Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.017%

Price spread now: ApeX Omni against Kalshi−0.053%7-day average +0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$530.534% of the position

Long on Kalshi Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.183%+$18 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.053%, 7d avg +0.047%

Together, before fees+0.209%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.100% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of +0.047%). If the spread goes back, that is −$10 on $10k: about 3.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXBCHPERP	265.01	0	get 0.0000% / 8h	4h 54m	$991K	$10.5M	2.7x
Short	ApeX Omni BCHUSDT	264.87	0.0100	get 0.0013% / 1h	54m 31s	$95K	$240K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.053%Rate

Funding earned: $21
Price spread: −0.053% → +0.047%: −$9.96
Slippage, 4 orders: −$33.44
Fee Kalshi: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$42.4
Costs to cover: 0.534%
Break-even: 21.1 days

Slippage from Kalshi: live order book, 4 min ago; ApeX Omni: live order book, 47 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, 4 min ago	6.04 bp	11.0 bp −$11	17.9 bp −$179	32.3 bp −$3,226	doesn't fit
Sell ApeX Omni live order book, 47 min ago	4.53 bp	12.4 bp −$12	95.1 bp −$951	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	−0.0277%	1h	264.94	−0.026%	$2K	$8K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0219%	1h	265.14	+0.048%	$862K	$2.9M	50x	as long as short
Phemex BCHUSDT	−0.0155%	8h	264.89	−0.045%	$4.9M	$6.6M	50x	as long as short
HTX BCH-USDT	−0.0137%	8h	264.72	−0.109%	$774K	$1.4M	75x	as long as short
Variational Omni BCH	−0.0106%	8h	264.20	−0.305%	$81K	$196K	—	as long as short
KuCoin BCHUSDTM	−0.0092%	8h	265.06	+0.019%	$8.5M	$6.6M	75x	as long as short
Bybit BCHUSDT	−0.0082%	8h	265.10	+0.034%	$38.9M	$31.7M	75x	as long as short
Bitget BCHUSDT	−0.0074%	8h	265.16	+0.057%	$18.9M	$28.2M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0066%	8h	265.10	+0.034%	$25.3M	$77.5M	50x	as long as short
Binance BCHUSDT	−0.0049%	8h	265.24	+0.087%	$73.0M	$219.2M	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	−0.0049%	8h	265.41	+0.151%	$70.9M	$8.7M	200x	as long as short
Extended BCH-USD	−0.0048%	1h	265.13	+0.045%	$113K	$888K	25x	as long as short
BingX BCH-USDC	−0.0036%	8h	265.26	+0.094%	—	$6.5M	—	as long as short
GRVT BCH_USDT_Perp	−0.0033%	8h	264.63	−0.145%	$386K	$17K	10x	as long as short
Gate BCH_USDT	−0.0017%	8h	265.21	+0.075%	$8.4M	$13.4M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.96	−0.019%	$15K	—	150x	as long as short
Pacifica BCH	−0.0003%	1h	265.01	0.000%	$159K	$311K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	265.15	+0.054%	$5K	$240	10x	as long as short
Kalshi KXBCHPERPlong	0.0000%	8h	265.01	long leg	$991K	$10.5M	2.7x
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	265.08	+0.026%	$441K	$337K	25x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.958%	$721	$130K	12x	as long as short
Nado BCH-PERP	+0.0034%	1h	265.15	+0.053%	$435K	$357K	10x	as long as short
Aster BCHUSDT	+0.0042%	8h	265.14	+0.048%	$137K	$590K	75x	as long as short
Orderly PERP_BCH_USDC	+0.0045%	8h	264.84	−0.064%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0071%	8h	264.99	−0.008%	$4.0M	$4.5M	50x	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	265.90	+0.336%	$225K	$1.9M	50x	as long as short
Lighter BCH	+0.0096%	1h	265.00	−0.003%	$353K	$469K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.27	+0.098%	$5.7M	$4.7M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.67	−0.127%	$19K	$344K	20x	as long as short
ApeX Omni BCHUSDTshort	+0.0100%	1h	264.87	−0.053%	$95K	$240K	50x
SunX BCH-USDT	+0.0100%	8h	264.62	−0.147%	$1K	$1.7M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	265.00	−0.002%	$12K	—	100x	as long as short