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: Binance against OKX+0.269%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$990.993% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.130%−$13 on $10k

Price spread, last 4 days (all we have)−0.360%−$36 · spread now +0.269%, 7d avg +0.038%

Together, before fees−0.490%−$49 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: Binance is 0.231% dearer against OKX than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX KMNO-USDT-SWAP	0.03399	0.0100	pay 0.0050% / 4h	2h 48m	$623K	$11.9M	20x
Short	Binance KMNOUSDT	0.03408	0.0100	get 0.0050% / 4h	2h 48m	$3.5M	$32.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.269%Rate

Funding earned: $0
Price spread: +0.269% → +0.038%: $23.07
Slippage, 4 orders: −$79.29
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$76.22
Costs to cover: 0.993%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Binance: live order book, 8 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 OKX live order book, 4 min ago	1.47 bp	24.0 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	2.93 bp	22.4 bp −$22	94.6 bp −$946	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 KMNOUSDTshort	+0.0100%	4h	0.03408	+0.269%	$3.5M	$32.5M	50x
Bybit KMNOUSDT	+0.0100%	4h	0.03404	+0.147%	$1.6M	$4.8M	25x	as long as short
OKX KMNO-USDT-SWAPlong	+0.0100%	4h	0.03399	long leg	$623K	$11.9M	20x
Gate KMNO_USDT	+0.0100%	4h	0.03411	+0.353%	$135K	$369K	50x	as long as short
MEXC KMNO_USDT	+0.0100%	4h	0.03408	+0.265%	$1.0M	$1.1M	125x	as long as short
Bitget KMNOUSDT	+0.0100%	4h	0.03408	+0.265%	$913K	$3.3M	50x	as long as short
BingX KMNO-USDT	+0.0100%	4h	0.03406	+0.206%	—	$1.5M	—	as long as short
Variational Omni KMNO	+0.0100%	4h	0.03401	+0.073%	$27K	$116K	—	as long as short
BloFin KMNO-USDT	+0.0157%	4h	0.03407	+0.235%	$137K	$75K	50x	as long as short
Backpack KMNO_USDC_PERP	+0.0907%	1h	0.03408	+0.279%	$87K	$68K	5x	as long as short