Funding you earn now, next payment 12:00 UTC−0.0699%/8h= −76.6% APRpaid last 24h −0.106%
Price spread now: Kraken Futures against OKX+0.222%7-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 0.222% dearer against OKX than usual: you sell high and buy low (spread +0.222% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 25 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX KSM-USDT-SWAP | 4.5620 | −0.0178 | get 0.0089% / 4h | 48m 23s | $753K | $553K | 20x |
| Short | Kraken Futures PF_KSMUSD | 4.5721 | −0.0878 | pay 0.0110% / 1h | 48m 23s | $37K | $996 | 20x |
OKX KSM-USDT-SWAP
Kraken Futures PF_KSMUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- −$146.87
- Price spread: +0.222% → 0.000%
- $22.16
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$144.71
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: OKX: live order book, 56 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 OKX live order book, 56 min ago | 3.27 bp | 26.5 bp −$27 | 5336.9 bp −$53.4K | 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 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_KSMUSDshort | −0.0878% | 1h | 4.5721 | +0.222% | $37K | $996 | 20x | |
| Variational Omni KSM | −0.0501% | 8h | 4.5588 | −0.070% | $450K | $25K | — | as long as short |
| OKX KSM-USDT-SWAPlong | −0.0178% | 4h | 4.5620 | long leg | $753K | $553K | 20x | |
| Bybit KSMUSDT | +0.0033% | 8h | 4.5600 | −0.044% | $2.1M | $589K | 50x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.5660 | +0.088% | $2.0M | $2.3M | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.5570 | −0.110% | $83K | $27K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.5650 | +0.066% | $715K | $182K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.5650 | +0.066% | $499K | $24K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.5690 | +0.153% | $474K | $163K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.5620 | 0.000% | — | $2.3M | — | as long as short |
Variational Omni KSM
Bybit KSMUSDT
Binance KSMUSDT
Gate KSM_USDT
MEXC KSM_USDT
KuCoin KSMUSDTM
Bitget KSMUSDT
BingX KSM-USDTShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended KSM-USD | +0.0104% | 1h | 4.5645 | +0.054% | $79K | $473K | 5x | as long as short |
| BloFin KSM-USDT | +0.0130% | 8h | 4.5610 | −0.022% | $110K | $19K | 50x | as long as short |
Extended KSM-USD
BloFin KSM-USDT