Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.002%

Price spread now: Injective against Kalshi+1.411%7-day average +0.107% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kalshi Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.229%+$23 on $10k

Price spread, last 3 days (all we have)−2.669%−$267 · spread now +1.411%, 7d avg +0.107%

Together, before fees−2.440%−$244 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 1.304% dearer against Kalshi than usual: you sell high and buy low: +$130 more if the spread goes back to its 7-day average of +0.107%.

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	Injective BCH/USDC PERP	270.20	0.0033	get 0.0004% / 1h	24m 46s	$721	$130K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Kalshi. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +1.411%Rate

Funding earned: $7
Price spread: +1.411% → +0.107%: $130.38
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $127.36
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kalshi: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_Perp	−0.0183%	8h	265.53	−0.342%	$387K	$17K	10x	as long as short
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
Coinbase International BCH-PERP-INTX	−0.0112%	1h	265.07	−0.514%	$231K	$2.0M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0109%	8h	266.06	−0.143%	$8.4M	$13.5M	75x	as long as short
Binance BCHUSDT	−0.0096%	8h	265.89	−0.206%	$72.0M	$230.9M	75x	as long as short
Extended BCH-USD	−0.0096%	1h	265.72	−0.269%	$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	265.71	−0.274%	$39.2M	$33.0M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0045%	8h	265.60	−0.315%	$25.3M	$78.2M	50x	as long as short
Bitget BCHUSDT	−0.0041%	8h	265.89	−0.206%	$19.1M	$29.2M	75x	as long as short
Nado BCH-PERP	−0.0032%	1h	265.75	−0.259%	$421K	$381K	10x	as long as short
BingX BCH-USDT	−0.0031%	8h	266.04	−0.150%	—	$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	266.00	−0.165%	$8.6M	$7.5M	75x	as long as short
Injective BCH/USDC PERPshort	+0.0033%	1h	270.20	+1.411%	$721	$130K	12x
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	266.05	−0.148%	$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