Funding you earn now, next payment 04:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.062%
Price spread now: OKX against Gate+0.022%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.540%−$54 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. OKX is 0.022% dearer against Gate than usual: you sell high and buy low (spread +0.022% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 32 hours. At the pace of the last 7 days (−0.540% in total) that is about 7 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate KSM_USDT | 4.6300 | 0.0100 | pay 0.0100% / 8h | 5h 30m | $88K | $38K | 33x |
| Short | OKX KSM-USDT-SWAP | 4.6310 | 0.0045 | get 0.0023% / 4h | 1h 30m | $755K | $664K | 20x |
Gate KSM_USDT
OKX KSM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- −$11.46
- Price spread: +0.022% → 0.000%
- $2.16
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$34.3
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Gate: no order-book sample; OKX: live order book, 31 min ago. Net counts fees only.
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 Gate no order-book sample | — | — | — | — | — |
| Sell OKX live order book, 31 min ago | 3.24 bp | 24.0 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0686% | 1h | 4.6388 | +0.190% | $37K | $1K | 20x | as long as short |
| Variational Omni KSM | −0.0298% | 8h | 4.6276 | −0.053% | $455K | $38K | — | as long as short |
| OKX KSM-USDT-SWAPshort | +0.0045% | 4h | 4.6310 | +0.022% | $755K | $664K | 20x | |
| Binance KSMUSDT | +0.0100% | 8h | 4.6330 | +0.065% | $2.0M | $2.8M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6290 | −0.022% | $2.2M | $675K | 50x | as long as short |
| Gate KSM_USDTlong | +0.0100% | 8h | 4.6300 | long leg | $88K | $38K | 33x | |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6330 | +0.065% | $754K | $248K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6360 | +0.130% | $519K | $50K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6330 | +0.065% | $494K | $226K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6320 | +0.043% | — | $2.4M | — | as long as short |
Kraken Futures PF_KSMUSD
Variational Omni KSM
Binance KSMUSDT
Bybit KSMUSDT
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 | 4.6317 | +0.036% | $82K | $315K | 5x | as long as short |
| BloFin KSM-USDT | +0.0106% | 8h | 4.6260 | −0.086% | $112K | $18K | 50x | as long as short |
Extended KSM-USD
BloFin KSM-USDT