Funding you earn now, next payment 08:00 UTC−0.0025%/8h= −2.8% APRnext payment −$0.25 per $10,000 · paid last 24h −0.010%
Price spread now: BloFin against KuCoin−0.195%110s7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$941as 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−$9229.223% of the position
Funding, last 7 days−0.188%−$19 on $10k
+Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.195%, 7d avg −0.072%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.124% cheaper against KuCoin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.072%). Swap the legs. The two prices were read 110 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 | KuCoin KSMUSDTM | 4.6120 | 0.0100 | pay 0.0100% / 8h | 2h 45m | $510K | $32K | 30x |
| Short | BloFin KSM-USDT | 4.6030 | 0.0075 | get 0.0075% / 8h | 2h 45m | $110K | $18K | 50x |
KuCoin KSMUSDTM
BloFin KSM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. 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
- −$5.29
- Price spread: −0.195% → −0.072%
- −$12.35
- Slippage, 4 orders
- −$898.34
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$939.98
- Costs to cover
- 9.223%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 13 min ago; BloFin: live order book, 26 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 KuCoin live order book, 13 min ago | 21.77 bp | 433.2 bp −$433 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 26 min ago | 1.08 bp | 16.6 bp −$17 | 47.3 bp −$473 | 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 | −0.0489% | 1h | 4.6093 | −0.059% | $37K | $1K | 20x | as long as short |
| OKX KSM-USDT-SWAP | −0.0436% | 4h | 4.6000 | −0.260% | $755K | $625K | 20x | as long as short |
| Variational Omni KSM | −0.0357% | 8h | 4.5957 | −0.354% | $453K | $38K | — | as long as short |
| BloFin KSM-USDTshort | +0.0075% | 8h | 4.6030 | −0.195% | $110K | $18K | 50x | |
| Binance KSMUSDT | +0.0100% | 8h | 4.6037 | −0.179% | $2.0M | $2.7M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.5980 | −0.304% | $2.2M | $664K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6090 | −0.065% | $85K | $37K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6060 | −0.130% | $739K | $238K | 20x | as long as short |
| KuCoin KSMUSDTMlong | +0.0100% | 8h | 4.6120 | long leg | $510K | $32K | 30x | |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6100 | −0.043% | $483K | $208K | 50x | as long as short |
Kraken Futures PF_KSMUSD
OKX KSM-USDT-SWAP
Variational Omni KSM
Binance KSMUSDT
Bybit KSMUSDT
Gate KSM_USDT
MEXC KSM_USDT
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 | 4.6020 | −0.217% | — | $2.4M | — | as long as short |
| Extended KSM-USD | +0.0104% | 1h | 4.6028 | −0.200% | $77K | $420K | 5x | as long as short |
BingX KSM-USDT
Extended KSM-USD