Funding you earn now, next payment 08:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.09 per $10,000 · paid last 24h +0.001%
Price spread now: Binance against BloFin+0.055%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$810.813% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.083%+$8 · spread now +0.055%, 7d avg +0.015%
=The price spread pays, funding is against you. Binance is 0.041% dearer against BloFin than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of +0.015%): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 14 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin KSM-USDT | 4.6220 | 0.0109 | pay 0.0109% / 8h | 17m 07s | $111K | $18K | 50x |
| Short | Binance KSMUSDT | 4.6245 | 0.0100 | get 0.0100% / 8h | 17m 07s | $2.0M | $2.7M | 50x |
BloFin KSM-USDT
Binance KSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$1.98
- Price spread: +0.055% → +0.015%
- $4.06
- Slippage, 4 orders
- −$59.34
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$79.27
- Costs to cover
- 0.813%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 44 min ago; Binance: 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 BloFin live order book, 44 min ago | 3.24 bp | 17.7 bp −$18 | 46.5 bp −$465 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 4.33 bp | 24.4 bp −$24 | 76.4 bp −$764 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_KSMUSD | −0.0392% | 1h | 4.6307 | +0.188% | $37K | $994 | 20x | as long as short |
| Variational Omni KSM | −0.0234% | 8h | 4.6112 | −0.234% | $454K | $37K | — | as long as short |
| OKX KSM-USDT-SWAP | +0.0040% | 4h | 4.6250 | +0.065% | $767K | $629K | 20x | as long as short |
| Binance KSMUSDTshort | +0.0100% | 8h | 4.6245 | +0.055% | $2.0M | $2.7M | 50x | |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6200 | −0.043% | $2.2M | $688K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6250 | +0.065% | $85K | $31K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6250 | +0.065% | $729K | $248K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6250 | +0.065% | $511K | $29K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6230 | +0.022% | $481K | $182K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6230 | +0.022% | — | $2.3M | — | as long as short |
Kraken Futures PF_KSMUSD
Variational Omni KSM
OKX KSM-USDT-SWAP
Bybit KSMUSDT
Gate KSM_USDT
MEXC KSM_USDT
KuCoin KSMUSDTM
Bitget KSMUSDT
BingX KSM-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended KSM-USD | +0.0104% | 1h | 4.6267 | +0.102% | $78K | $456K | 5x | as long as short |
| BloFin KSM-USDTlong | +0.0109% | 8h | 4.6220 | long leg | $111K | $18K | 50x |
Extended KSM-USD