Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h +0.007%

Price spread now: Kalshi against Nado+0.173%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$450.452% of the position

Long on Nado Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.173%, 7d avg +0.025%

Together, before fees−0.154%+ Points / potential airdropNado: Active · farm board−$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kalshi is 0.148% dearer against Nado than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BCH-PERP	264.58	−0.0008	get 0.0001% / 1h	58m 11s	$434K	$357K	10x
Short	Kalshi KXBCHPERP	265.04	0	get 0.0000% / 8h	4h 58m	$992K	$10.5M	2.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Nado. 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 NadobpFee KalshibpOrdersPrice spread, now +0.173%Rate

Funding earned: $1.67
Price spread: +0.173% → +0.025%: $14.78
Slippage, 4 orders: −$28.16
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$28.71
Costs to cover: 0.452%
Break-even: 127.3 days

Slippage from Nado: live order book, 45 min ago; Kalshi: live order book, 6 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 Nado live order book, 45 min ago	0.76 bp	7.8 bp −$8	21.0 bp −$210	doesn't fit	doesn't fit
Sell Kalshi live order book, 6 min ago	6.97 bp	16.9 bp −$17	22.3 bp −$223	57.1 bp −$5,707	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	−0.0417%	1h	264.74	+0.060%	$2K	$8K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0219%	1h	264.96	+0.143%	$862K	$2.9M	50x	as long as short
Phemex BCHUSDT	−0.0153%	8h	264.78	+0.075%	$4.9M	$6.6M	50x	as long as short
HTX BCH-USDT	−0.0142%	8h	264.76	+0.067%	$774K	$1.4M	75x	as long as short
Variational Omni BCH	−0.0097%	8h	264.50	−0.030%	$81K	$196K	—	as long as short
KuCoin BCHUSDTM	−0.0091%	8h	264.85	+0.101%	$8.5M	$6.6M	75x	as long as short
Bybit BCHUSDT	−0.0079%	8h	264.70	+0.044%	$38.9M	$31.8M	75x	as long as short
Bitget BCHUSDT	−0.0077%	8h	264.78	+0.075%	$18.9M	$28.3M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0069%	8h	264.70	+0.044%	$25.3M	$77.6M	50x	as long as short
Binance BCHUSDT	−0.0048%	8h	264.78	+0.075%	$72.9M	$219.4M	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	264.62	+0.015%	$111K	$878K	25x	as long as short
MEXC BCH_USDT	−0.0047%	8h	265.16	+0.218%	$70.8M	$8.7M	200x	as long as short
BingX BCH-USDC	−0.0034%	8h	264.80	+0.082%	—	$6.5M	—	as long as short
GRVT BCH_USDT_Perp	−0.0031%	8h	264.71	+0.049%	$386K	$17K	10x	as long as short
Gate BCH_USDT	−0.0017%	8h	264.88	+0.112%	$8.4M	$13.4M	75x	as long as short
Nado BCH-PERPlong	−0.0008%	1h	264.58	long leg	$434K	$357K	10x
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.93	+0.132%	$15K	—	150x	as long as short
Pacifica BCH	−0.0003%	1h	264.64	+0.022%	$159K	$311K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	264.85	+0.100%	$5K	$240	10x	as long as short
Kalshi KXBCHPERPshort	0.0000%	8h	265.04	+0.173%	$992K	$10.5M	2.7x
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.91	+0.123%	$441K	$337K	25x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.123%	$721	$130K	12x	as long as short
Aster BCHUSDT	+0.0044%	8h	264.72	+0.051%	$137K	$590K	75x	as long as short
Orderly PERP_BCH_USDC	+0.0045%	8h	264.75	+0.063%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0072%	8h	264.90	+0.120%	$4.0M	$4.5M	50x	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	265.90	+0.498%	$225K	$1.9M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.78	+0.075%	$353K	$469K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.01	+0.160%	$5.7M	$4.7M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.62	+0.016%	$19K	$345K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.89	+0.116%	$95K	$240K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	264.62	+0.014%	$1K	$1.7M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.95	+0.139%	$12K	—	100x	as long as short