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: BingX against OKX−0.030%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1051.051% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 7 days+0.057%+$6 · spread now −0.030%, 7d avg +0.009%

Together, before fees+0.100%+$10 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: BingX is 0.039% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX KMNO-USDT-SWAP	0.03373	0.0100	pay 0.0050% / 4h	1h 14m	$604K	$10.7M	20x
Short	BingX KMNO-USDT	0.03372	0.0100	get 0.0050% / 4h	1h 14m	—	$1.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → +0.009%: −$3.88
Slippage, 4 orders: −$85.1
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$108.97
Costs to cover: 1.051%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; BingX: live order book, 7 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, 3 min ago	1.48 bp	24.0 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 7 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	0.03373	0.000%	$3.4M	$30.9M	50x	as long as short
Bybit KMNOUSDT	+0.0100%	4h	0.03372	−0.030%	$1.5M	$4.7M	25x	as long as short
OKX KMNO-USDT-SWAPlong	+0.0100%	4h	0.03373	long leg	$604K	$10.7M	20x
Gate KMNO_USDT	+0.0100%	4h	0.03372	−0.030%	$138K	$359K	50x	as long as short
MEXC KMNO_USDT	+0.0100%	4h	0.03373	0.000%	$992K	$1.1M	125x	as long as short
Bitget KMNOUSDT	+0.0100%	4h	0.03374	+0.030%	$861K	$3.3M	50x	as long as short
BingX KMNO-USDTshort	+0.0100%	4h	0.03372	−0.030%	—	$1.5M	—
Backpack KMNO_USDC_PERP	+0.0100%	1h	0.03373	+0.009%	$85K	$68K	5x	as long as short
Variational Omni KMNO	+0.0100%	4h	0.03369	−0.123%	$27K	$98K	—	as long as short
BloFin KMNO-USDT	+0.0120%	4h	0.03374	+0.030%	$133K	$72K	50x	as long as short