KSM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0320%/8h= −35.0% APRnext payment −$3.20 per $10,000 · paid last 24h −0.152%

Price spread now: Variational Omni against KuCoin−0.172%7-day average −0.208% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.991%−$99 on $10k

Price spread, last 4 days (all we have)−0.200%−$20 · spread now −0.172%, 7d avg −0.208%

Together, before fees−1.191%+ Points / potential airdropVariational Omni: Active · farm board−$119 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.036% dearer against KuCoin than usual: you sell high and buy low (spread −0.172% now, against its 7-day average of −0.208%): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 4 days (−0.991% in total) that is about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin KSMUSDTM	4.6110	0.0100	pay 0.0100% / 8h	6h 20m	$509K	$23K	30x
Short	Variational Omni KSM	4.6031	−0.0220	pay 0.0220% / 8h	6h 20m	$453K	$26K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee Variational OmnibpOrdersPrice spread, now −0.172%Rate

Funding earned: −$67.2
Price spread: −0.172% → −0.208%: $3.56
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$75.64
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 24 min ago; Variational Omni: RFQ quote, 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 KuCoin live order book, 24 min ago	22.78 bp	157.3 bp −$157	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 31 min ago	5.96 bp	doesn't fit	86.0 bp −$860	doesn't fit	doesn't fit

KSM on 12 exchanges

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	−0.0367%	1h	4.6152	+0.092%	$37K	$995	20x	as long as short
Variational Omni KSMshort	−0.0220%	8h	4.6031	−0.172%	$453K	$26K	—
BloFin KSM-USDT	+0.0093%	8h	4.6150	+0.087%	$110K	$19K	50x	as long as short
Binance KSMUSDT	+0.0100%	8h	4.6070	−0.087%	$2.0M	$2.5M	50x	as long as short
Bybit KSMUSDT	+0.0100%	8h	4.6050	−0.130%	$2.1M	$624K	50x	as long as short
OKX KSM-USDT-SWAP	+0.0100%	4h	4.6080	−0.065%	$764K	$598K	20x	as long as short
Gate KSM_USDT	+0.0100%	8h	4.6100	−0.022%	$84K	$28K	33x	as long as short
MEXC KSM_USDT	+0.0100%	8h	4.6050	−0.130%	$727K	$225K	20x	as long as short
KuCoin KSMUSDTMlong	+0.0100%	8h	4.6110	long leg	$509K	$23K	30x
Bitget KSMUSDT	+0.0100%	8h	4.6110	0.000%	$485K	$182K	50x	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX KSM-USDT	+0.0100%	8h	4.6060	−0.108%	—	$2.3M	—	as long as short
Extended KSM-USD	+0.0104%	1h	4.6039	−0.154%	$82K	$464K	5x	as long as short