Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 980.10 | +0.0229 | pay 0.0686% / 24h | 4h 49m | $186K | $1.6M | 4.5x | Long Kalshi | |
| SHORT | 985.57 | +0.0053 | get 0.0027% / 4h | 2h 49m | $282K | $46K | 100x | Short BloFin |
Price gap+0.558%
Funding gap−0.0176% /8h
The gap pays +$46 on $10k if it goes back to its 7d average, but funding costs $5 a day and eats that in about 8.7 days. At the last 7 days' pace that is about 44 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$7−0.0176% /8h now · paid −0.073% over the last 7D
Price+$46spread +0.558% now, avg +0.099% → +0.459% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$39+0.39%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.558%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hXPD on 19 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than Kalshi’s order book right now.
- Note: Margin at max leverage$2,181 + $100Kalshi 4.5x, BloFin 100x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ24h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$5.27Long Kalshi: 1 payment, −$6.86; short BloFin: 6 payments, +$1.59.
- OK: Entry gap works for you+0.558% vs +0.099%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$186K vs $282K OIKalshi sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCKalshi Yes · BloFin LimitedA US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0035%/8h × 21 periods−$7.30
Price spread+0.558% → +0.099% (7d avg)+$45.93
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Kalshi bp × 2 orders−$0.48
Fee BloFin bp × 2 orders−$12.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Kalshi: live order book, 3 min ago; BloFin: live order book, 66 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKalshi570.42doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBloFin0.3112.0 bp−$12doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.