Funding you earn now, next payment 04:00 UTC−0.0124%/8h= −13.6% APRnext payment −$0.16 per $10,000 · paid last 24h −0.004%
Price spread now: Nado against Coinbase International−0.510%7-day average −0.058% · 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−$89as in the Price arb table
costs, in and out, $10k−$440.441% of the position
Funding, last 3 days (all we have)−0.045%−$4 on $10k
+Price spread, last 4 days (all we have)+0.593%+$59 · spread now −0.510%, 7d avg −0.058%
=Together, before fees+0.549%+ Points / potential airdropNado: Active · farm board+$55 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Nado is 0.452% cheaper against Coinbase International than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of −0.058%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International BCH-PERP-INTX | 266.30 | −0.0064 | get 0.0008% / 1h | 28m 01s | $219K | $1.8M | 50x |
| Short | Nado BCH-PERP | 264.94 | −0.0188 | pay 0.0024% / 1h | 28m 01s | $430K | $346K | 10x |
Coinbase International BCH-PERP-INTX
Nado BCH-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$26.06
- Price spread: −0.510% → −0.058%
- −$45.16
- Slippage, 4 orders
- −$27.07
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$115.29
- Costs to cover
- 0.441%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 1 min ago; Nado: live order book, 25 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 Coinbase International live order book, 1 min ago | 4.91 bp | 14.1 bp −$14 | 18.6 bp −$186 | doesn't fit | doesn't fit |
| Sell Nado live order book, 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex BCHUSDT | −0.0255% | 8h | 264.96 | −0.503% | $4.9M | $6.4M | 50x | as long as short |
| SoDEX BCH-USD | −0.0229% | 1h | 265.15 | −0.432% | $2K | $8K | 10x | as long as short |
| HTX BCH-USDT | −0.0224% | 8h | 264.88 | −0.533% | $773K | $1.4M | 75x | as long as short |
| Nado BCH-PERPshort | −0.0188% | 1h | 264.94 | −0.510% | $430K | $346K | 10x | |
| SunX BCH-USDT | −0.0171% | 8h | 264.81 | −0.560% | $1K | $1.7M | 30x | as long as short |
| KuCoin BCHUSDTM | −0.0089% | 8h | 264.88 | −0.533% | $8.5M | $6.9M | 75x | as long as short |
| OKX BCH-USDT-SWAP | −0.0085% | 8h | 264.80 | −0.563% | $25.1M | $76.2M | 50x | as long as short |
| Bitget BCHUSDT | −0.0078% | 8h | 264.79 | −0.567% | $18.9M | $28.3M | 75x | as long as short |
| Binance BCHUSDT | −0.0068% | 8h | 264.81 | −0.558% | $71.9M | $215.7M | 75x | as long as short |
| MEXC BCH_USDT | −0.0067% | 8h | 265.28 | −0.383% | $70.2M | $7.9M | 200x | as long as short |
Phemex BCHUSDT
SoDEX BCH-USD
HTX BCH-USDT
SunX BCH-USDT
KuCoin BCHUSDTM
OKX BCH-USDT-SWAP
Bitget BCHUSDT
Binance BCHUSDT
MEXC BCH_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BCH-USD | −0.0064% | 1h | 264.68 | −0.610% | $113K | $956K | 25x | as long as short |
| Coinbase International BCH-PERP-INTXlong | −0.0064% | 1h | 266.30 | long leg | $219K | $1.8M | 50x | |
| Variational Omni BCH | −0.0060% | 8h | 265.90 | −0.149% | $81K | $196K | — | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0056% | 1h | 265.02 | −0.480% | $443K | $332K | 25x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0051% | 1h | 265.15 | −0.430% | $850K | $3.0M | 50x | as long as short |
| GRVT BCH_USDT_Perp | −0.0038% | 8h | 265.85 | −0.169% | $388K | $17K | 10x | as long as short |
| Gate BCH_USDT | −0.0030% | 8h | 264.97 | −0.499% | $8.3M | $13.6M | 75x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 265.13 | −0.441% | $15K | — | 150x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 265.28 | −0.384% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 265.16 | −0.428% | $996K | $10.4M | 2.7x | as long as short |
| BingX BCH-USDC | +0.0017% | 8h | 264.81 | −0.560% | — | $6.5M | — | as long as short |
| Bybit BCHUSDT | +0.0022% | 8h | 264.83 | −0.552% | $39.0M | $31.2M | 75x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +1.465% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDC | +0.0046% | 8h | 264.94 | −0.511% | $2K | $176 | 10x | as long as short |
| BloFin BCH-USDT | +0.0052% | 8h | 265.35 | −0.357% | $3.9M | $4.4M | 50x | as long as short |
| Aster BCHUSDT | +0.0086% | 8h | 265.13 | −0.440% | $149K | $546K | 75x | as long as short |
| Lighter BCH | +0.0096% | 1h | 264.95 | −0.508% | $356K | $495K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 265.15 | −0.432% | $5.7M | $4.6M | 10x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 265.16 | −0.427% | $159K | $305K | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 265.52 | −0.293% | $18K | $323K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 265.77 | −0.199% | $97K | $234K | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0358% / S −0.0530% | 1h | 265.08 | −0.458% | $25K | — | 100x | as long as short |
Extended BCH-USD
Variational Omni BCH
Deribit BCH_USDC-PERPETUAL
Kraken Futures PF_BCHUSD
GRVT BCH_USDT_Perp
Gate BCH_USDT
gTrade (Gains Network) BCH/USD
dYdX BCH-USD
Kalshi KXBCHPERP
BingX BCH-USDC
Bybit BCHUSDT
Injective BCH/USDC PERP
Orderly PERP_BCH_USDC
BloFin BCH-USDT
Aster BCHUSDT
Lighter BCH
Hyperliquid BCH
Pacifica BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
GMX BCH/USD [WBTC.b-USDC]