Funding arb · Price arb /

BCH

all BCH markets

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: ApeX Omni against Kalshi−0.420%78s7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

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

Long on Kalshi Short on ApeX Omni

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)+0.358%+$36 · spread now −0.420%, 7d avg +0.049%

Together, before fees+0.541%+$54 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.469% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.420% now, against its 7-day average of +0.049%). If the spread goes back, that is −$47 on $10k: about 16 days of funding at the current rate (+$3 a day). The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXBCHPERP	266.91	0	get 0.0000% / 8h	7h 51m	$1.0M	$10.4M	2.7x
Short	ApeX Omni BCHUSDT	265.79	0.0100	get 0.0013% / 1h	51m 56s	$97K	$233K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kalshi. 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 KalshibpFee ApeX OmnibpOrdersPrice spread, now −0.420%Rate

Funding earned: $21
Price spread: −0.420% → +0.049%: −$46.89
Slippage, 4 orders: −$34.52
Fee Kalshi: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$80.42
Costs to cover: 0.545%
Break-even: 33.8 days

Slippage from Kalshi: live order book, 2 min ago; ApeX Omni: live order book, 64 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 Kalshi live order book, 2 min ago	1.13 bp	18.5 bp −$19	22.8 bp −$228	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 64 min ago	4.53 bp	12.3 bp −$12	104.0 bp −$1,040	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
SunX BCH-USDT	−0.0303%	8h	266.09	−0.307%	$2K	$1.7M	30x	as long as short
Phemex BCHUSDT	−0.0289%	8h	266.09	−0.307%	$5.0M	$6.4M	50x	as long as short
HTX BCH-USDT	−0.0230%	8h	266.41	−0.187%	$777K	$1.4M	75x	as long as short
Nado BCH-PERP	−0.0199%	1h	266.35	−0.210%	$430K	$345K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0122%	1h	266.28	−0.237%	$445K	$332K	25x	as long as short
OKX BCH-USDT-SWAP	−0.0103%	8h	266.10	−0.303%	$25.2M	$76.5M	50x	as long as short
SoDEX BCH-USD	−0.0096%	1h	266.18	−0.274%	$2K	$8K	10x	as long as short
Extended BCH-USD	−0.0088%	1h	266.04	−0.327%	$112K	$958K	25x	as long as short
Binance BCHUSDT	−0.0085%	8h	266.13	−0.292%	$72.3M	$215.5M	75x	as long as short
MEXC BCH_USDT	−0.0085%	8h	266.54	−0.139%	$70.5M	$7.9M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BCHUSDTM	−0.0079%	8h	266.26	−0.244%	$8.6M	$7.0M	75x	as long as short
Bitget BCHUSDT	−0.0078%	8h	266.10	−0.303%	$19.1M	$28.2M	75x	as long as short
Variational Omni BCH	−0.0073%	8h	265.10	−0.677%	$81K	$197K	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0064%	1h	266.22	−0.259%	$218K	$1.8M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0063%	8h	265.01	−0.712%	$386K	$17K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0051%	1h	266.41	−0.188%	$856K	$3.0M	50x	as long as short
Gate BCH_USDT	−0.0036%	8h	266.29	−0.232%	$8.3M	$13.5M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	266.35	−0.210%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	266.86	−0.018%	$5K	$248	10x	as long as short
Kalshi KXBCHPERPlong	0.0000%	8h	266.91	long leg	$1.0M	$10.4M	2.7x
Bybit BCHUSDT	+0.0013%	8h	266.10	−0.303%	$39.3M	$31.2M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.233%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0035%	8h	266.95	+0.015%	$3.9M	$4.4M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0042%	8h	266.18	−0.274%	$2K	$176	10x	as long as short
BingX BCH-USDC	+0.0050%	8h	266.12	−0.296%	—	$6.5M	—	as long as short
Aster BCHUSDT	+0.0094%	8h	266.38	−0.197%	$154K	$541K	75x	as long as short
Lighter BCH	+0.0096%	1h	266.17	−0.279%	$359K	$488K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.36	−0.206%	$5.7M	$4.6M	10x	as long as short
Pacifica BCH	+0.0100%	1h	266.83	−0.031%	$160K	$303K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.48	−0.537%	$19K	$289K	20x	as long as short
ApeX Omni BCHUSDTshort	+0.0100%	1h	265.79	−0.420%	$97K	$233K	50x
GMX BCH/USD [WBTC.b-USDC]	L +0.0351% / S −0.0506%	1h	266.28	−0.234%	$24K	—	100x	as long as short