Funding you earn now, next payment 00:00 UTC−0.0297%/8h= −32.5% APRpaid last 24h −0.008%
Price spread now: OKX against Bitget−0.108%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1011.013% of the position
Funding, last 7 days−0.403%−$40 on $10k
+Price spread, last 7 days+0.116%+$12 · spread now −0.108%, 7d avg −0.042%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and OKX is 0.066% cheaper against Bitget than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.042%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget KSMUSDT | 4.6230 | 0.0100 | pay 0.0100% / 8h | 18m 42s | $494K | $237K | 50x |
| Short | OKX KSM-USDT-SWAP | 4.6180 | −0.0197 | pay 0.0099% / 4h | 18m 42s | $757K | $657K | 20x |
Bitget KSMUSDT
OKX KSM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. 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
- −$62.39
- Price spread: −0.108% → −0.042%
- −$6.64
- Slippage, 4 orders
- −$79.31
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$170.34
- Costs to cover
- 1.013%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 56 min ago; OKX: live order book, 57 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 Bitget live order book, 56 min ago | 5.42 bp | 23.5 bp −$24 | 72.9 bp −$729 | 26833.1 bp −$2.68M | doesn't fit |
| Sell OKX live order book, 57 min ago | 2.17 bp | 26.8 bp −$27 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni KSM | −0.0590% | 8h | 4.6134 | −0.208% | $454K | $41K | — | as long as short |
| Kraken Futures PF_KSMUSD | −0.0354% | 1h | 4.6277 | +0.101% | $37K | $5K | 20x | as long as short |
| OKX KSM-USDT-SWAPshort | −0.0197% | 4h | 4.6180 | −0.108% | $757K | $657K | 20x | |
| Binance KSMUSDT | +0.0100% | 8h | 4.6220 | −0.021% | $2.0M | $2.9M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6190 | −0.087% | $2.2M | $714K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6210 | −0.043% | $89K | $39K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6230 | 0.000% | $764K | $245K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6230 | 0.000% | $515K | $52K | 30x | as long as short |
| Bitget KSMUSDTlong | +0.0100% | 8h | 4.6230 | long leg | $494K | $237K | 50x | |
| BingX KSM-USDT | +0.0100% | 8h | 4.6190 | −0.087% | — | $2.4M | — | as long as short |
Variational Omni KSM
Kraken Futures PF_KSMUSD
Binance KSMUSDT
Bybit KSMUSDT
Gate KSM_USDT
MEXC KSM_USDT
KuCoin KSMUSDTM
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 | 4.6229 | −0.003% | $78K | $260K | 5x | as long as short |
| BloFin KSM-USDT | +0.0104% | 8h | 4.6260 | +0.065% | $114K | $19K | 50x | as long as short |
Extended KSM-USD
BloFin KSM-USDT