Funding you earn now, next payment 23:00 UTC−0.0528%/8h= −57.8% APRpaid last 24h +0.089%
Price spread now: Kraken Futures against Gate+0.158%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 0.158% dearer against Gate than usual: you sell high and buy low (spread +0.158% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 24 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate KSM_USDT | 4.6170 | 0.0100 | pay 0.0100% / 8h | 1h 44m | $89K | $41K | 33x |
| Short | Kraken Futures PF_KSMUSD | 4.6243 | −0.0428 | pay 0.0054% / 1h | 44m 46s | $37K | $5K | 20x |
Gate KSM_USDT
Kraken Futures PF_KSMUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- −$110.91
- Price spread: +0.158% → 0.000%
- $15.79
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$120.12
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Gate: no order-book sample; 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 Gate no order-book sample | — | — | — | — | — |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Gate and 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni KSM | −0.0577% | 8h | 4.6036 | −0.291% | $453K | $40K | — | as long as short |
| Kraken Futures PF_KSMUSDshort | −0.0428% | 1h | 4.6243 | +0.158% | $37K | $5K | 20x | |
| OKX KSM-USDT-SWAP | −0.0147% | 4h | 4.6090 | −0.173% | $756K | $652K | 20x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.6180 | +0.022% | $2.0M | $2.9M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6110 | −0.130% | $2.2M | $721K | 50x | as long as short |
| Gate KSM_USDTlong | +0.0100% | 8h | 4.6170 | long leg | $89K | $41K | 33x | |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6170 | 0.000% | $721K | $249K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6160 | −0.022% | $515K | $53K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6180 | +0.022% | $493K | $238K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6150 | −0.043% | — | $2.4M | — | as long as short |
Variational Omni KSM
OKX KSM-USDT-SWAP
Binance KSMUSDT
Bybit KSMUSDT
MEXC KSM_USDT
KuCoin KSMUSDTM
Bitget KSMUSDT
BingX KSM-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended KSM-USD | +0.0104% | 1h | 4.6161 | −0.019% | $77K | $260K | 5x | as long as short |
| BloFin KSM-USDT | +0.0106% | 8h | 4.6100 | −0.152% | $114K | $19K | 50x | as long as short |
Extended KSM-USD
BloFin KSM-USDT