KSM funding rates

KSM perpetual funding across 7 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 02:32 UTC · refreshed every 5 min

Best pair · 7d: 60.2%long Variational, short Gate · net 56.3%
Highest funding now: 10.9%BybitCEX
Lowest funding now: −71.3%Variational
Listed on: 7 venues

Funding by venue

													Open
BybitCEX	KSMUSDT	10.9%	10.5%	10.9%	8.1%	10.9%	100%	8h	08:00	5.11	$1.9M	$290k	ByBybit
BitgetCEX	KSMUSDT	10.9%	10.9%	10.5%	6.0%	10.4%	100%	8h	08:00	5.10	$505k	$98k	BgBitget
GateCEX	KSM_USDT	10.9%	10.9%	10.9%	9.0%	10.9%	100%	8h	08:00	5.10	$85k	$37k	GtGate
Extended	KSM-USD	10.5%	4.7%	6.5%	−0.2%	6.8%	81%	1h	03:00	5.09	$58k	$133k	ExExtended
BinanceCEX	KSMUSDT	10.4%	4.7%	6.4%	3.3%	6.7%	88%	8h	08:00	5.11	$2.0M	$1.4M	BnBinance
MEXCCEX	KSM_USDT	10.4%	8.0%	6.7%	1.7%	6.5%	86%	8h	08:00	5.11	$577k	$128k	MxMEXC
Variational	KSM	−71.3%	−64.9%	−49.3%	−71.8%	−46.7%	5%	8h	—	5.08	$349k	$10k	VaVariational

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
											Flags	Open	Calc
		Spread APR				After taker fees			Quality
Variational	BybitCEX	82.3%	75.4%	60.2%	79.9%	57.3%	85.9%	0.7d	steady	$349k	spread not incl.	Va By	calc
Variational	BitgetCEX	82.3%	75.8%	59.8%	77.8%	56.7%	85.0%	0.7d	steady	$349k	spread not incl.	Va Bg	calc
Variational	GateCEX	82.3%	75.8%	60.2%	80.8%	56.3%	84.5%	0.9d	steady	$85k	spread not incl.	Va Gt	calc
Variational	MEXCCEX	81.8%	72.9%	56.0%	73.5%	54.9%	82.4%	0.3d	steady	$349k	spread not incl.	Va Mx	calc
Variational	Extended	81.9%	69.6%	55.8%	71.6%	54.5%	81.8%	0.3d	steady	$58k	8h/1hspread not incl.	Va Ex	calc
Variational	BinanceCEX	81.8%	69.6%	55.7%	62.1%	53.1%	79.7%	0.7d	steady	$349k	spread not incl.	Va Bn	calc
MEXCCEX	BybitCEX	0.5%	2.5%	4.2%	6.4%	0.3%	0.4%	13d	weak	$577k		Mx By	calc
Extended	BybitCEX	0.4%	5.8%	4.4%	8.3%	0.2%	0.3%	13d	mixed	$58k	1h/8h	Ex By	calc
MEXCCEX	BitgetCEX	0.5%	2.9%	3.8%	4.3%	−0.3%	−0.5%	15d	weak	$505k		Mx Bg	calc
MEXCCEX	GateCEX	0.5%	2.9%	4.3%	7.3%	−0.7%	−1.0%	16d	weak	$85k		Mx Gt	calc
Extended	BitgetCEX	0.4%	6.2%	4.0%	6.2%	−0.4%	−0.7%	16d	mixed	$58k	1h/8h	Ex Bg	calc
BinanceCEX	BybitCEX	0.5%	5.8%	4.4%	6.0%	−1.0%	−1.5%	17d	weak	$1.9M		Bn By	calc
Extended	GateCEX	0.4%	6.2%	4.4%	9.2%	−0.8%	−1.2%	17d	mixed	$58k	1h/8h	Ex Gt	calc
BinanceCEX	BitgetCEX	0.5%	6.3%	4.1%	5.6%	−1.7%	−2.5%	20d	weak	$505k		Bn Bg	calc
BinanceCEX	GateCEX	0.5%	6.3%	4.5%	7.5%	−2.0%	−3.0%	20d	weak	$85k		Bn Gt	calc
MEXCCEX	Extended	0.1%	−3.3%	−0.2%	−1.9%	−2.5%	−3.8%	—	weak	$58k	8h/1h	Mx Ex	calc
BinanceCEX	MEXCCEX	0.0%	3.3%	0.3%	0.1%	−3.4%	−5.1%	203d	weak	$577k		Bn Mx	calc
BinanceCEX	Extended	0.1%	0.0%	0.1%	−0.1%	−3.8%	−5.7%	597d	weak	$58k	8h/1h	Bn Ex	calc
MEXCCEX	BinanceCEX	0.0%	−3.3%	−0.3%	−0.1%	−3.9%	−5.9%	—	weak	$577k		Mx Bn	calc
Extended	MEXCCEX	−0.1%	3.3%	0.2%	1.9%	−2.2%	−3.3%	205d	mixed	$58k	1h/8h	Ex Mx	calc
BitgetCEX	BybitCEX	0.0%	−0.5%	0.4%	2.1%	−5.6%	−8.4%	229d	weak	$505k		Bg By	calc
BitgetCEX	GateCEX	0.0%	0.0%	0.4%	3.0%	−6.6%	−9.9%	228d	weak	$85k		Bg Gt	calc
BybitCEX	GateCEX	0.0%	0.5%	0.1%	0.9%	−6.7%	−10.1%	>999d	weak	$85k		By Gt	calc

