Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.024%

Price spread now: Nado against edgeX−0.277%7-day average −0.001% · 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−$65as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on edgeX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.094%−$9 on $10k

Price spread, last 3 days (all we have)+0.350%+$35 · spread now −0.277%, 7d avg −0.001%

Together, before fees+0.256%+ Points / potential airdropedgeX: Active · Nado: Active · farm board+$26 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.276% cheaper against edgeX than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BCHUSDC	268.56	0.0100	pay 0.0050% / 4h	2h 04m	$19K	$289K	20x
Short	Nado BCH-PERP	267.82	0.0100	get 0.0012% / 1h	4m 53s	$438K	$425K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against edgeX. 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 edgeXbpFee NadobpOrdersPrice spread, now −0.277%Rate

Funding earned: $0
Price spread: −0.277% → −0.001%: −$27.57
Slippage, 4 orders: −$21.62
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$65.2
Costs to cover: 0.376%
Break-even: never at this rate

Slippage from edgeX: live order book, 18 min ago; Nado: live order book, 18 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 edgeX live order book, 18 min ago	7.26 bp	11.8 bp −$12	14.7 bp −$147	doesn't fit	doesn't fit
Sell Nado live order book, 18 min ago	0.19 bp	7.0 bp −$7	19.1 bp −$191	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
Deribit BCH_USDC-PERPETUAL	−0.0436%	1h	267.91	−0.242%	$438K	$247K	25x	as long as short
Injective BCH/USDC PERP	−0.0304%	1h	268.50	−0.024%	$716	$110K	12x	as long as short
Phemex BCHUSDT	−0.0177%	8h	267.87	−0.258%	$4.9M	$6.3M	50x	as long as short
SoDEX BCH-USD	−0.0152%	1h	267.79	−0.288%	$2K	$6K	10x	as long as short
Extended BCH-USD	−0.0096%	1h	267.72	−0.313%	$115K	$653K	25x	as long as short
Binance BCHUSDT	−0.0093%	8h	267.78	−0.292%	$73.8M	$229.4M	75x	as long as short
MEXC BCH_USDT	−0.0092%	8h	268.54	−0.009%	$71.1M	$6.4M	200x	as long as short
Variational Omni BCH	−0.0073%	8h	267.74	−0.307%	$85K	$291K	—	as long as short
Bitget BCHUSDT	−0.0034%	8h	267.75	−0.303%	$19.9M	$29.0M	75x	as long as short
Gate BCH_USDT	−0.0027%	8h	267.89	−0.251%	$8.4M	$14.5M	75x	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	−0.0024%	1h	268.88	+0.118%	$242K	$2.1M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0016%	8h	268.59	+0.009%	$391K	$17K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	268.03	−0.198%	$5K	$248	10x	as long as short
Bybit BCHUSDT	0.0000%	8h	267.70	−0.322%	$39.3M	$32.2M	75x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	268.10	−0.173%	$1.1M	$11.3M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.97	−0.221%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0026%	8h	267.81	−0.281%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0027%	8h	267.86	−0.262%	$4.0M	$4.1M	50x	as long as short
BingX BCH-USDT	+0.0029%	8h	267.92	−0.240%	—	$32.0M	—	as long as short
OKX BCH-USDT-SWAP	+0.0029%	8h	267.70	−0.322%	$26.2M	$75.9M	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	268.16	−0.151%	$804K	$3.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	267.88	−0.255%	$376K	$581K	10x	as long as short
Nado BCH-PERPshort	+0.0100%	1h	267.82	−0.277%	$438K	$425K	10x
Hyperliquid BCH	+0.0100%	1h	268.18	−0.143%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.02	−0.204%	$235K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.89	−0.249%	$169K	$455K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	267.94	−0.232%	$8.9M	$7.9M	75x	as long as short
edgeX BCHUSDClong	+0.0100%	4h	268.56	long leg	$19K	$289K	20x
ApeX Omni BCHUSDT	+0.0100%	1h	268.37	−0.072%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.65	−0.340%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.77	−0.296%	$771K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0340% / S −0.0467%	1h	267.98	−0.217%	$26K	—	100x	as long as short