Funding arb · Price arb /

KMNO

all KMNO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: Gate against OKX+0.178%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$253as in the Funding arb table

Net, price: spread back to 7d avg − costs−$241as in the Price arb table

costs, in and out, $10k−$2522.515% of the position

Long on OKX Short on Gate

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)−0.131%−$13 · spread now +0.178%, 7d avg +0.070%

Together, before fees−0.150%−$15 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: Gate is 0.108% dearer against OKX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX KMNO-USDT-SWAP	0.03369	0.0100	pay 0.0050% / 4h	1h 22m	$624K	$13.6M	20x
Short	Gate KMNO_USDT	0.03375	0.0100	get 0.0050% / 4h	1h 22m	$135K	$458K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.178%Rate

Funding earned: $0
Price spread: +0.178% → +0.070%: $10.82
Slippage, 4 orders: −$226.52
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$240.7
Costs to cover: 2.515%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Gate: live order book, 58 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, 1 min ago	1.48 bp	23.6 bp −$24	520.0 bp −$5,200	doesn't fit	doesn't fit
Sell Gate live order book, 58 min ago	4.43 bp	82.0 bp −$82	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
Bybit KMNOUSDT	−0.0287%	4h	0.03374	+0.148%	$1.6M	$5.4M	25x	as long as short
Variational Omni KMNO	−0.0217%	4h	0.03366	−0.087%	$27K	$116K	—	as long as short
BloFin KMNO-USDT	+0.0096%	4h	0.03370	+0.030%	$133K	$85K	50x	as long as short
Binance KMNOUSDT	+0.0100%	4h	0.03372	+0.089%	$3.5M	$38.1M	50x	as long as short
OKX KMNO-USDT-SWAPlong	+0.0100%	4h	0.03369	long leg	$624K	$13.6M	20x
Gate KMNO_USDTshort	+0.0100%	4h	0.03375	+0.178%	$135K	$458K	50x
MEXC KMNO_USDT	+0.0100%	4h	0.03373	+0.119%	$1.1M	$1.3M	125x	as long as short
Bitget KMNOUSDT	+0.0100%	4h	0.03376	+0.208%	$890K	$3.9M	50x	as long as short
BingX KMNO-USDT	+0.0100%	4h	0.03372	+0.089%	—	$1.5M	—	as long as short
Backpack KMNO_USDC_PERP	+0.0100%	1h	0.03380	+0.332%	$78K	$69K	5x	as long as short