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: Bitget against OKX+0.118%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$1051.048% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 4 days (all we have)−0.106%−$11 · spread now +0.118%, 7d avg +0.065%

Together, before fees−0.082%−$8 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: Bitget is 0.053% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX KMNO-USDT-SWAP	0.03382	0.0100	pay 0.0050% / 4h	2h 05m	$615K	$11.4M	20x
Short	Bitget KMNOUSDT	0.03386	0.0100	get 0.0050% / 4h	2h 05m	$885K	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.118%Rate

Funding earned: $0
Price spread: +0.118% → +0.065%: $5.29
Slippage, 4 orders: −$82.77
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$99.48
Costs to cover: 1.048%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bitget: 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 OKX live order book, 2 min ago	4.43 bp	26.9 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	5.90 bp	29.8 bp −$30	103.0 bp −$1,030	doesn't fit	doesn't fit

KMNO on 9 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	0.03384	+0.065%	$3.4M	$31.8M	50x	as long as short
Bybit KMNOUSDT	+0.0100%	4h	0.03383	+0.030%	$1.6M	$4.8M	25x	as long as short
OKX KMNO-USDT-SWAPlong	+0.0100%	4h	0.03382	long leg	$615K	$11.4M	20x
Gate KMNO_USDT	+0.0100%	4h	0.03386	+0.118%	$134K	$369K	50x	as long as short
MEXC KMNO_USDT	+0.0100%	4h	0.03384	+0.059%	$1.0M	$1.1M	125x	as long as short
Bitget KMNOUSDTshort	+0.0100%	4h	0.03386	+0.118%	$885K	$3.3M	50x
BingX KMNO-USDT	+0.0100%	4h	0.03384	+0.059%	—	$1.5M	—	as long as short
Variational Omni KMNO	+0.0100%	4h	0.03382	−0.003%	$27K	$107K	—	as long as short
Backpack KMNO_USDC_PERP	+0.0196%	1h	0.03387	+0.139%	$86K	$69K	5x	as long as short