Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.016%

Price spread now: MEXC against Nado+0.182%7-day average +0.207% · 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−$29as in the Price arb table

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

Long on Nado Short on MEXC

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)−0.185%−$19 · spread now +0.182%, 7d avg +0.207%

Together, before fees−0.161%+ Points / potential airdropNado: Active · farm board−$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.025% cheaper against Nado than usual: you would sell low and buy high (spread +0.182% now, against its 7-day average of +0.207%). If the spread goes back, that is −$3 on $10k: about 17 hours of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.024% in total) that is about 3.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BCH-PERP	263.95	−0.0186	get 0.0023% / 1h	21m 50s	$428K	$346K	10x
Short	MEXC BCH_USDT	264.43	−0.0070	pay 0.0070% / 8h	3h 21m	$70.0M	$7.9M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.182%Rate

Funding earned: $24.38
Price spread: +0.182% → +0.207%: −$2.54
Slippage, 4 orders: −$15.55
Fee Nado: 3.5 bp × 2 orders: −$7
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$4.71
Costs to cover: 0.266%
Break-even: 8.4 days

Slippage from Nado: live order book, 31 min ago; MEXC: live order book, 2 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, 31 min ago	0.75 bp	8.2 bp −$8	23.7 bp −$237	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.83 bp	5.5 bp −$6	20.6 bp −$206	48.5 bp −$4,849	92.5 bp −$46.2K

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	−0.0285%	1h	264.00	+0.019%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0244%	8h	263.88	−0.027%	$770K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0233%	8h	264.09	+0.053%	$4.9M	$6.4M	50x	as long as short
SunX BCH-USDT	−0.0192%	8h	263.91	−0.015%	$1K	$1.7M	30x	as long as short
Nado BCH-PERPlong	−0.0186%	1h	263.95	long leg	$428K	$346K	10x
KuCoin BCHUSDTM	−0.0099%	8h	264.32	+0.140%	$8.5M	$6.9M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0090%	8h	264.50	+0.208%	$25.0M	$76.2M	50x	as long as short
Bitget BCHUSDT	−0.0085%	8h	264.45	+0.189%	$18.9M	$28.3M	75x	as long as short
Extended BCH-USD	−0.0072%	1h	263.78	−0.065%	$113K	$956K	25x	as long as short
Binance BCHUSDT	−0.0070%	8h	264.44	+0.186%	$71.8M	$215.8M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDTshort	−0.0070%	8h	264.43	+0.182%	$70.0M	$7.9M	200x
Coinbase International BCH-PERP-INTX	−0.0064%	1h	264.61	+0.250%	$218K	$1.8M	50x	as long as short
Variational Omni BCH	−0.0063%	8h	264.40	+0.171%	$81K	$196K	—	as long as short
Kraken Futures PF_BCHUSD	−0.0051%	1h	264.29	+0.128%	$848K	$3.0M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0045%	8h	264.54	+0.223%	$386K	$17K	10x	as long as short
Gate BCH_USDT	−0.0040%	8h	264.24	+0.110%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.23	+0.106%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.16	+0.078%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.35	+0.152%	$992K	$10.4M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.17	+0.084%	$442K	$331K	25x	as long as short
Bybit BCHUSDT	+0.0014%	8h	264.41	+0.174%	$39.0M	$31.3M	75x	as long as short
BingX BCH-USDT	+0.0018%	8h	264.39	+0.167%	—	$32.9M	—	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.368%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.00	+0.019%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0050%	8h	264.12	+0.064%	$3.9M	$4.3M	50x	as long as short
Aster BCHUSDT	+0.0082%	8h	264.48	+0.201%	$150K	$546K	75x	as long as short
Lighter BCH	+0.0096%	1h	264.08	+0.050%	$355K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.28	+0.125%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	263.95	−0.001%	$159K	$305K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.74	+0.298%	$18K	$321K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.80	+0.322%	$96K	$234K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0358% / S −0.0530%	1h	264.18	+0.085%	$25K	—	100x	as long as short