Funding you earn now, next payment 16:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.20 per $10,000 · paid last 24h +0.004%
Price spread now: BingX against BloFin−0.044%96s7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as 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−$910.906% of the position
Funding, last 7 days+0.198%+$20 on $10k
+Price spread, last 4 days (all we have)+0.185%+$19 · spread now −0.044%, 7d avg −0.021%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.022% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.021%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.198%, so the current rate has only just turned against you. The two prices were read 96 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 | BloFin KSM-USDT | 4.5860 | 0.0120 | pay 0.0120% / 8h | 5h 47m | $110K | $18K | 50x |
| Short | BingX KSM-USDT | 4.5840 | 0.0100 | get 0.0100% / 8h | 5h 47m | — | $2.3M | — |
BloFin KSM-USDT
BingX KSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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
- −$4.29
- Price spread: −0.044% → −0.021%
- −$2.23
- Slippage, 4 orders
- −$68.63
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$97.16
- Costs to cover
- 0.906%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 55 min ago; BingX: 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 BloFin live order book, 55 min ago | 3.26 bp | 19.4 bp −$19 | 44.2 bp −$442 | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 5.46 bp | 27.7 bp −$28 | 67.6 bp −$676 | 571.9 bp −$57.2K | 994.7 bp −$497.4K |
KSM on 12 exchanges
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 | −0.0461% | 1h | 4.5955 | +0.206% | $37K | $995 | 20x | as long as short |
| Variational Omni KSM | −0.0267% | 8h | 4.5788 | −0.156% | $452K | $25K | — | as long as short |
| OKX KSM-USDT-SWAP | −0.0005% | 4h | 4.5830 | −0.065% | $756K | $561K | 20x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.5884 | +0.053% | $2.0M | $2.3M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.5840 | −0.044% | $2.1M | $601K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.5860 | 0.000% | $83K | $27K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.5880 | +0.044% | $724K | $195K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.5870 | +0.022% | $502K | $23K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.5970 | +0.240% | $482K | $164K | 50x | as long as short |
| BingX KSM-USDTshort | +0.0100% | 8h | 4.5840 | −0.044% | — | $2.3M | — |
Kraken Futures PF_KSMUSD
Variational Omni KSM
OKX KSM-USDT-SWAP
Binance KSMUSDT
Bybit KSMUSDT
Gate KSM_USDT
MEXC KSM_USDT
KuCoin KSMUSDTM
Bitget KSMUSDTShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended KSM-USD | +0.0104% | 1h | 4.5868 | +0.017% | $80K | $467K | 5x | as long as short |
| BloFin KSM-USDTlong | +0.0120% | 8h | 4.5860 | long leg | $110K | $18K | 50x |
Extended KSM-USD