Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h −0.163%

Price spread now: Binance against Kraken Futures+0.045%7-day average −0.145% · you sell dearer than you buy

Net, funding: paid 7d − costs−$254as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$1091.085% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−1.454%−$145 on $10k

Price spread, last 3 days (all we have)−0.726%−$73 · spread now +0.045%, 7d avg −0.145%

Together, before fees−2.180%−$218 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Binance is 0.190% dearer against Kraken Futures than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.145%. Mind the row above: over the last 7 days funding on this pair cost −1.454%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_KASUSD	0.04374	0.0090	pay 0.0011% / 1h	10m 40s	$297K	$449K	20x
Short	Binance KASUSDT	0.04376	0.0100	get 0.0050% / 4h	1h 10m	$4.0M	$11.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now +0.045%Rate

Funding earned: $2.2
Price spread: +0.045% → −0.145%: $18.96
Slippage, 4 orders: −$88.54
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$87.38
Costs to cover: 1.085%
Break-even: 284.6 days

Slippage from Kraken Futures: live order book, 7 min ago; Binance: live order book, 14 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 Kraken Futures live order book, 7 min ago	5.73 bp	34.0 bp −$34	318.3 bp −$3,183	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	2.29 bp	16.7 bp −$17	60.8 bp −$608	500.6 bp −$50.1K	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 −0.0017%	1h	0.04372	−0.054%	$11K	—	150x	as long as short
Kraken Futures PF_KASUSDlong	+0.0090%	1h	0.04374	long leg	$297K	$449K	20x
Aster KASUSDT	+0.0100%	4h	0.04371	−0.078%	$256K	$201K	20x	as long as short
Binance KASUSDTshort	+0.0100%	4h	0.04376	+0.045%	$4.0M	$11.2M	75x
Bybit KASUSDT	+0.0100%	4h	0.04371	−0.069%	$10.8M	$7.1M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04371	−0.069%	$2.2M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04376	+0.045%	$28.0M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04376	+0.056%	$4.3M	$6.8M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04371	−0.069%	$12.0M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04372	−0.046%	—	$69.5M	—	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	0.04370	−0.082%	$26K	$21K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0183% / S −0.2412%	1h	0.04371	−0.067%	$11K	—	100x	as long as short
Injective KAS/USDC PERP	+0.0329%	1h	0.04361	−0.298%	$45	$154K	5.5x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04381	+0.159%	$380K	$210K	75x	as long as short
Hyperliquid KAS	+0.0687%	1h	0.04387	+0.292%	$2.9M	$994K	3x	as long as short