Funding you earn now, next payment 07:00 UTC−0.0798%/8h= −87.4% APRpaid last 24h −0.184%
Price spread now: Kraken Futures against BingX+0.185%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 0.185% dearer against BingX than usual: you sell high and buy low (spread +0.185% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 19 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX KSM-USDT | 4.6330 | 0.0100 | pay 0.0100% / 8h | 1h 18m | — | $2.3M | — |
| Short | Kraken Futures PF_KSMUSD | 4.6416 | −0.0698 | pay 0.0087% / 1h | 18m 16s | $37K | $1K | 20x |
BingX KSM-USDT
Kraken Futures PF_KSMUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- −$167.66
- Price spread: +0.185% → 0.000%
- $18.5
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$169.16
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 11 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 BingX live order book, 11 min ago | 6.51 bp | 26.1 bp −$26 | 56.6 bp −$566 | 785.9 bp −$78.6K | 1219.2 bp −$609.6K |
| 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 | −0.0698% | 1h | 4.6416 | +0.185% | $37K | $1K | 20x | |
| Variational Omni KSM | −0.0336% | 8h | 4.6297 | −0.071% | $455K | $38K | — | as long as short |
| OKX KSM-USDT-SWAP | −0.0088% | 4h | 4.6320 | −0.022% | $769K | $644K | 20x | as long as short |
| BloFin KSM-USDT | +0.0080% | 8h | 4.6290 | −0.086% | $110K | $18K | 50x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.6344 | +0.030% | $2.0M | $2.7M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6300 | −0.065% | $2.2M | $717K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6310 | −0.043% | $85K | $36K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6340 | +0.022% | $733K | $241K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6360 | +0.065% | $512K | $32K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6350 | +0.043% | $483K | $188K | 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-USDTlong | +0.0100% | 8h | 4.6330 | long leg | — | $2.3M | — | |
| Extended KSM-USD | +0.0104% | 1h | 4.6334 | +0.008% | $77K | $390K | 5x | as long as short |
Extended KSM-USD