Funding you earn now, next payment 03:00 UTC−0.0787%/8h= −86.2% APRpaid last 24h −0.193%
Price spread now: Kraken Futures against KuCoin+0.161%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 0.161% dearer against KuCoin than usual: you sell high and buy low (spread +0.161% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 16 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin KSMUSDTM | 4.6230 | 0.0100 | pay 0.0100% / 8h | 5h 50m | $517K | $50K | 30x |
| Short | Kraken Futures PF_KSMUSD | 4.6304 | −0.0687 | pay 0.0086% / 1h | 50m 35s | $37K | $1K | 20x |
KuCoin KSMUSDTM
Kraken Futures PF_KSMUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- −$165.35
- Price spread: +0.161% → 0.000%
- $16.11
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$171.23
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: KuCoin: 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 KuCoin live order book, 47 min ago | 22.69 bp | 533.9 bp −$534 | doesn't fit | 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 11 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 | −0.0687% | 1h | 4.6304 | +0.161% | $37K | $1K | 20x | |
| Variational Omni KSM | −0.0336% | 8h | 4.6176 | −0.117% | $454K | $38K | — | as long as short |
| OKX KSM-USDT-SWAP | +0.0041% | 4h | 4.6160 | −0.151% | $755K | $659K | 20x | as long as short |
| Binance KSMUSDT | +0.0100% | 8h | 4.6243 | +0.028% | $2.0M | $2.8M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6190 | −0.087% | $2.2M | $671K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6240 | +0.022% | $88K | $38K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6240 | +0.022% | $752K | $247K | 20x | as long as short |
| KuCoin KSMUSDTMlong | +0.0100% | 8h | 4.6230 | long leg | $517K | $50K | 30x | |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6220 | −0.022% | $492K | $226K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6170 | −0.130% | — | $2.4M | — | as long as short |
Variational Omni KSM
OKX KSM-USDT-SWAP
Binance KSMUSDT
Bybit KSMUSDT
Gate KSM_USDT
MEXC KSM_USDT
Bitget KSMUSDT
BingX KSM-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended KSM-USD | +0.0104% | 1h | 4.6231 | +0.002% | $77K | $315K | 5x | as long as short |
Extended KSM-USD