Funding you earn now, next payment 08:00 UTC−0.0496%/8h= −54.3% APRnext payment −$0.62 per $10,000 · paid last 24h −0.177%
Price spread now: Kraken Futures against Extended+0.128%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
=The price spread pays, funding is against you. Kraken Futures is 0.128% dearer against Extended than usual: you sell high and buy low (spread +0.128% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 21 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended KSM-USD | 4.6266 | 0.0104 | pay 0.0013% / 1h | 55m 10s | $83K | $395K | 5x |
| Short | Kraken Futures PF_KSMUSD | 4.6326 | −0.0392 | pay 0.0049% / 1h | 55m 10s | $37K | $1K | 20x |
Extended KSM-USD
Kraken Futures PF_KSMUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- −$104.16
- Price spread: +0.128% → 0.000%
- $12.84
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$106.32
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 47 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 Extended live order book, 47 min ago | 4.13 bp | 28.5 bp −$29 | 225.2 bp −$2,252 | 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 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 | −0.0392% | 1h | 4.6326 | +0.128% | $37K | $1K | 20x | |
| Variational Omni KSM | −0.0283% | 8h | 4.6181 | −0.183% | $455K | $37K | — | as long as short |
| OKX KSM-USDT-SWAP | −0.0020% | 4h | 4.6310 | +0.095% | $768K | $640K | 20x | as long as short |
| BloFin KSM-USDT | +0.0090% | 8h | 4.6280 | +0.030% | $110K | $18K | 50x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.6275 | +0.018% | $2.0M | $2.7M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6240 | −0.056% | $2.2M | $711K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6290 | +0.052% | $85K | $31K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6270 | +0.008% | $729K | $239K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6300 | +0.073% | $511K | $31K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6230 | −0.078% | $482K | $185K | 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-USDT | +0.0100% | 8h | 4.6270 | +0.008% | — | $2.4M | — | as long as short |
| Extended KSM-USDlong | +0.0104% | 1h | 4.6266 | long leg | $83K | $395K | 5x |
BingX KSM-USDT