ArbiLayer

KSM arbitrage

live

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

Best net spread-0.02%KuCoin → Bybit · Spot–Spot
Best perp–perp spread0.00%OKX → Binance
Markets tracked158 venues · 8 perp · 7 spot · 0 DEX
Price range0.30%$4.97 – $4.98

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
OKX logoOKX$4.97Binance logoBinance$4.97 0.00%-0.16% +0.01%— 0.000%— LS Chart →
OKX logoOKX$4.97MEXC logoMEXC$4.97 0.00%-0.16% +0.01%— 0.000%— LS Chart →
Bybit logoBybit$4.97Binance logoBinance$4.97 -0.02%-0.18% -0.02%— 0.000%— LS Chart →
Bybit logoBybit$4.97MEXC logoMEXC$4.97 -0.02%-0.18% -0.02%— 0.000%— LS Chart →
Bitget logoBitget$4.97Binance logoBinance$4.97 -0.02%-0.18% -0.02%— 0.000%— LS Chart →
Bitget logoBitget$4.97MEXC logoMEXC$4.97 -0.02%-0.18% -0.02%— 0.000%— LS Chart →
Gate logoGate$4.97Binance logoBinance$4.97 -0.02%-0.18% -0.02%— 0.000%— LS Chart →
Gate logoGate$4.97MEXC logoMEXC$4.97 -0.02%-0.18% -0.02%— 0.000%— LS Chart →
OKX logoOKX$4.97Bybit logoBybit$4.97 -0.02%-0.18% -0.02%— 0.000%— LS Chart →
Binance logoBinance$4.98MEXC logoMEXC$4.97 -0.04%-0.20% -0.04%— 0.000%— LS Chart →
MEXC logoMEXC$4.98Binance logoBinance$4.97 -0.04%-0.20% -0.04%— 0.000%— LS Chart →
Bitget logoBitget$4.97Bybit logoBybit$4.97 -0.04%-0.20% -0.04%— 0.000%— LS Chart →
Gate logoGate$4.97Bybit logoBybit$4.97 -0.04%-0.20% -0.04%— 0.000%— LS Chart →
OKX logoOKX$4.97Gate logoGate$4.97 -0.04%-0.20% -0.04%— 0.000%— LS Chart →
Binance logoBinance$4.98Bybit logoBybit$4.97 -0.06%-0.22% -0.06%— 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$4.97-0.02% +0.030%$638.8K
OKX logoOKXPerpetual · KSM-USDT-SWAPPerpetual $4.97$4.97$4.97-0.05% +0.030%$558.9K
Bitget logoBitgetPerpetual · KSMUSDTPerpetual $4.97$4.97$4.97-0.05% +0.030%$222.9K
MEXC logoMEXCPerpetual · KSM_USDTPerpetual $4.97$4.98$4.970.00% +0.030%$167.2K
OKX logoOKXSpot · KSM-USDTSpot $4.97$4.98$4.98+0.06% —$142.0K
Bybit logoBybitSpot · KSMUSDTSpot $4.98$4.98$4.98+0.12% —$87.0K
KuCoin logoKuCoinPerpetual · KSMUSDTMPerpetual $4.97$4.98$4.970.00% +0.030%$55.5K
Gate logoGatePerpetual · KSM_USDTPerpetual $4.97$4.97$4.97-0.03% +0.030%$38.0K
Bitget logoBitgetSpot · KSMUSDTSpot $4.98$4.98$4.98+0.09% —$25.0K
KuCoin logoKuCoinSpot · KSM-USDTSpot $4.96$4.97$4.97-0.18% —$23.0K
Gate logoGateSpot · KSM_USDTSpot $4.96$4.97$4.97-0.14% —$21.1K
Binance logoBinancePerpetual · KSMUSDTPerpetual $4.97$4.98$4.970.00% +0.030%—
Variational logoVariationalPerpetual · KSMPerpetual $4.97$4.98$4.97-0.02% -0.020%—
Binance logoBinanceSpot · KSMUSDTSpot $4.97$4.98$4.98+0.02% ——
MEXC logoMEXCSpot · KSMUSDTSpot $4.97$4.98$4.98+0.03% ——
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 KuCoin spot at $4.97 and the highest bid on Bybit spot at $4.98.

The widest KSM perpetual spread is between OKX and Binance: long KSM on OKX at $4.97 and short on Binance at $4.97 for 0.00% gross, or -0.16% 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 0.000% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best KSM route is to buy spot on KuCoin and short the perpetual on Binance: +0.06% gross, -0.14% net, with +0.030% a day of funding on the short leg.

Spot–spot KSM arbitrage (buy on KuCoin, withdraw, deposit and sell on Bybit) shows +0.18% 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 KuCoin spot → sell on Bybit spot (Spot–Spot): +0.18% gross and -0.02% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest KSM?

KuCoin (spot) has the lowest KSM ask at $4.97, and Bybit (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 (OKX now) and short it on the more expensive one (Binance), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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