Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0318%/8h= −34.8% APRpaid last 24h −0.027%

Price spread now: Nado against Aster−0.051%7-day average −0.047% · 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−$39as in the Price arb table

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

Long on Aster Short on Nado

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)+0.254%+$25 · spread now −0.051%, 7d avg −0.047%

Together, before fees+0.156%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board+$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.047%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

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	Aster BCHUSDT	264.43	0.0100	pay 0.0100% / 8h	4h 44m	$166K	$520K	75x
Short	Nado BCH-PERP	264.30	−0.0218	pay 0.0027% / 1h	44m 02s	$420K	$338K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Aster. 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 AsterbpFee NadobpOrdersPrice spread, now −0.051%Rate

Funding earned: −$66.75
Price spread: −0.051% → −0.047%: −$0.42
Slippage, 4 orders: −$23.59
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$105.77
Costs to cover: 0.386%
Break-even: never at this rate

Slippage from Aster: live order book, 13 min ago; Nado: live order book, 14 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 Aster live order book, 13 min ago	5.86 bp	10.1 bp −$10	24.6 bp −$246	doesn't fit	doesn't fit
Sell Nado live order book, 14 min ago	1.14 bp	7.2 bp −$7	22.0 bp −$220	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	−0.0746%	8h	263.64	−0.300%	$2K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0327%	8h	264.37	−0.024%	$771K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0301%	8h	264.36	−0.028%	$4.9M	$6.4M	50x	as long as short
SoDEX BCH-USD	−0.0295%	1h	264.32	−0.043%	$2K	$8K	10x	as long as short
Nado BCH-PERPshort	−0.0218%	1h	264.30	−0.051%	$420K	$338K	10x
GRVT BCH_USDT_Perp	−0.0122%	8h	263.49	−0.358%	$384K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0112%	1h	263.64	−0.300%	$96K	$228K	50x	as long as short
MEXC BCH_USDT	−0.0105%	8h	264.86	+0.161%	$70.1M	$7.5M	200x	as long as short
Binance BCHUSDT	−0.0104%	8h	264.34	−0.034%	$72.0M	$213.5M	75x	as long as short
Extended BCH-USD	−0.0104%	1h	264.08	−0.134%	$111K	$951K	25x	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	−0.0104%	1h	264.08	−0.134%	$219K	$1.8M	50x	as long as short
Gate BCH_USDT	−0.0093%	8h	264.39	−0.017%	$8.3M	$13.4M	75x	as long as short
KuCoin BCHUSDTM	−0.0092%	8h	264.37	−0.024%	$8.5M	$7.1M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0091%	8h	264.10	−0.126%	$24.9M	$74.2M	50x	as long as short
Variational Omni BCH	−0.0085%	8h	263.60	−0.315%	$81K	$201K	—	as long as short
Bitget BCHUSDT	−0.0077%	8h	264.22	−0.081%	$19.0M	$28.1M	75x	as long as short
BingX BCH-USDC	−0.0028%	8h	264.38	−0.021%	—	$6.5M	—	as long as short
Bybit BCHUSDT	−0.0024%	8h	264.36	−0.028%	$39.1M	$30.9M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.53	+0.037%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.04	−0.148%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.60	+0.063%	$1.0M	$10.2M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.49	+0.022%	$443K	$331K	25x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	264.55	+0.042%	$848K	$3.0M	50x	as long as short
BloFin BCH-USDT	+0.0014%	8h	263.69	−0.281%	$3.9M	$4.2M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.180%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0035%	8h	264.40	−0.013%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	264.12	−0.119%	$161K	$306K	10x	as long as short
Lighter BCH	+0.0096%	1h	264.37	−0.023%	$361K	$484K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.66	+0.085%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDTlong	+0.0100%	8h	264.43	long leg	$166K	$520K	75x
edgeX BCHUSDC	+0.0100%	4h	263.39	−0.393%	$19K	$291K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0356% / S −0.0525%	1h	264.54	+0.040%	$25K	—	100x	as long as short