Funding arb · Price arb /

KMNO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.041%

Price spread now: Gate against Bybit+0.119%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$269as in the Funding arb table

Net, price: spread back to 7d avg − costs−$270as in the Price arb table

costs, in and out, $10k−$2742.741% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.119%, 7d avg +0.080%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.040% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KMNOUSDT	0.03348	0.0100	pay 0.0050% / 4h	28m 52s	$1.5M	$4.2M	25x
Short	Gate KMNO_USDT	0.03352	0.0100	get 0.0050% / 4h	28m 52s	$137K	$280K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.119%Rate

Funding earned: $0
Price spread: +0.119% → +0.080%: $3.98
Slippage, 4 orders: −$248.13
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$270.15
Costs to cover: 2.741%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 26 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 Bybit live order book, 4 min ago	2.98 bp	53.7 bp −$54	396.5 bp −$3,965	doesn't fit	doesn't fit
Sell Gate live order book, 26 min ago	4.47 bp	72.8 bp −$73	doesn't fit	doesn't fit	doesn't fit

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	0.03351	+0.102%	$3.4M	$27.0M	50x	as long as short
Bybit KMNOUSDTlong	+0.0100%	4h	0.03348	long leg	$1.5M	$4.2M	25x
OKX KMNO-USDT-SWAP	+0.0100%	4h	0.03348	0.000%	$600K	$7.9M	20x	as long as short
Gate KMNO_USDTshort	+0.0100%	4h	0.03352	+0.119%	$137K	$280K	50x
MEXC KMNO_USDT	+0.0100%	4h	0.03350	+0.060%	$975K	$1.0M	125x	as long as short
Bitget KMNOUSDT	+0.0100%	4h	0.03351	+0.090%	$853K	$2.9M	50x	as long as short
BingX KMNO-USDT	+0.0100%	4h	0.03350	+0.060%	—	$1.4M	—	as long as short
Backpack KMNO_USDC_PERP	+0.0100%	1h	0.03354	+0.185%	$85K	$67K	5x	as long as short
Variational Omni KMNO	+0.0100%	4h	0.03351	+0.087%	$27K	$90K	—	as long as short
BloFin KMNO-USDT	+0.0100%	4h	0.03355	+0.209%	$132K	$61K	50x	as long as short