Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1101%/8h= −120.6% APRpaid last 24h −0.131%

Price spread now: Bitget against Kraken Futures+0.080%7-day average −0.201% · you sell dearer than you buy

Net, funding: paid 7d − costs−$270as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$1141.140% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−1.557%−$156 on $10k

Price spread, last 4 days (all we have)−0.755%−$75 · spread now +0.080%, 7d avg −0.201%

Together, before fees−2.312%−$231 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.282% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.080% now, against its 7-day average of −0.201%): +$28 on $10k if it goes back. Holding the pair costs −$33 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_KASUSD	0.04297	0.1201	pay 0.0150% / 1h	17m 37s	$307K	$502K	20x
Short	Bitget KASUSDT	0.04300	0.0100	get 0.0050% / 4h	17m 37s	$11.8M	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.080%Rate

Funding earned: −$231.29
Price spread: +0.080% → −0.201%: $28.19
Slippage, 4 orders: −$92.04
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$317.14
Costs to cover: 1.140%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 40 min ago; Bitget: 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, 40 min ago	3.51 bp	34.0 bp −$34	310.9 bp −$3,109	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.33 bp	18.2 bp −$18	50.8 bp −$508	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	0.04293	−0.084%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.500%	$45	$154K	5.5x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04302	+0.127%	$4.2M	$12.8M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04299	+0.057%	$10.7M	$7.7M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04293	−0.082%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04301	+0.104%	$28.8M	$4.8M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04302	+0.122%	$4.3M	$7.3M	50x	as long as short
Bitget KASUSDTshort	+0.0100%	4h	0.04300	+0.080%	$11.8M	$3.1M	50x
BingX KAS-USDT	+0.0100%	4h	0.04299	+0.057%	—	$67.7M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04300	+0.074%	$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	+0.0105%	4h	0.04301	+0.095%	$252K	$167K	20x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0282% / S −0.5451%	1h	0.04292	−0.106%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04299	+0.057%	$374K	$294K	75x	as long as short
Hyperliquid KAS	+0.0701%	1h	0.04309	+0.281%	$2.8M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSDlong	+0.1201%	1h	0.04297	long leg	$307K	$502K	20x