Funding you earn now, next payment 08:00 UTC−0.0017%/8h= −1.8% APRnext payment −$0.17 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against MEXC−0.174%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$630.634% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.128%−$13 · spread now −0.174%, 7d avg −0.008%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.166% cheaper against MEXC than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.008%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC KSM_USDT | 4.6090 | 0.0100 | pay 0.0100% / 8h | 4h 40m | $747K | $240K | 20x |
| Short | BloFin KSM-USDT | 4.6010 | 0.0083 | get 0.0083% / 8h | 4h 40m | $112K | $18K | 50x |
MEXC KSM_USDT
BloFin KSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- −$3.51
- Price spread: −0.174% → −0.008%
- −$16.61
- Slippage, 4 orders
- −$47.39
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$83.5
- Costs to cover
- 0.634%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 10 min ago; BloFin: live order book, 50 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 MEXC live order book, 10 min ago | 2.17 bp | 11.4 bp −$11 | 39.4 bp −$394 | 426.6 bp −$42.7K | doesn't fit |
| Sell BloFin live order book, 50 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 | 4.6092 | +0.005% | $37K | $1K | 20x | as long as short |
| Variational Omni KSM | −0.0263% | 8h | 4.5946 | −0.311% | $453K | $38K | — | as long as short |
| OKX KSM-USDT-SWAP | −0.0068% | 4h | 4.6000 | −0.195% | $749K | $641K | 20x | as long as short |
| BloFin KSM-USDTshort | +0.0083% | 8h | 4.6010 | −0.174% | $112K | $18K | 50x | |
| Binance KSMUSDT | +0.0100% | 8h | 4.6080 | −0.022% | $2.0M | $2.8M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6020 | −0.152% | $2.2M | $670K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6010 | −0.174% | $86K | $39K | 33x | as long as short |
| MEXC KSM_USDTlong | +0.0100% | 8h | 4.6090 | long leg | $747K | $240K | 20x | |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6050 | −0.087% | $514K | $37K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6080 | −0.022% | $490K | $212K | 50x | as long as short |
Kraken Futures PF_KSMUSD
Variational Omni KSM
OKX KSM-USDT-SWAP
Binance KSMUSDT
Bybit KSMUSDT
Gate 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 | 4.6050 | −0.087% | — | $2.4M | — | as long as short |
| Extended KSM-USD | +0.0104% | 1h | 4.6068 | −0.047% | $77K | $317K | 5x | as long as short |
BingX KSM-USDT
Extended KSM-USD