Funding you earn now, next payment 16:00 UTC−0.0133%/8h= −14.6% APRnext payment −$1.33 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against BingX−0.022%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$1071.065% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 7 days−0.035%−$3 · spread now −0.022%, 7d avg −0.063%
=The price spread pays, funding is against you. Bybit is 0.041% dearer against BingX than usual: you sell high and buy low (spread −0.022% now, against its 7-day average of −0.063%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 24 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX KSM-USDT | 4.5670 | 0.0100 | pay 0.0100% / 8h | 5h 31m | — | $2.3M | — |
| Short | Bybit KSMUSDT | 4.5660 | −0.0033 | pay 0.0033% / 8h | 5h 31m | $2.1M | $591K | 50x |
BingX KSM-USDT
Bybit KSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. 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
- −$27.91
- Price spread: −0.022% → −0.063%
- $4.06
- Slippage, 4 orders
- −$85.51
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$130.36
- Costs to cover
- 1.065%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Bybit: live order book, 8 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 BingX live order book, 10 min ago | 6.54 bp | 25.4 bp −$25 | 57.5 bp −$575 | 797.1 bp −$79.7K | 1248.3 bp −$624.2K |
| Sell Bybit live order book, 8 min ago | 5.45 bp | 29.8 bp −$30 | 150.6 bp −$1,506 | doesn't fit | doesn't fit |
KSM on 12 exchanges
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 | −0.0463% | 1h | 4.5819 | +0.326% | $37K | $996 | 20x | as long as short |
| Variational Omni KSM | −0.0405% | 8h | 4.5738 | +0.150% | $452K | $25K | — | as long as short |
| OKX KSM-USDT-SWAP | −0.0151% | 4h | 4.5660 | −0.022% | $754K | $550K | 20x | as long as short |
| Bybit KSMUSDTshort | −0.0033% | 8h | 4.5660 | −0.022% | $2.1M | $591K | 50x | |
| BloFin KSM-USDT | +0.0095% | 8h | 4.5710 | +0.088% | $110K | $18K | 50x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.5695 | +0.055% | $2.0M | $2.3M | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.5680 | +0.022% | $83K | $27K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.5730 | +0.131% | $720K | $196K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.5650 | −0.044% | $500K | $23K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.5700 | +0.066% | $480K | $157K | 50x | as long as short |
Kraken Futures PF_KSMUSD
Variational Omni KSM
OKX KSM-USDT-SWAP
BloFin KSM-USDT
Binance KSMUSDT
Gate KSM_USDT
MEXC KSM_USDT
KuCoin KSMUSDTM
Bitget KSMUSDTShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX KSM-USDTlong | +0.0100% | 8h | 4.5670 | long leg | — | $2.3M | — | |
| Extended KSM-USD | +0.0104% | 1h | 4.5695 | +0.055% | $77K | $466K | 5x | as long as short |
Extended KSM-USD