Funding you earn now, next payment 08:00 UTC+0.0015%/8h= +1.7% APRnext payment +$0.15 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against Binance+0.031%101s7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as 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−$820.822% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.232%−$23 · spread now +0.031%, 7d avg −0.014%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.044% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.014%. The two prices were read 101 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 | Binance KSMUSDT | 4.6136 | 0.0100 | pay 0.0100% / 8h | 2h 01m | $2.0M | $2.7M | 50x |
| Short | BloFin KSM-USDT | 4.6150 | 0.0115 | get 0.0115% / 8h | 2h 01m | $109K | $18K | 50x |
Binance KSMUSDT
BloFin KSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $3.17
- Price spread: +0.031% → −0.014%
- $4.43
- Slippage, 4 orders
- −$60.19
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$74.59
- Costs to cover
- 0.822%
- Break-even
- 171.6 days
Slippage from Binance: live order book, 4 min ago; BloFin: live order book, 5 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 Binance live order book, 4 min ago | 2.17 bp | 17.0 bp −$17 | 63.0 bp −$630 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 2.17 bp | 25.3 bp −$25 | 62.6 bp −$626 | 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 | −0.0488% | 1h | 4.6199 | +0.136% | $37K | $1K | 20x | as long as short |
| Variational Omni KSM | −0.0391% | 8h | 4.6077 | −0.128% | $453K | $37K | — | as long as short |
| OKX KSM-USDT-SWAP | −0.0312% | 4h | 4.6110 | −0.056% | $762K | $644K | 20x | as long as short |
| Binance KSMUSDTlong | +0.0100% | 8h | 4.6136 | long leg | $2.0M | $2.7M | 50x | |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6100 | −0.078% | $2.2M | $664K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6150 | +0.031% | $85K | $38K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6150 | +0.031% | $733K | $242K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6170 | +0.074% | $510K | $32K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6140 | +0.009% | $482K | $202K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6140 | +0.009% | — | $2.4M | — | as long as short |
Kraken Futures PF_KSMUSD
Variational Omni KSM
OKX KSM-USDT-SWAP
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 | 4.6147 | +0.024% | $77K | $424K | 5x | as long as short |
| BloFin KSM-USDTshort | +0.0115% | 8h | 4.6150 | +0.031% | $109K | $18K | 50x |
Extended KSM-USD