Funding arb · Price arb /

KSM

all KSM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0561%/8h= −61.4% APRpaid last 24h −0.170%

Price spread now: Kraken Futures against KuCoin+0.059%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Kraken Futures

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

The price spread pays, funding is against you. Kraken Futures is 0.059% dearer against KuCoin than usual: you sell high and buy low (spread +0.059% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin KSMUSDTM	4.5940	0.0100	pay 0.0100% / 8h	5h 44m	$503K	$23K	30x
Short	Kraken Futures PF_KSMUSD	4.5967	−0.0461	pay 0.0058% / 1h	44m 39s	$37K	$995	20x

Funding 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 it

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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$117.85
Price spread: +0.059% → 0.000%: $5.93
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$133.91
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 60 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, 60 min ago	22.78 bp	157.3 bp −$157	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 12 exchanges

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	−0.0461%	1h	4.5967	+0.059%	$37K	$995	20x
Variational Omni KSM	−0.0328%	8h	4.5813	−0.276%	$451K	$25K	—	as long as short
OKX KSM-USDT-SWAP	−0.0028%	4h	4.5840	−0.218%	$757K	$561K	20x	as long as short
Bybit KSMUSDT	+0.0044%	8h	4.5850	−0.196%	$2.1M	$601K	50x	as long as short
BloFin KSM-USDT	+0.0091%	8h	4.5890	−0.109%	$110K	$18K	50x	as long as short
Binance KSMUSDT	+0.0100%	8h	4.5893	−0.103%	$2.0M	$2.3M	50x	as long as short
Gate KSM_USDT	+0.0100%	8h	4.5890	−0.109%	$84K	$27K	33x	as long as short
MEXC KSM_USDT	+0.0100%	8h	4.5900	−0.087%	$724K	$195K	20x	as long as short
KuCoin KSMUSDTMlong	+0.0100%	8h	4.5940	long leg	$503K	$23K	30x
Bitget KSMUSDT	+0.0100%	8h	4.5970	+0.065%	$482K	$164K	50x	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX KSM-USDT	+0.0100%	8h	4.5870	−0.152%	—	$2.3M	—	as long as short
Extended KSM-USD	+0.0104%	1h	4.5879	−0.133%	$80K	$467K	5x	as long as short