Funding you earn now, next payment 16:00 UTC−0.0062%/8h= −6.8% APRnext payment −$0.62 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Bitget−0.306%7-day average −0.107% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1171.173% of the position
Funding, last 7 days+0.172%+$17 on $10k
+Price spread, last 7 days+0.219%+$22 · spread now −0.306%, 7d avg −0.107%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.199% cheaper against Bitget than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.107%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.172%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget KSMUSDT | 4.5780 | 0.0100 | pay 0.0100% / 8h | 4h 51m | $475K | $163K | 50x |
| Short | Bybit KSMUSDT | 4.5640 | 0.0038 | get 0.0038% / 8h | 4h 51m | $2.1M | $586K | 50x |
Bitget KSMUSDT
Bybit KSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bitget. 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
- −$12.95
- Price spread: −0.306% → −0.107%
- −$19.9
- Slippage, 4 orders
- −$94.27
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$150.11
- Costs to cover
- 1.173%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 47 min ago; Bybit: live order book, 3 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 Bitget live order book, 47 min ago | 9.81 bp | 27.6 bp −$28 | 76.6 bp −$766 | 26097.5 bp −$2.61M | doesn't fit |
| Sell Bybit live order book, 3 min ago | 4.38 bp | 30.0 bp −$30 | 197.2 bp −$1,972 | doesn't fit | doesn't fit |
KSM on 12 exchanges
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 | −0.0876% | 1h | 4.5804 | +0.053% | $37K | $996 | 20x | as long as short |
| Variational Omni KSM | −0.0475% | 8h | 4.5673 | −0.234% | $451K | $25K | — | as long as short |
| OKX KSM-USDT-SWAP | −0.0139% | 4h | 4.5620 | −0.349% | $755K | $550K | 20x | as long as short |
| Bybit KSMUSDTshort | +0.0038% | 8h | 4.5640 | −0.306% | $2.1M | $586K | 50x | |
| Binance KSMUSDT | +0.0100% | 8h | 4.5697 | −0.182% | $2.0M | $2.3M | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.5800 | +0.044% | $83K | $27K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.5700 | −0.175% | $716K | $182K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.5710 | −0.153% | $500K | $24K | 30x | as long as short |
| Bitget KSMUSDTlong | +0.0100% | 8h | 4.5780 | long leg | $475K | $163K | 50x | |
| BingX KSM-USDT | +0.0100% | 8h | 4.5680 | −0.218% | — | $2.3M | — | as long as short |
Kraken Futures PF_KSMUSD
Variational Omni KSM
OKX KSM-USDT-SWAP
Binance KSMUSDT
Gate KSM_USDT
MEXC KSM_USDT
KuCoin KSMUSDTM
BingX KSM-USDTShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended KSM-USD | +0.0104% | 1h | 4.5671 | −0.239% | $77K | $466K | 5x | as long as short |
| BloFin KSM-USDT | +0.0130% | 8h | 4.5720 | −0.131% | $110K | $19K | 50x | as long as short |
Extended KSM-USD
BloFin KSM-USDT