Funding you earn now, next payment 08:00 UTC−0.0025%/8h= −2.7% APRnext payment −$0.25 per $10,000 · paid last 24h +0.010%
Price spread now: Bybit against BloFin−0.368%542s7-day average −0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as 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−$950.948% of the position
Funding, last 7 days+0.219%+$22 on $10k
+Price spread, last 3 days (all we have)+0.398%+$40 · spread now −0.368%, 7d avg −0.094%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.274% cheaper against BloFin than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.094%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.219%, so the current rate has only just turned against you. The two prices were read 542 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 | 4.6170 | 0.0125 | pay 0.0125% / 8h | 6h 40m | $112K | $19K | 50x |
| Short | Bybit KSMUSDT | 4.6000 | 0.0100 | get 0.0100% / 8h | 6h 40m | $2.2M | $702K | 50x |
BloFin KSM-USDT
Bybit KSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$5.19
- Price spread: −0.368% → −0.094%
- −$27.42
- Slippage, 4 orders
- −$71.82
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$127.43
- Costs to cover
- 0.948%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 10 min ago; Bybit: live order book, 2 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, 10 min ago | 7.56 bp | 15.6 bp −$16 | 33.6 bp −$336 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 4.34 bp | 28.6 bp −$29 | 158.8 bp −$1,588 | 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 | −0.0655% | 1h | 4.6084 | −0.186% | $37K | $5K | 20x | as long as short |
| Variational Omni KSM | −0.0401% | 8h | 4.6113 | −0.124% | $454K | $41K | — | as long as short |
| OKX KSM-USDT-SWAP | −0.0043% | 4h | 4.5980 | −0.412% | $753K | $675K | 20x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.6080 | −0.195% | $2.0M | $2.9M | 50x | as long as short |
| Bybit KSMUSDTshort | +0.0100% | 8h | 4.6000 | −0.368% | $2.2M | $702K | 50x | |
| Gate KSM_USDT | +0.0100% | 8h | 4.6110 | −0.130% | $88K | $38K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6080 | −0.195% | $746K | $246K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6080 | −0.195% | $515K | $49K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6110 | −0.130% | $493K | $230K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6020 | −0.325% | — | $2.4M | — | as long as short |
Kraken Futures PF_KSMUSD
Variational Omni KSM
OKX KSM-USDT-SWAP
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 | 4.5960 | −0.455% | $77K | $326K | 5x | as long as short |
| BloFin KSM-USDTlong | +0.0125% | 8h | 4.6170 | long leg | $112K | $19K | 50x |
Extended KSM-USD