Funding you earn now, next payment 08:00 UTC−0.0003%/8h= −0.3% APRnext payment −$0.03 per $10,000 · paid last 24h +0.001%
Price spread now: Binance against BloFin−0.109%91s7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as 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−$850.852% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.310%+$31 · spread now −0.109%, 7d avg +0.014%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.122% cheaper against BloFin than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.014%. The two prices were read 91 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 | BloFin KSM-USDT | 4.5970 | 0.0103 | pay 0.0103% / 8h | 2h 17m | $109K | $18K | 50x |
| Short | Binance KSMUSDT | 4.5920 | 0.0100 | get 0.0100% / 8h | 2h 17m | $2.0M | $2.8M | 50x |
BloFin KSM-USDT
Binance KSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$0.62
- Price spread: −0.109% → +0.014%
- −$12.23
- Slippage, 4 orders
- −$63.23
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$98.08
- Costs to cover
- 0.852%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 53 min ago; Binance: live order book, 2 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 BloFin live order book, 53 min ago | 1.08 bp | 22.0 bp −$22 | 44.7 bp −$447 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 3.27 bp | 25.3 bp −$25 | 77.4 bp −$774 | 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 | −0.0490% | 1h | 4.5996 | +0.056% | $37K | $1K | 20x | as long as short |
| OKX KSM-USDT-SWAP | −0.0437% | 4h | 4.5920 | −0.109% | $758K | $641K | 20x | as long as short |
| Variational Omni KSM | −0.0412% | 8h | 4.5767 | −0.442% | $450K | $38K | — | as long as short |
| Binance KSMUSDTshort | +0.0100% | 8h | 4.5920 | −0.109% | $2.0M | $2.8M | 50x | |
| Bybit KSMUSDT | +0.0100% | 8h | 4.5840 | −0.283% | $2.2M | $666K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.5940 | −0.065% | $84K | $38K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.5890 | −0.174% | $731K | $241K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.5930 | −0.087% | $507K | $32K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.5900 | −0.152% | $480K | $204K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.5900 | −0.152% | — | $2.4M | — | 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 KSMUSDT
BingX KSM-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin KSM-USDTlong | +0.0103% | 8h | 4.5970 | long leg | $109K | $18K | 50x | |
| Extended KSM-USD | +0.0104% | 1h | 4.5929 | −0.090% | $77K | $424K | 5x | as long as short |
Extended KSM-USD