Funding you earn now, next payment 12:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h −0.056%
Price spread now: OKX against Bitget−0.174%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1071.074% of the position
Funding, last 7 days−0.395%−$40 on $10k
+Price spread, last 7 days+0.144%+$14 · spread now −0.174%, 7d avg −0.047%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and OKX is 0.127% cheaper against Bitget than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.047%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget KSMUSDT | 4.5970 | 0.0100 | pay 0.0100% / 8h | 5h 54m | $482K | $174K | 50x |
| Short | OKX KSM-USDT-SWAP | 4.5890 | 0.0091 | get 0.0045% / 4h | 1h 54m | $759K | $573K | 20x |
Bitget KSMUSDT
OKX KSM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$1.93
- Price spread: −0.174% → −0.047%
- −$12.7
- Slippage, 4 orders
- −$85.43
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$122.07
- Costs to cover
- 1.074%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 53 min ago; OKX: live order book, 55 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, 53 min ago | 5.43 bp | 24.5 bp −$24 | 79.8 bp −$798 | 28002.6 bp −$2.80M | doesn't fit |
| Sell OKX live order book, 55 min ago | 3.26 bp | 27.6 bp −$28 | doesn't fit | 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 | −0.0461% | 1h | 4.5993 | +0.050% | $37K | $995 | 20x | as long as short |
| Variational Omni KSM | −0.0223% | 8h | 4.5923 | −0.102% | $451K | $25K | — | as long as short |
| BloFin KSM-USDT | +0.0089% | 8h | 4.6030 | +0.131% | $110K | $18K | 50x | as long as short |
| OKX KSM-USDT-SWAPshort | +0.0091% | 4h | 4.5890 | −0.174% | $759K | $573K | 20x | |
| Binance KSMUSDT | +0.0100% | 8h | 4.5903 | −0.146% | $2.0M | $2.4M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.5900 | −0.152% | $2.1M | $610K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6010 | +0.087% | $84K | $27K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.5900 | −0.152% | $725K | $194K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6010 | +0.087% | $505K | $23K | 30x | as long as short |
| Bitget KSMUSDTlong | +0.0100% | 8h | 4.5970 | long leg | $482K | $174K | 50x |
Kraken Futures PF_KSMUSD
Variational Omni KSM
BloFin KSM-USDT
Binance KSMUSDT
Bybit KSMUSDT
Gate KSM_USDT
MEXC KSM_USDT
KuCoin KSMUSDTMShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX KSM-USDT | +0.0100% | 8h | 4.5980 | +0.022% | — | $2.3M | — | as long as short |
| Extended KSM-USD | +0.0104% | 1h | 4.5899 | −0.154% | $80K | $467K | 5x | as long as short |
BingX KSM-USDT
Extended KSM-USD