Funding you earn now, next payment 00:00 UTC+0.0048%/8h= +5.2% APRnext payment +$0.48 per $10,000 · paid last 24h +0.060%
Price spread now: BloFin against Kalshi−0.174%61s7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$460.459% of the position
Funding, last 7 days+0.284%+$28 on $10k
+Price spread, last 3 days (all we have)+0.172%+$17 · spread now −0.174%, 7d avg +0.004%
=Funding pays, the price is against you. BloFin is 0.177% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.174% now, against its 7-day average of +0.004%). If the spread goes back, that is −$18 on $10k: about 12 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.284% in total) that is about 4.4 days. The two prices were read 61 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 | 270.79 | 0 | get 0.0000% / 8h | 5h 46m | $1.1M | $11.6M | 2.7x |
| Short | BloFin BCH-USDT | 270.32 | 0.0048 | get 0.0048% / 8h | 1h 46m | $4.0M | $4.1M | 50x |
Kalshi KXBCHPERP
BloFin BCH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Kalshi. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.03
- Price spread: −0.174% → +0.004%
- −$17.71
- Slippage, 4 orders
- −$23.87
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$53.56
- Costs to cover
- 0.459%
- Break-even
- 44.4 days
Slippage from Kalshi: live order book, 3 min ago; BloFin: 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 Kalshi live order book, 3 min ago | 7.95 bp | 12.9 bp −$13 | 20.5 bp −$205 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 0.19 bp | 10.8 bp −$11 | 21.9 bp −$219 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit BCH_USDC-PERPETUAL | −0.0260% | 1h | 270.65 | −0.052% | $459K | $265K | 25x | as long as short |
| Phemex BCHUSDT | −0.0209% | 8h | 270.58 | −0.078% | $4.9M | $6.3M | 50x | as long as short |
| Injective BCH/USDC PERP | −0.0154% | 1h | 270.20 | −0.218% | $721 | $130K | 12x | as long as short |
| Extended BCH-USD | −0.0072% | 1h | 270.51 | −0.103% | $116K | $653K | 25x | as long as short |
| MEXC BCH_USDT | −0.0072% | 8h | 271.09 | +0.111% | $71.7M | $6.3M | 200x | as long as short |
| Variational Omni BCH | −0.0071% | 8h | 269.63 | −0.429% | $86K | $291K | — | as long as short |
| Binance BCHUSDT | −0.0070% | 8h | 270.57 | −0.081% | $75.3M | $232.1M | 75x | as long as short |
| SoDEX BCH-USD | −0.0061% | 1h | 270.55 | −0.089% | $2K | $6K | 10x | as long as short |
| Bitget BCHUSDT | −0.0017% | 8h | 270.46 | −0.122% | $20.1M | $29.0M | 75x | as long as short |
| Gate BCH_USDT | −0.0013% | 8h | 270.46 | −0.122% | $8.4M | $14.7M | 75x | as long as short |
Deribit BCH_USDC-PERPETUAL
Phemex BCHUSDT
Injective BCH/USDC PERP
Extended BCH-USD
MEXC BCH_USDT
Variational Omni BCH
Binance BCHUSDT
SoDEX BCH-USD
Bitget BCHUSDT
Gate BCH_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BCH_USDT_Perp | −0.0001% | 8h | 269.74 | −0.388% | $393K | $17K | 10x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 270.51 | −0.102% | $5K | $248 | 10x | as long as short |
| Bybit BCHUSDT | 0.0000% | 8h | 270.50 | −0.107% | $39.8M | $32.6M | 75x | as long as short |
| Kalshi KXBCHPERPlong | 0.0000% | 8h | 270.79 | long leg | $1.1M | $11.6M | 2.7x | |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 270.56 | −0.086% | $4K | — | 150x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0016% | 1h | 270.66 | −0.048% | $233K | $2.1M | 50x | as long as short |
| Orderly PERP_BCH_USDC | +0.0026% | 8h | 270.55 | −0.089% | $2K | $176 | 10x | as long as short |
| BingX BCH-USDC | +0.0045% | 8h | 270.57 | −0.081% | — | $6.5M | — | as long as short |
| BloFin BCH-USDTshort | +0.0048% | 8h | 270.32 | −0.174% | $4.0M | $4.1M | 50x | |
| Nado BCH-PERP | +0.0049% | 1h | 270.36 | −0.158% | $443K | $427K | 10x | as long as short |
| OKX BCH-USDT-SWAP | +0.0054% | 8h | 270.50 | −0.107% | $26.2M | $77.4M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 270.64 | −0.055% | $379K | $583K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 270.75 | −0.015% | $6.1M | $4.2M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 270.59 | −0.072% | $220K | $700K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 270.41 | −0.141% | $164K | $468K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 270.46 | −0.122% | $8.9M | $8.0M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 269.81 | −0.362% | $19K | $289K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 270.08 | −0.262% | $73K | $214K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 270.33 | −0.170% | $1K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 270.25 | −0.199% | $787K | $1.7M | 75x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0112% | 1h | 270.80 | +0.005% | $809K | $3.2M | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0341% / S −0.0467% | 1h | 270.67 | −0.045% | $26K | — | 100x | as long as short |
GRVT BCH_USDT_Perp
dYdX BCH-USD
Bybit BCHUSDT
gTrade (Gains Network) BCH/USD
Coinbase International BCH-PERP-INTX
Orderly PERP_BCH_USDC
BingX BCH-USDC
Nado BCH-PERP
OKX BCH-USDT-SWAP
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
Kraken Futures PF_BCHUSD
GMX BCH/USD [WBTC.b-USDC]