Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.056%
Price spread now: OKX against Binance−0.096%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$940.938% of the position
Funding, last 7 days−0.351%−$35 on $10k
+Price spread, last 7 days+0.075%+$7 · spread now −0.096%, 7d avg −0.039%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.058% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.039%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance KSMUSDT | 4.6675 | 0.0100 | pay 0.0100% / 8h | 7h 11m | $2.0M | $2.6M | 50x |
| Short | OKX KSM-USDT-SWAP | 4.6630 | 0.0100 | get 0.0050% / 4h | 3h 11m | $774K | $622K | 20x |
Binance KSMUSDT
OKX KSM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $0
- Price spread: −0.096% → −0.039%
- −$5.76
- Slippage, 4 orders
- −$73.82
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$99.58
- Costs to cover
- 0.938%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; OKX: live order book, 20 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 | 2.15 bp | 22.3 bp −$22 | 67.3 bp −$673 | doesn't fit | doesn't fit |
| Sell OKX live order book, 20 min ago | 4.35 bp | 27.9 bp −$28 | doesn't fit | 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 | −0.0282% | 1h | 4.6711 | +0.077% | $37K | $995 | 20x | as long as short |
| Variational Omni KSM | −0.0179% | 8h | 4.6558 | −0.250% | $458K | $26K | — | as long as short |
| Binance KSMUSDTlong | +0.0100% | 8h | 4.6675 | long leg | $2.0M | $2.6M | 50x | |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6620 | −0.118% | $2.2M | $640K | 50x | as long as short |
| OKX KSM-USDT-SWAPshort | +0.0100% | 4h | 4.6630 | −0.096% | $774K | $622K | 20x | |
| Gate KSM_USDT | +0.0100% | 8h | 4.6520 | −0.332% | $85K | $30K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6660 | −0.032% | $739K | $247K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6650 | −0.054% | $515K | $26K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6650 | −0.054% | $485K | $178K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6620 | −0.118% | — | $2.3M | — | as long as short |
Kraken Futures PF_KSMUSD
Variational Omni KSM
Bybit KSMUSDT
Gate KSM_USDT
MEXC KSM_USDT
KuCoin KSMUSDTM
Bitget KSMUSDT
BingX KSM-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended KSM-USD | +0.0104% | 1h | 4.6660 | −0.032% | $81K | $463K | 5x | as long as short |
| BloFin KSM-USDT | +0.0115% | 8h | 4.6590 | −0.182% | $110K | $18K | 50x | as long as short |
Extended KSM-USD
BloFin KSM-USDT