Funding you earn now, next payment 08:00 UTC+0.0415%/8h= +45.4% APRnext payment +$4.15 per $10,000 · paid last 24h +0.229%
Price spread now: Bybit against Variational Omni−0.024%7-day average +0.044% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.923%+$92 on $10k
+Price spread, last 4 days (all we have)+0.453%+$45 · spread now −0.024%, 7d avg +0.044%
=Together, before fees+1.377%+ Points / potential airdropVariational Omni: Active · farm board+$138 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.068% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.044%). If the spread goes back, that is −$7 on $10k: about 13 hours of funding at the current rate (+$12 a day). At the pace of the last 3 days (+0.923% in total) that is about 6 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni KSM | 4.6171 | −0.0315 | get 0.0315% / 8h | 5h 33m | $454K | $38K | — |
| Short | Bybit KSMUSDT | 4.6160 | 0.0100 | get 0.0100% / 8h | 5h 33m | $2.2M | $675K | 50x |
Variational Omni KSM
Bybit KSMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Variational Omni. 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
- $87.14
- Price spread: −0.024% → +0.044%
- −$6.81
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $69.33
- Costs to cover
- 0.110%
- Break-even
- 1.4 days
Slippage unknown: Variational Omni: RFQ quote, 31 min ago; Bybit: live order book, 3 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 Variational Omni RFQ quote, 31 min ago | 4.86 bp | doesn't fit | 187.1 bp −$1,871 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 4.34 bp | 29.7 bp −$30 | 142.4 bp −$1,424 | 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 | 4.6265 | +0.204% | $37K | $1K | 20x | as long as short |
| Variational Omni KSMlong | −0.0315% | 8h | 4.6171 | long leg | $454K | $38K | — | |
| OKX KSM-USDT-SWAP | +0.0034% | 4h | 4.6180 | +0.019% | $753K | $662K | 20x | as long as short |
| BloFin KSM-USDT | +0.0078% | 8h | 4.6270 | +0.214% | $112K | $18K | 50x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.6240 | +0.149% | $2.0M | $2.8M | 50x | as long as short |
| Bybit KSMUSDTshort | +0.0100% | 8h | 4.6160 | −0.024% | $2.2M | $675K | 50x | |
| Gate KSM_USDT | +0.0100% | 8h | 4.6260 | +0.193% | $87K | $38K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6240 | +0.149% | $752K | $248K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6210 | +0.084% | $517K | $50K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6200 | +0.063% | $492K | $226K | 50x | as long as short |
Kraken Futures PF_KSMUSD
OKX KSM-USDT-SWAP
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 | 4.6220 | +0.106% | — | $2.4M | — | as long as short |
| Extended KSM-USD | +0.0104% | 1h | 4.6207 | +0.079% | $82K | $320K | 5x | as long as short |
BingX KSM-USDT
Extended KSM-USD