Funding you earn now, next payment 00:00 UTC+0.0211%/8h= +23.1% APRpaid last 24h +0.054%
Price spread now: Bybit against OKX0.000%7-day average −0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1101.099% of the position
Funding, last 7 days+0.575%+$57 on $10k
+Price spread, last 7 days−0.080%−$8 · spread now 0.000%, 7d avg −0.060%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bybit is 0.060% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.060%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX KSM-USDT-SWAP | 4.6200 | −0.0111 | get 0.0055% / 4h | 1h 38m | $758K | $654K | 20x |
| Short | Bybit KSMUSDT | 4.6200 | 0.0100 | get 0.0100% / 8h | 1h 38m | $2.2M | $721K | 50x |
OKX KSM-USDT-SWAP
Bybit KSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $44.22
- Price spread: 0.000% → −0.060%
- $5.97
- Slippage, 4 orders
- −$88.87
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$59.68
- Costs to cover
- 1.099%
- Break-even
- 16.4 days
Slippage from OKX: live order book, 43 min ago; Bybit: live order book, 4 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, 43 min ago | 5.42 bp | 27.8 bp −$28 | 4415.6 bp −$44.2K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 5.41 bp | 31.7 bp −$32 | 253.9 bp −$2,539 | 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 | −0.066% | $454K | $40K | — | as long as short |
| Kraken Futures PF_KSMUSD | −0.0428% | 1h | 4.6287 | +0.189% | $37K | $5K | 20x | as long as short |
| OKX KSM-USDT-SWAPlong | −0.0111% | 4h | 4.6200 | long leg | $758K | $654K | 20x | |
| Binance KSMUSDT | +0.0100% | 8h | 4.6257 | +0.123% | $2.0M | $2.9M | 50x | as long as short |
| Bybit KSMUSDTshort | +0.0100% | 8h | 4.6200 | 0.000% | $2.2M | $721K | 50x | |
| Gate KSM_USDT | +0.0100% | 8h | 4.6200 | 0.000% | $89K | $41K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6290 | +0.195% | $723K | $249K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6230 | +0.065% | $515K | $52K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6270 | +0.152% | $494K | $237K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6200 | 0.000% | — | $2.4M | — | as long as short |
Variational Omni KSM
Kraken Futures PF_KSMUSD
Binance 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 | 4.6261 | +0.133% | $77K | $260K | 5x | as long as short |
| BloFin KSM-USDT | +0.0115% | 8h | 4.6220 | +0.043% | $114K | $19K | 50x | as long as short |
Extended KSM-USD
BloFin KSM-USDT