Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: edgeX against Kalshi−0.218%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$490.485% of the position

Long on Kalshi Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 4 days (all we have)+0.179%+$18 · spread now −0.218%, 7d avg −0.024%

Together, before fees+0.389%+ Points / potential airdropedgeX: Active · farm board+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.194% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.218% now, against its 7-day average of −0.024%). If the spread goes back, that is −$19 on $10k: about 6.5 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	265.02	0	get 0.0000% / 8h	5h 44m	$985K	$10.5M	2.7x
Short	edgeX BCHUSDC	264.44	0.0100	get 0.0050% / 4h	1h 44m	$18K	$345K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.218%Rate

Funding earned: $21
Price spread: −0.218% → −0.024%: −$19.43
Slippage, 4 orders: −$29.52
Fee Kalshi: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$46.95
Costs to cover: 0.485%
Break-even: 22.6 days

Slippage from Kalshi: live order book, 4 min ago; edgeX: live order book, 64 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	3.02 bp	8.0 bp −$8	16.3 bp −$163	31.6 bp −$3,163	doesn't fit
Sell edgeX live order book, 64 min ago	7.39 bp	12.2 bp −$12	61.2 bp −$612	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	−0.0429%	1h	264.95	−0.026%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0200%	8h	264.29	−0.275%	$773K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0157%	8h	265.04	+0.008%	$5.0M	$6.6M	50x	as long as short
KuCoin BCHUSDTM	−0.0105%	8h	264.98	−0.015%	$8.5M	$6.7M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0103%	1h	264.73	−0.110%	$861K	$3.0M	50x	as long as short
Bitget BCHUSDT	−0.0091%	8h	264.57	−0.170%	$18.9M	$28.4M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0083%	8h	264.50	−0.196%	$25.3M	$78.1M	50x	as long as short
Variational Omni BCH	−0.0076%	8h	264.10	−0.346%	$81K	$196K	—	as long as short
MEXC BCH_USDT	−0.0049%	8h	265.02	0.000%	$70.4M	$8.5M	200x	as long as short
Binance BCHUSDT	−0.0049%	8h	264.71	−0.116%	$72.9M	$221.2M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0048%	1h	264.40	−0.232%	$112K	$1.1M	25x	as long as short
Bybit BCHUSDT	−0.0044%	8h	264.58	−0.166%	$38.9M	$31.9M	75x	as long as short
BingX BCH-USDC	−0.0030%	8h	264.67	−0.132%	—	$6.5M	—	as long as short
GRVT BCH_USDT_Perp	−0.0023%	8h	264.47	−0.207%	$386K	$17K	10x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.88	−0.051%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.13	+0.042%	$5K	$240	10x	as long as short
Kalshi KXBCHPERPlong	0.0000%	8h	265.02	long leg	$985K	$10.5M	2.7x
Gate BCH_USDT	+0.0001%	8h	264.80	−0.083%	$8.4M	$13.8M	75x	as long as short
Nado BCH-PERP	+0.0003%	1h	264.68	−0.127%	$435K	$356K	10x	as long as short
Coinbase International BCH-PERP-INTX	+0.0008%	1h	264.62	−0.151%	$225K	$1.9M	50x	as long as short
SunX BCH-USDT	+0.0019%	8h	264.66	−0.136%	$1K	$1.7M	30x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.955%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.56	−0.174%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0052%	8h	264.70	−0.120%	$149K	$590K	75x	as long as short
BloFin BCH-USDT	+0.0070%	8h	264.98	−0.015%	$4.0M	$4.5M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.88	−0.051%	$353K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.86	−0.060%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	264.96	−0.023%	$159K	$312K	10x	as long as short
edgeX BCHUSDCshort	+0.0100%	4h	264.44	−0.218%	$18K	$345K	20x
ApeX Omni BCHUSDT	+0.0100%	1h	264.62	−0.151%	$95K	$237K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.86	−0.059%	$12K	—	100x	as long as short
Deribit BCH_USDC-PERPETUAL	+2.4752%	1h	271.40	+2.408%	$452K	$334K	25x	as long as short