Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h +0.028%

Price spread now: Pacifica against Kalshi−0.123%7-day average +0.018% · 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−$65as in the Price arb table

costs, in and out, $10k−$510.505% of the position

Long on Kalshi Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 4 days (all we have)+0.219%+$22 · spread now −0.123%, 7d avg +0.018%

Together, before fees+0.299%+ Points / potential airdropPacifica: Active · farm board+$30 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.141% cheaper against Kalshi than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXBCHPERP	266.81	0	get 0.0000% / 8h	4h 01m	$1.0M	$9.8M	2.7x
Short	Pacifica BCH	266.48	−0.0003	pay 0.0000% / 1h	1m 40s	$160K	$293K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.123%Rate

Funding earned: −$0.54
Price spread: −0.123% → +0.018%: −$14.07
Slippage, 4 orders: −$32.51
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$65.12
Costs to cover: 0.505%
Break-even: never at this rate

Slippage from Kalshi: live order book, 2 min ago; Pacifica: live order book, 37 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	9.75 bp	14.7 bp −$15	21.9 bp −$219	doesn't fit	doesn't fit
Sell Pacifica live order book, 37 min ago	0.38 bp	9.8 bp −$10	doesn't fit	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
SoDEX BCH-USD	−0.0289%	1h	266.50	−0.116%	$2K	$8K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0218%	1h	266.75	−0.022%	$867K	$2.8M	50x	as long as short
Phemex BCHUSDT	−0.0188%	8h	266.47	−0.127%	$4.9M	$6.5M	50x	as long as short
Variational Omni BCH	−0.0134%	8h	266.21	−0.223%	$82K	$196K	—	as long as short
Bybit BCHUSDT	−0.0115%	8h	266.44	−0.139%	$39.3M	$32.0M	75x	as long as short
KuCoin BCHUSDTM	−0.0078%	8h	266.60	−0.079%	$8.6M	$6.3M	75x	as long as short
Bitget BCHUSDT	−0.0078%	8h	266.41	−0.150%	$19.2M	$27.4M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0074%	8h	266.30	−0.191%	$25.2M	$78.1M	50x	as long as short
HTX BCH-USDT	−0.0071%	8h	266.60	−0.079%	$778K	$1.4M	75x	as long as short
Extended BCH-USD	−0.0048%	1h	266.39	−0.158%	$113K	$912K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0044%	8h	266.57	−0.090%	$73.9M	$216.3M	75x	as long as short
MEXC BCH_USDT	−0.0044%	8h	267.14	+0.124%	$71.7M	$9.2M	200x	as long as short
BingX BCH-USDT	−0.0036%	8h	266.51	−0.112%	—	$15.4M	—	as long as short
GRVT BCH_USDT_Perp	−0.0036%	8h	267.31	+0.188%	$390K	$17K	10x	as long as short
Gate BCH_USDT	−0.0035%	8h	266.58	−0.086%	$8.4M	$13.9M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	266.65	−0.061%	$15K	—	150x	as long as short
Pacifica BCHshort	−0.0003%	1h	266.48	−0.123%	$160K	$293K	10x
dYdX BCH-USD	0.0000%	1h	266.72	−0.035%	$5K	$240	10x	as long as short
Kalshi KXBCHPERPlong	0.0000%	8h	266.81	long leg	$1.0M	$9.8M	2.7x
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	266.68	−0.049%	$419K	$359K	25x	as long as short
Aster BCHUSDT	+0.0014%	8h	266.76	−0.019%	$141K	$572K	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.271%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	266.53	−0.105%	$2K	—	10x	as long as short
Nado BCH-PERP	+0.0073%	1h	266.66	−0.055%	$428K	$361K	10x	as long as short
BloFin BCH-USDT	+0.0076%	8h	266.86	+0.019%	$3.5M	$4.6M	50x	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	266.59	−0.082%	$243K	$2.0M	50x	as long as short
Lighter BCH	+0.0096%	1h	266.59	−0.083%	$360K	$488K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	266.75	−0.022%	$5.8M	$4.7M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.13	+0.119%	$19K	$345K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	267.33	+0.195%	$96K	$242K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	266.36	−0.169%	$2K	$1.6M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0203% / S −0.0147%	1h	266.60	−0.080%	$12K	—	100x	as long as short