ArbiLayer

KSM arbitrage

live

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

Best net spread+0.03%Gate → Bitget · Spot–Spot
Best perp–perp spread+0.13%Variational → Binance
Markets tracked158 venues · 8 perp · 7 spot · 0 DEX
Price range0.46%$4.81 – $4.83

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGatespot$4.82Bitget logoBitgetspot$4.83 +0.23%+0.03% +0.23%— 0.000%— LS Chart →
Gate logoGatespot$4.82OKX logoOKXspot$4.83 +0.08%-0.12% +0.08%— 0.000%— LS Chart →
Bybit logoBybitspot$4.83Bitget logoBitgetspot$4.83 +0.08%-0.12% +0.08%— 0.000%— LS Chart →
Gate logoGatespot$4.82Bybit logoBybitspot$4.83 +0.06%-0.14% +0.06%— 0.000%— LS Chart →
Binance logoBinancespot$4.83Bitget logoBitgetspot$4.83 +0.06%-0.14% +0.06%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$4.83Bitget logoBitgetspot$4.83 +0.06%-0.14% +0.06%— 0.000%— LS Chart →
OKX logoOKXspot$4.83Bitget logoBitgetspot$4.83 +0.04%-0.16% +0.04%— 0.000%— LS Chart →
MEXC logoMEXCspot$4.83Bitget logoBitgetspot$4.83 0.00%-0.20% 0.00%— 0.000%— LS Chart →
Gate logoGatespot$4.82Binance logoBinancespot$4.82 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
Gate logoGatespot$4.82KuCoin logoKuCoinspot$4.82 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
Bybit logoBybitspot$4.83OKX logoOKXspot$4.83 -0.06%-0.26% -0.06%— 0.000%— LS Chart →
Binance logoBinancespot$4.83OKX logoOKXspot$4.83 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$4.83OKX logoOKXspot$4.83 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
Gate logoGatespot$4.82MEXC logoMEXCspot$4.82 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
Binance logoBinancespot$4.83Bybit logoBybitspot$4.83 -0.10%-0.30% -0.10%— 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
OKX logoOKXPerpetual · KSM-USDT-SWAPPerpetual $4.82$4.82$4.82-0.09% -0.191%$853.9K
Bybit logoBybitPerpetual · KSMUSDTPerpetual $4.82$4.82$4.82-0.08% +0.030%$725.8K
OKX logoOKXSpot · KSM-USDTSpot $4.83$4.83$4.83+0.11% —$272.3K
Bitget logoBitgetPerpetual · KSMUSDTPerpetual $4.82$4.82$4.82-0.05% +0.030%$248.4K
MEXC logoMEXCPerpetual · KSM_USDTPerpetual $4.82$4.82$4.82-0.01% +0.030%$182.8K
Bybit logoBybitSpot · KSMUSDTSpot $4.83$4.83$4.83+0.08% —$72.6K
Gate logoGatePerpetual · KSM_USDTPerpetual $4.81$4.82$4.82-0.11% +0.030%$70.3K
KuCoin logoKuCoinPerpetual · KSMUSDTMPerpetual $4.82$4.83$4.820.00% +0.030%$37.9K
KuCoin logoKuCoinSpot · KSM-USDTSpot $4.82$4.83$4.83+0.04% —$28.8K
Gate logoGateSpot · KSM_USDTSpot $4.81$4.82$4.82-0.11% —$27.7K
Bitget logoBitgetSpot · KSMUSDTSpot $4.83$4.84$4.83+0.23% —$24.8K
Variational logoVariationalPerpetual · KSMPerpetual $4.81$4.82$4.81-0.23% -0.130%$100
Binance logoBinancePerpetual · KSMUSDTPerpetual $4.82$4.82$4.820.00% +0.029%—
Binance logoBinanceSpot · KSMUSDTSpot $4.82$4.83$4.83+0.04% ——
MEXC logoMEXCSpot · KSMUSDTSpot $4.82$4.83$4.83+0.05% ——
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 Variational perp at $4.82 and the highest bid on Bitget spot at $4.83.

The widest KSM perpetual spread is between Variational and Binance: long KSM on Variational at $4.82 and short on Binance at $4.82 for +0.13% gross, or -0.03% 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 +0.159% 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 Gate and short the perpetual on Binance: 0.00% gross, -0.20% net, with +0.029% a day of funding on the short leg.

Spot–spot KSM arbitrage (buy on Gate, withdraw, deposit and sell on Bitget) shows +0.23% 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): +0.23% gross and +0.03% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest KSM?

Variational (perp) has the lowest KSM ask at $4.82, and Bitget (spot) the highest bid at $4.83. 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 (Variational 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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