Funding you earn now, next payment 16:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.27 per $10,000 · paid last 24h +0.004%
Price spread now: Bitget against BloFin+0.065%75s7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as 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−$960.965% of the position
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 4 days (all we have)+0.326%+$33 · spread now +0.065%, 7d avg +0.020%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.045% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.020%. The two prices were read 75 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 | 4.5950 | 0.0073 | pay 0.0073% / 8h | 5h 55m | $109K | $18K | 50x |
| Short | Bitget KSMUSDT | 4.5980 | 0.0100 | get 0.0100% / 8h | 5h 55m | $482K | $174K | 50x |
BloFin KSM-USDT
Bitget KSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $5.68
- Price spread: +0.065% → +0.020%
- $4.52
- Slippage, 4 orders
- −$72.47
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$86.27
- Costs to cover
- 0.965%
- Break-even
- 113.3 days
Slippage from BloFin: live order book, 46 min ago; Bitget: live order book, 51 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, 46 min ago | 3.26 bp | 19.4 bp −$19 | 44.2 bp −$442 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 51 min ago | 5.43 bp | 30.7 bp −$31 | 90.1 bp −$901 | 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 | −0.0460% | 1h | 4.6047 | +0.212% | $37K | $995 | 20x | as long as short |
| Variational Omni KSM | −0.0231% | 8h | 4.5894 | −0.121% | $452K | $26K | — | as long as short |
| BloFin KSM-USDTlong | +0.0073% | 8h | 4.5950 | long leg | $109K | $18K | 50x | |
| Binance KSMUSDT | +0.0100% | 8h | 4.5976 | +0.056% | $2.0M | $2.4M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6040 | +0.196% | $2.1M | $611K | 50x | as long as short |
| OKX KSM-USDT-SWAP | +0.0100% | 4h | 4.5950 | 0.000% | $760K | $574K | 20x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6070 | +0.261% | $84K | $27K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.5980 | +0.065% | $726K | $194K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6060 | +0.239% | $505K | $23K | 30x | as long as short |
| Bitget KSMUSDTshort | +0.0100% | 8h | 4.5980 | +0.065% | $482K | $174K | 50x |
Kraken Futures PF_KSMUSD
Variational Omni KSM
Binance KSMUSDT
Bybit KSMUSDT
OKX KSM-USDT-SWAP
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 | 4.6010 | +0.131% | — | $2.3M | — | as long as short |
| Extended KSM-USD | +0.0104% | 1h | 4.6019 | +0.150% | $80K | $467K | 5x | as long as short |
BingX KSM-USDT
Extended KSM-USD