Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1093%/8h= −119.7% APRpaid last 24h −0.133%

Price spread now: Gate against Kraken Futures−0.050%7-day average −0.249% · you buy dearer than you sell

Net, funding: paid 7d − costs−$284as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1271.268% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−1.568%−$157 on $10k

Price spread, last 4 days (all we have)−0.637%−$64 · spread now −0.050%, 7d avg −0.249%

Together, before fees−2.205%−$221 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.199% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.050% now, against its 7-day average of −0.249%): +$20 on $10k if it goes back. Holding the pair costs −$33 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_KASUSD	0.04326	0.1193	pay 0.0149% / 1h	1m 14s	$310K	$505K	20x
Short	Gate KAS_USDT	0.04324	0.0100	get 0.0100% / 8h	4h 01m	$2.1M	$1.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.050%Rate

Funding earned: −$229.56
Price spread: −0.050% → −0.249%: $19.9
Slippage, 4 orders: −$101.79
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$336.45
Costs to cover: 1.268%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 57 min ago; Gate: live order book, 2 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, 57 min ago	3.51 bp	34.0 bp −$34	310.9 bp −$3,109	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.32 bp	24.2 bp −$24	127.5 bp −$1,275	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	0.04323	−0.077%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+0.805%	$45	$154K	5.5x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04330	+0.088%	$4.2M	$12.7M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04323	−0.073%	$10.8M	$7.7M	50x	as long as short
Gate KAS_USDTshort	+0.0100%	8h	0.04324	−0.050%	$2.1M	$1.8M	75x
MEXC KAS_USDT	+0.0100%	4h	0.04327	+0.019%	$28.9M	$4.8M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04328	+0.054%	$4.3M	$7.3M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04326	−0.004%	$11.9M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04326	−0.004%	—	$67.7M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04299	−0.634%	$23K	$23K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KASUSDT	+0.0104%	4h	0.04325	−0.027%	$254K	$167K	20x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0283% / S −0.5451%	1h	0.04322	−0.099%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04329	+0.065%	$379K	$296K	75x	as long as short
Hyperliquid KAS	+0.0617%	1h	0.04333	+0.160%	$2.8M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSDlong	+0.1193%	1h	0.04326	long leg	$310K	$505K	20x