Funding you earn now, next payment 08:00 UTC+0.0012%/8h= +1.4% APRnext payment +$0.12 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against Binance+0.004%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$800.796% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.157%−$16 · spread now +0.004%, 7d avg −0.015%
=The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance KSMUSDT | 4.6238 | 0.0100 | pay 0.0100% / 8h | 1h 00m | $2.0M | $2.7M | 50x |
| Short | BloFin KSM-USDT | 4.6240 | 0.0112 | get 0.0112% / 8h | 1h 00m | $110K | $18K | 50x |
Binance KSMUSDT
BloFin KSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $2.6
- Price spread: +0.004% → −0.015%
- $1.91
- Slippage, 4 orders
- −$57.62
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$75.11
- Costs to cover
- 0.796%
- Break-even
- 208.8 days
Slippage from Binance: live order book, 4 min ago; BloFin: live order book, just now.
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 Binance live order book, 4 min ago | 1.08 bp | 21.8 bp −$22 | 67.6 bp −$676 | doesn't fit | doesn't fit |
| Sell BloFin live order book, just now | 3.24 bp | 17.6 bp −$18 | 49.0 bp −$490 | 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 | −0.0700% | 1h | 4.6315 | +0.166% | $37K | $1K | 20x | as long as short |
| Variational Omni KSM | −0.0286% | 8h | 4.6187 | −0.111% | $455K | $37K | — | as long as short |
| OKX KSM-USDT-SWAP | +0.0008% | 4h | 4.6260 | +0.047% | $767K | $639K | 20x | as long as short |
| Binance KSMUSDTlong | +0.0100% | 8h | 4.6238 | long leg | $2.0M | $2.7M | 50x | |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6220 | −0.039% | $2.2M | $711K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6390 | +0.328% | $85K | $36K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6240 | +0.004% | $728K | $242K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6310 | +0.155% | $512K | $31K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6320 | +0.177% | $483K | $187K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6280 | +0.090% | — | $2.4M | — | as long as short |
Kraken Futures PF_KSMUSD
Variational Omni KSM
OKX KSM-USDT-SWAP
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 | 4.6226 | −0.026% | $83K | $395K | 5x | as long as short |
| BloFin KSM-USDTshort | +0.0112% | 8h | 4.6240 | +0.004% | $110K | $18K | 50x |
Extended KSM-USD