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 −0.008%

Price spread now: OKX against Gate0.000%7-day average −0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$234as in the Funding arb table

Net, price: spread back to 7d avg − costs−$229as in the Price arb table

costs, in and out, $10k−$2362.364% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now 0.000%, 7d avg −0.073%

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: OKX is 0.073% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate KMNO_USDT	0.03401	0.0100	pay 0.0050% / 4h	3h 39m	$135K	$394K	50x
Short	OKX KMNO-USDT-SWAP	0.03401	0.0100	get 0.0050% / 4h	3h 39m	$644K	$12.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.073%: $7.25
Slippage, 4 orders: −$211.36
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$229.11
Costs to cover: 2.364%
Break-even: never at this rate

Slippage from Gate: live order book, 31 min ago; OKX: live order book, 4 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, 31 min ago	5.85 bp	88.9 bp −$89	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	2.94 bp	27.8 bp −$28	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	0.03401	+0.001%	$3.5M	$32.9M	50x	as long as short
Bybit KMNOUSDT	+0.0100%	4h	0.03400	−0.029%	$1.6M	$4.9M	25x	as long as short
OKX KMNO-USDT-SWAPshort	+0.0100%	4h	0.03401	0.000%	$644K	$12.2M	20x
Gate KMNO_USDTlong	+0.0100%	4h	0.03401	long leg	$135K	$394K	50x
MEXC KMNO_USDT	+0.0100%	4h	0.03402	+0.029%	$1.0M	$1.1M	125x	as long as short
Bitget KMNOUSDT	+0.0100%	4h	0.03401	0.000%	$899K	$3.4M	50x	as long as short
BingX KMNO-USDT	+0.0100%	4h	0.03401	0.000%	—	$1.5M	—	as long as short
Variational Omni KMNO	+0.0100%	4h	0.03393	−0.236%	$27K	$116K	—	as long as short
BloFin KMNO-USDT	+0.0138%	4h	0.03389	−0.353%	$134K	$75K	50x	as long as short
Backpack KMNO_USDC_PERP	+0.1756%	1h	0.03407	+0.165%	$79K	$57K	5x	as long as short