Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h 0.000%

Price spread now: Extended against Kalshi−0.176%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$430.429% of the position

Long on Kalshi Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)+0.283%+$28 · spread now −0.176%, 7d avg −0.052%

Together, before fees+0.321%+ Points / potential airdropExtended: Active · farm board+$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.125% cheaper against Kalshi than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.052%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXBCHPERP	264.68	0	get 0.0000% / 8h	5h 28m	$984K	$10.5M	2.7x
Short	Extended BCH-USD	264.21	−0.0048	pay 0.0006% / 1h	28m 00s	$111K	$771K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.176%Rate

Funding earned: −$10.08
Price spread: −0.176% → −0.052%: −$12.49
Slippage, 4 orders: −$27.88
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$65.45
Costs to cover: 0.429%
Break-even: never at this rate

Slippage from Kalshi: live order book, 1 min ago; Extended: live order book, 5 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, 1 min ago	9.07 bp	14.1 bp −$14	19.8 bp −$198	35.1 bp −$3,514	doesn't fit
Sell Extended live order book, 5 min ago	1.14 bp	7.4 bp −$7	49.7 bp −$497	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	−0.0411%	1h	264.30	−0.144%	$2K	$8K	10x	as long as short
HTX BCH-USDT	−0.0179%	8h	264.31	−0.140%	$773K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0158%	8h	264.32	−0.136%	$4.9M	$6.6M	50x	as long as short
KuCoin BCHUSDTM	−0.0104%	8h	264.46	−0.083%	$8.5M	$6.7M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0103%	1h	264.51	−0.064%	$860K	$2.9M	50x	as long as short
Variational Omni BCH	−0.0091%	8h	264.10	−0.218%	$81K	$196K	—	as long as short
Bitget BCHUSDT	−0.0088%	8h	264.46	−0.083%	$18.9M	$28.4M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0079%	1h	264.48	−0.076%	$440K	$336K	25x	as long as short
OKX BCH-USDT-SWAP	−0.0078%	8h	264.50	−0.068%	$25.2M	$78.0M	50x	as long as short
Bybit BCHUSDT	−0.0063%	8h	264.46	−0.083%	$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	264.71	+0.011%	$70.6M	$8.8M	200x	as long as short
Binance BCHUSDT	−0.0050%	8h	264.55	−0.049%	$72.8M	$220.8M	75x	as long as short
Extended BCH-USDshort	−0.0048%	1h	264.21	−0.176%	$111K	$771K	25x
BingX BCH-USDC	−0.0038%	8h	264.38	−0.113%	—	$6.5M	—	as long as short
GRVT BCH_USDT_Perp	−0.0031%	8h	264.25	−0.161%	$385K	$17K	10x	as long as short
Gate BCH_USDT	−0.0012%	8h	264.38	−0.113%	$8.3M	$13.8M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.47	−0.079%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	264.38	−0.114%	$5K	$240	10x	as long as short
Kalshi KXBCHPERPlong	0.0000%	8h	264.68	long leg	$984K	$10.5M	2.7x
Nado BCH-PERP	+0.0008%	1h	264.33	−0.131%	$434K	$356K	10x	as long as short
Coinbase International BCH-PERP-INTX	+0.0008%	1h	265.10	+0.159%	$224K	$1.9M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.086%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.36	−0.121%	$2K	$176	10x	as long as short
Aster BCHUSDT	+0.0052%	8h	264.50	−0.068%	$137K	$590K	75x	as long as short
SunX BCH-USDT	+0.0056%	8h	264.14	−0.204%	$2K	$1.7M	30x	as long as short
BloFin BCH-USDT	+0.0069%	8h	264.42	−0.098%	$3.9M	$4.5M	50x	as long as short
ApeX Omni BCHUSDT	+0.0074%	1h	264.28	−0.151%	$95K	$238K	50x	as long as short
Lighter BCH	+0.0096%	1h	264.36	−0.121%	$352K	$495K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.59	−0.034%	$5.7M	$4.7M	10x	as long as short
Pacifica BCH	+0.0100%	1h	264.41	−0.101%	$158K	$312K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.18	−0.188%	$18K	$345K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.55	−0.050%	$12K	—	100x	as long as short