Funding you earn now, next payment 04:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h +0.054%
Price spread now: Binance against OKX−0.119%7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$900.898% of the position
Funding, last 7 days+0.360%+$36 on $10k
+Price spread, last 7 days+0.145%+$15 · spread now −0.119%, 7d avg +0.039%
=Funding pays, the price is against you. Binance is 0.158% cheaper against OKX than usual: you would sell low and buy high (spread −0.119% now, against its 7-day average of +0.039%). If the spread goes back, that is −$16 on $10k: about 21 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.360% in total) that is about 3.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX KSM-USDT-SWAP | 4.6240 | 0.0075 | pay 0.0038% / 4h | 1h 06m | $754K | $650K | 20x |
| Short | Binance KSMUSDT | 4.6185 | 0.0100 | get 0.0100% / 8h | 5h 06m | $2.0M | $2.8M | 50x |
OKX KSM-USDT-SWAP
Binance KSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- $5.22
- Price spread: −0.119% → +0.039%
- −$15.75
- Slippage, 4 orders
- −$69.81
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$100.34
- Costs to cover
- 0.898%
- Break-even
- 141.5 days
Slippage from OKX: live order book, 55 min ago; Binance: live order book, 14 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 OKX live order book, 55 min ago | 3.24 bp | 24.9 bp −$25 | 3799.6 bp −$38.0K | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 2.16 bp | 18.4 bp −$18 | 70.8 bp −$708 | 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 | 4.6278 | +0.081% | $37K | $1K | 20x | as long as short |
| Variational Omni KSM | −0.0245% | 8h | 4.6291 | +0.110% | $455K | $38K | — | as long as short |
| OKX KSM-USDT-SWAPlong | +0.0075% | 4h | 4.6240 | long leg | $754K | $650K | 20x | |
| BloFin KSM-USDT | +0.0092% | 8h | 4.6340 | +0.216% | $113K | $18K | 50x | as long as short |
| Binance KSMUSDTshort | +0.0100% | 8h | 4.6185 | −0.119% | $2.0M | $2.8M | 50x | |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6160 | −0.173% | $2.2M | $672K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6280 | +0.087% | $86K | $39K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6190 | −0.108% | $757K | $251K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6330 | +0.195% | $518K | $50K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6300 | +0.130% | $493K | $219K | 50x | as long as short |
Kraken Futures PF_KSMUSD
Variational Omni KSM
BloFin KSM-USDT
Bybit 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 | 4.6230 | −0.022% | — | $2.4M | — | as long as short |
| Extended KSM-USD | +0.0104% | 1h | 4.6190 | −0.108% | $78K | $317K | 5x | as long as short |
BingX KSM-USDT
Extended KSM-USD