Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0301%/8h= −33.0% APRpaid last 24h −0.154%

Price spread now: KuCoin against Kraken Futures−0.069%7-day average −0.151% · you buy dearer than you sell

Net, funding: paid 7d − costs−$285as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1361.355% 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−1.491%−$149 on $10k

Price spread, last 3 days (all we have)−0.453%−$45 · spread now −0.069%, 7d avg −0.151%

Together, before fees−1.944%−$194 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.082% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.069% now, against its 7-day average of −0.151%): +$8 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−1.491% in total) that is about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_KASUSD	0.04394	0.0401	pay 0.0050% / 1h	23m 37s	$309K	$468K	20x
Short	KuCoin KASUSDTM	0.04391	0.0100	get 0.0050% / 4h	3h 23m	$4.3M	$6.8M	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 −0.069%Rate

Funding earned: −$63.31
Price spread: −0.069% → −0.151%: $8.17
Slippage, 4 orders: −$113.55
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$190.69
Costs to cover: 1.355%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 49 min ago; KuCoin: live order book, 4 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, 49 min ago	5.78 bp	32.8 bp −$33	316.5 bp −$3,165	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	3.66 bp	25.7 bp −$26	129.0 bp −$1,290	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	0.04392	−0.047%	$5K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	−0.754%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04390	−0.101%	$259K	$168K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04392	−0.038%	$4.1M	$11.7M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04389	−0.117%	$10.9M	$7.2M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04386	−0.185%	$2.2M	$1.7M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04391	−0.071%	$28.4M	$4.5M	200x	as long as short
KuCoin KASUSDTMshort	+0.0100%	4h	0.04391	−0.069%	$4.3M	$6.8M	50x
Bitget KASUSDT	+0.0100%	4h	0.04389	−0.117%	$12.1M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04390	−0.094%	—	$67.8M	—	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	0.04390	−0.099%	$26K	$21K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0291% / S −0.5848%	1h	0.04392	−0.058%	$12K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04392	−0.049%	$378K	$266K	75x	as long as short
Kraken Futures PF_KASUSDlong	+0.0401%	1h	0.04394	long leg	$309K	$468K	20x
Hyperliquid KAS	+0.0493%	1h	0.04400	+0.131%	$2.8M	$1.0M	3x	as long as short