Funding you earn now, next payment 00:00 UTC−0.0443%/8h= −48.5% APRpaid last 24h +0.084%
Price spread now: Kraken Futures against BloFin+0.169%57s7-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 0.169% dearer against BloFin than usual: you sell high and buy low (spread +0.169% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 31 hours. The two prices were read 57 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 | BloFin KSM-USDT | 4.6180 | 0.0089 | pay 0.0089% / 8h | 25m 34s | $114K | $19K | 50x |
| Short | Kraken Futures PF_KSMUSD | 4.6258 | −0.0354 | pay 0.0044% / 1h | 25m 34s | $37K | $5K | 20x |
BloFin KSM-USDT
Kraken Futures PF_KSMUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- −$93.05
- Price spread: +0.169% → 0.000%
- $16.9
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$98.16
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 35 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 BloFin live order book, 35 min ago | 5.40 bp | 17.6 bp −$18 | 38.9 bp −$389 | doesn't fit | doesn't fit |
| 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 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 | −0.0567% | 8h | 4.6190 | +0.021% | $454K | $40K | — | as long as short |
| Kraken Futures PF_KSMUSDshort | −0.0354% | 1h | 4.6258 | +0.169% | $37K | $5K | 20x | |
| OKX KSM-USDT-SWAP | −0.0144% | 4h | 4.6120 | −0.130% | $756K | $657K | 20x | as long as short |
| BloFin KSM-USDTlong | +0.0089% | 8h | 4.6180 | long leg | $114K | $19K | 50x | |
| Binance KSMUSDT | +0.0100% | 8h | 4.6170 | −0.021% | $2.0M | $2.9M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6140 | −0.087% | $2.2M | $716K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6190 | +0.022% | $89K | $39K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6170 | −0.022% | $763K | $245K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6230 | +0.108% | $515K | $52K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6300 | +0.260% | $494K | $238K | 50x | as long as short |
Variational Omni KSM
OKX KSM-USDT-SWAP
Binance KSMUSDT
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 | 4.6160 | −0.043% | — | $2.4M | — | as long as short |
| Extended KSM-USD | +0.0104% | 1h | 4.6172 | −0.018% | $77K | $260K | 5x | as long as short |
BingX KSM-USDT
Extended KSM-USD