Funding you earn now, next payment 00:00 UTC−0.0173%/8h= −18.9% APRpaid last 24h −0.054%
Price spread now: OKX against BingX−0.065%7-day average 0.000% · 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−$105as in the Price arb table
costs, in and out, $10k−$980.982% of the position
Funding, last 7 days−0.556%−$56 on $10k
+Price spread, last 7 days+0.099%+$10 · spread now −0.065%, 7d avg 0.000%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and OKX is 0.065% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of 0.000%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX KSM-USDT | 4.6090 | 0.0100 | pay 0.0100% / 8h | 1h 09m | — | $2.4M | — |
| Short | OKX KSM-USDT-SWAP | 4.6060 | −0.0073 | pay 0.0036% / 4h | 1h 09m | $755K | $652K | 20x |
BingX KSM-USDT
OKX KSM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$36.3
- Price spread: −0.065% → 0.000%
- −$6.46
- Slippage, 4 orders
- −$78.17
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$140.93
- Costs to cover
- 0.982%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; OKX: live order book, 6 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, 4 min ago | 5.43 bp | 25.6 bp −$26 | 56.0 bp −$560 | 695.1 bp −$69.5K | 1099.1 bp −$549.5K |
| Sell OKX live order book, 6 min ago | 2.17 bp | 26.8 bp −$27 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni KSM | −0.0537% | 8h | 4.6049 | −0.089% | $452K | $40K | — | as long as short |
| Kraken Futures PF_KSMUSD | −0.0429% | 1h | 4.6176 | +0.187% | $37K | $5K | 20x | as long as short |
| OKX KSM-USDT-SWAPshort | −0.0073% | 4h | 4.6060 | −0.065% | $755K | $652K | 20x | |
| Binance KSMUSDT | +0.0100% | 8h | 4.6100 | +0.022% | $2.0M | $2.8M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6070 | −0.043% | $2.2M | $717K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6140 | +0.108% | $89K | $41K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6100 | +0.022% | $720K | $251K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6140 | +0.108% | $514K | $52K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6100 | +0.022% | $492K | $239K | 50x | as long as short |
| BingX KSM-USDTlong | +0.0100% | 8h | 4.6090 | long leg | — | $2.4M | — |
Variational Omni KSM
Kraken Futures PF_KSMUSD
Binance KSMUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Extended KSM-USD | +0.0104% | 1h | 4.6095 | +0.012% | $77K | $260K | 5x | as long as short |
| BloFin KSM-USDT | +0.0112% | 8h | 4.6110 | +0.043% | $113K | $19K | 50x | as long as short |
Extended KSM-USD
BloFin KSM-USDT