Funding arb · Price arb /

KMNO

all KMNO markets

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 −0.042%

Price spread now: Bybit against Gate−0.146%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$272as in the Funding arb table

Net, price: spread back to 7d avg − costs−$274as in the Price arb table

costs, in and out, $10k−$2672.673% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.146%, 7d avg −0.078%

Together, before fees−0.054%−$5 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: Bybit is 0.068% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate KMNO_USDT	0.03423	0.0100	pay 0.0050% / 4h	2h 55m	$136K	$368K	50x
Short	Bybit KMNOUSDT	0.03418	0.0100	get 0.0050% / 4h	2h 55m	$1.6M	$4.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now −0.146%Rate

Funding earned: $0
Price spread: −0.146% → −0.078%: −$6.82
Slippage, 4 orders: −$241.32
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$274.13
Costs to cover: 2.673%
Break-even: never at this rate

Slippage from Gate: live order book, 10 min ago; Bybit: 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 Gate live order book, 10 min ago	7.23 bp	88.8 bp −$89	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.46 bp	53.3 bp −$53	292.0 bp −$2,920	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	0.03419	−0.114%	$3.5M	$32.5M	50x	as long as short
Bybit KMNOUSDTshort	+0.0100%	4h	0.03418	−0.146%	$1.6M	$4.8M	25x
OKX KMNO-USDT-SWAP	+0.0100%	4h	0.03416	−0.204%	$643K	$12.0M	20x	as long as short
Gate KMNO_USDTlong	+0.0100%	4h	0.03423	long leg	$136K	$368K	50x
MEXC KMNO_USDT	+0.0100%	4h	0.03419	−0.117%	$1.0M	$1.1M	125x	as long as short
Bitget KMNOUSDT	+0.0100%	4h	0.03423	0.000%	$915K	$3.3M	50x	as long as short
BingX KMNO-USDT	+0.0100%	4h	0.03420	−0.088%	—	$1.5M	—	as long as short
Variational Omni KMNO	+0.0100%	4h	0.03414	−0.249%	$28K	$116K	—	as long as short
BloFin KMNO-USDT	+0.0103%	4h	0.03432	+0.263%	$136K	$75K	50x	as long as short
Backpack KMNO_USDC_PERP	+0.1671%	1h	0.03425	+0.056%	$80K	$58K	5x	as long as short