Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0110%/8h= −12.1% APRpaid last 24h +0.017%

Price spread now: MEXC against Nado+0.163%7-day average +0.207% · 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−$28as in the Price arb table

costs, in and out, $10k−$240.235% of the position

Long on Nado Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.022%+$2 on $10k

Price spread, last 3 days (all we have)−0.166%−$17 · spread now +0.163%, 7d avg +0.207%

Together, before fees−0.143%+ Points / potential airdropNado: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and MEXC is 0.045% cheaper against Nado than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.207%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BCH-PERP	270.70	0.0036	pay 0.0005% / 1h	47m 20s	$444K	$427K	10x
Short	MEXC BCH_USDT	271.14	−0.0074	pay 0.0074% / 8h	1h 47m	$71.7M	$6.3M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.163%Rate

Funding earned: −$23.2
Price spread: +0.163% → +0.207%: −$4.48
Slippage, 4 orders: −$12.54
Fee Nado: 3.5 bp × 2 orders: −$7
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$51.22
Costs to cover: 0.235%
Break-even: never at this rate

Slippage from Nado: live order book, 36 min ago; MEXC: live order book, 2 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, 36 min ago	0.19 bp	7.0 bp −$7	22.5 bp −$225	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.22 bp	4.9 bp −$5	19.6 bp −$196	52.4 bp −$5,241	98.9 bp −$49.5K

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	−0.0367%	1h	270.49	−0.076%	$459K	$265K	25x	as long as short
Phemex BCHUSDT	−0.0213%	8h	270.56	−0.052%	$4.9M	$6.3M	50x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	270.20	−0.185%	$721	$130K	12x	as long as short
MEXC BCH_USDTshort	−0.0074%	8h	271.14	+0.163%	$71.7M	$6.3M	200x
Binance BCHUSDT	−0.0072%	8h	270.41	−0.107%	$75.3M	$232.0M	75x	as long as short
Extended BCH-USD	−0.0072%	1h	270.24	−0.171%	$116K	$653K	25x	as long as short
Variational Omni BCH	−0.0071%	8h	269.63	−0.396%	$86K	$291K	—	as long as short
SoDEX BCH-USD	−0.0060%	1h	270.31	−0.144%	$2K	$6K	10x	as long as short
Bitget BCHUSDT	−0.0017%	8h	270.32	−0.140%	$20.1M	$29.0M	75x	as long as short
Gate BCH_USDT	−0.0013%	8h	270.54	−0.059%	$8.4M	$14.7M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BCH_USDT_Perp	−0.0001%	8h	269.74	−0.355%	$393K	$17K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	270.71	+0.003%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	270.55	−0.055%	$1.1M	$11.5M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	270.56	−0.053%	$4K	—	150x	as long as short
Bybit BCHUSDT	+0.0001%	8h	270.34	−0.133%	$39.8M	$32.6M	75x	as long as short
Coinbase International BCH-PERP-INTX	+0.0016%	1h	270.66	−0.015%	$233K	$2.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0026%	8h	270.36	−0.126%	$2K	$176	10x	as long as short
Nado BCH-PERPlong	+0.0036%	1h	270.70	long leg	$444K	$427K	10x
BloFin BCH-USDT	+0.0043%	8h	270.03	−0.248%	$4.0M	$4.1M	50x	as long as short
BingX BCH-USDC	+0.0044%	8h	270.56	−0.052%	—	$6.5M	—	as long as short
OKX BCH-USDT-SWAP	+0.0053%	8h	270.30	−0.148%	$26.2M	$77.4M	50x	as long as short
Lighter BCH	+0.0096%	1h	270.69	−0.003%	$379K	$583K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	270.91	+0.078%	$6.1M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	270.77	+0.028%	$221K	$700K	75x	as long as short
Pacifica BCH	+0.0100%	1h	270.73	+0.013%	$165K	$468K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	270.83	+0.048%	$9.0M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	269.81	−0.329%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	270.08	−0.229%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	270.20	−0.185%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	270.14	−0.207%	$786K	$1.7M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0112%	1h	270.58	−0.046%	$809K	$3.2M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0342% / S −0.0467%	1h	270.62	−0.030%	$26K	—	100x	as long as short