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

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

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

Long on Kraken Futures Short on Kalshi

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 for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kalshi is 0.080% dearer against Kraken Futures than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BCHUSD	269.12	−0.0157	get 0.0020% / 1h	17m 19s	$896K	$2.7M	50x
Short	Kalshi KXBCHPERP	269.20	0	get 0.0000% / 8h	3h 17m	$1.0M	$9.2M	2.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Kraken Futures. 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 Kraken FuturesbpFee KalshibpOrdersPrice spread, now +0.031%Rate

Funding earned: $32.97
Price spread: +0.031% → −0.049%: $7.97
Slippage, 4 orders: −$36.34
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$15.41
Costs to cover: 0.563%
Break-even: 10.3 days

Slippage from Kraken Futures: live order book, 1 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 Kraken Futures live order book, 1 min ago	4.65 bp	17.8 bp −$18	24.7 bp −$247	doesn't fit	doesn't fit
Sell Kalshi live order book, 2 min ago	4.09 bp	9.1 bp −$9	16.8 bp −$168	471.9 bp −$47.2K	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	−0.066%	$5.0M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0392%	1h	268.90	−0.080%	$2K	$8K	10x	as long as short
Kraken Futures PF_BCHUSDlong	−0.0157%	1h	269.12	long leg	$896K	$2.7M	50x
Variational Omni BCH	−0.0120%	8h	268.41	−0.262%	$149K	$259K	—	as long as short
GRVT BCH_USDT_Perp	−0.0114%	8h	268.52	−0.220%	$392K	$17K	10x	as long as short
OKX BCH-USDT-SWAP	−0.0101%	8h	268.60	−0.192%	$25.4M	$78.0M	50x	as long as short
Bitget BCHUSDT	−0.0063%	8h	268.56	−0.207%	$19.1M	$27.5M	75x	as long as short
MEXC BCH_USDT	−0.0058%	8h	269.14	+0.009%	$72.1M	$9.4M	200x	as long as short
Binance BCHUSDT	−0.0058%	8h	268.67	−0.166%	$73.6M	$213.5M	75x	as long as short
Extended BCH-USD	−0.0056%	1h	268.61	−0.188%	$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	268.86	−0.095%	$8.6M	$6.1M	75x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0029%	1h	268.99	−0.046%	$423K	$358K	25x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	268.95	−0.061%	$15K	—	150x	as long as short
Pacifica BCH	−0.0002%	1h	268.71	−0.152%	$156K	$293K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	268.93	−0.067%	$5K	$240	10x	as long as short
Kalshi KXBCHPERPshort	0.0000%	8h	269.20	+0.031%	$1.0M	$9.2M	2.7x
Aster BCHUSDT	+0.0013%	8h	268.66	−0.168%	$146K	$553K	75x	as long as short
Gate BCH_USDT	+0.0017%	8h	268.84	−0.103%	$8.4M	$13.2M	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+0.403%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0044%	8h	268.77	−0.129%	$2K	—	10x	as long as short
Nado BCH-PERP	+0.0052%	1h	268.48	−0.237%	$459K	$391K	10x	as long as short
BloFin BCH-USDT	+0.0062%	8h	268.52	−0.222%	$3.5M	$5.2M	50x	as long as short
BingX BCH-USDT	+0.0081%	8h	268.69	−0.158%	—	$15.1M	—	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	269.21	+0.035%	$346K	$2.1M	50x	as long as short
Bybit BCHUSDT	+0.0095%	8h	268.70	−0.155%	$40.0M	$32.2M	75x	as long as short
Lighter BCH	+0.0096%	1h	268.83	−0.106%	$380K	$498K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.86	−0.095%	$5.9M	$4.7M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.51	−0.226%	$19K	$346K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.65	−0.173%	$97K	$242K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.57	−0.203%	$2K	$1.6M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	268.65	−0.173%	$778K	$1.4M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0210% / S −0.0163%	1h	268.95	−0.060%	$13K	—	100x	as long as short