Funding you earn now, next payment 04:00 UTC−0.0070%/8h= −7.7% APRpaid last 24h −0.053%
Price spread now: OKX against BloFin−0.173%53s7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as 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−$890.885% of the position
Funding, last 7 days−0.358%−$36 on $10k
+Price spread, last 4 days (all we have)+0.865%+$87 · spread now −0.173%, 7d avg −0.068%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.104% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.068%). Swap the legs. The two prices were read 53 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 | 4.6290 | 0.0112 | pay 0.0112% / 8h | 5h 26m | $112K | $18K | 50x |
| Short | OKX KSM-USDT-SWAP | 4.6210 | 0.0042 | get 0.0021% / 4h | 1h 26m | $754K | $662K | 20x |
BloFin KSM-USDT
OKX KSM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$14.74
- Price spread: −0.173% → −0.068%
- −$10.44
- Slippage, 4 orders
- −$66.51
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$113.7
- Costs to cover
- 0.885%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; OKX: live order book, 35 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, 5 min ago | 2.16 bp | 14.1 bp −$14 | 37.8 bp −$378 | doesn't fit | doesn't fit |
| Sell OKX live order book, 35 min ago | 3.24 bp | 24.0 bp −$24 | doesn't fit | 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 | −0.0688% | 1h | 4.6287 | −0.006% | $37K | $1K | 20x | as long as short |
| Variational Omni KSM | −0.0298% | 8h | 4.6276 | −0.031% | $455K | $38K | — | as long as short |
| OKX KSM-USDT-SWAPshort | +0.0042% | 4h | 4.6210 | −0.173% | $754K | $662K | 20x | |
| Binance KSMUSDT | +0.0100% | 8h | 4.6289 | −0.001% | $2.0M | $2.8M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6230 | −0.130% | $2.2M | $675K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6330 | +0.086% | $88K | $38K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6290 | 0.000% | $753K | $249K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6320 | +0.065% | $518K | $50K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6280 | −0.022% | $493K | $226K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6310 | +0.043% | — | $2.4M | — | as long as short |
Kraken Futures PF_KSMUSD
Variational Omni KSM
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-USD | +0.0104% | 1h | 4.6285 | −0.011% | $82K | $315K | 5x | as long as short |
| BloFin KSM-USDTlong | +0.0112% | 8h | 4.6290 | long leg | $112K | $18K | 50x |
Extended KSM-USD