Funding you earn now, next payment 02:00 UTC−0.0616%/8h= −67.5% APRpaid last 24h +0.087%
Price spread now: Kraken Futures against OKX+0.141%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 0.141% dearer against OKX than usual: you sell high and buy low (spread +0.141% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 18 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX KSM-USDT-SWAP | 4.6110 | −0.0038 | get 0.0019% / 4h | 2h 37m | $754K | $677K | 20x |
| Short | Kraken Futures PF_KSMUSD | 4.6175 | −0.0654 | pay 0.0082% / 1h | 37m 53s | $37K | $5K | 20x |
OKX KSM-USDT-SWAP
Kraken Futures PF_KSMUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- −$129.41
- Price spread: +0.141% → 0.000%
- $14.06
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$135.35
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 28 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 OKX live order book, 28 min ago | 3.23 bp | 23.5 bp −$23 | 3465.2 bp −$34.7K | 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 | −0.0654% | 1h | 4.6175 | +0.141% | $37K | $5K | 20x | |
| Variational Omni KSM | −0.0401% | 8h | 4.6113 | +0.006% | $454K | $41K | — | as long as short |
| OKX KSM-USDT-SWAPlong | −0.0038% | 4h | 4.6110 | long leg | $754K | $677K | 20x | |
| Binance KSMUSDT | +0.0100% | 8h | 4.6130 | +0.043% | $2.0M | $2.9M | 50x | as long as short |
| Bybit KSMUSDT | +0.0100% | 8h | 4.6160 | +0.108% | $2.2M | $703K | 50x | as long as short |
| Gate KSM_USDT | +0.0100% | 8h | 4.6120 | +0.022% | $88K | $38K | 33x | as long as short |
| MEXC KSM_USDT | +0.0100% | 8h | 4.6130 | +0.043% | $747K | $246K | 20x | as long as short |
| KuCoin KSMUSDTM | +0.0100% | 8h | 4.6160 | +0.108% | $516K | $49K | 30x | as long as short |
| Bitget KSMUSDT | +0.0100% | 8h | 4.6180 | +0.152% | $493K | $230K | 50x | as long as short |
| BingX KSM-USDT | +0.0100% | 8h | 4.6110 | 0.000% | — | $2.4M | — | as long as short |
Variational Omni KSM
Binance KSMUSDT
Bybit KSMUSDT
Gate KSM_USDT
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 | 4.6120 | +0.023% | $77K | $326K | 5x | as long as short |
| BloFin KSM-USDT | +0.0125% | 8h | 4.6170 | +0.130% | $112K | $19K | 50x | as long as short |
Extended KSM-USD
BloFin KSM-USDT