Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h 0.000%

Price spread now: Kalshi against Coinbase International−0.158%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$570.568% of the position

Long on Coinbase International Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 4 days (all we have)+0.244%+$24 · spread now −0.158%, 7d avg −0.033%

Together, before fees+0.181%+$18 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: Kalshi is 0.126% cheaper against Coinbase International than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BCH-PERP-INTX	265.10	0.0008	pay 0.0001% / 1h	27m 49s	$224K	$1.9M	50x
Short	Kalshi KXBCHPERP	264.68	0	get 0.0000% / 8h	5h 27m	$984K	$10.5M	2.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Coinbase International. 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 Coinbase InternationalbpFee KalshibpOrdersPrice spread, now −0.158%Rate

Funding earned: −$1.68
Price spread: −0.158% → −0.033%: −$12.58
Slippage, 4 orders: −$36.78
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$71.03
Costs to cover: 0.568%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; Kalshi: live order book, 1 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 Coinbase International live order book, 1 min ago	5.67 bp	16.2 bp −$16	19.5 bp −$195	doesn't fit	doesn't fit
Sell Kalshi live order book, 1 min ago	9.07 bp	14.1 bp −$14	19.6 bp −$196	32.4 bp −$3,236	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	−0.0411%	1h	264.30	−0.302%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0179%	8h	264.31	−0.298%	$773K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0158%	8h	264.32	−0.294%	$4.9M	$6.6M	50x	as long as short
KuCoin BCHUSDTM	−0.0104%	8h	264.51	−0.223%	$8.5M	$6.7M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0103%	1h	264.51	−0.222%	$860K	$2.9M	50x	as long as short
Variational Omni BCH	−0.0091%	8h	264.10	−0.376%	$81K	$196K	—	as long as short
Bitget BCHUSDT	−0.0088%	8h	264.57	−0.200%	$18.9M	$28.4M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0079%	1h	264.48	−0.235%	$440K	$336K	25x	as long as short
OKX BCH-USDT-SWAP	−0.0078%	8h	264.60	−0.189%	$25.2M	$78.1M	50x	as long as short
Bybit BCHUSDT	−0.0063%	8h	264.51	−0.223%	$38.8M	$31.8M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0051%	8h	264.95	−0.057%	$70.6M	$8.8M	200x	as long as short
Binance BCHUSDT	−0.0050%	8h	264.61	−0.185%	$72.9M	$220.8M	75x	as long as short
Extended BCH-USD	−0.0048%	1h	264.41	−0.260%	$111K	$771K	25x	as long as short
BingX BCH-USDC	−0.0038%	8h	264.59	−0.192%	—	$6.5M	—	as long as short
GRVT BCH_USDT_Perp	−0.0031%	8h	264.25	−0.319%	$385K	$17K	10x	as long as short
Gate BCH_USDT	−0.0012%	8h	264.56	−0.204%	$8.3M	$13.8M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.47	−0.238%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.38	−0.273%	$5K	$240	10x	as long as short
Kalshi KXBCHPERPshort	0.0000%	8h	264.68	−0.158%	$984K	$10.5M	2.7x
Nado BCH-PERP	+0.0008%	1h	264.33	−0.290%	$434K	$356K	10x	as long as short
Coinbase International BCH-PERP-INTXlong	+0.0008%	1h	265.10	long leg	$224K	$1.9M	50x
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.924%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.36	−0.279%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0052%	8h	264.53	−0.215%	$137K	$590K	75x	as long as short
SunX BCH-USDT	+0.0056%	8h	264.14	−0.362%	$2K	$1.7M	30x	as long as short
BloFin BCH-USDT	+0.0069%	8h	264.42	−0.257%	$3.9M	$4.5M	50x	as long as short
ApeX Omni BCHUSDT	+0.0074%	1h	264.28	−0.309%	$95K	$238K	50x	as long as short
Lighter BCH	+0.0096%	1h	264.36	−0.280%	$352K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.59	−0.192%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	264.41	−0.260%	$158K	$312K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.18	−0.346%	$18K	$345K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.55	−0.208%	$12K	—	100x	as long as short