Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0204%/8h= −22.4% APRpaid last 24h −0.020%

Price spread now: Nado against BingX−0.279%7-day average — · 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−$73as in the Price arb table

costs, in and out, $10k−$450.450% of the position

Long on BingX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Nado is 0.279% cheaper against BingX than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BCH-USDC	264.45	−0.0028	get 0.0028% / 8h	4h 40m	—	$6.5M	—
Short	Nado BCH-PERP	263.71	−0.0232	pay 0.0029% / 1h	40m 50s	$423K	$340K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BingX. 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 BingXbpFee NadobpOrdersPrice spread, now −0.279%Rate

Funding earned: −$42.92
Price spread: −0.279% → 0.000%: −$27.89
Slippage, 4 orders: −$27.95
Fee BingX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$115.76
Costs to cover: 0.450%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Nado: live order book, 17 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 BingX live order book, 10 min ago	1.33 bp	14.5 bp −$14	35.5 bp −$355	124.6 bp −$12.5K	445.3 bp −$222.6K
Sell Nado live order book, 17 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	−0.0708%	8h	263.70	−0.284%	$1K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0319%	8h	263.95	−0.189%	$770K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0284%	8h	264.00	−0.170%	$4.9M	$6.4M	50x	as long as short
SoDEX BCH-USD	−0.0268%	1h	264.05	−0.151%	$2K	$8K	10x	as long as short
Nado BCH-PERPshort	−0.0232%	1h	263.71	−0.279%	$423K	$340K	10x
GRVT BCH_USDT_Perp	−0.0113%	8h	263.84	−0.229%	$385K	$17K	10x	as long as short
Extended BCH-USD	−0.0104%	1h	264.33	−0.044%	$114K	$950K	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	264.08	−0.140%	$219K	$1.8M	50x	as long as short
Binance BCHUSDT	−0.0103%	8h	264.52	+0.025%	$72.0M	$213.6M	75x	as long as short
MEXC BCH_USDT	−0.0103%	8h	264.80	+0.132%	$70.1M	$7.5M	200x	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	264.49	+0.015%	$8.3M	$13.5M	75x	as long as short
KuCoin BCHUSDTM	−0.0095%	8h	264.38	−0.026%	$8.5M	$7.1M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0094%	8h	264.40	−0.019%	$24.9M	$74.4M	50x	as long as short
Variational Omni BCH	−0.0086%	8h	263.90	−0.208%	$81K	$201K	—	as long as short
Bitget BCHUSDT	−0.0078%	8h	264.42	−0.011%	$19.0M	$28.1M	75x	as long as short
ApeX Omni BCHUSDT	−0.0050%	1h	263.82	−0.238%	$96K	$228K	50x	as long as short
BingX BCH-USDClong	−0.0028%	8h	264.45	long leg	—	$6.5M	—
Bybit BCHUSDT	−0.0020%	8h	264.40	−0.019%	$39.1M	$30.9M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.09	−0.136%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.96	−0.184%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.20	−0.095%	$1.0M	$10.2M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.20	−0.093%	$442K	$331K	25x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	264.26	−0.072%	$847K	$3.0M	50x	as long as short
BloFin BCH-USDT	+0.0017%	8h	264.13	−0.121%	$3.9M	$4.2M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.174%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0034%	8h	264.06	−0.147%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	263.84	−0.231%	$160K	$306K	10x	as long as short
Lighter BCH	+0.0096%	1h	264.10	−0.133%	$361K	$484K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.75	+0.113%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	264.18	−0.101%	$166K	$520K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.10	−0.133%	$19K	$288K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0356% / S −0.0525%	1h	264.07	−0.143%	$25K	—	100x	as long as short