Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0118%/8h= −12.9% APRpaid last 24h −0.016%

Price spread now: Nado against MEXC−0.072%51s7-day average −0.207% · 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—prices read too far apart to compare

costs, in and out, $10k−$270.266% of the position

Long on MEXC Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.024%−$2 on $10k

Price spread, last 4 days (all we have)+0.075%+$7 · spread now −0.072%, 7d avg −0.207%

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

The price spread pays, funding is against you. Nado is 0.136% dearer against MEXC than usual: you sell high and buy low (spread −0.072% now, against its 7-day average of −0.207%): +$14 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.8 days. At the pace of the last 3 days (−0.024% in total) that is about 19 days. The two prices were read 51 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	MEXC BCH_USDT	264.99	−0.0070	get 0.0070% / 8h	3h 20m	$70.1M	$7.9M	200x
Short	Nado BCH-PERP	264.80	−0.0188	pay 0.0023% / 1h	20m 42s	$430K	$347K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 MEXCbpFee NadobpOrdersPrice spread, now −0.072%Rate

Funding earned: −$24.75
Price spread: −0.072% → −0.207%: $13.55
Slippage, 4 orders: −$15.55
Fee MEXC: 2 bp × 2 orders: −$4
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$37.74
Costs to cover: 0.266%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Nado: live order book, 32 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 MEXC live order book, 3 min ago	2.83 bp	5.6 bp −$6	15.3 bp −$153	46.6 bp −$4,663	93.8 bp −$46.9K
Sell Nado live order book, 32 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	−0.0283%	1h	264.69	−0.113%	$2K	$8K	10x	as long as short
Phemex BCHUSDT	−0.0250%	8h	264.66	−0.125%	$4.9M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0241%	8h	264.73	−0.098%	$772K	$1.4M	75x	as long as short
Nado BCH-PERPshort	−0.0188%	1h	264.80	−0.072%	$430K	$347K	10x
SunX BCH-USDT	−0.0188%	8h	264.57	−0.158%	$2K	$1.7M	30x	as long as short
KuCoin BCHUSDTM	−0.0096%	8h	264.51	−0.181%	$8.5M	$6.9M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0089%	8h	264.80	−0.072%	$25.1M	$76.3M	50x	as long as short
Bitget BCHUSDT	−0.0085%	8h	264.75	−0.091%	$18.9M	$28.3M	75x	as long as short
Extended BCH-USD	−0.0072%	1h	264.78	−0.080%	$112K	$965K	25x	as long as short
MEXC BCH_USDTlong	−0.0070%	8h	264.99	long leg	$70.1M	$7.9M	200x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0069%	8h	264.87	−0.045%	$71.9M	$215.8M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	264.31	−0.257%	$217K	$1.8M	50x	as long as short
Variational Omni BCH	−0.0061%	8h	264.60	−0.146%	$81K	$196K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0051%	1h	264.94	−0.017%	$857K	$3.0M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0045%	8h	264.54	−0.171%	$386K	$17K	10x	as long as short
Gate BCH_USDT	−0.0036%	8h	264.94	−0.019%	$8.3M	$13.7M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.93	−0.022%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.78	−0.080%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.48	−0.192%	$993K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.89	−0.039%	$443K	$331K	25x	as long as short
BingX BCH-USDC	+0.0017%	8h	264.90	−0.034%	—	$6.5M	—	as long as short
Bybit BCHUSDT	+0.0017%	8h	264.80	−0.072%	$39.0M	$31.3M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.966%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.74	−0.094%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0049%	8h	264.80	−0.072%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0083%	8h	264.59	−0.150%	$150K	$546K	75x	as long as short
Lighter BCH	+0.0096%	1h	264.59	−0.152%	$355K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.82	−0.065%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	264.72	−0.102%	$159K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.21	−0.293%	$18K	$322K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.32	−0.253%	$96K	$234K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0358% / S −0.0530%	1h	264.87	−0.043%	$25K	—	100x	as long as short