Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: edgeX against Kalshi−0.105%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$500.497% of the position

Long on Kalshi Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now −0.105%, 7d avg −0.018%

Together, before fees+0.222%+ Points / potential airdropedgeX: Active · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.087% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.105% now, against its 7-day average of −0.018%). If the spread goes back, that is −$9 on $10k: about 2.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXBCHPERP	265.60	0	get 0.0000% / 8h	1h 37m	$1.1M	$10.3M	2.7x
Short	edgeX BCHUSDC	265.32	0.0100	get 0.0050% / 4h	1h 37m	$19K	$291K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.105%Rate

Funding earned: $21
Price spread: −0.105% → −0.018%: −$8.71
Slippage, 4 orders: −$30.74
Fee Kalshi: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$37.44
Costs to cover: 0.497%
Break-even: 19.5 days

Slippage from Kalshi: live order book, 2 min ago; edgeX: live order book, 26 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	6.21 bp	11.2 bp −$11	18.5 bp −$185	doesn't fit	doesn't fit
Sell edgeX live order book, 26 min ago	7.35 bp	11.9 bp −$12	14.5 bp −$145	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	−0.1773%	8h	264.84	−0.286%	$1K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0551%	8h	264.98	−0.233%	$770K	$1.5M	75x	as long as short
Phemex BCHUSDT	−0.0440%	8h	265.22	−0.143%	$4.9M	$6.6M	50x	as long as short
SoDEX BCH-USD	−0.0358%	1h	265.26	−0.128%	$2K	$8K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0175%	8h	265.18	−0.156%	$387K	$17K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0128%	1h	265.18	−0.158%	$227K	$1.8M	50x	as long as short
Nado BCH-PERP	−0.0120%	1h	265.25	−0.132%	$419K	$339K	10x	as long as short
Binance BCHUSDT	−0.0115%	8h	265.44	−0.060%	$72.3M	$214.8M	75x	as long as short
MEXC BCH_USDT	−0.0114%	8h	265.77	+0.064%	$70.2M	$6.9M	200x	as long as short
Extended BCH-USD	−0.0112%	1h	265.18	−0.159%	$116K	$956K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0111%	8h	265.34	−0.098%	$8.3M	$13.3M	75x	as long as short
Variational Omni BCH	−0.0105%	8h	265.20	−0.151%	$81K	$201K	—	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0078%	1h	265.38	−0.085%	$445K	$311K	25x	as long as short
OKX BCH-USDT-SWAP	−0.0075%	8h	265.30	−0.113%	$25.2M	$74.0M	50x	as long as short
ApeX Omni BCHUSDT	−0.0067%	1h	265.32	−0.105%	$97K	$226K	50x	as long as short
Bybit BCHUSDT	−0.0065%	8h	265.40	−0.075%	$39.2M	$31.1M	75x	as long as short
Bitget BCHUSDT	−0.0057%	8h	265.30	−0.113%	$19.1M	$28.4M	75x	as long as short
KuCoin BCHUSDTM	−0.0056%	8h	265.28	−0.120%	$8.6M	$7.2M	75x	as long as short
BingX BCH-USDT	−0.0044%	8h	265.39	−0.079%	—	$32.1M	—	as long as short
Kraken Futures PF_BCHUSD	−0.0031%	1h	265.44	−0.059%	$851K	$3.0M	50x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.43	−0.065%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.25	−0.132%	$5K	$248	10x	as long as short
Kalshi KXBCHPERPlong	0.0000%	8h	265.60	long leg	$1.1M	$10.3M	2.7x
BloFin BCH-USDT	+0.0005%	8h	265.38	−0.083%	$3.9M	$4.2M	50x	as long as short
Pacifica BCH	+0.0021%	1h	264.98	−0.233%	$161K	$322K	10x	as long as short
Orderly PERP_BCH_USDC	+0.0033%	8h	265.21	−0.147%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.732%	$721	$130K	12x	as long as short
Lighter BCH	+0.0096%	1h	265.31	−0.110%	$365K	$477K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.64	+0.015%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.51	−0.033%	$168K	$519K	75x	as long as short
edgeX BCHUSDCshort	+0.0100%	4h	265.32	−0.105%	$19K	$291K	20x
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.44	−0.059%	$25K	—	100x	as long as short