Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0015%/8h= −1.7% APRpaid last 24h −0.148%

Price spread now: KuCoin against Kraken Futures+0.374%7-day average −0.155% · you sell dearer than you buy

Net, funding: paid 7d − costs−$295as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$1441.443% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−1.507%−$151 on $10k

Price spread, last 3 days (all we have)−0.842%−$84 · spread now +0.374%, 7d avg −0.155%

Together, before fees−2.349%−$235 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.529% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.374% now, against its 7-day average of −0.155%): +$53 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 4 months. At the pace of the last 7 days (−1.507% in total) that is about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_KASUSD	0.04328	0.0115	pay 0.0014% / 1h	56m 42s	$307K	$494K	20x
Short	KuCoin KASUSDTM	0.04344	0.0100	get 0.0050% / 4h	1h 56m	$4.3M	$7.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.374%Rate

Funding earned: −$3.18
Price spread: +0.374% → −0.155%: $52.92
Slippage, 4 orders: −$122.32
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$94.58
Costs to cover: 1.443%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 6 min ago; KuCoin: live order book, 1 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, 6 min ago	8.05 bp	37.3 bp −$37	314.1 bp −$3,141	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	7.16 bp	36.7 bp −$37	132.5 bp −$1,325	doesn't fit	doesn't fit

KAS on 14 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	0.04321	−0.152%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+0.772%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04332	+0.104%	$254K	$168K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04336	+0.203%	$4.2M	$12.3M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04336	+0.194%	$10.8M	$7.5M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04335	+0.171%	$2.2M	$1.7M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04340	+0.287%	$28.9M	$4.6M	200x	as long as short
KuCoin KASUSDTMshort	+0.0100%	4h	0.04344	+0.374%	$4.3M	$7.0M	50x
Bitget KASUSDT	+0.0100%	4h	0.04340	+0.287%	$11.9M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04338	+0.240%	—	$67.9M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KAS	+0.0100%	4h	0.04343	+0.350%	$26K	$20K	—	as long as short
Kraken Futures PF_KASUSDlong	+0.0115%	1h	0.04328	long leg	$307K	$494K	20x
GMX KAS/USD [WBTC.b-USDC]	L +0.0290% / S −0.5848%	1h	0.04321	−0.152%	$12K	—	100x	as long as short
Hyperliquid KAS	+0.0426%	1h	0.04345	+0.409%	$2.8M	$1.1M	3x	as long as short