Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h −0.010%

Price spread now: Kalshi against Coinbase International+0.082%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$550.549% of the position

Long on Coinbase International Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now +0.082%, 7d avg −0.040%

Together, before fees−0.069%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kalshi is 0.122% dearer against Coinbase International than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.040%. Mind the row above: over the last 7 days funding on this pair cost −0.073%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BCH-PERP-INTX	269.29	−0.0056	get 0.0007% / 1h	27m 08s	$228K	$2.0M	50x
Short	Kalshi KXBCHPERP	269.51	0	get 0.0000% / 8h	3h 27m	$1.1M	$10.8M	2.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Coinbase International. 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 Coinbase InternationalbpFee KalshibpOrdersPrice spread, now +0.082%Rate

Funding earned: $11.76
Price spread: +0.082% → −0.040%: $12.22
Slippage, 4 orders: −$34.9
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$30.92
Costs to cover: 0.549%
Break-even: 25.4 days

Slippage from Coinbase International: live order book, 2 min ago; Kalshi: live order book, 2 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 Coinbase International live order book, 2 min ago	6.32 bp	14.3 bp −$14	20.9 bp −$209	doesn't fit	doesn't fit
Sell Kalshi live order book, 2 min ago	1.85 bp	6.9 bp −$7	16.6 bp −$166	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
Phemex BCHUSDT	−0.0645%	8h	269.14	−0.056%	$4.9M	$6.5M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0552%	1h	269.21	−0.030%	$455K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0550%	1h	269.04	−0.093%	$2K	$6K	10x	as long as short
Gate BCH_USDT	−0.0163%	8h	269.09	−0.074%	$8.5M	$14.2M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0157%	8h	269.17	−0.045%	$392K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0142%	1h	268.85	−0.163%	$73K	$214K	50x	as long as short
Variational Omni BCH	−0.0127%	8h	269.01	−0.105%	$82K	$285K	—	as long as short
Extended BCH-USD	−0.0064%	1h	268.99	−0.111%	$117K	$1.1M	25x	as long as short
Binance BCHUSDT	−0.0060%	8h	269.00	−0.108%	$72.9M	$229.6M	75x	as long as short
MEXC BCH_USDT	−0.0059%	8h	269.49	+0.074%	$70.6M	$6.6M	200x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTXlong	−0.0056%	1h	269.29	long leg	$228K	$2.0M	50x
Bybit BCHUSDT	−0.0056%	8h	269.03	−0.097%	$39.8M	$32.5M	75x	as long as short
HTX BCH-USDT	−0.0053%	8h	268.98	−0.115%	$781K	$1.6M	75x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	269.25	−0.013%	$857K	$3.1M	50x	as long as short
Bitget BCHUSDT	−0.0016%	8h	268.96	−0.123%	$19.3M	$29.2M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	269.34	+0.020%	$5K	$248	10x	as long as short
Kalshi KXBCHPERPshort	0.0000%	8h	269.51	+0.082%	$1.1M	$10.8M	2.7x
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	269.35	+0.022%	$4K	—	150x	as long as short
Nado BCH-PERP	+0.0012%	1h	268.97	−0.118%	$440K	$420K	10x	as long as short
OKX BCH-USDT-SWAP	+0.0014%	8h	268.90	−0.145%	$26.1M	$76.6M	50x	as long as short
BingX BCH-USDT	+0.0024%	8h	269.01	−0.104%	—	$31.5M	—	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	269.08	−0.078%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.338%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0060%	8h	269.04	−0.093%	$3.9M	$4.2M	50x	as long as short
Lighter BCH	+0.0096%	1h	269.11	−0.067%	$371K	$530K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.34	+0.019%	$6.0M	$4.4M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	269.10	−0.069%	$178K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	269.05	−0.089%	$164K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	269.04	−0.093%	$8.6M	$7.5M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.77	−0.193%	$19K	$290K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.86	−0.160%	$2K	$1.9M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0334% / S −0.0451%	1h	269.30	+0.002%	$25K	—	100x	as long as short