Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Kalshi against edgeX−0.161%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$530.527% of the position

Long on edgeX Short on Kalshi

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)+0.200%+$20 · spread now −0.161%, 7d avg +0.020%

Together, before fees−0.010%+ Points / potential airdropedgeX: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kalshi is 0.180% cheaper against edgeX than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.020%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BCHUSDC	269.17	0.0100	pay 0.0050% / 4h	3h 05m	$19K	$291K	20x
Short	Kalshi KXBCHPERP	268.74	0	get 0.0000% / 8h	3h 05m	$1.1M	$11.0M	2.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against edgeX. 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 edgeXbpFee KalshibpOrdersPrice spread, now −0.161%Rate

Funding earned: −$21
Price spread: −0.161% → +0.020%: −$18.05
Slippage, 4 orders: −$33.66
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$91.71
Costs to cover: 0.527%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; Kalshi: live order book, 4 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 edgeX live order book, 3 min ago	7.43 bp	12.1 bp −$12	15.5 bp −$155	doesn't fit	doesn't fit
Sell Kalshi live order book, 4 min ago	6.68 bp	16.9 bp −$17	23.0 bp −$230	56.1 bp −$5,610	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
Deribit BCH_USDC-PERPETUAL	−0.0625%	1h	268.25	−0.341%	$453K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0550%	1h	268.17	−0.372%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0447%	8h	268.15	−0.380%	$4.9M	$6.5M	50x	as long as short
Gate BCH_USDT	−0.0189%	8h	268.18	−0.369%	$8.4M	$14.3M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0187%	8h	269.71	+0.201%	$393K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0170%	1h	269.64	+0.174%	$73K	$214K	50x	as long as short
Variational Omni BCH	−0.0122%	8h	268.20	−0.361%	$82K	$285K	—	as long as short
Extended BCH-USD	−0.0080%	1h	268.09	−0.402%	$117K	$961K	25x	as long as short
Binance BCHUSDT	−0.0076%	8h	268.13	−0.386%	$72.6M	$230.0M	75x	as long as short
MEXC BCH_USDT	−0.0073%	8h	268.78	−0.146%	$70.5M	$6.7M	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-INTX	−0.0056%	1h	268.33	−0.313%	$237K	$2.0M	50x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	268.45	−0.268%	$867K	$3.1M	50x	as long as short
Bybit BCHUSDT	−0.0045%	8h	268.16	−0.376%	$39.7M	$32.6M	75x	as long as short
Bitget BCHUSDT	−0.0027%	8h	268.15	−0.380%	$19.5M	$29.5M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0010%	8h	268.10	−0.398%	$26.1M	$76.2M	50x	as long as short
BingX BCH-USDC	−0.0004%	8h	268.21	−0.358%	—	$6.5M	—	as long as short
gTrade (Gains Network) BCH/USD	L −0.0003% / S +0.0007%	1h	268.35	−0.305%	$7K	—	150x	as long as short
dYdX BCH-USD	0.0000%	1h	268.45	−0.269%	$5K	$248	10x	as long as short
Kalshi KXBCHPERPshort	0.0000%	8h	268.74	−0.161%	$1.1M	$11.0M	2.7x
Orderly PERP_BCH_USDC	+0.0030%	8h	268.15	−0.380%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.382%	$721	$130K	12x	as long as short
Nado BCH-PERP	+0.0043%	1h	268.25	−0.343%	$439K	$421K	10x	as long as short
BloFin BCH-USDT	+0.0047%	8h	269.22	+0.018%	$4.0M	$4.3M	50x	as long as short
Lighter BCH	+0.0096%	1h	268.30	−0.325%	$369K	$530K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.52	−0.242%	$6.6M	$4.6M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.17	−0.373%	$177K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.38	−0.294%	$163K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	268.21	−0.358%	$8.8M	$7.6M	75x	as long as short
edgeX BCHUSDClong	+0.0100%	4h	269.17	long leg	$19K	$291K	20x
SunX BCH-USDT	+0.0100%	8h	267.99	−0.439%	$2K	$1.9M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.20	−0.361%	$779K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0334% / S −0.0451%	1h	268.32	−0.316%	$25K	—	100x	as long as short