Funding you earn now, next payment 04:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.053%
Price spread now: BloFin against OKX−0.108%7-day average +0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$860.858% of the position
Funding, last 7 days+0.358%+$36 on $10k
+Price spread, last 4 days (all we have)−0.585%−$58 · spread now −0.108%, 7d avg +0.068%
=Funding pays, the price is against you. BloFin is 0.176% cheaper against OKX than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of +0.068%). If the spread goes back, that is −$18 on $10k: about 9.1 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.358% in total) that is about 3.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX KSM-USDT-SWAP | 4.6310 | 0.0042 | pay 0.0021% / 4h | 1h 31m | $755K | $664K | 20x |
| Short | BloFin KSM-USDT | 4.6260 | 0.0106 | get 0.0106% / 8h | 5h 31m | $112K | $18K | 50x |
OKX KSM-USDT-SWAP
BloFin KSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $13.51
- Price spread: −0.108% → +0.068%
- −$17.63
- Slippage, 4 orders
- −$63.82
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$89.95
- Costs to cover
- 0.858%
- Break-even
- 53.6 days
Slippage from OKX: live order book, 30 min ago; BloFin: live order book, 79 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, 30 min ago | 3.24 bp | 24.9 bp −$25 | 3799.6 bp −$38.0K | doesn't fit | doesn't fit |
| Sell BloFin live order book, 79 min ago | 7.56 bp | 21.3 bp −$21 | 61.1 bp −$611 | 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 | −0.0686% | 1h | 4.6388 | +0.169% | $37K | $1K | 20x | as long as short |
| Variational Omni KSM | −0.0298% | 8h | 4.6276 | −0.074% | $455K | $38K | — | as long as short |
| OKX KSM-USDT-SWAPlong | +0.0042% | 4h | 4.6310 | long leg | $755K | $664K | 20x | |
| Binance KSMUSDT | +0.0100% | 8h | 4.6339 | +0.062% | $2.0M | $2.8M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6290 | −0.043% | $2.2M | $675K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6290 | −0.043% | $88K | $38K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6330 | +0.043% | $754K | $248K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6320 | +0.022% | $518K | $50K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6330 | +0.043% | $494K | $226K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6300 | −0.022% | — | $2.4M | — | as long as short |
Kraken Futures PF_KSMUSD
Variational Omni KSM
Binance KSMUSDT
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 | 4.6327 | +0.036% | $82K | $320K | 5x | as long as short |
| BloFin KSM-USDTshort | +0.0106% | 8h | 4.6260 | −0.108% | $112K | $18K | 50x |
Extended KSM-USD