Kusama (KSM) Funding Rate History
Kusama (KSM) perpetual futures funding ranges from -2.50 bps on VARIATIONAL to 16.60 bps on CRYPTOCOM across 10 reporting venues, a spread of 19.10 bps. The most extreme rate (181.77% APY annualized) is on CRYPTOCOM. Currently funding signs are mixed: 9 positive, 1 negative.
A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on KSM price.
KSM Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| CRYPTOCOM | 16.60 bps | 181.77% APY | 15.80 bps | $131.79 |
| VARIATIONAL | -2.50 bps | -27.38% APY | -3.60 bps | $1.09K |
| BINGX | 1.00 bps | 10.95% APY | 0.80 bps | $2.33M |
| BINANCE | 1.00 bps | 10.95% APY | 0.30 bps | $1.28M |
| OKX | 1.00 bps | 10.95% APY | -0.20 bps | $523.29K |
| BYBIT | 1.00 bps | 10.95% APY | 0.10 bps | $449.20K |
| BITGET | 1.00 bps | 10.95% APY | 0.40 bps | $142.06K |
| MEXC | 1.00 bps | 10.95% APY | 0.10 bps | $112.59K |
| KUCOIN | 1.00 bps | 10.95% APY | 1.50 bps | $15.18K |
| GATEIO | 0.90 bps | 9.86% APY | -0.50 bps | $318.74K |
Last updated 2026-07-16T05:51:25Z (UTC).
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Related: KSM open interest, KSM volume, KSM perp market data.