Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0958%/8h= +104.9% APRpaid last 24h +0.093%

Price spread now: Kraken Futures against KuCoin−0.025%52s7-day average +0.146% · you buy dearer than you sell

Net, funding: paid 7d − costs+$18as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1371.369% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.554%+$155 on $10k

Price spread, last 4 days (all we have)+0.493%+$49 · spread now −0.025%, 7d avg +0.146%

Together, before fees+2.046%+$205 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.170% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of +0.146%). If the spread goes back, that is −$17 on $10k: about 14 hours of funding at the current rate (+$29 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin KASUSDTM	0.04286	0.0100	pay 0.0050% / 4h	7m 27s	$4.5M	$7.1M	50x
Short	Kraken Futures PF_KASUSD	0.04285	0.1058	get 0.0132% / 1h	7m 27s	$305K	$495K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now −0.025%Rate

Funding earned: $201.26
Price spread: −0.025% → +0.146%: −$17.05
Slippage, 4 orders: −$114.9
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $47.31
Costs to cover: 1.369%
Break-even: 5.4 days

Slippage from KuCoin: live order book, 11 min ago; Kraken Futures: live order book, 30 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 KuCoin live order book, 11 min ago	3.51 bp	36.5 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 30 min ago	7.00 bp	37.1 bp −$37	177.9 bp −$1,779	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 −0.0008%	1h	0.04284	−0.045%	$14K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.748%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04288	+0.046%	$252K	$128K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04284	−0.052%	$4.0M	$12.6M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04280	−0.142%	$10.8M	$7.7M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04280	−0.142%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04284	−0.049%	$29.4M	$5.3M	200x	as long as short
KuCoin KASUSDTMlong	+0.0100%	4h	0.04286	long leg	$4.5M	$7.1M	50x
Bitget KASUSDT	+0.0100%	4h	0.04282	−0.096%	$11.7M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04282	−0.096%	—	$53.7M	—	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	0.04266	−0.470%	$23K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0282% / S −0.1996%	1h	0.04284	−0.047%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04287	+0.021%	$359K	$294K	75x	as long as short
Hyperliquid KAS	+0.0543%	1h	0.04294	+0.180%	$2.8M	$1.0M	3x	as long as short
Kraken Futures PF_KASUSDshort	+0.1058%	1h	0.04285	−0.025%	$305K	$495K	20x