Funding you earn now, next payment 00:00 UTC−0.0297%/8h= −32.5% APRpaid last 24h −0.054%
Price spread now: OKX against BingX+0.022%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$1021.016% of the position
Funding, last 7 days−0.556%−$56 on $10k
+Price spread, last 7 days+0.003%$0 · spread now +0.022%, 7d avg 0.000%
=The price spread pays, funding is against you. OKX is 0.022% dearer against BingX than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of 0.000%): +$2 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 6 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX KSM-USDT | 4.6220 | 0.0100 | pay 0.0100% / 8h | 19m 25s | — | $2.4M | — |
| Short | OKX KSM-USDT-SWAP | 4.6230 | −0.0197 | pay 0.0099% / 4h | 19m 25s | $757K | $658K | 20x |
BingX KSM-USDT
OKX KSM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$62.39
- Price spread: +0.022% → 0.000%
- $2.2
- Slippage, 4 orders
- −$81.58
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$161.77
- Costs to cover
- 1.016%
- Break-even
- never at this rate
Slippage from BingX: live order book, 15 min ago; OKX: live order book, 57 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, 15 min ago | 7.58 bp | 23.7 bp −$24 | 57.3 bp −$573 | 766.7 bp −$76.7K | 1161.6 bp −$580.8K |
| Sell OKX live order book, 57 min ago | 2.17 bp | 26.8 bp −$27 | doesn't fit | 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 | −0.0590% | 8h | 4.6134 | −0.187% | $454K | $41K | — | as long as short |
| Kraken Futures PF_KSMUSD | −0.0354% | 1h | 4.6284 | +0.139% | $37K | $5K | 20x | as long as short |
| OKX KSM-USDT-SWAPshort | −0.0197% | 4h | 4.6230 | +0.022% | $757K | $658K | 20x | |
| Binance KSMUSDT | +0.0100% | 8h | 4.6241 | +0.044% | $2.0M | $2.9M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6190 | −0.065% | $2.2M | $714K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6190 | −0.065% | $89K | $39K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6230 | +0.022% | $764K | $245K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6230 | +0.022% | $515K | $52K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6240 | +0.043% | $494K | $237K | 50x | as long as short |
| BingX KSM-USDTlong | +0.0100% | 8h | 4.6220 | long leg | — | $2.4M | — |
Variational Omni KSM
Kraken Futures PF_KSMUSD
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 | |
|---|---|---|---|---|---|---|---|---|
| Extended KSM-USD | +0.0104% | 1h | 4.6221 | +0.003% | $78K | $260K | 5x | as long as short |
| BloFin KSM-USDT | +0.0114% | 8h | 4.6210 | −0.022% | $113K | $19K | 50x | as long as short |
Extended KSM-USD
BloFin KSM-USDT