Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.4% APRnext payment −$0.12 per $10,000 · paid last 24h +0.010%
Price spread now: BingX against BloFin+0.065%81s7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as 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−$850.846% of the position
Funding, last 7 days+0.200%+$20 on $10k
+Price spread, last 4 days (all we have)+0.025%+$2 · spread now +0.065%, 7d avg −0.019%
=The price spread pays, funding is against you. BingX is 0.084% dearer against BloFin than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of −0.019%): +$8 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 23 days. Mind the row above: over the last 7 days funding on this pair paid +0.200%, so the current rate has only just turned against you. The two prices were read 81 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 | BloFin KSM-USDT | 4.6240 | 0.0112 | pay 0.0112% / 8h | 59m 44s | $110K | $18K | 50x |
| Short | BingX KSM-USDT | 4.6270 | 0.0100 | get 0.0100% / 8h | 59m 44s | — | $2.4M | — |
BloFin KSM-USDT
BingX KSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$2.6
- Price spread: +0.065% → −0.019%
- $8.43
- Slippage, 4 orders
- −$62.55
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$78.72
- Costs to cover
- 0.846%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; BingX: live order book, 4 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, 2 min ago | 3.24 bp | 17.7 bp −$18 | 46.5 bp −$465 | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 5.40 bp | 23.9 bp −$24 | 58.3 bp −$583 | 571.2 bp −$57.1K | 1011.6 bp −$505.8K |
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 | −0.0700% | 1h | 4.6327 | +0.189% | $37K | $1K | 20x | as long as short |
| Variational Omni KSM | −0.0286% | 8h | 4.6187 | −0.115% | $455K | $37K | — | as long as short |
| OKX KSM-USDT-SWAP | +0.0002% | 4h | 4.6240 | 0.000% | $767K | $638K | 20x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.6241 | +0.003% | $2.0M | $2.7M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6230 | −0.022% | $2.2M | $712K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6380 | +0.303% | $85K | $36K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6260 | +0.043% | $729K | $243K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6310 | +0.151% | $512K | $31K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6320 | +0.173% | $483K | $187K | 50x | as long as short |
| BingX KSM-USDTshort | +0.0100% | 8h | 4.6270 | +0.065% | — | $2.4M | — |
Kraken Futures PF_KSMUSD
Variational Omni KSM
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 | |
|---|---|---|---|---|---|---|---|---|
| Extended KSM-USD | +0.0104% | 1h | 4.6246 | +0.014% | $83K | $395K | 5x | as long as short |
| BloFin KSM-USDTlong | +0.0112% | 8h | 4.6240 | long leg | $110K | $18K | 50x |
Extended KSM-USD