Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.023%

Price spread now: Nado against Bitget+0.008%52s7-day average −0.007% · 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—prices read too far apart to compare

costs, in and out, $10k−$350.353% of the position

Long on Bitget Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.081%−$8 on $10k

Price spread, last 4 days (all we have)+0.132%+$13 · spread now +0.008%, 7d avg −0.007%

Together, before fees+0.051%+ Points / potential airdropNado: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BCHUSDT	263.13	−0.0103	get 0.0103% / 8h	3h 00m	$18.8M	$28.3M	75x
Short	Nado BCH-PERP	263.15	−0.0183	pay 0.0023% / 1h	0m 38s	$427K	$347K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bitget. 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 BitgetbpFee NadobpOrdersPrice spread, now +0.008%Rate

Funding earned: −$16.86
Price spread: +0.008% → −0.007%: $1.41
Slippage, 4 orders: −$16.33
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$50.78
Costs to cover: 0.353%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Nado: live order book, 52 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 Bitget live order book, 3 min ago	0.38 bp	8.2 bp −$8	16.6 bp −$166	44.9 bp −$4,495	doesn't fit
Sell Nado live order book, 52 min ago	0.75 bp	7.2 bp −$7	19.6 bp −$196	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
SoDEX BCH-USD	−0.0275%	1h	263.22	+0.034%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0236%	8h	262.97	−0.061%	$770K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0193%	8h	263.37	+0.091%	$4.9M	$6.4M	50x	as long as short
Nado BCH-PERPshort	−0.0183%	1h	263.15	+0.008%	$427K	$347K	10x
SunX BCH-USDT	−0.0149%	8h	263.09	−0.015%	$2K	$1.7M	30x	as long as short
KuCoin BCHUSDTM	−0.0106%	8h	263.30	+0.065%	$8.4M	$6.8M	75x	as long as short
Bitget BCHUSDTlong	−0.0103%	8h	263.13	long leg	$18.8M	$28.3M	75x
OKX BCH-USDT-SWAP	−0.0083%	8h	263.10	−0.011%	$25.0M	$75.9M	50x	as long as short
Variational Omni BCH	−0.0067%	8h	263.00	−0.048%	$81K	$196K	—	as long as short
MEXC BCH_USDT	−0.0065%	8h	263.69	+0.213%	$69.8M	$7.9M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0065%	8h	263.22	+0.034%	$71.4M	$216.2M	75x	as long as short
Extended BCH-USD	−0.0064%	1h	263.18	+0.019%	$113K	$1.1M	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	263.60	+0.179%	$219K	$1.8M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0052%	1h	263.36	+0.088%	$844K	$3.0M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0042%	8h	263.89	+0.288%	$385K	$17K	10x	as long as short
Gate BCH_USDT	−0.0029%	8h	263.35	+0.084%	$8.3M	$13.7M	75x	as long as short
Bybit BCHUSDT	−0.0011%	8h	263.11	−0.008%	$38.8M	$31.3M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	263.33	+0.078%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.41	+0.107%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	263.54	+0.156%	$985K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	263.42	+0.108%	$441K	$331K	25x	as long as short
BingX BCH-USDT	+0.0003%	8h	263.32	+0.072%	—	$32.9M	—	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.687%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	263.23	+0.038%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0055%	8h	263.13	0.000%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0074%	8h	263.45	+0.122%	$152K	$549K	75x	as long as short
Lighter BCH	+0.0096%	1h	263.25	+0.047%	$353K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.43	+0.114%	$5.6M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	263.26	+0.049%	$158K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.42	+0.110%	$18K	$331K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	263.56	+0.163%	$96K	$234K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	263.28	+0.059%	$12K	—	100x	as long as short