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: Extended against Kalshi−0.209%7-day average −0.042% · 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−$56as in the Price arb table

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

Long on Kalshi Short on Extended

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)+0.865%+$86 · spread now −0.209%, 7d avg −0.042%

Together, before fees+0.896%+ Points / potential airdropExtended: Active · farm board+$90 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.167% cheaper against Kalshi than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.042%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXBCHPERP	268.68	0	get 0.0000% / 8h	6h 28m	$1.1M	$11.3M	2.7x
Short	Extended BCH-USD	268.12	−0.0112	pay 0.0014% / 1h	28m 42s	$105K	$643K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.209%Rate

Funding earned: −$23.52
Price spread: −0.209% → −0.042%: −$16.74
Slippage, 4 orders: −$24.44
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$79.7
Costs to cover: 0.394%
Break-even: never at this rate

Slippage from Kalshi: live order book, 5 min ago; Extended: live order book, 59 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, 5 min ago	5.22 bp	10.2 bp −$10	19.0 bp −$190	doesn't fit	doesn't fit
Sell Extended live order book, 59 min ago	0.75 bp	7.3 bp −$7	59.3 bp −$593	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
Injective BCH/USDC PERP	−0.0304%	1h	267.23	−0.540%	$713	$80K	12x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0242%	1h	268.23	−0.166%	$439K	$247K	25x	as long as short
Phemex BCHUSDT	−0.0198%	8h	268.15	−0.197%	$4.9M	$6.2M	50x	as long as short
SoDEX BCH-USD	−0.0182%	1h	268.15	−0.197%	$2K	$6K	10x	as long as short
Extended BCH-USDshort	−0.0112%	1h	268.12	−0.209%	$105K	$643K	25x
Binance BCHUSDT	−0.0111%	8h	268.24	−0.163%	$74.0M	$229.2M	75x	as long as short
MEXC BCH_USDT	−0.0111%	8h	268.87	+0.071%	$71.3M	$6.4M	200x	as long as short
Variational Omni BCH	−0.0078%	8h	267.84	−0.313%	$85K	$291K	—	as long as short
Bybit BCHUSDT	−0.0047%	8h	268.14	−0.201%	$39.5M	$32.0M	75x	as long as short
Bitget BCHUSDT	−0.0046%	8h	268.18	−0.186%	$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	−0.277%	$390K	$17K	10x	as long as short
Gate BCH_USDT	−0.0028%	8h	268.20	−0.179%	$8.4M	$14.4M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0024%	1h	268.25	−0.160%	$247K	$2.1M	50x	as long as short
BingX BCH-USDT	−0.0003%	8h	268.21	−0.175%	—	$32.1M	—	as long as short
dYdX BCH-USD	0.0000%	1h	268.28	−0.148%	$5K	$248	10x	as long as short
Kalshi KXBCHPERPlong	0.0000%	8h	268.68	long leg	$1.1M	$11.3M	2.7x
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.07	−0.226%	$4K	—	150x	as long as short
OKX BCH-USDT-SWAP	+0.0003%	8h	268.20	−0.179%	$26.3M	$75.9M	50x	as long as short
BloFin BCH-USDT	+0.0008%	8h	268.15	−0.197%	$4.0M	$4.1M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	268.21	−0.175%	$2K	$176	10x	as long as short
Kraken Futures PF_BCHUSD	+0.0074%	1h	268.44	−0.089%	$805K	$3.2M	50x	as long as short
Nado BCH-PERP	+0.0077%	1h	267.68	−0.372%	$438K	$427K	10x	as long as short
Lighter BCH	+0.0096%	1h	268.26	−0.156%	$376K	$580K	10x	as long as short
KuCoin BCHUSDTM	+0.0096%	8h	268.29	−0.145%	$8.9M	$8.0M	75x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.49	−0.071%	$6.0M	$4.1M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.20	−0.177%	$235K	$660K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.27	−0.151%	$169K	$461K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.76	−0.341%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	267.94	−0.275%	$73K	$213K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.03	−0.242%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.05	−0.234%	$771K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0372% / S −0.0574%	1h	268.03	−0.240%	$26K	—	100x	as long as short