Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%
Price spread now: Bybit against Binance−0.173%7-day average −0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1021.018% of the position
Funding, last 7 days+0.221%+$22 on $10k
+Price spread, last 7 days+0.097%+$10 · spread now −0.173%, 7d avg −0.097%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.075% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.097%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance KSMUSDT | 4.6250 | 0.0100 | pay 0.0100% / 8h | 27m 08s | $2.0M | $2.9M | 50x |
| Short | Bybit KSMUSDT | 4.6170 | 0.0100 | get 0.0100% / 8h | 27m 08s | $2.2M | $715K | 50x |
Binance KSMUSDT
Bybit KSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.173% → −0.097%
- −$7.55
- Slippage, 4 orders
- −$80.85
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$109.39
- Costs to cover
- 1.018%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; Bybit: live order book, 5 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 Binance live order book, 8 min ago | 2.16 bp | 21.3 bp −$21 | 71.5 bp −$715 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.25 bp | 31.2 bp −$31 | 138.7 bp −$1,387 | 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 | −0.0546% | 8h | 4.6150 | −0.217% | $455K | $40K | — | as long as short |
| Kraken Futures PF_KSMUSD | −0.0354% | 1h | 4.6321 | +0.153% | $37K | $5K | 20x | as long as short |
| OKX KSM-USDT-SWAP | −0.0137% | 4h | 4.6200 | −0.108% | $756K | $657K | 20x | as long as short |
| BloFin KSM-USDT | +0.0089% | 8h | 4.6180 | −0.151% | $114K | $19K | 50x | as long as short |
| Binance KSMUSDTlong | +0.0100% | 8h | 4.6250 | long leg | $2.0M | $2.9M | 50x | |
| Bybit KSMUSDTshort | +0.0100% | 8h | 4.6170 | −0.173% | $2.2M | $715K | 50x | |
| Gate KSM_USDT | +0.0100% | 8h | 4.6210 | −0.086% | $89K | $39K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6240 | −0.022% | $764K | $245K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6250 | 0.000% | $516K | $52K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6310 | +0.130% | $494K | $238K | 50x | as long as short |
Variational Omni KSM
Kraken Futures PF_KSMUSD
OKX KSM-USDT-SWAP
BloFin KSM-USDT
Gate KSM_USDT
MEXC KSM_USDT
KuCoin KSMUSDTM
Bitget KSMUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX KSM-USDT | +0.0100% | 8h | 4.6200 | −0.108% | — | $2.4M | — | as long as short |
| Extended KSM-USD | +0.0104% | 1h | 4.6221 | −0.062% | $77K | $260K | 5x | as long as short |
BingX KSM-USDT
Extended KSM-USD