Funding arb · Price arb /

KSM

all KSM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0559%/8h= +61.2% APRpaid last 24h +0.075%

Price spread now: Binance against OKX+0.111%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1061.056% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.356%+$36 on $10k

Price spread, last 7 days−0.056%−$6 · spread now +0.111%, 7d avg +0.040%

Together, before fees+0.300%+$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Binance is 0.071% dearer against OKX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.040%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.356% in total (about 18.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX KSM-USDT-SWAP	4.6060	−0.0459	get 0.0230% / 4h	2h 50m	$756K	$625K	20x
Short	Binance KSMUSDT	4.6111	0.0100	get 0.0100% / 8h	2h 50m	$2.0M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee BinancebpOrdersPrice spread, now +0.111%Rate

Funding earned: $117.44
Price spread: +0.111% → +0.040%: $7.08
Slippage, 4 orders: −$85.57
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $18.96
Costs to cover: 1.056%
Break-even: 5.9 days

Slippage from OKX: live order book, 61 min ago; Binance: live order book, 15 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 OKX live order book, 61 min ago	2.16 bp	26.2 bp −$26	3743.3 bp −$37.4K	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	1.09 bp	23.8 bp −$24	68.7 bp −$687	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	−0.0489%	1h	4.6166	+0.231%	$37K	$1K	20x	as long as short
OKX KSM-USDT-SWAPlong	−0.0459%	4h	4.6060	long leg	$756K	$625K	20x
Variational Omni KSM	−0.0372%	8h	4.6052	−0.017%	$453K	$38K	—	as long as short
Binance KSMUSDTshort	+0.0100%	8h	4.6111	+0.111%	$2.0M	$2.7M	50x
Bybit KSMUSDT	+0.0100%	8h	4.6060	0.000%	$2.2M	$662K	50x	as long as short
Gate KSM_USDT	+0.0100%	8h	4.6110	+0.109%	$85K	$37K	33x	as long as short
MEXC KSM_USDT	+0.0100%	8h	4.6100	+0.087%	$740K	$238K	20x	as long as short
KuCoin KSMUSDTM	+0.0100%	8h	4.6110	+0.109%	$509K	$33K	30x	as long as short
Bitget KSMUSDT	+0.0100%	8h	4.6110	+0.109%	$483K	$208K	50x	as long as short
BingX KSM-USDT	+0.0100%	8h	4.6100	+0.087%	—	$2.4M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended KSM-USD	+0.0104%	1h	4.6107	+0.101%	$77K	$420K	5x	as long as short
BloFin KSM-USDT	+0.0114%	8h	4.6090	+0.065%	$111K	$18K	50x	as long as short