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Funding arb · Price arb /

KSM

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 06:00 UTC+0.0617%/8h= +67.6% APRpaid last 24h +0.178%
Price spread now: BloFin against Kraken Futures−0.384%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. BloFin is 0.384% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.384% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$38 on $10k: about 2.1 days of funding at the current rate (+$19 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_KSMUSD4.5836−0.0492get 0.0062% / 1h33m 42s$37K$1K20x
ShortBloFin KSM-USDT4.56600.0125get 0.0125% / 8h2h 33m$110K$18K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Kraken Futures. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$129.59
Price spread: −0.384% → 0.000%
−$38.38
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
$69.21
Costs to cover
0.220%
Break-even
3.3 days
Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 38 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample—————
Sell BloFin live order book, 38 min ago1.08 bp16.6 bp −$1747.3 bp −$473doesn't fitdoesn't fit
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

KSM on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_KSMUSDlong−0.0492%1h4.5836long leg$37K$1K20x
OKX KSM-USDT-SWAP−0.0461%4h4.5690−0.318%$753K$626K20xas long as short
Variational Omni KSM−0.0388%8h4.5773−0.138%$451K$38K—as long as short
Binance KSMUSDT+0.0100%8h4.5715−0.264%$2.0M$2.7M50xas long as short
Bybit KSMUSDT+0.0100%8h4.5730−0.231%$2.2M$671K50xas long as short
Gate KSM_USDT+0.0100%8h4.5800−0.078%$84K$37K33xas long as short
MEXC KSM_USDT+0.0100%8h4.5720−0.253%$729K$240K20xas long as short
KuCoin KSMUSDTM+0.0100%8h4.5810−0.057%$506K$32K30xas long as short
Bitget KSMUSDT+0.0100%8h4.5810−0.057%$480K$209K50xas long as short
BingX KSM-USDT+0.0100%8h4.5770−0.144%—$2.4M—as long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended KSM-USD+0.0104%1h4.5703−0.291%$77K$425K5xas long as short
BloFin KSM-USDTshort+0.0125%8h4.5660−0.384%$110K$18K50x