Funding you earn now, next payment 12:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.44 per $10,000 · paid last 24h −0.015%
Price spread now: Kalshi against Orderly−0.078%52s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Kalshi is 0.078% cheaper against Orderly than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BCH_USDC | 269.41 | 0.0044 | pay 0.0044% / 8h | 7h 12m | $2K | — | 10x |
| Short | Kalshi KXBCHPERP | 269.20 | 0 | get 0.0000% / 8h | 3h 12m | $1.0M | $9.1M | 2.7x |
Orderly PERP_BCH_USDC
Kalshi KXBCHPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Orderly. 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
- −$9.17
- Price spread: −0.078% → 0.000%
- −$7.79
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$32.97
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Kalshi: live order book, 1 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Kalshi live order book, 1 min ago | 5.39 bp | 10.4 bp −$10 | 19.4 bp −$194 | doesn't fit | doesn't fit |
Orderly: 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 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 | −0.0418% | 1h | 269.43 | +0.007% | $2K | $8K | 10x | as long as short |
| Phemex BCHUSDT | −0.0358% | 8h | 268.67 | −0.275% | $5.0M | $6.5M | 50x | as long as short |
| Kraken Futures PF_BCHUSD | −0.0157% | 1h | 269.69 | +0.105% | $898K | $2.7M | 50x | as long as short |
| GRVT BCH_USDT_Perp | −0.0126% | 8h | 268.70 | −0.264% | $392K | $17K | 10x | as long as short |
| Variational Omni BCH | −0.0125% | 8h | 268.91 | −0.185% | $147K | $261K | — | as long as short |
| OKX BCH-USDT-SWAP | −0.0105% | 8h | 269.30 | −0.041% | $25.5M | $77.8M | 50x | as long as short |
| Extended BCH-USD | −0.0064% | 1h | 269.32 | −0.033% | $118K | $918K | 25x | as long as short |
| Bitget BCHUSDT | −0.0062% | 8h | 269.46 | +0.019% | $19.2M | $27.4M | 75x | as long as short |
| Binance BCHUSDT | −0.0062% | 8h | 269.35 | −0.020% | $73.8M | $212.8M | 75x | as long as short |
| MEXC BCH_USDT | −0.0060% | 8h | 269.73 | +0.119% | $72.6M | $9.5M | 200x | as long as short |
SoDEX BCH-USD
Phemex BCHUSDT
Kraken Futures PF_BCHUSD
GRVT BCH_USDT_Perp
Variational Omni BCH
OKX BCH-USDT-SWAP
Extended BCH-USD
Bitget BCHUSDT
Binance BCHUSDT
MEXC BCH_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BCHUSDTM | −0.0050% | 8h | 269.24 | −0.063% | $8.6M | $6.1M | 75x | as long as short |
| gTrade (Gains Network) BCH/USD | L −0.0004% / S +0.0007% | 1h | 269.54 | +0.049% | $15K | — | 150x | as long as short |
| Pacifica BCH | −0.0002% | 1h | 269.08 | −0.124% | $156K | $293K | 10x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 269.17 | −0.089% | $5K | $240 | 10x | as long as short |
| Kalshi KXBCHPERPshort | 0.0000% | 8h | 269.20 | −0.078% | $1.0M | $9.1M | 2.7x | |
| Deribit BCH_USDC-PERPETUAL | 0.0000% | 1h | 269.60 | +0.071% | $424K | $356K | 25x | as long as short |
| Aster BCHUSDT | +0.0014% | 8h | 269.56 | +0.056% | $153K | $556K | 75x | as long as short |
| Gate BCH_USDT | +0.0017% | 8h | 269.39 | −0.007% | $8.4M | $13.3M | 75x | as long as short |
| Bybit BCHUSDT | +0.0021% | 8h | 269.40 | −0.004% | $40.0M | $32.0M | 75x | as long as short |
| Injective BCH/USDC PERP | +0.0033% | 1h | 270.20 | +0.293% | $721 | $130K | 12x | as long as short |
| Orderly PERP_BCH_USDClong | +0.0044% | 8h | 269.41 | long leg | $2K | — | 10x | |
| Nado BCH-PERP | +0.0054% | 1h | 269.05 | −0.134% | $460K | $388K | 10x | as long as short |
| BingX BCH-USDT | +0.0055% | 8h | 269.31 | −0.037% | — | $15.1M | — | as long as short |
| BloFin BCH-USDT | +0.0060% | 8h | 268.68 | −0.271% | $3.5M | $5.2M | 50x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0088% | 1h | 269.32 | −0.033% | $346K | $2.1M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 269.19 | −0.080% | $379K | $499K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 269.54 | +0.048% | $5.9M | $4.7M | 10x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 268.82 | −0.219% | $19K | $346K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 268.96 | −0.167% | $97K | $242K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 269.29 | −0.045% | $2K | $1.5M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 269.01 | −0.148% | $775K | $1.3M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0210% / S −0.0163% | 1h | 269.55 | +0.053% | $13K | — | 100x | as long as short |
KuCoin BCHUSDTM
gTrade (Gains Network) BCH/USD
Pacifica BCH
dYdX BCH-USD
Deribit BCH_USDC-PERPETUAL
Aster BCHUSDT
Gate BCH_USDT
Bybit BCHUSDT
Injective BCH/USDC PERP
Nado BCH-PERP
BingX BCH-USDT
BloFin BCH-USDT
Coinbase International BCH-PERP-INTX
Lighter BCH
Hyperliquid BCH
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]