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Funding arb · Price arb /

KSM

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0225%/8h= +24.7% APRpaid last 24h +0.130%
Price spread now: OKX against Kraken Futures−0.207%45s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on OKX
What this pair did over the last
the charts below follow
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
Funding pays, the price is against you. OKX is 0.207% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.207% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 3.1 days of funding at the current rate (+$7 a day). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_KSMUSD4.6086−0.0290get 0.0036% / 1h37m 25s$37K$1K20x
ShortOKX KSM-USDT-SWAP4.5990−0.0065pay 0.0032% / 4h37m 25s$749K$641K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Kraken Futures. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$47.29
Price spread: −0.207% → 0.000%
−$20.73
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
$6.56
Costs to cover
0.200%
Break-even
6.0 days
Slippage unknown: Kraken Futures: no order-book sample; OKX: live order book, 19 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample—————
Sell OKX live order book, 19 min ago5.42 bp25.5 bp −$26doesn't fitdoesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_KSMUSDlong−0.0290%1h4.6086long leg$37K$1K20x
Variational Omni KSM−0.0263%8h4.5946−0.302%$453K$38K—as long as short
OKX KSM-USDT-SWAPshort−0.0065%4h4.5990−0.207%$749K$641K20x
Binance KSMUSDT+0.0100%8h4.6040−0.099%$2.0M$2.8M50xas long as short
Bybit KSMUSDT+0.0100%8h4.5970−0.251%$2.2M$670K50xas long as short
Gate KSM_USDT+0.0100%8h4.6020−0.142%$86K$39K33xas long as short
MEXC KSM_USDT+0.0100%8h4.6040−0.099%$746K$240K20xas long as short
KuCoin KSMUSDTM+0.0100%8h4.6020−0.142%$514K$37K30xas long as short
Bitget KSMUSDT+0.0100%8h4.6060−0.055%$489K$212K50xas long as short
BingX KSM-USDT+0.0100%8h4.6030−0.121%—$2.4M—as long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended KSM-USD+0.0104%1h4.6038−0.102%$77K$317K5xas long as short
BloFin KSM-USDT+0.0106%8h4.6010−0.164%$112K$18K50xas long as short