Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0622%/8h= +68.2% APRpaid last 24h +0.148%

Price spread now: Kraken Futures against Binance+0.086%7-day average +0.144% · you sell dearer than you buy

Net, funding: paid 7d − costs+$49as in the Funding arb table

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

costs, in and out, $10k−$1011.008% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.493%+$149 on $10k

Price spread, last 3 days (all we have)+0.374%+$37 · spread now +0.086%, 7d avg +0.144%

Together, before fees+1.867%+$187 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.058% cheaper against Binance than usual: you would sell low and buy high (spread +0.086% now, against its 7-day average of +0.144%). If the spread goes back, that is −$6 on $10k: about 7 hours of funding at the current rate (+$19 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance KASUSDT	0.04413	0.0100	pay 0.0050% / 4h	2h 19m	$4.2M	$12.1M	75x
Short	Kraken Futures PF_KASUSD	0.04417	0.0722	get 0.0090% / 1h	19m 18s	$312K	$479K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now +0.086%Rate

Funding earned: $130.72
Price spread: +0.086% → +0.144%: −$5.82
Slippage, 4 orders: −$80.79
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $24.11
Costs to cover: 1.008%
Break-even: 5.7 days

Slippage from Binance: live order book, 6 min ago; Kraken Futures: live order book, 49 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 Binance live order book, 6 min ago	2.26 bp	17.6 bp −$18	68.5 bp −$685	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 49 min ago	10.22 bp	33.0 bp −$33	150.2 bp −$1,502	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 0.0000%	1h	0.04411	−0.049%	$3K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	−1.178%	$45	$154K	5.5x	as long as short
Binance KASUSDTlong	+0.0100%	4h	0.04413	long leg	$4.2M	$12.1M	75x
Bybit KASUSDT	+0.0100%	4h	0.04408	−0.113%	$10.9M	$7.4M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04408	−0.113%	$2.2M	$1.7M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04415	+0.045%	$29.1M	$4.6M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04416	+0.075%	$4.3M	$7.0M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04412	−0.023%	$12.2M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04409	−0.091%	—	$67.9M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04416	+0.061%	$26K	$20K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KASUSDT	+0.0103%	4h	0.04418	+0.109%	$259K	$168K	20x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0293% / S −0.5848%	1h	0.04409	−0.082%	$12K	—	100x	as long as short
Hyperliquid KAS	+0.0451%	1h	0.04420	+0.165%	$2.9M	$1.0M	3x	as long as short
Kraken Futures PF_KASUSDshort	+0.0722%	1h	0.04417	+0.086%	$312K	$479K	20x