ArbiLayer

KSM arbitrage

live

Live Kusama price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.04%Gate → Bitget · Spot–Spot
Best perp–perp spread+0.10%Gate → OKX
Markets tracked158 venues · 8 perp · 7 spot · 0 DEX
Price range0.30%$4.96 – $4.98

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGate$4.97OKX logoOKX$4.97 +0.10%-0.06% +0.09%— -0.010%— LS Chart →
Gate logoGate$4.97Binance logoBinance$4.97 +0.08%-0.08% +0.08%— 0.000%— LS Chart →
Gate logoGate$4.97MEXC logoMEXC$4.97 +0.08%-0.08% +0.08%— 0.000%— LS Chart →
Gate logoGate$4.97Bybit logoBybit$4.97 +0.02%-0.14% +0.02%— 0.000%— LS Chart →
Gate logoGate$4.97Bitget logoBitget$4.97 +0.02%-0.14% +0.02%— 0.000%— LS Chart →
Bybit logoBybit$4.97OKX logoOKX$4.97 +0.02%-0.14% +0.01%— -0.010%— LS Chart →
Bybit logoBybit$4.97Binance logoBinance$4.97 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Bybit logoBybit$4.97MEXC logoMEXC$4.97 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Gate logoGate$4.97KuCoin logoKuCoin$4.97 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Binance logoBinance$4.98OKX logoOKX$4.97 -0.02%-0.18% -0.03%— -0.010%— LS Chart →
Bitget logoBitget$4.98OKX logoOKX$4.97 -0.02%-0.18% -0.03%— -0.010%— LS Chart →
MEXC logoMEXC$4.98OKX logoOKX$4.97 -0.02%-0.18% -0.03%— -0.010%— LS Chart →
Variational logoVariational$4.98OKX logoOKX$4.97 -0.04%-0.20% -0.03%— +0.035%— LS Chart →
Binance logoBinance$4.98MEXC logoMEXC$4.97 -0.04%-0.20% -0.04%— 0.000%— LS Chart →
Bitget logoBitget$4.98Binance logoBinance$4.97 -0.04%-0.20% -0.04%— 0.000%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

KSM price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · KSMUSDTPerpetual $4.97$4.97$4.97-0.05% +0.030%$654.5K
OKX logoOKXPerpetual · KSM-USDT-SWAPPerpetual $4.97$4.98$4.98+0.02% +0.020%$563.2K
Bitget logoBitgetPerpetual · KSMUSDTPerpetual $4.97$4.98$4.97-0.03% +0.030%$238.4K
MEXC logoMEXCPerpetual · KSM_USDTPerpetual $4.97$4.98$4.970.00% +0.030%$168.9K
OKX logoOKXSpot · KSM-USDTSpot $4.98$4.98$4.98+0.10% —$140.1K
Bybit logoBybitSpot · KSMUSDTSpot $4.98$4.98$4.98+0.07% —$87.2K
KuCoin logoKuCoinPerpetual · KSMUSDTMPerpetual $4.97$4.99$4.98+0.08% +0.030%$55.6K
Gate logoGatePerpetual · KSM_USDTPerpetual $4.97$4.97$4.97-0.11% +0.030%$38.3K
Bitget logoBitgetSpot · KSMUSDTSpot $4.98$4.98$4.98+0.11% —$25.0K
KuCoin logoKuCoinSpot · KSM-USDTSpot $4.96$4.97$4.97-0.18% —$23.2K
Gate logoGateSpot · KSM_USDTSpot $4.96$4.97$4.96-0.19% —$20.9K
Binance logoBinancePerpetual · KSMUSDTPerpetual $4.97$4.98$4.970.00% +0.030%—
Variational logoVariationalPerpetual · KSMPerpetual $4.97$4.98$4.97-0.06% -0.015%—
Binance logoBinanceSpot · KSMUSDTSpot $4.97$4.98$4.98+0.02% ——
MEXC logoMEXCSpot · KSMUSDTSpot $4.97$4.98$4.98+0.04% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

KSM arbitrage explained

Right now Kusama (KSM) trades on 8 venues we scan: 8 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $4.97 and the highest bid on Bitget spot at $4.98.

The widest KSM perpetual spread is between Gate and OKX: long KSM on Gate at $4.97 and short on OKX at $4.97 for +0.10% gross, or -0.06% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.010% per day, which the position pays while it is open.

For a spot–perpetual (cash-and-carry) trade, the best KSM route is to buy spot on Gate and short the perpetual on OKX: +0.08% gross, -0.12% net, with +0.020% a day of funding on the short leg.

Spot–spot KSM arbitrage (buy on Gate, withdraw, deposit and sell on Bitget) shows +0.16% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small KSM gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: KSM funding rates · KSM spread charts · Kusama price · arbitrage scanner for all coins.

Is there a KSM arbitrage opportunity right now?

The best KSM route right now is to buy on Gate spot → sell on Bitget spot (Spot–Spot): +0.16% gross and -0.04% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest KSM?

Gate (perp) has the lowest KSM ask at $4.97, and Bitget (spot) the highest bid at $4.98. Prices update every 15 seconds on this page.

How many exchanges list KSM?

ArbiLayer tracks 15 KSM markets on 8 venues: 8 perpetual, 7 spot and 0 DEX pools.

How do I arbitrage KSM without transferring coins?

Use two perpetual contracts: go long KSM on the cheaper exchange (Gate now) and short it on the more expensive one (OKX), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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