Funding you earn now, next payment 12:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.052%
Price spread now: OKX against BloFin−0.022%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$960.964% of the position
Funding, last 7 days−0.350%−$35 on $10k
+Price spread, last 4 days (all we have)+0.714%+$71 · spread now −0.022%, 7d avg −0.058%
=The price spread pays, funding is against you. OKX is 0.036% dearer against BloFin than usual: you sell high and buy low (spread −0.022% now, against its 7-day average of −0.058%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.5 days. At the pace of the last 7 days (−0.350% in total) that is about 17 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin KSM-USDT | 4.6300 | 0.0118 | pay 0.0118% / 8h | 7h 45m | $110K | $18K | 50x |
| Short | OKX KSM-USDT-SWAP | 4.6290 | 0.0100 | get 0.0050% / 4h | 3h 45m | $769K | $622K | 20x |
BloFin KSM-USDT
OKX KSM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$3.86
- Price spread: −0.022% → −0.058%
- $3.61
- Slippage, 4 orders
- −$74.45
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$96.7
- Costs to cover
- 0.964%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 10 min ago; OKX: live order book, 51 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, 10 min ago | 6.49 bp | 20.7 bp −$21 | 54.5 bp −$545 | doesn't fit | doesn't fit |
| Sell OKX live order book, 51 min ago | 2.16 bp | 29.7 bp −$30 | 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 | −0.0284% | 1h | 4.6358 | +0.126% | $37K | $994 | 20x | as long as short |
| Variational Omni KSM | −0.0177% | 8h | 4.6272 | −0.060% | $455K | $32K | — | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.6299 | −0.002% | $2.0M | $2.6M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6280 | −0.043% | $2.2M | $669K | 50x | as long as short |
| OKX KSM-USDT-SWAPshort | +0.0100% | 4h | 4.6290 | −0.022% | $769K | $622K | 20x | |
| Gate KSM_USDT | +0.0100% | 8h | 4.6310 | +0.022% | $85K | $30K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6290 | −0.022% | $729K | $244K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6320 | +0.043% | $512K | $27K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6280 | −0.043% | $481K | $180K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6300 | 0.000% | — | $2.3M | — | as long as short |
Kraken Futures PF_KSMUSD
Variational Omni KSM
Binance KSMUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Extended KSM-USD | +0.0104% | 1h | 4.6287 | −0.027% | $77K | $458K | 5x | as long as short |
| BloFin KSM-USDTlong | +0.0118% | 8h | 4.6300 | long leg | $110K | $18K | 50x |
Extended KSM-USD