Funding you earn now, next payment 04:00 UTC+0.0168%/8h= +18.4% APRpaid last 24h +0.053%
Price spread now: BloFin against OKX+0.413%563s7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as 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−$860.864% of the position
Funding, last 7 days+0.358%+$36 on $10k
+Price spread, last 3 days (all we have)−0.454%−$45 · spread now +0.413%, 7d avg +0.068%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BloFin is 0.345% dearer against OKX than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of +0.068%. The two prices were read 563 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 | OKX KSM-USDT-SWAP | 4.5980 | −0.0043 | get 0.0022% / 4h | 2h 39m | $753K | $675K | 20x |
| Short | BloFin KSM-USDT | 4.6170 | 0.0125 | get 0.0125% / 8h | 6h 39m | $112K | $19K | 50x |
OKX KSM-USDT-SWAP
BloFin KSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $35.25
- Price spread: +0.413% → +0.068%
- $34.48
- Slippage, 4 orders
- −$64.42
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$16.69
- Costs to cover
- 0.864%
- Break-even
- 10.3 days
Slippage from OKX: live order book, 26 min ago; BloFin: live order book, 10 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, 26 min ago | 3.23 bp | 23.5 bp −$23 | 3465.2 bp −$34.7K | doesn't fit | doesn't fit |
| Sell BloFin live order book, 10 min ago | 7.56 bp | 21.3 bp −$21 | 61.1 bp −$611 | 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 | +0.227% | $37K | $5K | 20x | as long as short |
| Variational Omni KSM | −0.0401% | 8h | 4.6113 | +0.289% | $454K | $41K | — | as long as short |
| OKX KSM-USDT-SWAPlong | −0.0043% | 4h | 4.5980 | long leg | $753K | $675K | 20x | |
| Binance KSMUSDT | +0.0100% | 8h | 4.6070 | +0.196% | $2.0M | $2.9M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6080 | +0.217% | $2.2M | $702K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6100 | +0.261% | $88K | $38K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6050 | +0.152% | $746K | $246K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6080 | +0.217% | $515K | $49K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6110 | +0.283% | $493K | $230K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6070 | +0.196% | — | $2.4M | — | as long as short |
Kraken Futures PF_KSMUSD
Variational Omni KSM
Binance KSMUSDT
Bybit 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 | 4.6060 | +0.174% | $77K | $326K | 5x | as long as short |
| BloFin KSM-USDTshort | +0.0125% | 8h | 4.6170 | +0.413% | $112K | $19K | 50x |
Extended KSM-USD