Funding you earn now, next payment 07:00 UTC−0.0800%/8h= −87.6% APRpaid last 24h −0.184%
Price spread now: Kraken Futures against KuCoin+0.011%52s7-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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$24 a day on $10k at the current rate. The two prices were read 52 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 | KuCoin KSMUSDTM | 4.6310 | 0.0100 | pay 0.0100% / 8h | 1h 00m | $512K | $31K | 30x |
| Short | Kraken Futures PF_KSMUSD | 4.6315 | −0.0700 | pay 0.0087% / 1h | 0m 28s | $37K | $1K | 20x |
KuCoin KSMUSDTM
Kraken Futures PF_KSMUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- −$167.98
- Price spread: +0.011% → 0.000%
- $1.06
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$188.92
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 43 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 KuCoin live order book, 43 min ago | 23.86 bp | 259.6 bp −$260 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_KSMUSDshort | −0.0700% | 1h | 4.6315 | +0.011% | $37K | $1K | 20x | |
| Variational Omni KSM | −0.0286% | 8h | 4.6187 | −0.266% | $455K | $37K | — | as long as short |
| OKX KSM-USDT-SWAP | +0.0008% | 4h | 4.6240 | −0.151% | $767K | $638K | 20x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.6260 | −0.108% | $2.0M | $2.7M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6220 | −0.194% | $2.2M | $711K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6390 | +0.173% | $85K | $36K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6260 | −0.108% | $729K | $242K | 20x | as long as short |
| KuCoin KSMUSDTMlong | +0.0100% | 8h | 4.6310 | long leg | $512K | $31K | 30x | |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6320 | +0.022% | $483K | $187K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6280 | −0.065% | — | $2.4M | — | as long as short |
Variational Omni KSM
OKX KSM-USDT-SWAP
Binance KSMUSDT
Bybit KSMUSDT
Gate KSM_USDT
MEXC KSM_USDT
Bitget KSMUSDT
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 | 4.6237 | −0.158% | $83K | $395K | 5x | as long as short |
| BloFin KSM-USDT | +0.0112% | 8h | 4.6240 | −0.151% | $110K | $18K | 50x | as long as short |
Extended KSM-USD
BloFin KSM-USDT