Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h −0.011%

Price spread now: Nado against OKX+0.047%7-day average +0.010% · 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−$34as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on OKX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.085%−$8 on $10k

Price spread, last 4 days (all we have)+0.647%+$65 · spread now +0.047%, 7d avg +0.010%

Together, before fees+0.562%+ Points / potential airdropNado: Active · farm board+$56 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Nado is 0.037% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.010%. Mind the row above: over the last 3 days funding on this pair cost −0.085%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BCH-USDT-SWAP	263.30	−0.0030	get 0.0030% / 8h	6h 42m	$25.2M	$78.1M	50x
Short	Nado BCH-PERP	263.42	0.0008	get 0.0001% / 1h	42m 27s	$430K	$427K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against OKX. 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 OKXbpFee NadobpOrdersPrice spread, now +0.047%Rate

Funding earned: $7.97
Price spread: +0.047% → +0.010%: $3.7
Slippage, 4 orders: −$20.72
Fee OKX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$26.05
Costs to cover: 0.377%
Break-even: 29.9 days

Slippage from OKX: live order book, 1 min ago; Nado: live order book, 25 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 OKX live order book, 1 min ago	1.88 bp	10.6 bp −$11	17.3 bp −$173	113.9 bp −$11.4K	doesn't fit
Sell Nado live order book, 25 min ago	1.30 bp	9.0 bp −$9	21.1 bp −$211	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	−0.0522%	1h	265.24	+0.737%	$448K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0488%	1h	265.19	+0.718%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0427%	8h	265.12	+0.691%	$4.9M	$6.5M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0300%	1h	265.44	+0.814%	$849K	$3.1M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0210%	8h	265.18	+0.715%	$387K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0156%	1h	265.88	+0.980%	$97K	$227K	50x	as long as short
Gate BCH_USDT	−0.0149%	8h	263.41	+0.042%	$8.4M	$13.3M	75x	as long as short
Variational Omni BCH	−0.0125%	8h	265.41	+0.801%	$81K	$285K	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0112%	1h	266.10	+1.063%	$236K	$2.1M	50x	as long as short
Binance BCHUSDT	−0.0090%	8h	263.47	+0.065%	$71.2M	$234.2M	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_USDT	−0.0090%	8h	263.81	+0.194%	$69.6M	$6.9M	200x	as long as short
Extended BCH-USD	−0.0088%	1h	263.29	−0.004%	$111K	$965K	25x	as long as short
Bybit BCHUSDT	−0.0074%	8h	263.48	+0.068%	$38.8M	$33.4M	75x	as long as short
HTX BCH-USDT	−0.0054%	8h	265.45	+0.817%	$776K	$1.6M	75x	as long as short
SunX BCH-USDT	−0.0046%	8h	265.28	+0.752%	$2K	$1.9M	30x	as long as short
Bitget BCHUSDT	−0.0034%	8h	263.44	+0.053%	$18.9M	$29.5M	75x	as long as short
OKX BCH-USDT-SWAPlong	−0.0030%	8h	263.30	long leg	$25.2M	$78.1M	50x
BingX BCH-USDC	−0.0023%	8h	263.44	+0.053%	—	$6.5M	—	as long as short
dYdX BCH-USD	0.0000%	1h	263.56	+0.098%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.83	+0.961%	$1.1M	$11.0M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	263.62	+0.122%	$4K	—	150x	as long as short
Nado BCH-PERPshort	+0.0008%	1h	263.42	+0.047%	$430K	$427K	10x
Orderly PERP_BCH_USDC	+0.0029%	8h	263.51	+0.080%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.621%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0034%	8h	266.13	+1.075%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0040%	1h	263.27	−0.011%	$160K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0063%	8h	263.35	+0.019%	$8.5M	$7.6M	75x	as long as short
Lighter BCH	+0.0096%	1h	263.22	−0.030%	$362K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.66	+0.137%	$5.7M	$5.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	263.47	+0.063%	$163K	$692K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.61	+0.876%	$19K	$292K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0332% / S −0.0451%	1h	263.67	+0.141%	$25K	—	100x	as long as short