KSM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0351%/8h= −38.4% APRnext payment −$3.51 per $10,000 · paid last 24h −0.221%

Price spread now: Variational Omni against MEXC−0.063%7-day average −0.139% · you buy dearer than you sell

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.879%−$88 on $10k

Price spread, last 4 days (all we have)−0.489%−$49 · spread now −0.063%, 7d avg −0.139%

Together, before fees−1.369%+ Points / potential airdropVariational Omni: Active · farm board−$137 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.077% dearer against MEXC than usual: you sell high and buy low (spread −0.063% now, against its 7-day average of −0.139%): +$8 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 3 days (−0.879% in total) that is about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC KSM_USDT	4.6350	0.0100	pay 0.0100% / 8h	5h 13m	$760K	$250K	20x
Short	Variational Omni KSM	4.6321	−0.0251	pay 0.0251% / 8h	5h 13m	$455K	$38K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. 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 MEXCbpFee Variational OmnibpOrdersPrice spread, now −0.063%Rate

Funding earned: −$73.69
Price spread: −0.063% → −0.139%: $7.66
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$70.04
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: MEXC: live order book, 42 min ago; Variational Omni: RFQ quote, 50 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 MEXC live order book, 42 min ago	2.16 bp	12.4 bp −$12	35.6 bp −$356	381.5 bp −$38.1K	doesn't fit
Sell Variational Omni RFQ quote, 50 min ago	4.86 bp	doesn't fit	94.9 bp −$949	doesn't fit	doesn't fit

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_KSMUSD	−0.0686%	1h	4.6385	+0.076%	$37K	$1K	20x	as long as short
Variational Omni KSMshort	−0.0251%	8h	4.6321	−0.063%	$455K	$38K	—
BloFin KSM-USDT	+0.0072%	8h	4.6420	+0.151%	$113K	$18K	50x	as long as short
OKX KSM-USDT-SWAP	+0.0092%	4h	4.6320	−0.065%	$755K	$657K	20x	as long as short
Binance KSMUSDT	+0.0100%	8h	4.6340	−0.022%	$2.0M	$2.8M	50x	as long as short
Bybit KSMUSDT	+0.0100%	8h	4.6320	−0.065%	$2.2M	$674K	50x	as long as short
Gate KSM_USDT	+0.0100%	8h	4.6370	+0.043%	$86K	$39K	33x	as long as short
MEXC KSM_USDTlong	+0.0100%	8h	4.6350	long leg	$760K	$250K	20x
KuCoin KSMUSDTM	+0.0100%	8h	4.6410	+0.129%	$519K	$50K	30x	as long as short
Bitget KSMUSDT	+0.0100%	8h	4.6370	+0.043%	$494K	$224K	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX KSM-USDT	+0.0100%	8h	4.6360	+0.022%	—	$2.4M	—	as long as short
Extended KSM-USD	+0.0104%	1h	4.6348	−0.004%	$82K	$315K	5x	as long as short