KSM funding rates and arbitrage

KSM perpetuals trade on 11 contracts across 11 venues, forming 55 cross-venue arbitrage pairs. By net APR the current best pair is long Crypto.com against short BingX, netting +50.83%, though note the legs settle on different cadences (4h / 8h)ใ€‚

KSM perpetual funding rates by venue

APR = current rate ร— (24 รท settlement interval) ร— 365. Venues settle on different cadences, so rates must be annualised before comparing.

VenueContractMarginSettlementCurrent rateAPR24h avg APR24h volumeMark
BingXKSM-USDTUSDT8h0.0100%+10.95%-0.49%$2.4M4.195
BinanceKSMUSDTUSDT8h-0.0023%-2.52%-9.41%$1.7M4.198
LBankKSMUSDTUSDT8h-0.0026%-2.85%-9.42%$822K4.198
BybitKSMUSDTUSDT8h-0.0075%-8.23%+5.33%$503K4.189
OKXKSM-USDT-SWAPUSDT4h-0.0113%-24.73%-15.89%$493K4.195
WhiteBITKSM_PERPUSDT8h0.0100%+10.95%+10.95%$322K4.185
BitgetKSMUSDTUSDT8h0.0100%+10.95%+9.63%$294K4.197
MEXCKSM_USDTUSDT8h-0.0026%-2.85%-9.41%$157K4.199
KuCoinKSMUSDTMUSDT8h0.0100%+10.95%+10.79%$38K4.198
GateKSM_USDTUSDT8h0.0100%+10.95%+10.95%$25K4.192
Crypto.comKSMUSD-PERPUSD4h-0.0182%-39.88%-12.41%$814.204

KSM cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg โˆ’ long leg.

LongShortNet APRDaily24h avgSettlementLiquidity
Crypto.com USDBingX USDT+50.83%0.1392%+11.92%4h / 8h$81
Crypto.com USDBitget USDT+50.83%0.1392%+22.04%4h / 8h$81
Crypto.com USDGate USDT+50.83%0.1392%+23.36%4h / 8h$81
Crypto.com USDKuCoin USDT+50.83%0.1392%+23.20%4h / 8h$81
Crypto.com USDWhiteBIT USDT+50.83%0.1392%+23.36%4h / 8h$81
Crypto.com USDBinance USDT+37.36%0.1023%+3.00%4h / 8h$81
Crypto.com USDLBank USDT+37.03%0.1014%+2.99%4h / 8h$81
Crypto.com USDMEXC USDT+37.03%0.1014%+3.00%4h / 8h$81
OKX USDTBingX USDT+35.68%0.0978%+15.40%4h / 8h$493K
OKX USDTBitget USDT+35.68%0.0978%+25.52%4h / 8h$294K
OKX USDTGate USDT+35.68%0.0978%+26.84%4h / 8h$25K
OKX USDTKuCoin USDT+35.68%0.0978%+26.68%4h / 8h$38K

Kusama project profile

Key facts
Total
19.00M
Max supply
unlimited
Type
Token
Market cap rank
#317
Smart Contract PlatformPolkadot EcosystemProof of Stake (PoS)Pantera Capital PortfolioMade in USACoinbase 50 IndexHydration Ecosystem
Contract addresses
hydrationasset_registry%2F1000771
About

Kusama is a public blockchain network that is running the exact same codebase as Polkadot. It is aimed to be a canary build for the Polkadot network which is an experimental and development environment for new features that will eventually be deployed to Polkadot. Because of the experimental nature of Kusama, the developmental speed is much faster and it has seen significant traction since launched in 2019. Kusama is an early, highly experimental version of Polkadot presenting real economic conditions. The community will own the network โ€“ there will be no central kill switch. Kusama will exist as long as its community maintains it and we envision it will cater to new, early functionality and projects preparing to develop and deploy on Polkadot.

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

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