Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h −0.029%

Price spread now: Kalshi against Pacifica+0.164%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$470.466% of the position

Long on Pacifica Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)−0.680%−$68 · spread now +0.164%, 7d avg −0.023%

Together, before fees−0.744%+ Points / potential airdropPacifica: Active · farm board−$74 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.187% dearer against Pacifica than usual: you sell high and buy low (spread +0.164% now, against its 7-day average of −0.023%): +$19 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 30 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BCH	265.27	0.0021	pay 0.0003% / 1h	7m 46s	$161K	$321K	10x
Short	Kalshi KXBCHPERP	265.70	0	get 0.0000% / 8h	1h 07m	$1.1M	$10.2M	2.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Pacifica. 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 PacificabpFee KalshibpOrdersPrice spread, now +0.164%Rate

Funding earned: −$4.33
Price spread: +0.164% → −0.023%: $18.7
Slippage, 4 orders: −$28.63
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$32.26
Costs to cover: 0.466%
Break-even: never at this rate

Slippage from Pacifica: live order book, 56 min ago; Kalshi: 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 Pacifica live order book, 56 min ago	3.96 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Kalshi live order book, 1 min ago	8.28 bp	13.3 bp −$13	19.5 bp −$195	54.1 bp −$5,413	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
SunX BCH-USDT	−0.1098%	8h	265.26	−0.002%	$2K	$1.7M	30x	as long as short
HTX BCH-USDT	−0.0419%	8h	265.42	+0.058%	$772K	$1.4M	75x	as long as short
Phemex BCHUSDT	−0.0362%	8h	265.54	+0.103%	$4.9M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0311%	1h	265.45	+0.069%	$2K	$8K	10x	as long as short
Coinbase International BCH-PERP-INTX	−0.0128%	1h	266.40	+0.427%	$224K	$1.8M	50x	as long as short
Nado BCH-PERP	−0.0126%	1h	265.42	+0.060%	$422K	$339K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0117%	8h	266.15	+0.331%	$388K	$17K	10x	as long as short
Binance BCHUSDT	−0.0106%	8h	265.21	−0.021%	$72.1M	$213.4M	75x	as long as short
MEXC BCH_USDT	−0.0105%	8h	265.68	+0.156%	$70.0M	$7.0M	200x	as long as short
Extended BCH-USD	−0.0104%	1h	265.10	−0.062%	$112K	$952K	25x	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	−0.0101%	8h	265.33	+0.024%	$8.3M	$13.3M	75x	as long as short
Variational Omni BCH	−0.0094%	8h	266.00	+0.276%	$81K	$201K	—	as long as short
OKX BCH-USDT-SWAP	−0.0074%	8h	265.20	−0.025%	$25.1M	$74.0M	50x	as long as short
KuCoin BCHUSDTM	−0.0072%	8h	265.36	+0.035%	$8.6M	$7.1M	75x	as long as short
Bitget BCHUSDT	−0.0071%	8h	265.11	−0.059%	$19.1M	$28.1M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0066%	1h	265.62	+0.135%	$445K	$331K	25x	as long as short
Bybit BCHUSDT	−0.0039%	8h	265.15	−0.044%	$39.1M	$30.9M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0031%	1h	265.68	+0.155%	$851K	$3.0M	50x	as long as short
BingX BCH-USDC	−0.0031%	8h	265.18	−0.032%	—	$6.5M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	265.63	+0.137%	$15K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	265.44	+0.066%	$5K	$248	10x	as long as short
Kalshi KXBCHPERPshort	0.0000%	8h	265.70	+0.164%	$1.1M	$10.2M	2.7x
BloFin BCH-USDT	+0.0016%	8h	265.61	+0.130%	$3.9M	$4.2M	50x	as long as short
Pacifica BCHlong	+0.0021%	1h	265.27	long leg	$161K	$321K	10x
ApeX Omni BCHUSDT	+0.0030%	1h	266.30	+0.390%	$97K	$227K	50x	as long as short
Orderly PERP_BCH_USDC	+0.0033%	8h	265.46	+0.073%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.860%	$721	$130K	12x	as long as short
Lighter BCH	+0.0096%	1h	265.29	+0.009%	$363K	$482K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	265.45	+0.069%	$5.7M	$4.7M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	265.58	+0.118%	$168K	$519K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	266.00	+0.275%	$19K	$289K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0357% / S −0.0525%	1h	265.61	+0.131%	$25K	—	100x	as long as short