Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0033%/8h= +3.7% APRpaid last 24h −0.009%

Price spread now: Kalshi against Nado+0.171%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$440.442% of the position

Long on Nado Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 3 days (all we have)−0.157%−$16 · spread now +0.171%, 7d avg +0.017%

Together, before fees−0.161%+ Points / potential airdropNado: Active · farm board−$16 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 Kalshi is 0.154% dearer against Nado than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BCH-PERP	267.95	−0.0033	get 0.0004% / 1h	56m 09s	$441K	$435K	10x
Short	Kalshi KXBCHPERP	268.41	0	get 0.0000% / 8h	3h 56m	$1.1M	$11.8M	2.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Nado. 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 NadobpFee KalshibpOrdersPrice spread, now +0.171%Rate

Funding earned: $7.01
Price spread: +0.171% → +0.017%: $15.4
Slippage, 4 orders: −$27.23
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$21.83
Costs to cover: 0.442%
Break-even: 28.8 days

Slippage from Nado: live order book, 17 min ago; Kalshi: 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 Nado live order book, 17 min ago	0.75 bp	8.8 bp −$9	24.9 bp −$249	doesn't fit	doesn't fit
Sell Kalshi live order book, 3 min ago	9.14 bp	14.1 bp −$14	20.0 bp −$200	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
Phemex BCHUSDT	−0.1085%	8h	267.96	+0.003%	$4.9M	$6.5M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0391%	1h	268.11	+0.058%	$453K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0388%	1h	267.99	+0.014%	$2K	$6K	10x	as long as short
Variational Omni BCH	−0.0132%	8h	268.01	+0.023%	$82K	$292K	—	as long as short
Coinbase International BCH-PERP-INTX	−0.0056%	1h	267.42	−0.199%	$226K	$2.1M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	268.19	+0.087%	$856K	$3.2M	50x	as long as short
ApeX Omni BCHUSDT	−0.0037%	1h	266.85	−0.411%	$72K	$214K	50x	as long as short
Binance BCHUSDT	−0.0034%	8h	267.99	+0.016%	$73.1M	$235.6M	75x	as long as short
MEXC BCH_USDT	−0.0034%	8h	268.48	+0.197%	$70.3M	$6.6M	200x	as long as short
Nado BCH-PERPlong	−0.0033%	1h	267.95	long leg	$441K	$435K	10x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0032%	1h	267.81	−0.054%	$115K	$648K	25x	as long as short
dYdX BCH-USD	0.0000%	1h	268.16	+0.078%	$5K	$248	10x	as long as short
Kalshi KXBCHPERPshort	0.0000%	8h	268.41	+0.171%	$1.1M	$11.8M	2.7x
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.19	+0.089%	$4K	—	150x	as long as short
HTX BCH-USDT	+0.0015%	8h	267.88	−0.027%	$774K	$1.7M	75x	as long as short
GRVT BCH_USDT_Perp	+0.0016%	8h	266.96	−0.370%	$389K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0017%	8h	268.09	+0.051%	$19.3M	$30.1M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0026%	8h	268.00	+0.018%	$26.1M	$79.0M	50x	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	267.96	+0.003%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.839%	$721	$130K	12x	as long as short
Gate BCH_USDT	+0.0034%	8h	268.07	+0.044%	$8.4M	$14.0M	75x	as long as short
BloFin BCH-USDT	+0.0086%	8h	267.99	+0.014%	$3.9M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	268.07	+0.043%	$370K	$526K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.38	+0.160%	$6.0M	$4.5M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.09	+0.051%	$174K	$715K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.09	+0.050%	$163K	$430K	10x	as long as short
Bybit BCHUSDT	+0.0100%	8h	268.04	+0.033%	$39.5M	$33.2M	75x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.00	+0.018%	$9.0M	$7.7M	75x	as long as short
BingX BCH-USDT	+0.0100%	8h	268.01	+0.021%	—	$31.0M	—	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.01	−0.353%	$19K	$290K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	267.78	−0.064%	$1K	$2.0M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0224%	1h	268.17	+0.081%	$31K	—	100x	as long as short