Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0568%/8h= −62.1% APRpaid last 24h −0.103%

Price spread now: MEXC against Kraken Futures−0.001%7-day average −0.134% · you buy dearer than you sell

Net, funding: paid 7d − costs−$258as in the Funding arb table

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

costs, in and out, $10k−$1041.040% of the position

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−1.537%−$154 on $10k

Price spread, last 4 days (all we have)−0.526%−$53 · spread now −0.001%, 7d avg −0.134%

Together, before fees−2.063%−$206 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.133% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.001% now, against its 7-day average of −0.134%): +$13 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_KASUSD	0.04263	0.0668	pay 0.0083% / 1h	31m 08s	$304K	$502K	20x
Short	MEXC KAS_USDT	0.04263	0.0100	get 0.0050% / 4h	1h 31m	$29.3M	$5.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$119.18
Price spread: −0.001% → −0.134%: $13.25
Slippage, 4 orders: −$94.05
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$209.98
Costs to cover: 1.040%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 12 min ago; MEXC: live order book, 3 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, 12 min ago	8.20 bp	53.3 bp −$53	286.5 bp −$2,865	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.17 bp	14.6 bp −$15	60.0 bp −$600	91.8 bp −$9,176	106.8 bp −$53.4K

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	0.04259	−0.090%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+2.298%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04266	+0.068%	$250K	$146K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04264	+0.022%	$4.1M	$12.6M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04259	−0.095%	$10.7M	$7.8M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04259	−0.095%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDTshort	+0.0100%	4h	0.04263	−0.001%	$29.3M	$5.2M	200x
KuCoin KASUSDTM	+0.0100%	4h	0.04265	+0.036%	$4.3M	$7.4M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04259	−0.095%	$11.7M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04260	−0.072%	—	$67.7M	—	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	0.04262	−0.031%	$23K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0282% / S −0.1996%	1h	0.04259	−0.104%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04266	+0.069%	$366K	$291K	75x	as long as short
Hyperliquid KAS	+0.0522%	1h	0.04269	+0.128%	$2.7M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSDlong	+0.0668%	1h	0.04263	long leg	$304K	$502K	20x