KSM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0345%/8h= −37.8% APRnext payment −$3.45 per $10,000 · paid last 24h −0.209%

Price spread now: Variational Omni against Bitget−0.063%7-day average −0.145% · you buy dearer than you sell

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.821%−$82 on $10k

Price spread, last 4 days (all we have)−0.545%−$54 · spread now −0.063%, 7d avg −0.145%

Together, before fees−1.366%+ 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 0.082% dearer against Bitget than usual: you sell high and buy low (spread −0.063% now, against its 7-day average of −0.145%): +$8 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 3 days (−0.821% in total) that is about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget KSMUSDT	4.6320	0.0100	pay 0.0100% / 8h	5h 10m	$494K	$224K	50x
Short	Variational Omni KSM	4.6291	−0.0245	pay 0.0245% / 8h	5h 10m	$455K	$38K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. 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 BitgetbpFee Variational OmnibpOrdersPrice spread, now −0.063%Rate

Funding earned: −$72.44
Price spread: −0.063% → −0.145%: $8.23
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$76.21
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 49 min ago; Variational Omni: RFQ quote, 53 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 Bitget live order book, 49 min ago	5.40 bp	33.7 bp −$34	77.3 bp −$773	27723.8 bp −$2.77M	doesn't fit
Sell Variational Omni RFQ quote, 53 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	4.6370	+0.107%	$37K	$1K	20x	as long as short
Variational Omni KSMshort	−0.0245%	8h	4.6291	−0.063%	$455K	$38K	—
BloFin KSM-USDT	+0.0096%	8h	4.6330	+0.022%	$113K	$18K	50x	as long as short
OKX KSM-USDT-SWAP	+0.0100%	4h	4.6320	0.000%	$755K	$657K	20x	as long as short
Binance KSMUSDT	+0.0100%	8h	4.6370	+0.108%	$2.0M	$2.8M	50x	as long as short
Bybit KSMUSDT	+0.0100%	8h	4.6310	−0.022%	$2.2M	$674K	50x	as long as short
Gate KSM_USDT	+0.0100%	8h	4.6340	+0.043%	$86K	$39K	33x	as long as short
MEXC KSM_USDT	+0.0100%	8h	4.6360	+0.086%	$760K	$251K	20x	as long as short
KuCoin KSMUSDTM	+0.0100%	8h	4.6370	+0.108%	$519K	$50K	30x	as long as short
Bitget KSMUSDTlong	+0.0100%	8h	4.6320	long leg	$494K	$224K	50x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX KSM-USDT	+0.0100%	8h	4.6350	+0.065%	—	$2.4M	—	as long as short
Extended KSM-USD	+0.0104%	1h	4.6331	+0.024%	$78K	$317K	5x	as long as short