Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h −0.018%

Price spread now: Kalshi against Extended+0.185%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$390.394% of the position

Long on Extended Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 4 days (all we have)−0.841%−$84 · spread now +0.185%, 7d avg +0.042%

Together, before fees−0.872%+ Points / potential airdropExtended: Active · farm board−$87 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kalshi is 0.143% dearer against Extended than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BCH-USD	268.18	−0.0112	get 0.0014% / 1h	28m 53s	$105K	$643K	25x
Short	Kalshi KXBCHPERP	268.68	0	get 0.0000% / 8h	6h 28m	$1.1M	$11.3M	2.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Extended. 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 ExtendedbpFee KalshibpOrdersPrice spread, now +0.185%Rate

Funding earned: $23.52
Price spread: +0.185% → +0.042%: $14.34
Slippage, 4 orders: −$24.44
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$1.58
Costs to cover: 0.394%
Break-even: 7.5 days

Slippage from Extended: live order book, 59 min ago; Kalshi: live order book, 5 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 Extended live order book, 59 min ago	0.75 bp	6.9 bp −$7	84.3 bp −$843	doesn't fit	doesn't fit
Sell Kalshi live order book, 5 min ago	5.22 bp	15.1 bp −$15	21.6 bp −$216	261.3 bp −$26.1K	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
Injective BCH/USDC PERP	−0.0304%	1h	267.23	−0.356%	$713	$80K	12x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0242%	1h	268.23	+0.019%	$439K	$247K	25x	as long as short
Phemex BCHUSDT	−0.0198%	8h	268.15	−0.012%	$4.9M	$6.2M	50x	as long as short
SoDEX BCH-USD	−0.0182%	1h	268.15	−0.012%	$2K	$6K	10x	as long as short
MEXC BCH_USDT	−0.0113%	8h	268.87	+0.256%	$71.3M	$6.4M	200x	as long as short
Extended BCH-USDlong	−0.0112%	1h	268.18	long leg	$105K	$643K	25x
Binance BCHUSDT	−0.0112%	8h	268.25	+0.024%	$74.0M	$229.2M	75x	as long as short
Variational Omni BCH	−0.0078%	8h	267.84	−0.129%	$85K	$291K	—	as long as short
Bybit BCHUSDT	−0.0050%	8h	268.14	−0.016%	$39.5M	$32.0M	75x	as long as short
Bitget BCHUSDT	−0.0047%	8h	268.20	+0.006%	$19.9M	$28.9M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BCH_USDT_Perp	−0.0044%	8h	267.93	−0.093%	$390K	$17K	10x	as long as short
Gate BCH_USDT	−0.0030%	8h	268.22	+0.014%	$8.4M	$14.4M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	268.25	+0.025%	$247K	$2.1M	50x	as long as short
BingX BCH-USDT	−0.0003%	8h	268.21	+0.010%	—	$32.1M	—	as long as short
dYdX BCH-USD	0.0000%	1h	267.91	−0.101%	$5K	$248	10x	as long as short
Kalshi KXBCHPERPshort	0.0000%	8h	268.68	+0.185%	$1.1M	$11.3M	2.7x
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.07	−0.041%	$4K	—	150x	as long as short
OKX BCH-USDT-SWAP	+0.0001%	8h	268.10	−0.031%	$26.3M	$75.9M	50x	as long as short
BloFin BCH-USDT	+0.0008%	8h	268.15	−0.012%	$4.0M	$4.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	268.21	+0.010%	$2K	$176	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	268.44	+0.096%	$805K	$3.2M	50x	as long as short
Nado BCH-PERP	+0.0077%	1h	267.68	−0.188%	$438K	$427K	10x	as long as short
Lighter BCH	+0.0096%	1h	268.25	+0.023%	$376K	$580K	10x	as long as short
KuCoin BCHUSDTM	+0.0096%	8h	268.22	+0.014%	$8.9M	$8.0M	75x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.49	+0.114%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.18	−0.002%	$235K	$660K	75x	as long as short
Pacifica BCH	+0.0100%	1h	267.75	−0.161%	$169K	$461K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.76	−0.156%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	267.94	−0.091%	$73K	$213K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.03	−0.057%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.05	−0.050%	$771K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0372% / S −0.0574%	1h	268.03	−0.056%	$26K	—	100x	as long as short