Funding you earn now, next payment 00:00 UTC+0.0200%/8h= +21.9% APRpaid last 24h +0.036%
Price spread now: Binance against OKX+0.135%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$890.890% of the position
Funding, last 7 days+0.354%+$35 on $10k
+Price spread, last 7 days−0.143%−$14 · spread now +0.135%, 7d avg +0.038%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Binance is 0.097% dearer against OKX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.038%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX KSM-USDT-SWAP | 4.6160 | −0.0100 | get 0.0050% / 4h | 1h 36m | $757K | $653K | 20x |
| Short | Binance KSMUSDT | 4.6222 | 0.0100 | get 0.0100% / 8h | 1h 36m | $2.0M | $2.9M | 50x |
OKX KSM-USDT-SWAP
Binance KSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- $42.07
- Price spread: +0.135% → +0.038%
- $9.75
- Slippage, 4 orders
- −$68.96
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$37.14
- Costs to cover
- 0.890%
- Break-even
- 13.2 days
Slippage from OKX: live order book, 45 min ago; Binance: live order book, 15 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 OKX live order book, 45 min ago | 5.42 bp | 27.8 bp −$28 | 4415.6 bp −$44.2K | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 2.17 bp | 18.6 bp −$19 | 64.5 bp −$645 | 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 | −0.0570% | 8h | 4.6170 | +0.021% | $454K | $40K | — | as long as short |
| Kraken Futures PF_KSMUSD | −0.0428% | 1h | 4.6279 | +0.258% | $37K | $5K | 20x | as long as short |
| OKX KSM-USDT-SWAPlong | −0.0100% | 4h | 4.6160 | long leg | $757K | $653K | 20x | |
| Binance KSMUSDTshort | +0.0100% | 8h | 4.6222 | +0.135% | $2.0M | $2.9M | 50x | |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6170 | +0.022% | $2.2M | $719K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6230 | +0.152% | $89K | $41K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6220 | +0.130% | $722K | $249K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6290 | +0.282% | $516K | $52K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6240 | +0.173% | $494K | $237K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6300 | +0.303% | — | $2.4M | — | as long as short |
Variational Omni KSM
Kraken Futures PF_KSMUSD
Bybit KSMUSDT
Gate KSM_USDT
MEXC KSM_USDT
KuCoin KSMUSDTM
Bitget KSMUSDT
BingX KSM-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended KSM-USD | +0.0104% | 1h | 4.6239 | +0.172% | $77K | $260K | 5x | as long as short |
| BloFin KSM-USDT | +0.0117% | 8h | 4.6230 | +0.152% | $113K | $19K | 50x | as long as short |
Extended KSM-USD
BloFin KSM-USDT