Funding you earn now, next payment 00:00 UTC+0.0215%/8h= +23.6% APRpaid last 24h +0.008%
Price spread now: Bitget against OKX+0.152%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$1071.075% of the position
Funding, last 7 days+0.403%+$40 on $10k
+Price spread, last 7 days−0.122%−$12 · spread now +0.152%, 7d avg +0.042%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bitget is 0.110% dearer against OKX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.042%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX KSM-USDT-SWAP | 4.5990 | −0.0115 | get 0.0058% / 4h | 1h 58m | $756K | $660K | 20x |
| Short | Bitget KSMUSDT | 4.6060 | 0.0100 | get 0.0100% / 8h | 1h 58m | $492K | $242K | 50x |
OKX KSM-USDT-SWAP
Bitget KSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against OKX. 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
- $45.22
- Price spread: +0.152% → +0.042%
- $11.02
- Slippage, 4 orders
- −$85.47
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$51.23
- Costs to cover
- 1.075%
- Break-even
- 14.9 days
Slippage from OKX: live order book, 23 min ago; Bitget: live order book, 21 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, 23 min ago | 5.42 bp | 27.8 bp −$28 | 4415.6 bp −$44.2K | doesn't fit | doesn't fit |
| Sell Bitget live order book, 21 min ago | 4.32 bp | 39.1 bp −$39 | 102.1 bp −$1,021 | 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 | −0.0581% | 8h | 4.5943 | −0.101% | $451K | $40K | — | as long as short |
| Kraken Futures PF_KSMUSD | −0.0430% | 1h | 4.6085 | +0.208% | $37K | $7K | 20x | as long as short |
| OKX KSM-USDT-SWAPlong | −0.0115% | 4h | 4.5990 | long leg | $756K | $660K | 20x | |
| BloFin KSM-USDT | +0.0080% | 8h | 4.6050 | +0.130% | $114K | $19K | 50x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.6032 | +0.092% | $2.0M | $3.0M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6020 | +0.065% | $2.2M | $727K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6120 | +0.283% | $89K | $41K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6040 | +0.109% | $719K | $247K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6120 | +0.283% | $514K | $54K | 30x | as long as short |
| Bitget KSMUSDTshort | +0.0100% | 8h | 4.6060 | +0.152% | $492K | $242K | 50x |
Variational Omni KSM
Kraken Futures PF_KSMUSD
BloFin KSM-USDT
Binance KSMUSDT
Bybit KSMUSDT
Gate KSM_USDT
MEXC KSM_USDT
KuCoin KSMUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX KSM-USDT | +0.0100% | 8h | 4.6010 | +0.043% | — | $2.4M | — | as long as short |
| Extended KSM-USD | +0.0104% | 1h | 4.6042 | +0.113% | $76K | $260K | 5x | as long as short |
BingX KSM-USDT
Extended KSM-USD