KSM funding rate

Live Kusama perpetual funding on every connected exchange. Positive funding means longs pay shorts.

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Highest (24h)+0.030%Bybit

Lowest (24h)-0.352%Variational

Average (24h)-0.032%across 8 venues

Funding gap (24h)+0.382%short the highest, long the lowest

ExchangeFundingIntervalNext in24hAPRMarkvs indexVolume

BybitCEX · KSMUSDT+0.0100%8h—+0.030%+10.9%$5.07-0.314%$658.4K

BitgetCEX · KSMUSDT+0.0100%8h—+0.030%+10.9%$5.08-0.165%$229.6K

GateCEX · KSM_USDT+0.0100%8h05:14:16+0.030%+10.9%$5.09-0.177%$53.0K

KuCoinCEX · KSMUSDTM+0.0100%8h05:14:16+0.030%+10.9%$5.08-0.137%$20.3K

BinanceCEX · KSMUSDT-0.0005%8h—-0.002%-0.6%$5.09-0.084%—

MEXCCEX · KSM_USDT-0.0007%8h05:14:16-0.002%-0.8%$5.08-0.079%$167.5K

OKXCEX · KSM-USDT-SWAP-0.0037%4h01:14:16-0.022%-8.1%$5.08—$526.0K

VariationalCEX · KSM-0.1174%8h—-0.352%-128.5%$5.08—$10.9K

KSM funding rate explained

Right now Kusama (KSM) perpetual futures trade on 8 exchanges we track. The highest funding is on Bybit at +0.030% per day, the lowest on Variational at -0.352%. The average across all venues is -0.032% per day, or about -11.8% a year. Negative funding means KSM shorts are paying longs — the market is leaning short.

The gap between the highest and lowest venue is +0.382% per day. A delta-neutral position that shorts KSM on Bybit and goes long on Variational would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live KSM arbitrage board for the price side of the trade.

Settlement intervals differ: KSM funding is paid every 4 hours and 8 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.

What is the KSM funding rate today?

The average KSM funding rate across 8 exchanges is -0.032% per 24 hours. It ranges from -0.352% on Variational to +0.030% on Bybit. Rates update every few seconds on this page.

Which exchange has the highest KSM funding rate?

Bybit currently has the highest KSM funding at +0.030% per day, and Variational the lowest at -0.352%.

How often is KSM funding paid?

KSM perpetuals settle funding every 4 hours and 8 hours, depending on the exchange. The table shows each venue's interval and a countdown to the next payment.

Is KSM funding positive or negative?

On average it is negative (-0.032% per day): shorts pay longs.