Funding you earn now, next payment 00:00 UTC+0.0456%/8h= +50.0% APRnext payment +$0.57 per $10,000 · paid last 24h −0.072%
Price spread now: Extended against Kraken Futures−0.211%7-day average — · you buy dearer than you sell
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
=Funding pays, the price is against you. Extended is 0.211% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.211% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 37 hours of funding at the current rate (+$14 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_KSMUSD | 4.6494 | −0.0352 | get 0.0044% / 1h | 46m 41s | $37K | $5K | 20x |
| Short | Extended KSM-USD | 4.6395 | 0.0104 | get 0.0013% / 1h | 46m 41s | $77K | $260K | 5x |
Kraken Futures PF_KSMUSD
Extended KSM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Kraken Futures. 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
- $95.83
- Price spread: −0.211% → 0.000%
- −$21.15
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $59.68
- Costs to cover
- 0.150%
- Break-even
- 2.6 days
Slippage unknown: Kraken Futures: no order-book sample; Extended: live order book, 31 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Extended live order book, 31 min ago | 3.47 bp | 36.2 bp −$36 | 264.6 bp −$2,646 | doesn't fit | doesn't fit |
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 | −0.0499% | 8h | 4.6319 | −0.375% | $455K | $40K | — | as long as short |
| Kraken Futures PF_KSMUSDlong | −0.0352% | 1h | 4.6494 | long leg | $37K | $5K | 20x | |
| OKX KSM-USDT-SWAP | +0.0023% | 4h | 4.6440 | −0.115% | $759K | $659K | 20x | as long as short |
| BloFin KSM-USDT | +0.0080% | 8h | 4.6460 | −0.072% | $113K | $19K | 50x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.6460 | −0.072% | $2.0M | $2.8M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6390 | −0.223% | $2.2M | $716K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6430 | −0.137% | $89K | $39K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6420 | −0.158% | $767K | $244K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6470 | −0.051% | $518K | $52K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6430 | −0.137% | $496K | $238K | 50x | as long as short |
Variational Omni KSM
OKX KSM-USDT-SWAP
BloFin KSM-USDT
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 | 4.6430 | −0.137% | — | $2.4M | — | as long as short |
| Extended KSM-USDshort | +0.0104% | 1h | 4.6395 | −0.211% | $77K | $260K | 5x |
BingX KSM-USDT