Funding you earn now, next payment 08:00 UTC−0.0251%/8h= −27.4% APRpaid last 24h −0.083%
Price spread now: OKX against Bybit+0.065%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1081.083% of the position
Funding, last 7 days−0.572%−$57 on $10k
+Price spread, last 7 days−0.069%−$7 · spread now +0.065%, 7d avg +0.058%
=The price spread sits at its 7-day average of +0.058%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit KSMUSDT | 4.6030 | 0.0100 | pay 0.0100% / 8h | 1h 27m | $2.2M | $718K | 50x |
| Short | OKX KSM-USDT-SWAP | 4.6060 | −0.0151 | pay 0.0075% / 4h | 1h 27m | $763K | $640K | 20x |
Bybit KSMUSDT
OKX KSM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$52.62
- Price spread: +0.065% → +0.058%
- $0.76
- Slippage, 4 orders
- −$87.34
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$160.2
- Costs to cover
- 1.083%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 9 min ago; OKX: live order book, 13 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, 9 min ago | 5.45 bp | 28.0 bp −$28 | 146.0 bp −$1,460 | doesn't fit | doesn't fit |
| Sell OKX live order book, 13 min ago | 6.51 bp | 26.4 bp −$26 | 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 | −0.0702% | 1h | 4.6146 | +0.253% | $37K | $1K | 20x | as long as short |
| Variational Omni KSM | −0.0363% | 8h | 4.5957 | −0.159% | $452K | $38K | — | as long as short |
| OKX KSM-USDT-SWAPshort | −0.0151% | 4h | 4.6060 | +0.065% | $763K | $640K | 20x | |
| BloFin KSM-USDT | +0.0093% | 8h | 4.6080 | +0.109% | $110K | $18K | 50x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.6104 | +0.161% | $2.0M | $2.7M | 50x | as long as short |
| Bybit KSMUSDTlong | +0.0100% | 8h | 4.6030 | long leg | $2.2M | $718K | 50x | |
| Gate KSM_USDT | +0.0100% | 8h | 4.6070 | +0.087% | $85K | $36K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6090 | +0.130% | $729K | $241K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6060 | +0.065% | $509K | $32K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6100 | +0.152% | $481K | $189K | 50x | as long as short |
Kraken Futures PF_KSMUSD
Variational Omni KSM
BloFin KSM-USDT
Binance 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX KSM-USDT | +0.0100% | 8h | 4.6050 | +0.043% | — | $2.3M | — | as long as short |
| Extended KSM-USD | +0.0104% | 1h | 4.6080 | +0.108% | $77K | $390K | 5x | as long as short |
BingX KSM-USDT
Extended KSM-USD