Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0174%/8h= +19.0% APRpaid last 24h +0.025%

Price spread now: Gate against Nado+0.108%7-day average +0.025% · 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−$33as in the Price arb table

costs, in and out, $10k−$410.413% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.044%+$4 on $10k

Price spread, last 4 days (all we have)−0.249%−$25 · spread now +0.108%, 7d avg +0.025%

Together, before fees−0.205%+ Points / potential airdropNado: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Gate is 0.083% dearer against Nado than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BCH-PERP	263.45	−0.0193	get 0.0024% / 1h	53m 48s	$430K	$349K	10x
Short	Gate BCH_USDT	263.74	−0.0019	pay 0.0019% / 8h	2h 53m	$8.3M	$13.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.108%Rate

Funding earned: $36.48
Price spread: +0.108% → +0.025%: $8.28
Slippage, 4 orders: −$19.26
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $3.49
Costs to cover: 0.413%
Break-even: 6.3 days

Slippage from Nado: live order book, 59 min ago; Gate: live order book, 5 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, 59 min ago	0.75 bp	8.2 bp −$8	23.7 bp −$237	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	2.09 bp	13.9 bp −$14	22.2 bp −$222	60.7 bp −$6,066	82.5 bp −$41.3K

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
HTX BCH-USDT	−0.0242%	8h	263.34	−0.044%	$771K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0199%	8h	263.52	+0.025%	$4.9M	$6.5M	50x	as long as short
Nado BCH-PERPlong	−0.0193%	1h	263.45	long leg	$430K	$349K	10x
SunX BCH-USDT	−0.0146%	8h	263.33	−0.047%	$2K	$1.7M	30x	as long as short
SoDEX BCH-USD	−0.0143%	1h	263.52	+0.025%	$2K	$8K	10x	as long as short
Bitget BCHUSDT	−0.0106%	8h	263.49	+0.013%	$18.8M	$28.3M	75x	as long as short
KuCoin BCHUSDTM	−0.0104%	8h	263.58	+0.047%	$8.4M	$6.8M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0078%	8h	263.60	+0.055%	$25.1M	$76.1M	50x	as long as short
Variational Omni BCH	−0.0069%	8h	263.70	+0.094%	$81K	$196K	—	as long as short
Extended BCH-USD	−0.0064%	1h	263.44	−0.005%	$111K	$1.1M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0061%	8h	263.62	+0.063%	$71.6M	$216.3M	75x	as long as short
MEXC BCH_USDT	−0.0061%	8h	264.05	+0.226%	$69.8M	$8.0M	200x	as long as short
Coinbase International BCH-PERP-INTX	−0.0040%	1h	263.82	+0.139%	$219K	$1.8M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0036%	8h	263.84	+0.144%	$385K	$17K	10x	as long as short
Gate BCH_USDTshort	−0.0019%	8h	263.74	+0.108%	$8.3M	$13.6M	75x
Bybit BCHUSDT	−0.0015%	8h	263.60	+0.055%	$38.8M	$31.3M	75x	as long as short
BingX BCH-USDC	−0.0008%	8h	263.67	+0.082%	—	$6.5M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	263.63	+0.067%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.75	+0.113%	$5K	$243	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	263.89	+0.165%	$987K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	263.66	+0.078%	$441K	$332K	25x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.560%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	263.47	+0.006%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0059%	8h	263.81	+0.135%	$3.9M	$4.4M	50x	as long as short
Aster BCHUSDT	+0.0073%	8h	263.77	+0.120%	$152K	$549K	75x	as long as short
Lighter BCH	+0.0096%	1h	263.55	+0.037%	$353K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.87	+0.158%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	263.55	+0.037%	$158K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.58	+0.048%	$18K	$329K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	263.88	+0.161%	$96K	$234K	50x	as long as short
Kraken Futures PF_BCHUSD	+0.0180%	1h	263.72	+0.099%	$846K	$3.0M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	263.58	+0.049%	$12K	—	100x	as long as short