Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h −0.005%

Price spread now: Kalshi against Nado+0.190%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$380.375% of the position

Long on Nado Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 3 days (all we have)−0.215%−$21 · spread now +0.190%, 7d avg +0.012%

Together, before fees−0.216%+ Points / potential airdropNado: Active · farm board−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kalshi is 0.178% dearer against Nado than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado BCH-PERP	268.26	−0.0072	get 0.0009% / 1h	31m 55s	$442K	$396K	10x
Short	Kalshi KXBCHPERP	268.77	0	get 0.0000% / 8h	7h 31m	$1.1M	$11.5M	2.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Nado. 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 NadobpFee KalshibpOrdersPrice spread, now +0.190%Rate

Funding earned: $15.16
Price spread: +0.190% → +0.012%: $17.78
Slippage, 4 orders: −$20.51
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$4.57
Costs to cover: 0.375%
Break-even: 9.1 days

Slippage from Nado: live order book, 16 min ago; Kalshi: 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 Nado live order book, 16 min ago	0.75 bp	7.8 bp −$8	24.1 bp −$241	doesn't fit	doesn't fit
Sell Kalshi live order book, 3 min ago	3.54 bp	14.0 bp −$14	20.8 bp −$208	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	−0.0310%	8h	268.65	+0.145%	$4.9M	$5.9M	50x	as long as short
Injective BCH/USDC PERP	−0.0300%	1h	267.99	−0.101%	$715	$47K	12x	as long as short
SoDEX BCH-USD	−0.0273%	1h	268.55	+0.108%	$2K	$6K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0192%	1h	268.84	+0.218%	$819K	$3.2M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0148%	1h	268.68	+0.158%	$439K	$254K	25x	as long as short
Binance BCHUSDT	−0.0144%	8h	268.41	+0.056%	$74.2M	$227.9M	75x	as long as short
Extended BCH-USD	−0.0144%	1h	268.22	−0.016%	$105K	$642K	25x	as long as short
MEXC BCH_USDT	−0.0144%	8h	268.93	+0.250%	$71.4M	$6.2M	200x	as long as short
GRVT BCH_USDT_Perp	−0.0139%	8h	267.75	−0.189%	$390K	$17K	10x	as long as short
Bybit BCHUSDT	−0.0109%	8h	268.23	−0.011%	$39.6M	$32.0M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BCH_USDT	−0.0092%	8h	268.43	+0.063%	$8.3M	$14.3M	75x	as long as short
Nado BCH-PERPlong	−0.0072%	1h	268.26	long leg	$442K	$396K	10x
Coinbase International BCH-PERP-INTX	−0.0072%	1h	268.78	+0.194%	$232K	$2.0M	50x	as long as short
Variational Omni BCH	−0.0061%	8h	267.65	−0.226%	$76K	$277K	—	as long as short
Bitget BCHUSDT	−0.0057%	8h	268.44	+0.067%	$19.9M	$28.3M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0036%	8h	268.30	+0.015%	$25.1M	$74.2M	50x	as long as short
BingX BCH-USDC	−0.0026%	8h	268.35	+0.034%	—	$6.5M	—	as long as short
BloFin BCH-USDT	−0.0025%	8h	268.44	+0.067%	$4.0M	$4.1M	50x	as long as short
dYdX BCH-USD	0.0000%	1h	268.72	+0.170%	$5K	$248	10x	as long as short
Kalshi KXBCHPERPshort	0.0000%	8h	268.77	+0.190%	$1.1M	$11.5M	2.7x
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	268.72	+0.171%	$4K	—	150x	as long as short
KuCoin BCHUSDTM	+0.0031%	8h	268.49	+0.086%	$8.9M	$8.1M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0033%	8h	268.54	+0.104%	$2K	$176	10x	as long as short
HTX BCH-USDT	+0.0068%	8h	268.49	+0.086%	$782K	$1.6M	75x	as long as short
SunX BCH-USDT	+0.0095%	8h	268.19	−0.026%	$1K	$2.0M	30x	as long as short
Lighter BCH	+0.0096%	1h	268.62	+0.134%	$378K	$578K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	268.73	+0.176%	$5.2M	$3.8M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	268.45	+0.070%	$238K	$670K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.62	+0.134%	$169K	$453K	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	267.69	−0.213%	$21K	$286K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	268.08	−0.067%	$73K	$216K	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0371% / S −0.0574%	1h	268.61	+0.131%	$26K	—	100x	as long as short