Funding you earn now, next payment 04:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.042%
Price spread now: Bitget against OKX+0.194%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$970.974% of the position
Funding, last 7 days+0.405%+$40 on $10k
+Price spread, last 7 days−0.176%−$18 · spread now +0.194%, 7d avg +0.042%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bitget is 0.152% dearer against OKX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.042%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX KSM-USDT-SWAP | 4.6400 | −0.0044 | get 0.0022% / 4h | 3h 31m | $759K | $648K | 20x |
| Short | Bitget KSMUSDT | 4.6490 | 0.0100 | get 0.0100% / 8h | 7h 31m | $497K | $224K | 50x |
OKX KSM-USDT-SWAP
Bitget KSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $30.23
- Price spread: +0.194% → +0.042%
- $15.15
- Slippage, 4 orders
- −$75.39
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$52.01
- Costs to cover
- 0.974%
- Break-even
- 19.0 days
Slippage from OKX: live order book, 39 min ago; Bitget: live order book, 38 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, 39 min ago | 2.16 bp | 24.0 bp −$24 | 3653.4 bp −$36.5K | doesn't fit | doesn't fit |
| Sell Bitget live order book, 38 min ago | 8.64 bp | 31.5 bp −$32 | 94.7 bp −$947 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni KSM | −0.0499% | 8h | 4.6343 | −0.123% | $455K | $40K | — | as long as short |
| Kraken Futures PF_KSMUSD | −0.0429% | 1h | 4.6460 | +0.129% | $37K | $5K | 20x | as long as short |
| OKX KSM-USDT-SWAPlong | −0.0044% | 4h | 4.6400 | long leg | $759K | $648K | 20x | |
| Binance KSMUSDT | +0.0100% | 8h | 4.6472 | +0.154% | $2.1M | $2.8M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6440 | +0.086% | $2.2M | $696K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6450 | +0.108% | $89K | $38K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6460 | +0.129% | $781K | $245K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6510 | +0.237% | $519K | $51K | 30x | as long as short |
| Bitget KSMUSDTshort | +0.0100% | 8h | 4.6490 | +0.194% | $497K | $224K | 50x | |
| BingX KSM-USDT | +0.0100% | 8h | 4.6500 | +0.216% | — | $2.4M | — | as long as short |
Variational Omni KSM
Kraken Futures PF_KSMUSD
Binance KSMUSDT
Bybit KSMUSDT
Gate KSM_USDT
MEXC KSM_USDT
KuCoin KSMUSDTM
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 | 4.6459 | +0.128% | $82K | $441K | 5x | as long as short |
| BloFin KSM-USDT | +0.0109% | 8h | 4.6480 | +0.172% | $113K | $18K | 50x | as long as short |
Extended KSM-USD
BloFin KSM-USDT