Funding you earn now, next payment 21:00 UTC+0.0649%/8h= +71.0% APRpaid last 24h −0.124%
Price spread now: BingX against Kraken Futures−0.202%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. BingX is 0.202% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.202% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 25 hours of funding at the current rate (+$19 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_KSMUSD | 4.6334 | −0.0549 | get 0.0069% / 1h | 32m 12s | $37K | $6K | 20x |
| Short | BingX KSM-USDT | 4.6240 | 0.0100 | get 0.0100% / 8h | 3h 32m | — | $2.4M | — |
Kraken Futures PF_KSMUSD
BingX KSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. 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
- $136.2
- Price spread: −0.202% → 0.000%
- −$20.21
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $95.99
- Costs to cover
- 0.200%
- Break-even
- 2.1 days
Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 12 min ago. Net counts fees only.
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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 12 min ago | 4.36 bp | 24.9 bp −$25 | 58.2 bp −$582 | 567.3 bp −$56.7K | 1020.3 bp −$510.1K |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni KSM | −0.0690% | 8h | 4.6051 | −0.611% | $453K | $41K | — | as long as short |
| Kraken Futures PF_KSMUSDlong | −0.0549% | 1h | 4.6334 | long leg | $37K | $6K | 20x | |
| OKX KSM-USDT-SWAP | −0.0181% | 4h | 4.6240 | −0.202% | $760K | $674K | 20x | as long as short |
| MEXC KSM_USDT | +0.0025% | 8h | 4.6210 | −0.267% | $721K | $247K | 20x | as long as short |
| BloFin KSM-USDT | +0.0027% | 8h | 4.6190 | −0.310% | $114K | $19K | 50x | as long as short |
| Binance KSMUSDT | +0.0028% | 8h | 4.6266 | −0.146% | $2.0M | $3.0M | 50x | as long as short |
| Extended KSM-USD | +0.0032% | 1h | 4.6266 | −0.147% | $77K | $260K | 5x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6240 | −0.202% | $2.2M | $759K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6260 | −0.159% | $90K | $42K | 33x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6260 | −0.159% | $516K | $54K | 30x | as long as short |
Variational Omni KSM
OKX KSM-USDT-SWAP
MEXC KSM_USDT
BloFin KSM-USDT
Binance KSMUSDT
Extended KSM-USD
Bybit KSMUSDT
Gate KSM_USDT
KuCoin KSMUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget KSMUSDT | +0.0100% | 8h | 4.6280 | −0.116% | $495K | $248K | 50x | as long as short |
| BingX KSM-USDTshort | +0.0100% | 8h | 4.6240 | −0.202% | — | $2.4M | — |
Bitget KSMUSDT