Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0193%/8h= −21.1% APRpaid last 24h +0.018%

Price spread now: Binance against Nado−0.016%7-day average +0.017% · 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−$31as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.024%+$2 on $10k

Price spread, last 3 days (all we have)−0.171%−$17 · spread now −0.016%, 7d avg +0.017%

Together, before fees−0.147%+ Points / potential airdropNado: Active · farm board−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.032% cheaper against Nado than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.017%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.024% in total (about 2.8% 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	267.82	0.0100	pay 0.0012% / 1h	4m 51s	$438K	$425K	10x
Short	Binance BCHUSDT	267.78	−0.0093	pay 0.0093% / 8h	2h 04m	$73.8M	$229.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.016%Rate

Funding earned: −$40.56
Price spread: −0.016% → +0.017%: −$3.25
Slippage, 4 orders: −$10.73
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$71.54
Costs to cover: 0.277%
Break-even: never at this rate

Slippage from Nado: live order book, 18 min ago; Binance: live order book, 9 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, 18 min ago	0.19 bp	7.0 bp −$7	22.5 bp −$225	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.19 bp	5.5 bp −$6	14.5 bp −$145	44.4 bp −$4,441	127.8 bp −$63.9K

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	−0.0436%	1h	267.91	+0.035%	$438K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	268.50	+0.254%	$716	$110K	12x	as long as short
Phemex BCHUSDT	−0.0177%	8h	267.87	+0.019%	$4.9M	$6.3M	50x	as long as short
SoDEX BCH-USD	−0.0152%	1h	267.79	−0.011%	$2K	$6K	10x	as long as short
Extended BCH-USD	−0.0096%	1h	267.72	−0.037%	$115K	$653K	25x	as long as short
Binance BCHUSDTshort	−0.0093%	8h	267.78	−0.016%	$73.8M	$229.4M	75x
MEXC BCH_USDT	−0.0092%	8h	268.54	+0.269%	$71.1M	$6.4M	200x	as long as short
Variational Omni BCH	−0.0073%	8h	267.74	−0.031%	$85K	$291K	—	as long as short
Bitget BCHUSDT	−0.0034%	8h	267.75	−0.026%	$19.9M	$29.0M	75x	as long as short
Gate BCH_USDT	−0.0027%	8h	267.89	+0.026%	$8.4M	$14.5M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTX	−0.0024%	1h	268.88	+0.396%	$242K	$2.1M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0016%	8h	268.59	+0.286%	$391K	$17K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	268.03	+0.079%	$5K	$248	10x	as long as short
Bybit BCHUSDT	0.0000%	8h	267.70	−0.045%	$39.3M	$32.2M	75x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.10	+0.105%	$1.1M	$11.3M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.97	+0.056%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0026%	8h	267.81	−0.004%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0027%	8h	267.86	+0.015%	$4.0M	$4.1M	50x	as long as short
BingX BCH-USDT	+0.0029%	8h	267.92	+0.037%	—	$32.0M	—	as long as short
OKX BCH-USDT-SWAP	+0.0029%	8h	267.70	−0.045%	$26.2M	$75.9M	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	268.16	+0.127%	$804K	$3.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	267.88	+0.022%	$376K	$581K	10x	as long as short
Nado BCH-PERPlong	+0.0100%	1h	267.82	long leg	$438K	$425K	10x
Hyperliquid BCH	+0.0100%	1h	268.18	+0.134%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.02	+0.073%	$235K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.89	+0.028%	$169K	$455K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	267.94	+0.045%	$8.9M	$7.9M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.56	+0.278%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.37	+0.205%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.65	−0.063%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.77	−0.019%	$771K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0340% / S −0.0467%	1h	267.98	+0.061%	$26K	—	100x	as long as short