Funding you earn now, next payment 08:00 UTC−0.0029%/8h= −3.2% APRnext payment −$0.29 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against Binance−0.087%51s7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$840.838% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.120%−$12 · spread now −0.087%, 7d avg −0.013%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.073% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.013%). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance KSMUSDT | 4.6070 | 0.0100 | pay 0.0100% / 8h | 2h 56m | $2.0M | $2.7M | 50x |
| Short | BloFin KSM-USDT | 4.6030 | 0.0071 | get 0.0071% / 8h | 2h 56m | $110K | $18K | 50x |
Binance KSMUSDT
BloFin KSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.13
- Price spread: −0.087% → −0.013%
- −$7.34
- Slippage, 4 orders
- −$61.77
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$97.24
- Costs to cover
- 0.838%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; BloFin: live order book, 15 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 Binance live order book, 9 min ago | 1.09 bp | 21.4 bp −$21 | 66.3 bp −$663 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 15 min ago | 1.08 bp | 16.6 bp −$17 | 47.3 bp −$473 | doesn't fit | doesn't fit |
KSM on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_KSMUSD | −0.0489% | 1h | 4.6124 | +0.117% | $37K | $1K | 20x | as long as short |
| OKX KSM-USDT-SWAP | −0.0477% | 4h | 4.6030 | −0.087% | $755K | $626K | 20x | as long as short |
| Variational Omni KSM | −0.0362% | 8h | 4.5842 | −0.495% | $452K | $38K | — | as long as short |
| BloFin KSM-USDTshort | +0.0071% | 8h | 4.6030 | −0.087% | $110K | $18K | 50x | |
| Binance KSMUSDTlong | +0.0100% | 8h | 4.6070 | long leg | $2.0M | $2.7M | 50x | |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6000 | −0.152% | $2.2M | $662K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6010 | −0.130% | $85K | $37K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6070 | 0.000% | $741K | $237K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6060 | −0.022% | $510K | $33K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6060 | −0.022% | $482K | $215K | 50x | as long as short |
Kraken Futures PF_KSMUSD
OKX KSM-USDT-SWAP
Variational Omni KSM
Bybit KSMUSDT
Gate KSM_USDT
MEXC KSM_USDT
KuCoin KSMUSDTM
Bitget KSMUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX KSM-USDT | +0.0100% | 8h | 4.6050 | −0.043% | — | $2.4M | — | as long as short |
| Extended KSM-USD | +0.0104% | 1h | 4.6058 | −0.027% | $77K | $420K | 5x | as long as short |
BingX KSM-USDT
Extended KSM-USD