Funding you earn now, next payment 02:00 UTC−0.0750%/8h= −82.1% APRpaid last 24h +0.025%
Price spread now: Kraken Futures against BingX+0.192%7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Kraken Futures is 0.192% dearer against BingX than usual: you sell high and buy low (spread +0.192% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 20 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX KSM-USDT | 4.6370 | 0.0100 | pay 0.0100% / 8h | 6h 23m | — | $2.4M | — |
| Short | Kraken Futures PF_KSMUSD | 4.6459 | −0.0650 | pay 0.0081% / 1h | 23m 30s | $37K | $5K | 20x |
BingX KSM-USDT
Kraken Futures PF_KSMUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- −$157.49
- Price spread: +0.192% → 0.000%
- $19.21
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$158.27
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 6 min ago; Kraken Futures: no order-book sample. 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 BingX live order book, 6 min ago | 6.48 bp | 25.8 bp −$26 | 56.5 bp −$565 | 801.5 bp −$80.2K | 1246.6 bp −$623.3K |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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 11 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_KSMUSDshort | −0.0650% | 1h | 4.6459 | +0.192% | $37K | $5K | 20x | |
| Variational Omni KSM | −0.0374% | 8h | 4.6372 | +0.005% | $456K | $41K | — | as long as short |
| OKX KSM-USDT-SWAP | +0.0082% | 4h | 4.6340 | −0.065% | $758K | $671K | 20x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.6395 | +0.054% | $2.0M | $2.9M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6370 | 0.000% | $2.2M | $701K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6390 | +0.043% | $88K | $38K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6390 | +0.043% | $757K | $248K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6420 | +0.108% | $519K | $49K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6400 | +0.065% | $495K | $230K | 50x | as long as short |
| BingX KSM-USDTlong | +0.0100% | 8h | 4.6370 | long leg | — | $2.4M | — |
Variational Omni KSM
OKX KSM-USDT-SWAP
Binance KSMUSDT
Bybit KSMUSDT
Gate KSM_USDT
MEXC KSM_USDT
KuCoin KSMUSDTM
Bitget KSMUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended KSM-USD | +0.0104% | 1h | 4.6386 | +0.033% | $78K | $321K | 5x | as long as short |
Extended KSM-USD