Funding you earn now, next payment 07:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.002%
Price spread now: Extended against BloFin−0.060%54s7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$139as 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−$1241.243% of the position
Funding, last 7 days−0.143%−$14 on $10k
+Price spread, last 4 days (all we have)+0.188%+$19 · spread now −0.060%, 7d avg −0.021%
=Together, before fees+0.044%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Extended is 0.040% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.021%). Swap the legs. The two prices were read 54 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 | 4.6190 | 0.0116 | pay 0.0116% / 8h | 1h 54m | $110K | $18K | 50x |
| Short | Extended KSM-USD | 4.6162 | 0.0104 | get 0.0013% / 1h | 54m 16s | $77K | $420K | 5x |
BloFin KSM-USDT
Extended KSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$2.55
- Price spread: −0.060% → −0.021%
- −$3.98
- Slippage, 4 orders
- −$107.26
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$130.8
- Costs to cover
- 1.243%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 12 min ago; Extended: live order book, 53 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, 12 min ago | 2.17 bp | 14.4 bp −$14 | 40.1 bp −$401 | doesn't fit | doesn't fit |
| Sell Extended live order book, 53 min ago | 3.58 bp | 56.7 bp −$57 | 310.0 bp −$3,100 | 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 | −0.0701% | 1h | 4.6253 | +0.137% | $37K | $1K | 20x | as long as short |
| Variational Omni KSM | −0.0399% | 8h | 4.6182 | −0.017% | $454K | $38K | — | as long as short |
| OKX KSM-USDT-SWAP | −0.0306% | 4h | 4.6170 | −0.043% | $766K | $650K | 20x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.6173 | −0.038% | $2.0M | $2.8M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6160 | −0.065% | $2.2M | $714K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6110 | −0.173% | $85K | $35K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6110 | −0.173% | $729K | $239K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6260 | +0.152% | $511K | $32K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6060 | −0.281% | $480K | $200K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6060 | −0.281% | — | $2.4M | — | as long as short |
Kraken Futures PF_KSMUSD
Variational Omni KSM
OKX KSM-USDT-SWAP
Binance KSMUSDT
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-USDshort | +0.0104% | 1h | 4.6162 | −0.060% | $77K | $420K | 5x | |
| BloFin KSM-USDTlong | +0.0116% | 8h | 4.6190 | long leg | $110K | $18K | 50x |