	−0.0103%	8h	263.89	+0.088%	$71.9M	$213.7M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0096%	8h	264.01	+0.134%	$8.3M	$13.5M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0095%	8h	263.60	−0.022%	$24.9M	$74.1M	50x	as long as short
KuCoin BCHUSDTM	−0.0094%	8h	263.90	+0.092%	$8.5M	$7.1M	75x	as long as short
Variational Omni BCH	−0.0085%	8h	263.60	−0.021%	$81K	$201K	—	as long as short
Bitget BCHUSDT	−0.0077%	8h	263.74	+0.031%	$18.9M	$28.1M	75x	as long as short
ApeX Omni BCHUSDT	−0.0050%	1h	263.82	+0.062%	$96K	$228K	50x	as long as short
Bybit BCHUSDT	−0.0021%	8h	263.80	+0.054%	$39.0M	$30.9M	75x	as long as short
BingX BCH-USDT	−0.0019%	8h	263.91	+0.096%	—	$32.1M	—	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0011%	1h	263.97	+0.117%	$442K	$331K	25x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.03	+0.142%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.96	+0.116%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.08	+0.160%	$1.0M	$10.2M	2.7x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	264.00	+0.130%	$846K	$3.0M	50x	as long as short
BloFin BCH-USDT	+0.0016%	8h	264.05	+0.149%	$3.9M	$4.2M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.481%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0034%	8h	263.86	+0.077%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	263.84	+0.070%	$160K	$306K	10x	as long as short
Lighter BCH	+0.0096%	1h	263.87	+0.082%	$360K	$484K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.08	+0.160%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDTshort	+0.0100%	8h	264.11	+0.170%	$166K	$520K	75x
edgeX BCHUSDC	+0.0100%	4h	263.39	−0.100%	$19K	$291K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0356% / S −0.0525%	1h	263.99	+0.127%	$25K	—	100x	as long as short