Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.017%

Price spread now: Kalshi against ApeX Omni+0.173%7-day average −0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$550.545% of the position

Long on ApeX Omni Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.183%−$18 on $10k

Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.173%, 7d avg −0.049%

Together, before fees−0.294%−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.222% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.173% now, against its 7-day average of −0.049%): +$22 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BCHUSDT	266.45	0.0100	pay 0.0013% / 1h	51m 38s	$97K	$233K	50x
Short	Kalshi KXBCHPERP	266.91	0	get 0.0000% / 8h	7h 51m	$1.0M	$10.4M	2.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against ApeX Omni. 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 ApeX OmnibpFee KalshibpOrdersPrice spread, now +0.173%Rate

Funding earned: −$21
Price spread: +0.173% → −0.049%: $22.2
Slippage, 4 orders: −$34.52
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$53.33
Costs to cover: 0.545%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 65 min ago; Kalshi: 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 ApeX Omni live order book, 65 min ago	4.53 bp	11.9 bp −$12	87.1 bp −$871	doesn't fit	doesn't fit
Sell Kalshi live order book, 2 min ago	1.13 bp	11.9 bp −$12	18.7 bp −$187	32.3 bp −$3,231	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
SunX BCH-USDT	−0.0303%	8h	266.09	−0.135%	$2K	$1.7M	30x	as long as short
Phemex BCHUSDT	−0.0289%	8h	266.09	−0.135%	$5.0M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0230%	8h	266.41	−0.015%	$777K	$1.4M	75x	as long as short
Nado BCH-PERP	−0.0177%	1h	265.96	−0.184%	$429K	$345K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0122%	1h	266.28	−0.065%	$445K	$332K	25x	as long as short
OKX BCH-USDT-SWAP	−0.0103%	8h	265.80	−0.244%	$25.2M	$76.4M	50x	as long as short
SoDEX BCH-USD	−0.0096%	1h	266.18	−0.101%	$2K	$8K	10x	as long as short
Extended BCH-USD	−0.0088%	1h	265.70	−0.283%	$112K	$958K	25x	as long as short
MEXC BCH_USDT	−0.0085%	8h	266.37	−0.030%	$70.5M	$7.9M	200x	as long as short
Binance BCHUSDT	−0.0082%	8h	265.90	−0.206%	$72.2M	$215.4M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BCHUSDTM	−0.0081%	8h	266.22	−0.086%	$8.6M	$7.0M	75x	as long as short
Bitget BCHUSDT	−0.0078%	8h	265.91	−0.203%	$19.1M	$28.2M	75x	as long as short
Variational Omni BCH	−0.0073%	8h	265.10	−0.505%	$81K	$197K	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	266.22	−0.086%	$218K	$1.8M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0054%	8h	266.56	+0.043%	$389K	$17K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0051%	1h	266.41	−0.016%	$856K	$3.0M	50x	as long as short
Gate BCH_USDT	−0.0040%	8h	266.17	−0.105%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	266.35	−0.038%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	266.27	−0.069%	$5K	$248	10x	as long as short
Kalshi KXBCHPERPshort	0.0000%	8h	266.91	+0.173%	$1.0M	$10.4M	2.7x
Bybit BCHUSDT	+0.0013%	8h	265.83	−0.233%	$39.3M	$31.2M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.407%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0035%	8h	266.95	+0.188%	$3.9M	$4.4M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0042%	8h	266.18	−0.101%	$2K	$176	10x	as long as short
BingX BCH-USDC	+0.0050%	8h	265.92	−0.199%	—	$6.5M	—	as long as short
Aster BCHUSDT	+0.0095%	8h	266.28	−0.063%	$154K	$541K	75x	as long as short
Lighter BCH	+0.0096%	1h	266.15	−0.112%	$359K	$488K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.33	−0.045%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	266.00	−0.169%	$160K	$303K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.21	−0.088%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDTlong	+0.0100%	1h	266.45	long leg	$97K	$233K	50x
GMX BCH/USD [WBTC.b-USDC]	L +0.0351% / S −0.0506%	1h	266.28	−0.062%	$24K	—	100x	as long as short