Funding you earn now, next payment 08:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.06 per $10,000 · paid last 24h −0.010%
Price spread now: BloFin against Bybit−0.130%62s7-day average +0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$119as 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−$970.970% of the position
Funding, last 7 days−0.219%−$22 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.130%, 7d avg +0.088%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.219% cheaper against Bybit than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.088%. The two prices were read 62 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 | Bybit KSMUSDT | 4.5980 | 0.0100 | pay 0.0100% / 8h | 4h 46m | $2.2M | $671K | 50x |
| Short | BloFin KSM-USDT | 4.5920 | 0.0094 | get 0.0094% / 8h | 4h 46m | $112K | $18K | 50x |
Bybit KSMUSDT
BloFin KSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$1.33
- Price spread: −0.130% → +0.088%
- −$21.86
- Slippage, 4 orders
- −$74.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$120.21
- Costs to cover
- 0.970%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 45 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, 1 min ago | 3.26 bp | 25.6 bp −$26 | 144.4 bp −$1,444 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 45 min ago | 2.16 bp | 25.5 bp −$26 | 60.8 bp −$608 | 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 | −0.0290% | 1h | 4.6049 | +0.149% | $37K | $1K | 20x | as long as short |
| Variational Omni KSM | −0.0262% | 8h | 4.5956 | −0.051% | $453K | $38K | — | as long as short |
| OKX KSM-USDT-SWAP | −0.0051% | 4h | 4.5990 | +0.022% | $749K | $642K | 20x | as long as short |
| BloFin KSM-USDTshort | +0.0094% | 8h | 4.5920 | −0.130% | $112K | $18K | 50x | |
| Binance KSMUSDT | +0.0100% | 8h | 4.6016 | +0.079% | $2.0M | $2.8M | 50x | as long as short |
| Bybit KSMUSDTlong | +0.0100% | 8h | 4.5980 | long leg | $2.2M | $671K | 50x | |
| Gate KSM_USDT | +0.0100% | 8h | 4.6000 | +0.043% | $86K | $39K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6010 | +0.065% | $747K | $239K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6000 | +0.043% | $513K | $38K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6050 | +0.152% | $489K | $212K | 50x | as long as short |
Kraken Futures PF_KSMUSD
Variational Omni KSM
OKX KSM-USDT-SWAP
Binance KSMUSDT
Gate KSM_USDT
MEXC KSM_USDT
KuCoin KSMUSDTM
Bitget KSMUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX KSM-USDT | +0.0100% | 8h | 4.5980 | 0.000% | — | $2.4M | — | as long as short |
| Extended KSM-USD | +0.0104% | 1h | 4.6002 | +0.048% | $77K | $317K | 5x | as long as short |
BingX KSM-USDT
Extended KSM-USD