Funding you earn now, next payment 00:00 UTC−0.0026%/8h= −2.9% APRnext payment −$0.26 per $10,000 · paid last 24h −0.022%
Price spread now: Kalshi against Orderly+0.234%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Kalshi is 0.234% dearer against Orderly than usual: you sell high and buy low (spread +0.234% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 30 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BCH_USDC | 269.80 | 0.0026 | pay 0.0026% / 8h | 1h 49m | $2K | $176 | 10x |
| Short | Kalshi KXBCHPERP | 270.43 | 0 | get 0.0000% / 8h | 5h 49m | $1.1M | $11.5M | 2.7x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Orderly. 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
- −$5.5
- Price spread: +0.234% → 0.000%
- $23.35
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- $1.85
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Kalshi: live order book, 4 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Kalshi live order book, 4 min ago | 7.76 bp | 12.8 bp −$13 | 19.4 bp −$194 | 58.3 bp −$5,832 | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0572% | 1h | 269.96 | +0.061% | $458K | $263K | 25x | as long as short |
| Phemex BCHUSDT | −0.0209% | 8h | 269.97 | +0.063% | $4.9M | $6.3M | 50x | as long as short |
| Injective BCH/USDC PERP | −0.0154% | 1h | 270.20 | +0.148% | $721 | $130K | 12x | as long as short |
| Extended BCH-USD | −0.0080% | 1h | 269.85 | +0.020% | $116K | $653K | 25x | as long as short |
| Binance BCHUSDT | −0.0077% | 8h | 269.99 | +0.070% | $75.2M | $231.9M | 75x | as long as short |
| MEXC BCH_USDT | −0.0076% | 8h | 270.69 | +0.330% | $71.6M | $6.3M | 200x | as long as short |
| Variational Omni BCH | −0.0071% | 8h | 269.63 | −0.064% | $86K | $291K | — | as long as short |
| SoDEX BCH-USD | −0.0044% | 1h | 269.87 | +0.026% | $2K | $6K | 10x | as long as short |
| Bitget BCHUSDT | −0.0021% | 8h | 270.05 | +0.093% | $20.0M | $29.0M | 75x | as long as short |
| Gate BCH_USDT | −0.0016% | 8h | 269.95 | +0.056% | $8.4M | $14.7M | 75x | as long as short |
Show 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 | −0.022% | $393K | $17K | 10x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 270.03 | +0.085% | $5K | $248 | 10x | as long as short |
| Bybit BCHUSDT | 0.0000% | 8h | 269.82 | +0.007% | $39.7M | $32.6M | 75x | as long as short |
| Kalshi KXBCHPERPshort | 0.0000% | 8h | 270.43 | +0.234% | $1.1M | $11.5M | 2.7x | |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 270.14 | +0.126% | $4K | — | 150x | as long as short |
| Coinbase International BCH-PERP-INTX | +0.0016% | 1h | 269.84 | +0.015% | $232K | $2.1M | 50x | as long as short |
| Orderly PERP_BCH_USDClong | +0.0026% | 8h | 269.80 | long leg | $2K | $176 | 10x | |
| Nado BCH-PERP | +0.0037% | 1h | 269.85 | +0.018% | $443K | $427K | 10x | as long as short |
| BloFin BCH-USDT | +0.0043% | 8h | 269.71 | −0.033% | $4.0M | $4.1M | 50x | as long as short |
| BingX BCH-USDT | +0.0044% | 8h | 269.96 | +0.059% | — | $32.0M | — | as long as short |
| OKX BCH-USDT-SWAP | +0.0047% | 8h | 270.00 | +0.074% | $26.1M | $77.3M | 50x | as long as short |
| Lighter BCH | +0.0096% | 1h | 270.02 | +0.083% | $379K | $583K | 10x | as long as short |
| Hyperliquid BCH | +0.0100% | 1h | 270.34 | +0.200% | $6.1M | $4.2M | 10x | as long as short |
| Aster BCHUSDT | +0.0100% | 8h | 269.89 | +0.033% | $220K | $700K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 269.99 | +0.070% | $164K | $468K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 269.98 | +0.067% | $8.9M | $8.0M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 269.81 | +0.003% | $19K | $289K | 20x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 269.73 | −0.026% | $2K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 269.84 | +0.015% | $786K | $1.7M | 75x | as long as short |
| Kraken Futures PF_BCHUSD | +0.0113% | 1h | 270.12 | +0.120% | $807K | $3.2M | 50x | as long as short |
| ApeX Omni BCHUSDT | +0.0341% | 1h | 270.36 | +0.208% | $73K | $214K | 50x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0341% / S −0.0467% | 1h | 270.24 | +0.163% | $26K | — | 100x | as long as short |
Kalshi KXBCHPERP
Deribit BCH_USDC-PERPETUAL
Phemex BCHUSDT
Injective BCH/USDC PERP
Extended BCH-USD
Binance BCHUSDT
MEXC BCH_USDT
Variational Omni BCH
SoDEX BCH-USD
Bitget BCHUSDT
Gate BCH_USDT
GRVT BCH_USDT_Perp
Bybit BCHUSDT
gTrade (Gains Network) BCH/USD
Coinbase International BCH-PERP-INTX
BloFin BCH-USDT
BingX BCH-USDT
OKX BCH-USDT-SWAP
Lighter BCH
Hyperliquid BCH
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
SunX BCH-USDT
HTX BCH-USDT
Kraken Futures PF_BCHUSD
ApeX Omni BCHUSDT
GMX BCH/USD [WBTC.b-USDC]