Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Kalshi against HTX+0.164%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$580.579% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 3 days (all we have)−0.023%−$2 · spread now +0.164%, 7d avg +0.004%
=The price spread pays, funding is against you. Kalshi is 0.160% dearer against HTX than usual: you sell high and buy low (spread +0.164% now, against its 7-day average of +0.004%): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX BCH-USDT | 267.67 | 0.0100 | pay 0.0100% / 8h | 2h 31m | $770K | $1.6M | 75x |
| Short | Kalshi KXBCHPERP | 268.11 | 0 | get 0.0000% / 8h | 6h 31m | $1.1M | $11.3M | 2.7x |
HTX BCH-USDT
Kalshi KXBCHPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against HTX. 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
- −$21
- Price spread: +0.164% → +0.004%
- $16
- Slippage, 4 orders
- −$35.89
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$62.9
- Costs to cover
- 0.579%
- Break-even
- never at this rate
Slippage from HTX: 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 HTX live order book, 2 min ago | 5.79 bp | 17.2 bp −$17 | 106.6 bp −$1,066 | doesn't fit | doesn't fit |
| Sell Kalshi live order book, 3 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 | −0.164% | $713 | $80K | 12x | as long as short |
| Deribit BCH_USDC-PERPETUAL | −0.0246% | 1h | 268.03 | +0.134% | $438K | $247K | 25x | as long as short |
| Phemex BCHUSDT | −0.0197% | 8h | 267.64 | −0.011% | $4.9M | $6.2M | 50x | as long as short |
| SoDEX BCH-USD | −0.0177% | 1h | 267.91 | +0.090% | $2K | $6K | 10x | as long as short |
| Binance BCHUSDT | −0.0113% | 8h | 267.92 | +0.093% | $74.0M | $229.0M | 75x | as long as short |
| MEXC BCH_USDT | −0.0113% | 8h | 268.51 | +0.314% | $71.1M | $6.4M | 200x | as long as short |
| Extended BCH-USD | −0.0112% | 1h | 267.87 | +0.076% | $105K | $643K | 25x | as long as short |
| Variational Omni BCH | −0.0080% | 8h | 267.64 | −0.011% | $85K | $291K | — | as long as short |
| Bybit BCHUSDT | −0.0056% | 8h | 267.80 | +0.049% | $39.5M | $32.0M | 75x | as long as short |
| GRVT BCH_USDT_Perp | −0.0050% | 8h | 267.74 | +0.025% | $390K | $17K | 10x | as long as short |
Injective BCH/USDC PERP
Deribit BCH_USDC-PERPETUAL
Phemex BCHUSDT
SoDEX BCH-USD
Binance BCHUSDT
MEXC BCH_USDT
Extended BCH-USD
Variational Omni BCH
Bybit BCHUSDT
GRVT BCH_USDT_PerpShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BCHUSDT | −0.0048% | 8h | 267.88 | +0.078% | $20.0M | $28.8M | 75x | as long as short |
| Gate BCH_USDT | −0.0031% | 8h | 267.96 | +0.108% | $8.4M | $14.4M | 75x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0024% | 1h | 267.90 | +0.086% | $246K | $2.0M | 50x | as long as short |
| BingX BCH-USDC | −0.0007% | 8h | 267.94 | +0.101% | — | $6.5M | — | as long as short |
| OKX BCH-USDT-SWAP | 0.0000% | 8h | 268.00 | +0.123% | $26.3M | $75.8M | 50x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 267.89 | +0.081% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERPshort | 0.0000% | 8h | 268.11 | +0.164% | $1.1M | $11.3M | 2.7x | |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 268.07 | +0.149% | $4K | — | 150x | as long as short |
| BloFin BCH-USDT | +0.0005% | 8h | 267.74 | +0.026% | $4.0M | $4.1M | 50x | as long as short |
| Orderly PERP_BCH_USDC | +0.0028% | 8h | 267.90 | +0.086% | $2K | $176 | 10x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0074% | 1h | 268.18 | +0.191% | $804K | $3.2M | 50x | as long as short |
| Nado BCH-PERP | +0.0077% | 1h | 267.91 | +0.092% | $439K | $427K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0093% | 8h | 267.89 | +0.082% | $8.9M | $8.0M | 75x | as long as short |
| Lighter BCH | +0.0096% | 1h | 267.71 | +0.016% | $375K | $580K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 268.24 | +0.213% | $6.0M | $4.1M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 267.77 | +0.039% | $234K | $660K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 267.73 | +0.022% | $169K | $460K | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 267.84 | +0.063% | $19K | $289K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 267.82 | +0.056% | $73K | $213K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 267.81 | +0.052% | $1K | $2.0M | 30x | as long as short |
| HTX BCH-USDTlong | +0.0100% | 8h | 267.67 | long leg | $770K | $1.6M | 75x | |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0372% / S −0.0574% | 1h | 268.05 | +0.143% | $26K | — | 100x | as long as short |
Bitget BCHUSDT
Gate BCH_USDT
Coinbase International BCH-PERP-INTX
BingX BCH-USDC
OKX BCH-USDT-SWAP
dYdX BCH-USD
gTrade (Gains Network) BCH/USD
BloFin BCH-USDT
Orderly PERP_BCH_USDC
Kraken Futures PF_BCHUSD
Nado BCH-PERP
KuCoin BCHUSDTM
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]