BCH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.35 per $10,000 · paid last 24h +0.008%

Price spread now: Bybit against Kalshi−0.186%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$470.467% of the position

Long on Kalshi Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 7 days+0.066%+$7 · spread now −0.186%, 7d avg −0.046%

Together, before fees+0.143%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.140% cheaper against Kalshi than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.046%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.078%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXBCHPERP	269.47	0	get 0.0000% / 8h	3h 31m	$1.1M	$10.8M	2.7x
Short	Bybit BCHUSDT	268.97	−0.0035	pay 0.0035% / 8h	7h 31m	$39.8M	$32.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Kalshi. 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 KalshibpFee BybitbpOrdersPrice spread, now −0.186%Rate

Funding earned: −$7.37
Price spread: −0.186% → −0.046%: −$13.97
Slippage, 4 orders: −$25.68
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$68.02
Costs to cover: 0.467%
Break-even: never at this rate

Slippage from Kalshi: live order book, 3 min ago; Bybit: live order book, 3 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	6.86 bp	16.0 bp −$16	20.8 bp −$208	53.6 bp −$5,359	doesn't fit
Sell Bybit live order book, 3 min ago	1.86 bp	10.9 bp −$11	22.8 bp −$228	71.2 bp −$7,123	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	−0.0745%	8h	268.90	−0.212%	$4.9M	$6.5M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0559%	1h	269.15	−0.120%	$455K	$266K	25x	as long as short
SoDEX BCH-USD	−0.0521%	1h	268.95	−0.193%	$2K	$6K	10x	as long as short
GRVT BCH_USDT_Perp	−0.0180%	8h	268.67	−0.298%	$391K	$17K	10x	as long as short
Variational Omni BCH	−0.0127%	8h	269.01	−0.171%	$82K	$285K	—	as long as short
HTX BCH-USDT	−0.0113%	8h	269.08	−0.145%	$782K	$1.6M	75x	as long as short
ApeX Omni BCHUSDT	−0.0107%	1h	269.29	−0.067%	$73K	$214K	50x	as long as short
Gate BCH_USDT	−0.0098%	8h	269.27	−0.074%	$8.5M	$14.2M	75x	as long as short
Extended BCH-USD	−0.0056%	1h	268.89	−0.214%	$117K	$1.1M	25x	as long as short
Coinbase International BCH-PERP-INTX	−0.0056%	1h	268.58	−0.330%	$227K	$2.1M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BCHUSDT	−0.0056%	8h	268.96	−0.190%	$72.9M	$230.2M	75x	as long as short
MEXC BCH_USDT	−0.0054%	8h	269.49	+0.007%	$70.6M	$6.6M	200x	as long as short
Kraken Futures PF_BCHUSD	−0.0049%	1h	269.17	−0.112%	$858K	$3.1M	50x	as long as short
Bybit BCHUSDTshort	−0.0035%	8h	268.97	−0.186%	$39.8M	$32.6M	75x
Bitget BCHUSDT	−0.0010%	8h	269.11	−0.134%	$19.3M	$29.3M	75x	as long as short
dYdX BCH-USD	0.0000%	1h	269.30	−0.062%	$5K	$248	10x	as long as short
Kalshi KXBCHPERPlong	0.0000%	8h	269.47	long leg	$1.1M	$10.8M	2.7x
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	269.35	−0.045%	$4K	—	150x	as long as short
Nado BCH-PERP	+0.0006%	1h	269.00	−0.176%	$441K	$420K	10x	as long as short
OKX BCH-USDT-SWAP	+0.0020%	8h	268.70	−0.286%	$26.1M	$77.0M	50x	as long as short
BingX BCH-USDC	+0.0020%	8h	269.15	−0.119%	—	$6.5M	—	as long as short
Orderly PERP_BCH_USDC	+0.0030%	8h	269.05	−0.156%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.271%	$721	$130K	12x	as long as short
BloFin BCH-USDT	+0.0064%	8h	268.85	−0.230%	$3.9M	$4.3M	50x	as long as short
Lighter BCH	+0.0096%	1h	269.04	−0.161%	$370K	$530K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.53	+0.022%	$6.0M	$4.4M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	269.32	−0.057%	$178K	$666K	75x	as long as short
Pacifica BCH	+0.0100%	1h	269.19	−0.103%	$164K	$407K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	269.26	−0.078%	$9.0M	$7.6M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.60	−0.323%	$19K	$291K	20x	as long as short
SunX BCH-USDT	+0.0100%	8h	269.02	−0.167%	$2K	$1.9M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0334% / S −0.0451%	1h	269.30	−0.064%	$25K	—	100x	as long as short