Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%
Price spread now: Binance against Bybit+0.134%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1101.102% of the position
Funding, last 7 days−0.221%−$22 on $10k
+Price spread, last 7 days−0.058%−$6 · spread now +0.134%, 7d avg +0.097%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.036% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.097%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit KSMUSDT | 4.6320 | 0.0100 | pay 0.0100% / 8h | 4m 59s | $2.2M | $714K | 50x |
| Short | Binance KSMUSDT | 4.6382 | 0.0100 | get 0.0100% / 8h | 4m 59s | $2.0M | $2.8M | 50x |
Bybit KSMUSDT
Binance KSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- Price spread: +0.134% → +0.097%
- $3.63
- Slippage, 4 orders
- −$89.18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$106.55
- Costs to cover
- 1.102%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 16 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 Bybit live order book, 2 min ago | 5.41 bp | 26.5 bp −$26 | 142.6 bp −$1,426 | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 1.08 bp | 27.7 bp −$28 | 72.7 bp −$727 | 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 | −0.0558% | 8h | 4.6219 | −0.219% | $454K | $40K | — | as long as short |
| Kraken Futures PF_KSMUSD | −0.0353% | 1h | 4.6396 | +0.165% | $37K | $5K | 20x | as long as short |
| OKX KSM-USDT-SWAP | −0.0194% | 4h | 4.6350 | +0.065% | $760K | $661K | 20x | as long as short |
| Binance KSMUSDTshort | +0.0100% | 8h | 4.6382 | +0.134% | $2.0M | $2.8M | 50x | |
| Bybit KSMUSDTlong | +0.0100% | 8h | 4.6320 | long leg | $2.2M | $714K | 50x | |
| Gate KSM_USDT | +0.0100% | 8h | 4.6330 | +0.022% | $89K | $39K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6390 | +0.151% | $766K | $246K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6340 | +0.043% | $517K | $52K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6380 | +0.130% | $495K | $235K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6370 | +0.108% | — | $2.4M | — | as long as short |
Variational Omni KSM
Kraken Futures PF_KSMUSD
OKX KSM-USDT-SWAP
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 | 4.6370 | +0.108% | $78K | $260K | 5x | as long as short |
| BloFin KSM-USDT | +0.0129% | 8h | 4.6260 | −0.130% | $113K | $19K | 50x | as long as short |
Extended KSM-USD
BloFin KSM-USDT