Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.26 per $10,000 · paid last 24h −0.010%
Price spread now: BloFin against BingX+0.151%96s7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as 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−$970.972% of the position
Funding, last 7 days−0.200%−$20 on $10k
+Price spread, last 3 days (all we have)−0.240%−$24 · spread now +0.151%, 7d avg +0.030%
=The price spread pays, funding is against you. BloFin is 0.120% dearer against BingX than usual: you sell high and buy low (spread +0.151% now, against its 7-day average of +0.030%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 days. At the pace of the last 7 days (−0.200% in total) that is about 4.2 days. The two prices were read 96 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 | BingX KSM-USDT | 4.6470 | 0.0100 | pay 0.0100% / 8h | 7h 27m | — | $2.4M | — |
| Short | BloFin KSM-USDT | 4.6540 | 0.0074 | get 0.0074% / 8h | 7h 27m | $114K | $18K | 50x |
BingX KSM-USDT
BloFin KSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$5.4
- Price spread: +0.151% → +0.030%
- $12.04
- Slippage, 4 orders
- −$75.24
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$90.59
- Costs to cover
- 0.972%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; BloFin: live order book, 28 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 BingX live order book, 7 min ago | 7.53 bp | 25.6 bp −$26 | 58.5 bp −$585 | 763.9 bp −$76.4K | 1164.3 bp −$582.1K |
| Sell BloFin live order book, 28 min ago | 2.16 bp | 18.5 bp −$18 | 53.2 bp −$532 | 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 | −0.0488% | 8h | 4.6433 | −0.080% | $456K | $40K | — | as long as short |
| Kraken Futures PF_KSMUSD | −0.0429% | 1h | 4.6476 | +0.013% | $37K | $5K | 20x | as long as short |
| OKX KSM-USDT-SWAP | −0.0021% | 4h | 4.6430 | −0.086% | $762K | $658K | 20x | as long as short |
| BloFin KSM-USDTshort | +0.0074% | 8h | 4.6540 | +0.151% | $114K | $18K | 50x | |
| Binance KSMUSDT | +0.0100% | 8h | 4.6504 | +0.074% | $2.1M | $2.8M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6430 | −0.086% | $2.2M | $702K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6430 | −0.086% | $89K | $38K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6500 | +0.065% | $781K | $245K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6530 | +0.129% | $520K | $51K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6510 | +0.086% | $499K | $226K | 50x | as long as short |
Variational Omni KSM
Kraken Futures PF_KSMUSD
OKX KSM-USDT-SWAP
Binance KSMUSDT
Bybit KSMUSDT
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-USDTlong | +0.0100% | 8h | 4.6470 | long leg | — | $2.4M | — | |
| Extended KSM-USD | +0.0104% | 1h | 4.6418 | −0.111% | $80K | $423K | 5x | as long as short |
Extended KSM-USD