Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0261%/8h= −28.5% APRpaid last 24h −0.049%

Price spread now: SoDEX against Kalshi+0.057%55s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kalshi Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. SoDEX is 0.057% dearer against Kalshi than usual: you sell high and buy low (spread +0.057% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 17 hours. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXBCHPERP	263.54	0	get 0.0000% / 8h	35m 16s	$1.0M	$10.2M	2.7x
Short	SoDEX BCH-USD	263.69	−0.0261	pay 0.0033% / 1h	35m 16s	$2K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$54.73
Price spread: +0.057% → 0.000%: $5.69
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$67.04
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Kalshi: live order book, 4 min ago; SoDEX: no order-book sample. Net counts fees only.

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	5.30 bp	11.4 bp −$11	19.6 bp −$196	32.9 bp −$3,286	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
SunX BCH-USDT	−0.0642%	8h	263.60	+0.023%	$1K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0301%	8h	263.51	−0.011%	$768K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0267%	8h	263.38	−0.061%	$4.9M	$6.4M	50x	as long as short
SoDEX BCH-USDshort	−0.0261%	1h	263.69	+0.057%	$2K	$8K	10x
Nado BCH-PERP	−0.0244%	1h	263.61	+0.026%	$426K	$341K	10x	as long as short
Extended BCH-USD	−0.0104%	1h	263.58	+0.017%	$114K	$950K	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0104%	1h	263.79	+0.095%	$218K	$1.8M	50x	as long as short
Binance BCHUSDT	−0.0100%	8h	263.76	+0.082%	$71.8M	$213.9M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0100%	8h	263.66	+0.044%	$384K	$17K	10x	as long as short
OKX BCH-USDT-SWAP	−0.0099%	8h	263.60	+0.023%	$24.8M	$74.2M	50x	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	−0.0099%	8h	264.19	+0.247%	$69.9M	$7.6M	200x	as long as short
Gate BCH_USDT	−0.0095%	8h	263.74	+0.076%	$8.3M	$13.5M	75x	as long as short
KuCoin BCHUSDTM	−0.0094%	8h	263.82	+0.106%	$8.5M	$7.1M	75x	as long as short
Variational Omni BCH	−0.0083%	8h	263.10	−0.165%	$81K	$201K	—	as long as short
Bitget BCHUSDT	−0.0079%	8h	263.64	+0.038%	$18.9M	$28.1M	75x	as long as short
BingX BCH-USDT	−0.0011%	8h	263.62	+0.030%	—	$32.1M	—	as long as short
Bybit BCHUSDT	−0.0007%	8h	263.63	+0.034%	$38.9M	$31.0M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	263.88	+0.127%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	263.95	+0.156%	$5K	$248	10x	as long as short
Kalshi KXBCHPERPlong	0.0000%	8h	263.54	long leg	$1.0M	$10.2M	2.7x
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	263.85	+0.116%	$441K	$331K	25x	as long as short
Kraken Futures PF_BCHUSD	+0.0011%	1h	263.83	+0.111%	$845K	$3.0M	50x	as long as short
BloFin BCH-USDT	+0.0018%	8h	263.51	−0.011%	$3.9M	$4.2M	50x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.527%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0035%	8h	263.75	+0.080%	$2K	$176	10x	as long as short
Pacifica BCH	+0.0077%	1h	263.75	+0.080%	$160K	$306K	10x	as long as short
ApeX Omni BCHUSDT	+0.0077%	1h	263.68	+0.053%	$96K	$229K	50x	as long as short
Lighter BCH	+0.0096%	1h	263.64	+0.038%	$359K	$485K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.99	+0.172%	$5.7M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	263.67	+0.049%	$166K	$516K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.60	+0.022%	$19K	$289K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0356% / S −0.0525%	1h	263.76	+0.084%	$25K	—	100x	as long as short