Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0302%/8h= +33.1% APRpaid last 24h +0.154%

Price spread now: Kraken Futures against Bitget−0.075%7-day average +0.202% · you buy dearer than you sell

Net, funding: paid 7d − costs+$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1091.095% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.518%+$152 on $10k

Price spread, last 3 days (all we have)+0.623%+$62 · spread now −0.075%, 7d avg +0.202%

Together, before fees+2.141%+$214 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.276% cheaper against Bitget than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of +0.202%). If the spread goes back, that is −$28 on $10k: about 3.1 days of funding at the current rate (+$9 a day). At the pace of the last 7 days (+1.518% in total) that is about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget KASUSDT	0.04391	0.0100	pay 0.0050% / 4h	3h 16m	$12.1M	$3.0M	50x
Short	Kraken Futures PF_KASUSD	0.04388	0.0402	get 0.0050% / 1h	16m 58s	$309K	$467K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee Kraken FuturesbpOrdersPrice spread, now −0.075%Rate

Funding earned: $63.43
Price spread: −0.075% → +0.202%: −$27.64
Slippage, 4 orders: −$87.46
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$73.67
Costs to cover: 1.095%
Break-even: 15.1 days

Slippage from Bitget: live order book, 2 min ago; Kraken Futures: live order book, 56 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 2 min ago	2.28 bp	21.6 bp −$22	61.0 bp −$610	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 56 min ago	5.78 bp	34.2 bp −$34	144.3 bp −$1,443	doesn't fit	doesn't fit

KAS on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0001%	1h	0.04384	−0.160%	$5K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	−0.683%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04386	−0.115%	$259K	$168K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04396	+0.114%	$4.1M	$11.7M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04390	−0.023%	$10.9M	$7.2M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04386	−0.114%	$2.2M	$1.7M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04395	+0.091%	$28.5M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04390	−0.027%	$4.3M	$6.9M	50x	as long as short
Bitget KASUSDTlong	+0.0100%	4h	0.04391	long leg	$12.1M	$3.0M	50x
BingX KAS-USDT	+0.0100%	4h	0.04392	+0.023%	—	$67.9M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KAS	+0.0100%	4h	0.04386	−0.108%	$26K	$21K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0291% / S −0.5848%	1h	0.04383	−0.189%	$12K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04388	−0.068%	$378K	$266K	75x	as long as short
Kraken Futures PF_KASUSDshort	+0.0402%	1h	0.04388	−0.075%	$309K	$467K	20x
Hyperliquid KAS	+0.0466%	1h	0.04402	+0.241%	$2.8M	$1.0M	3x	as long as short