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 −0.034%

Price spread now: Bybit against OKX−0.029%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$154as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1471.465% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 4 days (all we have)−0.064%−$6 · spread now −0.029%, 7d avg −0.005%

Together, before fees−0.133%−$13 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 0.024% cheaper against OKX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX KMNO-USDT-SWAP	0.03398	0.0100	pay 0.0050% / 4h	3h 40m	$643K	$12.2M	20x
Short	Bybit KMNOUSDT	0.03397	0.0100	get 0.0050% / 4h	3h 40m	$1.6M	$4.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → −0.005%: −$2.41
Slippage, 4 orders: −$125.53
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$148.94
Costs to cover: 1.465%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Bybit: live order book, 3 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	2.94 bp	26.2 bp −$26	435.1 bp −$4,351	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	4.41 bp	48.3 bp −$48	265.7 bp −$2,657	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	0.03400	+0.062%	$3.5M	$32.9M	50x	as long as short
Bybit KMNOUSDTshort	+0.0100%	4h	0.03397	−0.029%	$1.6M	$4.9M	25x
OKX KMNO-USDT-SWAPlong	+0.0100%	4h	0.03398	long leg	$643K	$12.2M	20x
Gate KMNO_USDT	+0.0100%	4h	0.03401	+0.088%	$135K	$394K	50x	as long as short
MEXC KMNO_USDT	+0.0100%	4h	0.03400	+0.059%	$1.0M	$1.1M	125x	as long as short
Bitget KMNOUSDT	+0.0100%	4h	0.03401	+0.088%	$899K	$3.4M	50x	as long as short
BingX KMNO-USDT	+0.0100%	4h	0.03397	−0.029%	—	$1.5M	—	as long as short
Variational Omni KMNO	+0.0100%	4h	0.03393	−0.148%	$27K	$116K	—	as long as short
BloFin KMNO-USDT	+0.0138%	4h	0.03389	−0.265%	$134K	$75K	50x	as long as short
Backpack KMNO_USDC_PERP	+0.1756%	1h	0.03407	+0.253%	$79K	$57K	5x	as long as short