Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0164%/8h= +18.0% APRpaid last 24h −0.003%

Price spread now: Nado against Phemex−0.057%7-day average −0.031% · 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−$39as in the Price arb table

costs, in and out, $10k−$360.361% of the position

Long on Phemex Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.057%, 7d avg −0.031%

Together, before fees+0.046%+ Points / potential airdropNado: Active · farm board+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.026% cheaper against Phemex than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of −0.031%). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$5 a day). At the pace of the last 3 days (+0.016% in total) that is about 5.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BCHUSDT	264.90	−0.0165	get 0.0165% / 8h	1h 50m	$5.0M	$6.6M	50x
Short	Nado BCH-PERP	264.75	−0.0001	pay 0.0000% / 1h	50m 31s	$435K	$356K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Phemex. 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 PhemexbpFee NadobpOrdersPrice spread, now −0.057%Rate

Funding earned: $34.54
Price spread: −0.057% → −0.031%: −$2.57
Slippage, 4 orders: −$17.06
Fee Phemex: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$4.09
Costs to cover: 0.361%
Break-even: 7.8 days

Slippage from Phemex: live order book, 3 min ago; Nado: live order book, 57 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 Phemex live order book, 3 min ago	1.32 bp	9.5 bp −$10	17.2 bp −$172	doesn't fit	doesn't fit
Sell Nado live order book, 57 min ago	0.95 bp	7.4 bp −$7	19.0 bp −$190	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	−0.0425%	1h	264.87	−0.011%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0206%	8h	264.82	−0.030%	$774K	$1.4M	75x	as long as short
Phemex BCHUSDTlong	−0.0165%	8h	264.90	long leg	$5.0M	$6.6M	50x
Kraken Futures PF_BCHUSD	−0.0103%	1h	265.01	+0.042%	$846K	$3.0M	50x	as long as short
KuCoin BCHUSDTM	−0.0103%	8h	265.13	+0.087%	$8.5M	$6.7M	75x	as long as short
Bitget BCHUSDT	−0.0092%	8h	265.16	+0.098%	$19.0M	$28.4M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0077%	8h	265.10	+0.076%	$25.3M	$78.2M	50x	as long as short
Variational Omni BCH	−0.0074%	8h	264.81	−0.035%	$81K	$196K	—	as long as short
Extended BCH-USD	−0.0048%	1h	264.96	+0.023%	$112K	$1.1M	25x	as long as short
Binance BCHUSDT	−0.0047%	8h	265.18	+0.106%	$73.1M	$220.9M	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	−0.0047%	8h	265.40	+0.189%	$70.6M	$8.5M	200x	as long as short
Bybit BCHUSDT	−0.0037%	8h	265.06	+0.060%	$38.9M	$31.8M	75x	as long as short
BingX BCH-USDT	−0.0029%	8h	265.16	+0.098%	—	$32.9M	—	as long as short
GRVT BCH_USDT_Perp	−0.0018%	8h	264.65	−0.094%	$386K	$17K	10x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.33	+0.163%	$15K	—	150x	as long as short
Nado BCH-PERPshort	−0.0001%	1h	264.75	−0.057%	$435K	$356K	10x
dYdX BCH-USD	0.0000%	1h	265.12	+0.083%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.92	+0.008%	$983K	$10.5M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.06	+0.060%	$441K	$333K	25x	as long as short
SunX BCH-USDT	+0.0001%	8h	264.39	−0.193%	$2K	$1.7M	30x	as long as short
Coinbase International BCH-PERP-INTX	+0.0008%	1h	264.88	−0.008%	$220K	$1.9M	50x	as long as short
Gate BCH_USDT	+0.0013%	8h	265.12	+0.083%	$8.4M	$13.8M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.001%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.94	+0.015%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0057%	8h	265.03	+0.049%	$150K	$564K	75x	as long as short
BloFin BCH-USDT	+0.0073%	8h	264.93	+0.011%	$4.0M	$4.5M	50x	as long as short
Lighter BCH	+0.0096%	1h	265.06	+0.060%	$353K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.42	+0.196%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	265.06	+0.062%	$159K	$312K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.62	−0.105%	$18K	$344K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.68	−0.083%	$95K	$238K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	265.29	+0.146%	$12K	—	100x	as long as short