What the columns and badges mean

now: Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h: Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d: Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d: Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend: Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR: 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital: Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven: Days of 7d-average funding needed to pay back open+close taker fees.
Min OI: Smaller open interest of the two legs, USD.
steady: Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike: The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed: The spread was negative too often: not negative in only X% of hours over 7 days.
new: Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak: Prior-week spread under 5% APR: too small to call steady.
cooling: The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?: Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale: At least one leg has not updated for over 30 minutes.
low OI: Open interest under $50k on at least one leg — size carefully.
8h/1h: Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi: Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only: Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.: A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX: Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 02:32 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

Indicative (mark or mid prices): buy on Variational at 5.08419, sell on MEXC at 5.113: 0.565% before fees, 0.525% after taker fees.

KSM: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	MEXC5.113	Bybit5.111	Binance5.10599	Bitget5.097	Gate5.096	Extended5.09344	Variational5.08419
Variational5.08419	0.565%	0.526%	0.428%	0.252%	0.232%	0.182%	—
Extended5.09344	0.383%	0.344%	0.246%	0.070%	0.050%	—	−0.182%
Gate5.096	0.333%	0.294%	0.196%	0.020%	—	−0.050%	−0.232%
Bitget5.097	0.313%	0.274%	0.176%	—	−0.020%	−0.070%	−0.252%
Binance5.10599	0.137%	0.098%	—	−0.176%	−0.196%	−0.246%	−0.428%
Bybit5.111	0.039%	—	−0.098%	−0.274%	−0.294%	−0.344%	−0.526%
MEXC5.113	—	−0.039%	−0.137%	−0.313%	−0.333%	−0.383%	−0.565%

All quotes (7)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
BinanceCEX	5.10599	5.10599	mark	3m	$1.4M	no FX
BitgetCEX	5.097	5.097	mark	3m	$98k	no FX
BybitCEX	5.111	5.111	mark	3m	$290k	no FX
Extended	5.09344	5.09344	mark	4m	$133k
GateCEX	5.096	5.096	mark	3m	$37k	no FX
MEXCCEX	5.113	5.113	mark	2m	$128k	no FX
Variational	5.08419	5.08419	mark	4m	$10k

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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