Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.021%

Price spread now: OKX against Nado−0.017%7-day average −0.008% · 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−$36as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on Nado Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.091%+$9 on $10k

Price spread, last 4 days (all we have)−0.117%−$12 · spread now −0.017%, 7d avg −0.008%

Together, before fees−0.026%+ Points / potential airdropNado: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BCH-PERP	265.64	−0.0196	get 0.0025% / 1h	46m 08s	$429K	$345K	10x
Short	OKX BCH-USDT-SWAP	265.60	−0.0100	pay 0.0100% / 8h	3h 46m	$25.2M	$76.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.017%Rate

Funding earned: $20.23
Price spread: −0.017% → −0.008%: −$0.92
Slippage, 4 orders: −$18.08
Fee Nado: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$15.77
Costs to cover: 0.351%
Break-even: 12.5 days

Slippage from Nado: live order book, 7 min ago; OKX: live order book, 3 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, 7 min ago	0.75 bp	8.2 bp −$8	23.7 bp −$237	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.88 bp	9.1 bp −$9	17.6 bp −$176	98.5 bp −$9,849	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
Phemex BCHUSDT	−0.0268%	8h	265.64	−0.002%	$5.0M	$6.4M	50x	as long as short
SunX BCH-USDT	−0.0266%	8h	265.54	−0.040%	$2K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0231%	8h	265.60	−0.017%	$775K	$1.4M	75x	as long as short
Nado BCH-PERPlong	−0.0196%	1h	265.64	long leg	$429K	$345K	10x
SoDEX BCH-USD	−0.0151%	1h	265.67	+0.009%	$2K	$8K	10x	as long as short
OKX BCH-USDT-SWAPshort	−0.0100%	8h	265.60	−0.017%	$25.2M	$76.5M	50x
KuCoin BCHUSDTM	−0.0083%	8h	265.68	+0.013%	$8.5M	$7.0M	75x	as long as short
Extended BCH-USD	−0.0080%	1h	265.57	−0.030%	$112K	$958K	25x	as long as short
MEXC BCH_USDT	−0.0080%	8h	266.12	+0.179%	$70.4M	$7.9M	200x	as long as short
Binance BCHUSDT	−0.0079%	8h	265.67	+0.009%	$72.1M	$215.5M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BCHUSDT	−0.0076%	8h	265.59	−0.021%	$19.0M	$28.2M	75x	as long as short
Variational Omni BCH	−0.0068%	8h	265.60	−0.016%	$81K	$196K	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	265.45	−0.073%	$217K	$1.8M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0054%	8h	265.07	−0.217%	$386K	$17K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0051%	1h	265.93	+0.106%	$853K	$3.0M	50x	as long as short
Gate BCH_USDT	−0.0038%	8h	265.68	+0.013%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.83	+0.070%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.86	+0.081%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.95	+0.115%	$1.0M	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.80	+0.059%	$444K	$332K	25x	as long as short
BingX BCH-USDC	+0.0006%	8h	265.64	−0.002%	—	$6.5M	—	as long as short
Bybit BCHUSDT	+0.0009%	8h	265.60	−0.017%	$39.2M	$31.2M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.715%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0039%	8h	265.53	−0.043%	$3.9M	$4.3M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0044%	8h	265.63	−0.006%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0089%	8h	265.61	−0.013%	$154K	$545K	75x	as long as short
Lighter BCH	+0.0096%	1h	265.70	+0.021%	$358K	$488K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.89	+0.092%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	265.74	+0.036%	$160K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.18	−0.176%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.46	−0.070%	$97K	$233K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0359% / S −0.0530%	1h	265.78	+0.050%	$25K	—	100x	as long as short