Funding you earn now, next payment 08:00 UTC−0.0515%/8h= −56.4% APRpaid last 24h −0.083%
Price spread now: OKX against Bybit+0.022%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1171.169% of the position
Funding, last 7 days−0.572%−$57 on $10k
+Price spread, last 7 days−0.022%−$2 · spread now +0.022%, 7d avg +0.058%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and OKX is 0.036% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.058%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit KSMUSDT | 4.5880 | 0.0100 | pay 0.0100% / 8h | 2h 15m | $2.2M | $666K | 50x |
| Short | OKX KSM-USDT-SWAP | 4.5890 | −0.0415 | pay 0.0208% / 4h | 2h 15m | $757K | $641K | 20x |
Bybit KSMUSDT
OKX KSM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$108.24
- Price spread: +0.022% → +0.058%
- −$3.58
- Slippage, 4 orders
- −$95.85
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$228.68
- Costs to cover
- 1.169%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; OKX: live order book, 31 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 | 5.45 bp | 28.0 bp −$28 | 210.6 bp −$2,106 | doesn't fit | doesn't fit |
| Sell OKX live order book, 31 min ago | 5.44 bp | 32.8 bp −$33 | 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 | −0.0490% | 1h | 4.5995 | +0.250% | $37K | $1K | 20x | as long as short |
| OKX KSM-USDT-SWAPshort | −0.0415% | 4h | 4.5890 | +0.022% | $757K | $641K | 20x | |
| Variational Omni KSM | −0.0399% | 8h | 4.5872 | −0.016% | $451K | $37K | — | as long as short |
| BloFin KSM-USDT | +0.0076% | 8h | 4.5920 | +0.087% | $109K | $18K | 50x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.5930 | +0.109% | $2.0M | $2.8M | 50x | as long as short |
| Bybit KSMUSDTlong | +0.0100% | 8h | 4.5880 | long leg | $2.2M | $666K | 50x | |
| Gate KSM_USDT | +0.0100% | 8h | 4.5930 | +0.109% | $84K | $38K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.5920 | +0.087% | $732K | $241K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.5930 | +0.109% | $507K | $32K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.5920 | +0.087% | $480K | $204K | 50x | as long as short |
Kraken Futures PF_KSMUSD
Variational Omni KSM
BloFin KSM-USDT
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 | 4.5890 | +0.022% | — | $2.4M | — | as long as short |
| Extended KSM-USD | +0.0104% | 1h | 4.5924 | +0.096% | $77K | $424K | 5x | as long as short |
BingX KSM-USDT
Extended KSM-USD