Funding you earn now, next payment 08:00 UTC−0.0394%/8h= −43.1% APRpaid last 24h −0.083%
Price spread now: OKX against BingX+0.022%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1111.106% of the position
Funding, last 7 days−0.553%−$55 on $10k
+Price spread, last 7 days−0.043%−$4 · spread now +0.022%, 7d avg −0.002%
=The price spread pays, funding is against you. OKX is 0.024% dearer against BingX than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.002%): +$2 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 5 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX KSM-USDT | 4.6300 | 0.0100 | pay 0.0100% / 8h | 3h 45m | — | $2.4M | — |
| Short | OKX KSM-USDT-SWAP | 4.6310 | −0.0294 | pay 0.0147% / 4h | 3h 45m | $754K | $634K | 20x |
BingX KSM-USDT
OKX KSM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against BingX. 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
- −$82.68
- Price spread: +0.022% → −0.002%
- $2.38
- Slippage, 4 orders
- −$90.63
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$190.93
- Costs to cover
- 1.106%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; OKX: live order book, 6 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 BingX live order book, 4 min ago | 6.48 bp | 21.4 bp −$21 | 51.3 bp −$513 | 776.1 bp −$77.6K | 1152.1 bp −$576.1K |
| Sell OKX live order book, 6 min ago | 2.16 bp | 34.2 bp −$34 | doesn't fit | 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 | −0.0526% | 1h | 4.6351 | +0.110% | $37K | $1K | 20x | as long as short |
| Variational Omni KSM | −0.0331% | 8h | 4.6237 | −0.136% | $456K | $38K | — | as long as short |
| OKX KSM-USDT-SWAPshort | −0.0294% | 4h | 4.6310 | +0.022% | $754K | $634K | 20x | |
| BloFin KSM-USDT | +0.0093% | 8h | 4.6340 | +0.086% | $111K | $18K | 50x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.6320 | +0.043% | $2.0M | $2.7M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6250 | −0.108% | $2.2M | $671K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6370 | +0.151% | $86K | $40K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6300 | 0.000% | $747K | $240K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6360 | +0.130% | $517K | $35K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6330 | +0.065% | $485K | $215K | 50x | as long as short |
Kraken Futures PF_KSMUSD
Variational Omni KSM
BloFin KSM-USDT
Binance KSMUSDT
Bybit KSMUSDT
Gate KSM_USDT
MEXC 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-USDTlong | +0.0100% | 8h | 4.6300 | long leg | — | $2.4M | — | |
| Extended KSM-USD | +0.0104% | 1h | 4.6307 | +0.015% | $78K | $318K | 5x | as long as short |
Extended KSM-USD