Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: HTX against Kalshi−0.266%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$820.822% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 3 days (all we have)+0.211%+$21 · spread now −0.266%, 7d avg −0.007%
=Funding pays, the price is against you. HTX is 0.260% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.266% now, against its 7-day average of −0.007%). If the spread goes back, that is −$26 on $10k: about 8.7 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 | 266.55 | 0 | get 0.0000% / 8h | 4h 25m | $1.2M | $11.9M | 2.7x |
| Short | HTX BCH-USDT | 265.84 | 0.0100 | get 0.0100% / 8h | 25m 25s | $773K | $1.7M | 75x |
Kalshi KXBCHPERP
HTX BCH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Kalshi. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21
- Price spread: −0.266% → −0.007%
- −$25.98
- Slippage, 4 orders
- −$60.2
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$87.18
- Costs to cover
- 0.822%
- Break-even
- 36.1 days
Slippage from Kalshi: live order book, 3 min ago; HTX: live order book, 3 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 | 6.18 bp | 11.2 bp −$11 | 21.6 bp −$216 | doesn't fit | doesn't fit |
| Sell HTX live order book, 3 min ago | 5.44 bp | 48.4 bp −$48 | 281.3 bp −$2,813 | 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 | −0.0580% | 1h | 266.11 | −0.167% | $450K | $266K | 25x | as long as short |
| SoDEX BCH-USD | −0.0228% | 1h | 265.96 | −0.221% | $2K | $6K | 10x | as long as short |
| Variational Omni BCH | −0.0145% | 8h | 266.12 | −0.162% | $82K | $292K | — | as long as short |
| Kraken Futures PF_BCHUSD | −0.0126% | 1h | 266.30 | −0.095% | $848K | $3.1M | 50x | as long as short |
| Phemex BCHUSDT | −0.0099% | 8h | 266.34 | −0.079% | $4.8M | $6.4M | 50x | as long as short |
| Bybit BCHUSDT | −0.0091% | 8h | 265.40 | −0.431% | $39.1M | $33.0M | 75x | as long as short |
| Injective BCH/USDC PERP | −0.0054% | 1h | 270.20 | +1.369% | $721 | $130K | 12x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0032% | 1h | 266.31 | −0.090% | $223K | $2.1M | 50x | as long as short |
| Binance BCHUSDT | −0.0020% | 8h | 265.55 | −0.375% | $72.8M | $233.8M | 75x | as long as short |
| MEXC BCH_USDT | −0.0019% | 8h | 266.00 | −0.206% | $69.7M | $6.8M | 200x | as long as short |
Deribit BCH_USDC-PERPETUAL
SoDEX BCH-USD
Variational Omni BCH
Kraken Futures PF_BCHUSD
Phemex BCHUSDT
Bybit BCHUSDT
Injective BCH/USDC PERP
Coinbase International BCH-PERP-INTX
Binance BCHUSDT
MEXC BCH_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BCH-USD | −0.0016% | 1h | 265.50 | −0.393% | $115K | $652K | 25x | as long as short |
| Gate BCH_USDT | −0.0016% | 8h | 265.65 | −0.338% | $8.3M | $14.8M | 75x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 265.96 | −0.222% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERPlong | 0.0000% | 8h | 266.55 | long leg | $1.2M | $11.9M | 2.7x | |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 265.75 | −0.299% | $4K | — | 150x | as long as short |
| GRVT BCH_USDT_Perp | +0.0026% | 8h | 266.22 | −0.123% | $388K | $17K | 10x | as long as short |
| Bitget BCHUSDT | +0.0027% | 8h | 265.60 | −0.356% | $19.1M | $29.9M | 75x | as long as short |
| Orderly PERP_BCH_USDC | +0.0028% | 8h | 265.44 | −0.416% | $2K | $176 | 10x | as long as short |
| OKX BCH-USDT-SWAP | +0.0037% | 8h | 265.30 | −0.469% | $25.8M | $77.8M | 50x | as long as short |
| BingX BCH-USDC | +0.0039% | 8h | 265.50 | −0.394% | — | $6.5M | — | as long as short |
| Lighter BCH | +0.0096% | 1h | 265.75 | −0.300% | $367K | $557K | 10x | as long as short |
| Nado BCH-PERP | +0.0100% | 1h | 265.50 | −0.395% | $442K | $436K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 266.08 | −0.176% | $6.0M | $4.5M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 265.95 | −0.227% | $212K | $676K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 265.73 | −0.308% | $161K | $440K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 265.87 | −0.255% | $9.1M | $7.8M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 268.79 | +0.840% | $19K | $289K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 269.03 | +0.930% | $73K | $214K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 265.85 | −0.263% | $2K | $2.0M | 30x | as long as short |
| HTX BCH-USDTshort | +0.0100% | 8h | 265.84 | −0.266% | $773K | $1.7M | 75x | |
| BloFin BCH-USDT | +0.0103% | 8h | 265.79 | −0.285% | $4.0M | $4.2M | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0332% / S −0.0340% | 1h | 265.87 | −0.257% | $27K | — | 100x | as long as short |
Extended BCH-USD
Gate BCH_USDT
dYdX BCH-USD
gTrade (Gains Network) BCH/USD
GRVT BCH_USDT_Perp
Bitget BCHUSDT
Orderly PERP_BCH_USDC
OKX BCH-USDT-SWAP
BingX BCH-USDC
Lighter BCH
Nado BCH-PERP
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
BloFin BCH-USDT
GMX BCH/USD [WBTC.b-USDC]