Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.18 per $10,000 · paid last 24h +0.010%
Price spread now: KuCoin against BloFin+0.043%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$605as in the Funding arb table
Net, price: spread back to 7d avg − costs−$626as in the Price arb table
costs, in and out, $10k−$6246.236% of the position
Funding, last 7 days+0.188%+$19 on $10k
+Price spread, last 4 days (all we have)+0.143%+$14 · spread now +0.043%, 7d avg +0.072%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.029% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.072%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.188%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin KSM-USDT | 4.6290 | 0.0118 | pay 0.0118% / 8h | 3h 25m | $111K | $18K | 50x |
| Short | KuCoin KSMUSDTM | 4.6310 | 0.0100 | get 0.0100% / 8h | 3h 25m | $516K | $36K | 30x |
BloFin KSM-USDT
KuCoin KSMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$3.74
- Price spread: +0.043% → +0.072%
- −$2.85
- Slippage, 4 orders
- −$599.61
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$630.21
- Costs to cover
- 6.236%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 56 min ago; KuCoin: live order book, 48 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, 56 min ago | 5.39 bp | 21.1 bp −$21 | 47.3 bp −$473 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 48 min ago | 22.62 bp | 249.5 bp −$249 | 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 | −0.0526% | 1h | 4.6338 | +0.103% | $37K | $1K | 20x | as long as short |
| Variational Omni KSM | −0.0310% | 8h | 4.6151 | −0.299% | $455K | $38K | — | as long as short |
| OKX KSM-USDT-SWAP | −0.0266% | 4h | 4.6190 | −0.216% | $751K | $631K | 20x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.6230 | −0.130% | $2.0M | $2.7M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6170 | −0.259% | $2.2M | $669K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6300 | +0.022% | $85K | $40K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6220 | −0.151% | $746K | $241K | 20x | as long as short |
| KuCoin KSMUSDTMshort | +0.0100% | 8h | 4.6310 | +0.043% | $516K | $36K | 30x | |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6310 | +0.043% | $485K | $215K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6240 | −0.108% | — | $2.4M | — | as long as short |
Kraken Futures PF_KSMUSD
Variational Omni KSM
OKX KSM-USDT-SWAP
Binance KSMUSDT
Bybit KSMUSDT
Gate KSM_USDT
MEXC KSM_USDT
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 | 4.6217 | −0.158% | $78K | $314K | 5x | as long as short |
| BloFin KSM-USDTlong | +0.0118% | 8h | 4.6290 | long leg | $111K | $18K | 50x |
Extended KSM-USD