BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0183%/8h= −20.0% APRnext payment −$1.83 per $10,000 · paid last 24h +0.002%

Price spread now: GRVT against Kalshi−0.342%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$500.500% of the position

Long on Kalshi Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 4 days (all we have)+0.189%+$19 · spread now −0.342%, 7d avg +0.010%

Together, before fees+0.267%+ Points / potential airdropGRVT: Active · farm board+$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and GRVT is 0.353% cheaper against Kalshi than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of +0.010%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.078%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.078% in total (about 4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.83 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXBCHPERP	266.44	0	get 0.0000% / 8h	2h 24m	$1.1M	$10.7M	2.7x
Short	GRVT BCH_USDT_Perp	265.53	−0.0183	pay 0.0183% / 8h	6h 24m	$387K	$17K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.342%Rate

Funding earned: −$38.43
Price spread: −0.342% → +0.010%: −$35.28
Slippage, 4 orders: −$30.99
Fee Kalshi: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$123.7
Costs to cover: 0.500%
Break-even: never at this rate

Slippage from Kalshi: live order book, 4 min ago; GRVT: live order book, 43 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, 4 min ago	7.34 bp	12.3 bp −$12	19.9 bp −$199	doesn't fit	doesn't fit
Sell GRVT live order book, 43 min ago	1.49 bp	13.2 bp −$13	24.8 bp −$248	doesn't fit	doesn't fit

BCH on 31 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	−0.0814%	8h	265.99	−0.169%	$2K	$1.8M	30x	as long as short
SoDEX BCH-USD	−0.0510%	1h	266.05	−0.146%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0452%	8h	266.06	−0.143%	$4.9M	$6.6M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0429%	1h	266.23	−0.077%	$450K	$255K	25x	as long as short
Kraken Futures PF_BCHUSD	−0.0298%	1h	266.35	−0.033%	$854K	$3.1M	50x	as long as short
HTX BCH-USDT	−0.0294%	8h	265.95	−0.184%	$780K	$1.6M	75x	as long as short
GRVT BCH_USDT_Perpshort	−0.0183%	8h	265.53	−0.342%	$387K	$17K	10x
ApeX Omni BCHUSDT	−0.0175%	1h	265.37	−0.402%	$97K	$227K	50x	as long as short
Variational Omni BCH	−0.0117%	8h	266.11	−0.125%	$82K	$253K	—	as long as short
Gate BCH_USDT	−0.0114%	8h	265.92	−0.195%	$8.4M	$13.5M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTX	−0.0112%	1h	265.07	−0.514%	$231K	$2.0M	50x	as long as short
Binance BCHUSDT	−0.0096%	8h	265.48	−0.360%	$71.9M	$229.7M	75x	as long as short
Extended BCH-USD	−0.0096%	1h	265.48	−0.360%	$112K	$962K	25x	as long as short
MEXC BCH_USDT	−0.0095%	8h	266.04	−0.150%	$70.1M	$7.0M	200x	as long as short
Bybit BCHUSDT	−0.0065%	8h	265.53	−0.342%	$39.2M	$33.0M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0047%	8h	265.50	−0.353%	$25.3M	$78.2M	50x	as long as short
Bitget BCHUSDT	−0.0041%	8h	265.59	−0.319%	$19.1M	$29.2M	75x	as long as short
Nado BCH-PERP	−0.0035%	1h	265.60	−0.315%	$421K	$380K	10x	as long as short
BingX BCH-USDT	−0.0031%	8h	265.92	−0.195%	—	$32.3M	—	as long as short
dYdX BCH-USD	0.0000%	1h	266.25	−0.070%	$5K	$248	10x	as long as short
Kalshi KXBCHPERPlong	0.0000%	8h	266.44	long leg	$1.1M	$10.7M	2.7x
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	266.23	−0.078%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0033%	8h	266.09	−0.131%	$2K	$176	10x	as long as short
KuCoin BCHUSDTM	+0.0033%	8h	266.03	−0.154%	$8.6M	$7.5M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.411%	$721	$130K	12x	as long as short
Pacifica BCH	+0.0040%	1h	265.91	−0.200%	$162K	$404K	10x	as long as short
Lighter BCH	+0.0096%	1h	265.89	−0.208%	$366K	$478K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.19	−0.094%	$5.8M	$5.0M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	266.09	−0.133%	$168K	$697K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.36	−0.406%	$19K	$291K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	266.24	−0.076%	$25K	—	100x	as long as short