Kusama (KSM) Funding Rate History
Kusama (KSM) perpetual futures funding ranges from -3.10 bps on GATEIO to 3.90 bps on CRYPTOCOM across 11 reporting venues, a spread of 7.00 bps. The most extreme rate (42.70% APY annualized) is on CRYPTOCOM. Currently funding signs are mixed: 4 positive, 7 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 | 3.90 bps | 42.70% APY | 8.60 bps | $388.40 |
| GATEIO | -3.10 bps | -33.95% APY | -0.50 bps | $81.79K |
| BITGET | -2.70 bps | -29.57% APY | 0.00 bps | $62.68K |
| OKX | -1.40 bps | -15.33% APY | -0.50 bps | $415.46K |
| BINGX | 1.00 bps | 10.95% APY | 0.90 bps | $2.04M |
| BINANCE | 1.00 bps | 10.95% APY | 0.80 bps | $1.07M |
| PHEMEX | 1.00 bps | 10.95% APY | 1.00 bps | $71.37K |
| MEXC | -0.80 bps | -8.76% APY | -0.10 bps | $113.11K |
| BYBIT | -0.70 bps | -7.66% APY | -0.10 bps | $305.39K |
| VARIATIONAL | -0.70 bps | -7.66% APY | 0.10 bps | $1.07K |
| KUCOIN | -0.50 bps | -5.47% APY | -1.80 bps | $22.64K |
Last updated 2026-05-31T19:48:22.889609Z (UTC).
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Related: KSM open interest, KSM volume, KSM perp market data.