Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0061%/8hnext payment −$0.61 per $10,000 · paid last 24h +0.030%

Price spread now: HTX against Kalshi−0.162%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1061.058% of the position

Long on Kalshi Short on HTX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.103%+$10 · spread now −0.162%, 7d avg 0.000%

Together, before fees+0.313%+$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and HTX is 0.162% cheaper against Kalshi than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of 0.000%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.210%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXBCHPERP	265.32	0	get 0.0000% / 8h	21m 56s	$1.0M	$11.4M	2.7x
Short	HTX BCH-USDT	264.89	−0.0061	pay 0.0061% / 8h	4h 21m	$771K	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.162%Rate

Funding earned: −$12.84
Price spread: −0.162% → 0.000%: −$16.17
Slippage, 4 orders: −$83.82
Fee Kalshi: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$134.82
Costs to cover: 1.058%
Break-even: never at this rate

Slippage from Kalshi: live order book, 1 min ago; HTX: 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 Kalshi live order book, 1 min ago	9.98 bp	15.7 bp −$16	20.4 bp −$204	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	8.68 bp	59.9 bp −$60	99.8 bp −$998	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	−0.0394%	1h	264.86	−0.173%	$2K	$6K	10x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0376%	1h	265.01	−0.116%	$432K	$252K	25x	as long as short
Phemex BCHUSDT	−0.0227%	8h	264.91	−0.155%	$4.8M	$5.9M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0199%	1h	265.13	−0.071%	$810K	$3.1M	50x	as long as short
GRVT BCH_USDT_Perp	−0.0125%	8h	265.13	−0.073%	$386K	$17K	10x	as long as short
SunX BCH-USDT	−0.0113%	8h	264.94	−0.143%	$2K	$2.0M	30x	as long as short
Extended BCH-USD	−0.0112%	1h	264.85	−0.179%	$103K	$646K	25x	as long as short
Nado BCH-PERP	−0.0111%	1h	264.95	−0.139%	$451K	$387K	10x	as long as short
Binance BCHUSDT	−0.0111%	8h	264.92	−0.150%	$72.8M	$225.3M	75x	as long as short
MEXC BCH_USDT	−0.0111%	8h	265.41	+0.034%	$70.2M	$5.9M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0089%	8h	264.91	−0.155%	$8.3M	$14.2M	75x	as long as short
Coinbase International BCH-PERP-INTX	−0.0072%	1h	264.91	−0.155%	$222K	$2.0M	50x	as long as short
Bybit BCHUSDT	−0.0069%	8h	264.90	−0.158%	$39.2M	$31.8M	75x	as long as short
HTX BCH-USDTshort	−0.0061%	8h	264.89	−0.162%	$771K	$1.6M	75x
Bitget BCHUSDT	−0.0027%	8h	264.93	−0.147%	$19.3M	$27.6M	75x	as long as short
Variational Omni BCH	−0.0013%	8h	264.45	−0.328%	$75K	$277K	—	as long as short
BingX BCH-USDT	−0.0003%	8h	264.86	−0.173%	—	$32.2M	—	as long as short
OKX BCH-USDT-SWAP	−0.0003%	8h	264.90	−0.158%	$24.7M	$72.4M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	265.28	−0.013%	$5K	$229	10x	as long as short
Kalshi KXBCHPERPlong	0.0000%	8h	265.32	long leg	$1.0M	$11.4M	2.7x
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.16	−0.060%	$4K	—	150x	as long as short
BloFin BCH-USDT	+0.0009%	8h	264.95	−0.139%	$3.9M	$4.0M	50x	as long as short
KuCoin BCHUSDTM	+0.0028%	8h	265.06	−0.098%	$8.9M	$8.0M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	264.28	−0.392%	$705	$52K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.90	−0.158%	$2K	$176	10x	as long as short
Lighter BCH	+0.0096%	1h	264.94	−0.142%	$376K	$596K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.17	−0.058%	$5.2M	$4.0M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.03	−0.110%	$236K	$669K	75x	as long as short
Pacifica BCH	+0.0100%	1h	265.06	−0.099%	$167K	$453K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	265.02	−0.114%	$21K	$285K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	265.16	−0.060%	$72K	$216K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0330% / S −0.0444%	1h	265.11	−0.080%	$25K	—	100x	as long as short