KSM arbitrage between HTX and OKX: we compare the price of KSM on HTX (spot) and OKX (futures) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About Kusama

Kusama is a public blockchain network that is running the exact same codebase as Polkadot. It is aimed to be a canary build for the Polkadot network which is an experimental and development environment for new features that will eventually be deployed to Polkadot. Because of the experimental nature of Kusama, the developmental speed is much faster and it has seen significant traction since launched in 2019. Kusama is an early, highly experimental version of Polkadot presenting real economic conditions. The community will own the network – there will be no central kill switch. Kusama will exist as long as its community maintains it and we envision it will cater to new, early functionality and projects preparing to develop and deploy on Polkadot.

Smart Contract Platform, Polkadot Ecosystem, Proof of Stake (PoS), Pantera Capital Portfolio

KSM: HTX — deposit open, withdrawal open; OKX — deposit open, withdrawal open.

Open interest in KSM right now — $4.8M: Binance $1.3M, BingX $1.3M, Bybit $1.0M, KuCoin $542.3K, OKX $404.4K. See OI KSM.

News about KSM

About KSM arbitrage

How do I read the KSM spread?

The spread is how many percent higher KSM trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HTX and OKX. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get KSM alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.