Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h +0.023%

Price spread now: BingX against Nado+0.069%7-day average +0.021% · 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−$21as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on Nado Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.088%+$9 on $10k

Price spread, last 3 days (all we have)−0.405%−$41 · spread now +0.069%, 7d avg +0.021%

Together, before fees−0.317%+ Points / potential airdropNado: Active · farm board−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.048% dearer against Nado than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of +0.021%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.3 days. Mind the row above: over the last 3 days funding on this pair paid +0.088%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BCH-PERP	270.59	0.0098	pay 0.0012% / 1h	19m 33s	$444K	$428K	10x
Short	BingX BCH-USDT	270.78	0.0076	get 0.0076% / 8h	1h 19m	—	$30.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Nado. 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 NadobpFee BingXbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$4.63
Price spread: +0.069% → +0.021%: $4.79
Slippage, 4 orders: −$9.08
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$25.92
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from Nado: live order book, 63 min ago; BingX: live order book, 9 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 Nado live order book, 63 min ago	0.19 bp	7.0 bp −$7	22.5 bp −$225	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	0.92 bp	5.9 bp −$6	6.0 bp −$60	10.7 bp −$1,074	22.0 bp −$11.0K

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	−0.0871%	1h	270.77	+0.066%	$459K	$265K	25x	as long as short
Phemex BCHUSDT	−0.0196%	8h	270.75	+0.058%	$5.0M	$6.5M	50x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	270.20	−0.145%	$721	$130K	12x	as long as short
SoDEX BCH-USD	−0.0116%	1h	270.65	+0.021%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0110%	8h	270.72	+0.046%	$83K	$294K	—	as long as short
Bybit BCHUSDT	−0.0050%	8h	270.60	+0.003%	$39.5M	$33.0M	75x	as long as short
Extended BCH-USD	−0.0048%	1h	270.54	−0.018%	$117K	$653K	25x	as long as short
Binance BCHUSDT	−0.0046%	8h	270.71	+0.043%	$75.3M	$233.9M	75x	as long as short
MEXC BCH_USDT	−0.0046%	8h	271.33	+0.273%	$71.1M	$6.6M	200x	as long as short
dYdX BCH-USD	0.0000%	1h	270.98	+0.144%	$5K	$248	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXBCHPERP	0.0000%	8h	271.54	+0.350%	$1.3M	$11.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	270.95	+0.131%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0005%	8h	270.78	+0.069%	$8.4M	$14.9M	75x	as long as short
Bitget BCHUSDT	+0.0012%	8h	270.76	+0.062%	$19.5M	$29.4M	75x	as long as short
Coinbase International BCH-PERP-INTX	+0.0016%	1h	270.97	+0.140%	$243K	$2.1M	50x	as long as short
GRVT BCH_USDT_Perp	+0.0020%	8h	270.89	+0.110%	$395K	$17K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0025%	8h	270.71	+0.043%	$2K	$176	10x	as long as short
OKX BCH-USDT-SWAP	+0.0071%	8h	270.60	+0.003%	$26.5M	$78.4M	50x	as long as short
BloFin BCH-USDT	+0.0072%	8h	270.98	+0.143%	$4.0M	$4.2M	50x	as long as short
BingX BCH-USDTshort	+0.0076%	8h	270.78	+0.069%	—	$30.5M	—
Lighter BCH	+0.0096%	1h	270.75	+0.057%	$379K	$587K	10x	as long as short
Nado BCH-PERPlong	+0.0098%	1h	270.59	long leg	$444K	$428K	10x
Hyperliquid BCH	+0.0100%	1h	271.14	+0.202%	$6.1M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	270.83	+0.087%	$219K	$703K	75x	as long as short
Pacifica BCH	+0.0100%	1h	270.75	+0.058%	$165K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	270.92	+0.121%	$9.3M	$8.0M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	270.71	+0.044%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	271.00	+0.151%	$73K	$213K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	270.54	−0.019%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	270.90	+0.114%	$779K	$1.7M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0112%	1h	271.04	+0.166%	$821K	$3.2M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0342% / S −0.0467%	1h	271.01	+0.155%	$26K	—	100x	as long as short