Funding you earn now, next payment 08:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.22 per $10,000 · paid last 24h −0.010%
Price spread now: BloFin against Bybit+0.238%72s7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as 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−$990.989% of the position
Funding, last 7 days−0.219%−$22 on $10k
+Price spread, last 3 days (all we have)−0.311%−$31 · spread now +0.238%, 7d avg +0.094%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.144% dearer against Bybit than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.094%. Mind the row above: over the last 7 days funding on this pair cost −0.219%, so the current rate has only just turned in your favour. The two prices were read 72 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 | Bybit KSMUSDT | 4.6220 | 0.0100 | pay 0.0100% / 8h | 7h 52m | $2.2M | $716K | 50x |
| Short | BloFin KSM-USDT | 4.6330 | 0.0122 | get 0.0122% / 8h | 7h 52m | $113K | $19K | 50x |
Bybit KSMUSDT
BloFin KSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- $4.66
- Price spread: +0.238% → +0.094%
- $14.38
- Slippage, 4 orders
- −$75.9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$79.86
- Costs to cover
- 0.989%
- Break-even
- 127.1 days
Slippage from Bybit: live order book, 5 min ago; BloFin: live order book, 3 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 Bybit live order book, 5 min ago | 5.38 bp | 27.3 bp −$27 | 141.7 bp −$1,417 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 2.16 bp | 18.5 bp −$18 | 53.2 bp −$532 | 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 | −0.0528% | 8h | 4.6444 | +0.484% | $456K | $40K | — | as long as short |
| Kraken Futures PF_KSMUSD | −0.0431% | 1h | 4.6326 | +0.229% | $37K | $5K | 20x | as long as short |
| OKX KSM-USDT-SWAP | −0.0138% | 4h | 4.6280 | +0.130% | $758K | $659K | 20x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.6311 | +0.197% | $2.0M | $2.9M | 50x | as long as short |
| Bybit KSMUSDTlong | +0.0100% | 8h | 4.6220 | long leg | $2.2M | $716K | 50x | |
| Gate KSM_USDT | +0.0100% | 8h | 4.6360 | +0.303% | $89K | $38K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6330 | +0.238% | $762K | $240K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6350 | +0.281% | $517K | $52K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6370 | +0.325% | $495K | $233K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6330 | +0.238% | — | $2.4M | — | as long as short |
Variational Omni KSM
Kraken Futures PF_KSMUSD
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 | 4.6337 | +0.253% | $78K | $263K | 5x | as long as short |
| BloFin KSM-USDTshort | +0.0122% | 8h | 4.6330 | +0.238% | $113K | $19K | 50x |
Extended KSM-USD