Funding you earn now, next payment 08:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.16 per $10,000 · paid last 24h −0.010%
Price spread now: BloFin against Bybit+0.108%52s7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as 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−$1011.011% of the position
Funding, last 7 days−0.219%−$22 on $10k
+Price spread, last 4 days (all we have)−0.181%−$18 · spread now +0.108%, 7d avg +0.087%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.021% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.087%. Mind the row above: over the last 7 days funding on this pair cost −0.219%, so the current rate has only just turned in your favour. The two prices were read 52 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 | Bybit KSMUSDT | 4.6140 | 0.0100 | pay 0.0100% / 8h | 1h 54m | $2.2M | $711K | 50x |
| Short | BloFin KSM-USDT | 4.6190 | 0.0116 | get 0.0116% / 8h | 1h 54m | $110K | $18K | 50x |
Bybit KSMUSDT
BloFin KSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- $3.39
- Price spread: +0.108% → +0.087%
- $2.13
- Slippage, 4 orders
- −$78.13
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$95.61
- Costs to cover
- 1.011%
- Break-even
- 204.4 days
Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 12 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 Bybit live order book, 2 min ago | 4.33 bp | 30.3 bp −$30 | 220.1 bp −$2,201 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 12 min ago | 2.17 bp | 25.3 bp −$25 | 62.6 bp −$626 | 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 | 4.6249 | +0.236% | $37K | $1K | 20x | as long as short |
| Variational Omni KSM | −0.0399% | 8h | 4.6182 | +0.091% | $454K | $38K | — | as long as short |
| OKX KSM-USDT-SWAP | −0.0306% | 4h | 4.6170 | +0.065% | $766K | $650K | 20x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.6174 | +0.073% | $2.0M | $2.8M | 50x | as long as short |
| Bybit KSMUSDTlong | +0.0100% | 8h | 4.6140 | long leg | $2.2M | $711K | 50x | |
| Gate KSM_USDT | +0.0100% | 8h | 4.6230 | +0.195% | $84K | $35K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6170 | +0.065% | $730K | $239K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6260 | +0.260% | $511K | $32K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6210 | +0.152% | $482K | $199K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6180 | +0.087% | — | $2.4M | — | as long as short |
Kraken Futures PF_KSMUSD
Variational Omni KSM
OKX KSM-USDT-SWAP
Binance 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 | 4.6168 | +0.061% | $77K | $420K | 5x | as long as short |
| BloFin KSM-USDTshort | +0.0116% | 8h | 4.6190 | +0.108% | $110K | $18K | 50x |
Extended KSM-USD