KSM Funding Rate — live across 7 venues
Compared across 7 supported venues · net of estimated fees · updated every few minutes
Live annualized KSM perpetual funding across all 7 venues Perpia tracks. Right now KSM funding is positive on 5 and negative on 2, ranging from +10.9% on Bybit to -12.8% on OKX — a spread of 23.7%. The widest delta-neutral trade is long OKX / short Bybit at 20.0% net APR.
KSM funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
KSM funding rate by venue
10 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Bybit↗ | +10.9% | 8h |
| Bitget↗ | +10.9% | 8h |
| BingX↗ | +10.9% | 8h |
| Binance↗ | +8.5% | 8h |
| MEXC↗ | +8.5% | 8h |
| Gate.io↗ | -3.3% | 8h |
| OKX↗ | -12.8% | 4h |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the OKX vs Bybit page.
Loading KSM backtest…
KSM funding — FAQ
Is KSM funding positive right now?
KSM perpetual funding is positive on 5 of 7 venues Perpia tracks and negative on 2. The highest is +10.9% on Bybit; the lowest is -12.8% on OKX.
What is the best KSM funding arbitrage right now?
Go long OKX and short Bybit for about 20.0% net APR after fees — the widest delta-neutral KSM spread Perpia currently sees.
Which exchange has the highest KSM funding rate?
Bybit, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How KSM funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to KSM
Markets also quoted on both Bybit and OKX — the same two exchanges you would already have funded for the KSM trade.
See every spread between them on the Bybit vs OKX page.