KSM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0026%/8h= −2.9% APRnext payment −$0.26 per $10,000 · paid last 24h −0.022%

Price spread now: BloFin against KuCoin−0.022%95s7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$480as 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−$4614.608% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.193%−$19 on $10k

Price spread, last 3 days (all we have)−0.157%−$16 · spread now −0.022%, 7d avg −0.065%

Together, before fees−0.350%−$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.043% dearer against KuCoin than usual: you sell high and buy low (spread −0.022% now, against its 7-day average of −0.065%): +$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 5.5 days. At the pace of the last 7 days (−0.193% in total) that is about 38 hours. The two prices were read 95 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	KuCoin KSMUSDTM	4.6220	0.0100	pay 0.0100% / 8h	21m 45s	$515K	$52K	30x
Short	BloFin KSM-USDT	4.6210	0.0074	get 0.0074% / 8h	21m 45s	$114K	$19K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BloFinbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$5.49
Price spread: −0.022% → −0.065%: $4.34
Slippage, 4 orders: −$436.79
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$461.93
Costs to cover: 4.608%
Break-even: never at this rate

Slippage from KuCoin: live order book, 41 min ago; BloFin: live order book, 38 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 KuCoin live order book, 41 min ago	24.87 bp	166.5 bp −$167	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 38 min ago	5.40 bp	18.2 bp −$18	53.8 bp −$538	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	−0.0567%	8h	4.6190	−0.066%	$454K	$40K	—	as long as short
Kraken Futures PF_KSMUSD	−0.0354%	1h	4.6264	+0.095%	$37K	$5K	20x	as long as short
OKX KSM-USDT-SWAP	−0.0197%	4h	4.6190	−0.065%	$757K	$658K	20x	as long as short
BloFin KSM-USDTshort	+0.0074%	8h	4.6210	−0.022%	$114K	$19K	50x
Binance KSMUSDT	+0.0100%	8h	4.6226	+0.014%	$2.0M	$2.9M	50x	as long as short
Bybit KSMUSDT	+0.0100%	8h	4.6170	−0.108%	$2.2M	$716K	50x	as long as short
Gate KSM_USDT	+0.0100%	8h	4.6190	−0.065%	$89K	$39K	33x	as long as short
MEXC KSM_USDT	+0.0100%	8h	4.6230	+0.022%	$764K	$245K	20x	as long as short
KuCoin KSMUSDTMlong	+0.0100%	8h	4.6220	long leg	$515K	$52K	30x
Bitget KSMUSDT	+0.0100%	8h	4.6300	+0.173%	$494K	$238K	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX KSM-USDT	+0.0100%	8h	4.6180	−0.087%	—	$2.4M	—	as long as short
Extended KSM-USD	+0.0104%	1h	4.6221	+0.002%	$78K	$261K	5x	as long as short