Funding you earn now, next payment 04:00 UTC+0.0070%/8h= +7.7% APRnext payment +$0.70 per $10,000 · paid last 24h −0.015%
Price spread now: Kalshi against Binance+0.212%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$460.457% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 7 days−0.135%−$14 · spread now +0.212%, 7d avg +0.015%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kalshi is 0.197% dearer against Binance than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.015%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BCHUSDT | 269.22 | −0.0070 | get 0.0070% / 8h | 7h 11m | $72.9M | $229.6M | 75x |
| Short | Kalshi KXBCHPERP | 269.79 | 0 | get 0.0000% / 8h | 3h 11m | $1.1M | $10.9M | 2.7x |
Binance BCHUSDT
Kalshi KXBCHPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $14.67
- Price spread: +0.212% → +0.015%
- $19.7
- Slippage, 4 orders
- −$25.67
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$11.3
- Costs to cover
- 0.457%
- Break-even
- 12.4 days
Slippage from Binance: live order book, 2 min ago; Kalshi: live order book, 3 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 Binance live order book, 2 min ago | 0.19 bp | 7.6 bp −$8 | 13.7 bp −$137 | 21.3 bp −$2,131 | 117.3 bp −$58.7K |
| Sell Kalshi live order book, 3 min ago | 8.70 bp | 13.7 bp −$14 | 19.1 bp −$191 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex BCHUSDT | −0.0620% | 8h | 269.23 | +0.004% | $5.0M | $6.5M | 50x | as long as short |
| SoDEX BCH-USD | −0.0543% | 1h | 269.20 | −0.007% | $2K | $6K | 10x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0495% | 1h | 269.42 | +0.076% | $455K | $266K | 25x | as long as short |
| ApeX Omni BCHUSDT | −0.0214% | 1h | 269.80 | +0.216% | $73K | $215K | 50x | as long as short |
| Gate BCH_USDT | −0.0191% | 8h | 269.50 | +0.105% | $8.5M | $14.3M | 75x | as long as short |
| GRVT BCH_USDT_Perp | −0.0169% | 8h | 269.62 | +0.149% | $393K | $17K | 10x | as long as short |
| Variational Omni BCH | −0.0126% | 8h | 269.21 | −0.005% | $83K | $285K | — | as long as short |
| Extended BCH-USD | −0.0072% | 1h | 269.19 | −0.011% | $117K | $961K | 25x | as long as short |
| Binance BCHUSDTlong | −0.0070% | 8h | 269.22 | long leg | $72.9M | $229.6M | 75x | |
| MEXC BCH_USDT | −0.0067% | 8h | 269.73 | +0.190% | $70.7M | $6.7M | 200x | as long as short |
Phemex BCHUSDT
SoDEX BCH-USD
Deribit BCH_USDC-PERPETUAL
ApeX Omni BCHUSDT
Gate BCH_USDT
GRVT BCH_USDT_Perp
Variational Omni BCH
Extended BCH-USD
MEXC BCH_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BCHUSDT | −0.0064% | 8h | 269.20 | −0.007% | $39.8M | $32.6M | 75x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0056% | 1h | 269.44 | +0.082% | $231K | $2.0M | 50x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0049% | 1h | 269.56 | +0.127% | $858K | $3.1M | 50x | as long as short |
| Bitget BCHUSDT | −0.0024% | 8h | 269.36 | +0.053% | $19.3M | $29.2M | 75x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0003% / S +0.0007% | 1h | 269.64 | +0.158% | $7K | — | 150x | as long as short |
| OKX BCH-USDT-SWAP | −0.0001% | 8h | 269.10 | −0.044% | $26.2M | $76.4M | 50x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 269.59 | +0.139% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERPshort | 0.0000% | 8h | 269.79 | +0.212% | $1.1M | $10.9M | 2.7x | |
| BingX BCH-USDT | +0.0005% | 8h | 269.19 | −0.010% | — | $32.3M | — | as long as short |
| Orderly PERP_BCH_USDC | +0.0029% | 8h | 269.31 | +0.034% | $2K | $176 | 10x | as long as short |
| Nado BCH-PERP | +0.0031% | 1h | 269.45 | +0.086% | $437K | $419K | 10x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +0.365% | $721 | $130K | 12x | as long as short |
| BloFin BCH-USDT | +0.0050% | 8h | 269.22 | +0.001% | $3.9M | $4.3M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 269.33 | +0.041% | $371K | $530K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 269.81 | +0.220% | $6.6M | $4.6M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 269.52 | +0.113% | $177K | $658K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 269.46 | +0.091% | $164K | $407K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 269.36 | +0.053% | $8.8M | $7.6M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 269.52 | +0.114% | $19K | $292K | 20x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 269.22 | +0.001% | $2K | $1.9M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 269.28 | +0.023% | $782K | $1.6M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0335% / S −0.0451% | 1h | 269.54 | +0.120% | $25K | — | 100x | as long as short |
Bybit BCHUSDT
Coinbase International BCH-PERP-INTX
Kraken Futures PF_BCHUSD
Bitget BCHUSDT
gTrade (Gains Network) BCH/USD
OKX BCH-USDT-SWAP
dYdX BCH-USD
BingX BCH-USDT
Orderly PERP_BCH_USDC
Nado BCH-PERP
Injective BCH/USDC PERP
BloFin BCH-USDT
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]