Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0157%/8h= −17.2% APRpaid last 24h −0.017%

Price spread now: Kraken Futures against Kalshi−0.031%7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$560.563% of the position

Long on Kalshi Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)−0.226%−$23 · spread now −0.031%, 7d avg +0.049%

Together, before fees−0.268%−$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.080% cheaper against Kalshi than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.049%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXBCHPERP	269.20	0	get 0.0000% / 8h	3h 17m	$1.0M	$9.2M	2.7x
Short	Kraken Futures PF_BCHUSD	269.12	−0.0157	pay 0.0020% / 1h	17m 36s	$896K	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$32.97
Price spread: −0.031% → +0.049%: −$7.96
Slippage, 4 orders: −$36.34
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$97.27
Costs to cover: 0.563%
Break-even: never at this rate

Slippage from Kalshi: live order book, 1 min ago; Kraken Futures: 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 Kalshi live order book, 1 min ago	4.09 bp	13.3 bp −$13	20.5 bp −$205	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	4.65 bp	16.1 bp −$16	25.0 bp −$250	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	−0.0441%	8h	268.94	−0.097%	$5.0M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0392%	1h	268.90	−0.111%	$2K	$8K	10x	as long as short
Kraken Futures PF_BCHUSDshort	−0.0157%	1h	269.12	−0.031%	$896K	$2.7M	50x
Variational Omni BCH	−0.0120%	8h	268.41	−0.293%	$149K	$259K	—	as long as short
GRVT BCH_USDT_Perp	−0.0114%	8h	268.52	−0.251%	$392K	$17K	10x	as long as short
OKX BCH-USDT-SWAP	−0.0101%	8h	268.40	−0.297%	$25.4M	$78.0M	50x	as long as short
Bitget BCHUSDT	−0.0063%	8h	268.70	−0.186%	$19.2M	$27.5M	75x	as long as short
MEXC BCH_USDT	−0.0058%	8h	269.35	+0.056%	$72.2M	$9.4M	200x	as long as short
Binance BCHUSDT	−0.0058%	8h	268.68	−0.193%	$73.6M	$213.5M	75x	as long as short
Extended BCH-USD	−0.0056%	1h	268.61	−0.219%	$118K	$918K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BCHUSDTM	−0.0052%	8h	269.01	−0.071%	$8.6M	$6.1M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0029%	1h	268.99	−0.077%	$423K	$358K	25x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	268.95	−0.092%	$15K	—	150x	as long as short
Pacifica BCH	−0.0002%	1h	268.71	−0.183%	$156K	$293K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	268.93	−0.099%	$5K	$240	10x	as long as short
Kalshi KXBCHPERPlong	0.0000%	8h	269.20	long leg	$1.0M	$9.2M	2.7x
Aster BCHUSDT	+0.0013%	8h	268.73	−0.174%	$146K	$553K	75x	as long as short
Gate BCH_USDT	+0.0017%	8h	268.85	−0.130%	$8.4M	$13.2M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.371%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0044%	8h	268.90	−0.111%	$2K	—	10x	as long as short
Nado BCH-PERP	+0.0051%	1h	268.58	−0.231%	$459K	$391K	10x	as long as short
BloFin BCH-USDT	+0.0062%	8h	268.52	−0.253%	$3.5M	$5.2M	50x	as long as short
BingX BCH-USDT	+0.0064%	8h	268.75	−0.167%	—	$15.1M	—	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	269.21	+0.004%	$346K	$2.1M	50x	as long as short
Bybit BCHUSDT	+0.0095%	8h	268.60	−0.223%	$40.0M	$32.1M	75x	as long as short
Lighter BCH	+0.0096%	1h	268.83	−0.137%	$380K	$498K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.02	−0.067%	$5.9M	$4.7M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.51	−0.257%	$19K	$346K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.65	−0.204%	$97K	$242K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.57	−0.234%	$2K	$1.6M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.65	−0.204%	$778K	$1.4M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0210% / S −0.0163%	1h	268.95	−0.091%	$13K	—	100x	as long as short