Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.011%

Price spread now: Coinbase International against Kalshi+0.045%57s7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as 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−$550.552% of the position

Long on Kalshi Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 3 days (all we have)−0.148%−$15 · spread now +0.045%, 7d avg +0.040%

Together, before fees−0.074%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.074%, so the current rate has only just turned against you. The two prices were read 57 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	267.34	0	get 0.0000% / 8h	4h 01m	$1.2M	$11.7M	2.7x
Short	Coinbase International BCH-PERP-INTX	267.46	−0.0032	pay 0.0004% / 1h	1m 15s	$227K	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$6.72
Price spread: +0.045% → +0.040%: $0.45
Slippage, 4 orders: −$35.16
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$61.43
Costs to cover: 0.552%
Break-even: never at this rate

Slippage from Kalshi: live order book, 3 min ago; Coinbase International: 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 Kalshi live order book, 3 min ago	7.86 bp	15.7 bp −$16	21.5 bp −$215	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	4.49 bp	12.6 bp −$13	17.2 bp −$172	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
Deribit BCH_USDC-PERPETUAL	−0.0472%	1h	267.16	−0.067%	$451K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0351%	1h	267.20	−0.052%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0134%	8h	266.81	−0.197%	$82K	$292K	—	as long as short
Phemex BCHUSDT	−0.0127%	8h	267.18	−0.060%	$4.9M	$6.5M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0126%	1h	267.47	+0.047%	$842K	$3.1M	50x	as long as short
Bybit BCHUSDT	−0.0074%	8h	267.10	−0.090%	$39.3M	$33.0M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+1.070%	$721	$130K	12x	as long as short
ApeX Omni BCHUSDT	−0.0036%	1h	267.00	−0.127%	$72K	$214K	50x	as long as short
Extended BCH-USD	−0.0032%	1h	266.98	−0.136%	$115K	$652K	25x	as long as short
Coinbase International BCH-PERP-INTXshort	−0.0032%	1h	267.46	+0.045%	$227K	$2.1M	50x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0031%	8h	266.97	−0.138%	$73.1M	$233.3M	75x	as long as short
MEXC BCH_USDT	−0.0028%	8h	267.50	+0.060%	$70.1M	$6.9M	200x	as long as short
Nado BCH-PERP	−0.0001%	1h	266.85	−0.183%	$442K	$434K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	267.15	−0.070%	$5K	$248	10x	as long as short
Kalshi KXBCHPERPlong	0.0000%	8h	267.34	long leg	$1.2M	$11.7M	2.7x
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	267.18	−0.060%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0002%	8h	267.01	−0.123%	$8.4M	$14.9M	75x	as long as short
GRVT BCH_USDT_Perp	+0.0019%	8h	266.72	−0.232%	$389K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0020%	8h	267.17	−0.064%	$19.2M	$30.1M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0026%	8h	267.10	−0.090%	$26.0M	$78.7M	50x	as long as short
BingX BCH-USDC	+0.0028%	8h	266.95	−0.146%	—	$6.5M	—	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	267.09	−0.094%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0089%	8h	267.16	−0.067%	$3.9M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	266.93	−0.153%	$368K	$559K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	267.28	−0.022%	$6.0M	$4.5M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.97	−0.140%	$211K	$712K	75x	as long as short
Pacifica BCH	+0.0100%	1h	266.95	−0.147%	$162K	$429K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	266.99	−0.131%	$9.0M	$7.7M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.90	−0.163%	$19K	$291K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.85	−0.183%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	267.02	−0.120%	$775K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0332% / S −0.0451%	1h	267.21	−0.048%	$25K	—	100x	as long as short