Kusama Funding Rate (KSM)

Compare Kusama perpetual funding rates across exchanges in real time · OI-weighted composite rate · updated every minute

Kusama current price: $3.59

Rate MatrixHeatmapCumulative Fees

KSM Funding Rate by Exchange

Next settlement --:--:--
#ExchangeFunding RateAPRSettlement IntervalNext SettlementOpen Interest
1Binance+0.0092%+10.08%8h00:00 UTC$1.5M
2Bybit+0.0100%+10.95%8h00:00 UTC$1.3M
3KuCoin+0.0100%+10.95%8h00:00 UTC$0.4M
4WhiteBIT+0.0100%+10.95%8h00:00 UTC$0.4M
5MEXC+0.0094%$0.3M
6Bitget+0.0100%+10.95%8h$0.3M
7Gate-0.0110%-12.04%8h00:00 UTC$0.1M
8Krakenhighest-0.0229%$0.0M
9CoinEx+0.0224%+24.55%8h08:00 UTC$0.0M
10Crypto.com-0.0017%$0.0M
11BingX+0.0100%00:00 UTC
12Bitunix+0.0088%+9.59%8h00:00 UTC
13LBank+0.0094%00:00 UTC
APR = period rate × (24 / settlement interval) × 365. Shown as — when the exchange's settlement interval is unknown.
Simple Average
+0.0057%
OI-Weighted Rate
+0.0088%
Volume-Weighted Rate
+0.0067%

KSM Funding Rate History

KSM Cumulative Funding Cost

Cumulative settled funding rate by exchange over each window — positive means longs paid shorts (cost of holding a long), negative means shorts paid longs.

Exchange1D7D30D90D
Binance+0.0100%+0.1879%+0.6415%+0.8691%

About Kusama Funding Rate

What is the KSM funding rate?

The KSM funding rate is a periodic payment between long and short traders on Kusama perpetual futures, designed to keep the contract price anchored to the spot index. When the rate is positive, longs pay shorts; when negative, shorts pay longs. It is the main ongoing cost (or income) of holding a leveraged KSM perpetual position.

What does a positive or negative KSM funding rate mean?

A persistently positive KSM funding rate signals crowded long positioning and bullish sentiment — longs keep paying to stay in the trade. A negative rate signals short-side dominance and bearish sentiment. Extreme funding rates in either direction often indicate an overcrowded trade and raise the risk of a sharp reversal or short squeeze/long squeeze.

What is the current KSM funding rate?

As of now, the KSM funding rate averages 0.0057% across 13 exchanges CoinBoss tracks, and the rate is positive. This figure updates in real time — check the table above for the latest per-exchange breakdown and the OI-weighted composite rate.

Which exchange has the highest KSM funding rate?

Right now kraken shows the highest (or most extreme) KSM funding rate among tracked exchanges, at -0.0229%. Funding rates can vary meaningfully across exchanges due to differences in order-book premium, index price and leverage demand — creating potential funding rate arbitrage opportunities.
Most exchanges settle funding every 8 hours (00:00 / 08:00 / 16:00 UTC). Actual settlement intervals may vary by exchange and contract.