Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h −0.168%

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

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_KASUSD	0.04371	0.0090	pay 0.0011% / 1h	50m 09s	$292K	$439K	20x
Short	Variational Omni KAS	0.04371	0.0100	get 0.0050% / 4h	1h 50m	$26K	$21K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.001%Rate

Funding earned: $2.19
Price spread: −0.001% → 0.000%: −$0.09
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.9
Costs to cover: 0.100%
Break-even: 32.3 days

Slippage unknown: Kraken Futures: live order book, 33 min ago; Variational Omni: no order-book sample. Net counts fees only.

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, 33 min ago	7.95 bp	45.5 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0017%	1h	0.04367	−0.089%	$11K	—	150x	as long as short
Kraken Futures PF_KASUSDlong	+0.0090%	1h	0.04371	long leg	$292K	$439K	20x
Aster KASUSDT	+0.0100%	4h	0.04372	+0.023%	$256K	$199K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04373	+0.042%	$4.1M	$11.2M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04369	−0.050%	$10.8M	$7.2M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04369	−0.050%	$2.2M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04370	−0.027%	$28.0M	$4.4M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04373	+0.033%	$4.2M	$6.8M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04371	−0.004%	$12.0M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04370	−0.027%	—	$69.3M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KASshort	+0.0100%	4h	0.04371	−0.001%	$26K	$21K	—
GMX KAS/USD [WBTC.b-USDC]	L +0.0127% / S −0.0758%	1h	0.04367	−0.084%	$11K	—	100x	as long as short
Injective KAS/USDC PERP	+0.0329%	1h	0.04361	−0.233%	$45	$154K	5.5x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04373	+0.042%	$381K	$203K	75x	as long as short
Hyperliquid KAS	+0.0478%	1h	0.04380	+0.211%	$2.9M	$933K	3x	as long as short