Funding you earn now, next payment 00:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.27 per $10,000 · paid last 24h +0.023%
Price spread now: BloFin against Bitget+0.065%65s7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as 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−$870.873% of the position
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 3 days (all we have)−0.333%−$33 · spread now +0.065%, 7d avg −0.005%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.069% dearer against Bitget than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.005%. Mind the row above: over the last 7 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour. The two prices were read 65 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 | Bitget KSMUSDT | 4.6350 | 0.0100 | pay 0.0100% / 8h | 56m 13s | $495K | $238K | 50x |
| Short | BloFin KSM-USDT | 4.6380 | 0.0127 | get 0.0127% / 8h | 56m 13s | $113K | $19K | 50x |
Bitget KSMUSDT
BloFin KSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- $5.71
- Price spread: +0.065% → −0.005%
- $6.93
- Slippage, 4 orders
- −$63.31
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$74.67
- Costs to cover
- 0.873%
- Break-even
- 98.5 days
Slippage from Bitget: live order book, 18 min ago; BloFin: live order book, 4 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 Bitget live order book, 18 min ago | 5.42 bp | 23.5 bp −$24 | 72.9 bp −$729 | 26833.1 bp −$2.68M | doesn't fit |
| Sell BloFin live order book, 4 min ago | 5.40 bp | 18.2 bp −$18 | 53.8 bp −$538 | 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 | −0.0522% | 8h | 4.6174 | −0.380% | $453K | $40K | — | as long as short |
| Kraken Futures PF_KSMUSD | −0.0353% | 1h | 4.6375 | +0.055% | $37K | $5K | 20x | as long as short |
| OKX KSM-USDT-SWAP | −0.0015% | 4h | 4.6290 | −0.129% | $758K | $657K | 20x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.6350 | 0.000% | $2.0M | $2.8M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6300 | −0.108% | $2.2M | $715K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6330 | −0.043% | $89K | $39K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6330 | −0.043% | $765K | $243K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6350 | 0.000% | $517K | $52K | 30x | as long as short |
| Bitget KSMUSDTlong | +0.0100% | 8h | 4.6350 | long leg | $495K | $238K | 50x | |
| BingX KSM-USDT | +0.0100% | 8h | 4.6330 | −0.043% | — | $2.4M | — | as long as short |
Variational Omni KSM
Kraken Futures PF_KSMUSD
OKX KSM-USDT-SWAP
Binance KSMUSDT
Bybit KSMUSDT
Gate KSM_USDT
MEXC KSM_USDT
KuCoin KSMUSDTM
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 | 4.6310 | −0.086% | $77K | $260K | 5x | as long as short |
| BloFin KSM-USDTshort | +0.0127% | 8h | 4.6380 | +0.065% | $113K | $19K | 50x |
Extended KSM-USD