Funding you earn now, next payment 04:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.10 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against BloFin−0.178%111s7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$830.835% of the position
Funding, last 7 days+0.169%+$17 on $10k
+Price spread, last 4 days (all we have)+0.249%+$25 · spread now −0.178%, 7d avg +0.007%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.185% cheaper against BloFin than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.007%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.169%, so the current rate has only just turned against you. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin KMNO-USDT | 0.03374 | 0.0120 | pay 0.0060% / 4h | 1h 13m | $133K | $72K | 50x |
| Short | BingX KMNO-USDT | 0.03368 | 0.0100 | get 0.0050% / 4h | 1h 13m | — | $1.5M | — |
BloFin KMNO-USDT
BingX KMNO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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
- −$4.27
- Price spread: −0.178% → +0.007%
- −$18.46
- Slippage, 4 orders
- −$61.48
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$106.22
- Costs to cover
- 0.835%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 23 min ago; BingX: live order book, 9 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 BloFin live order book, 23 min ago | 8.96 bp | 18.2 bp −$18 | 52.5 bp −$525 | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 4.47 bp | 23.4 bp −$23 | 87.5 bp −$875 | 600.7 bp −$60.1K | 1028.2 bp −$514.1K |
KMNO on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance KMNOUSDT | +0.0100% | 4h | 0.03368 | −0.177% | $3.4M | $30.9M | 50x | as long as short |
| Bybit KMNOUSDT | +0.0100% | 4h | 0.03364 | −0.296% | $1.5M | $4.7M | 25x | as long as short |
| OKX KMNO-USDT-SWAP | +0.0100% | 4h | 0.03362 | −0.356% | $604K | $10.6M | 20x | as long as short |
| Gate KMNO_USDT | +0.0100% | 4h | 0.03370 | −0.119% | $137K | $359K | 50x | as long as short |
| MEXC KMNO_USDT | +0.0100% | 4h | 0.03369 | −0.148% | $991K | $1.1M | 125x | as long as short |
| Bitget KMNOUSDT | +0.0100% | 4h | 0.03366 | −0.237% | $859K | $3.3M | 50x | as long as short |
| BingX KMNO-USDTshort | +0.0100% | 4h | 0.03368 | −0.178% | — | $1.5M | — | |
| Backpack KMNO_USDC_PERP | +0.0100% | 1h | 0.03371 | −0.077% | $85K | $68K | 5x | as long as short |
| Variational Omni KMNO | +0.0100% | 4h | 0.03369 | −0.153% | $27K | $98K | — | as long as short |
| BloFin KMNO-USDTlong | +0.0120% | 4h | 0.03374 | long leg | $133K | $72K | 50x |
Binance KMNOUSDT
Bybit KMNOUSDT
OKX KMNO-USDT-SWAP
Gate KMNO_USDT
MEXC KMNO_USDT
Bitget KMNOUSDT
Backpack KMNO_USDC_PERP
Variational Omni KMNO