Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0309%/8h= +33.8% APRpaid last 24h +0.160%

Price spread now: Kraken Futures against Bitget+0.045%7-day average +0.204% · you sell dearer than you buy

Net, funding: paid 7d − costs+$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1061.056% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.507%+$151 on $10k

Price spread, last 3 days (all we have)+0.570%+$57 · spread now +0.045%, 7d avg +0.204%

Together, before fees+2.076%+$208 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.159% cheaper against Bitget than usual: you would sell low and buy high (spread +0.045% now, against its 7-day average of +0.204%). If the spread goes back, that is −$16 on $10k: about 41 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+1.507% in total) that is about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget KASUSDT	0.04310	0.0100	pay 0.0050% / 4h	3h 55m	$11.9M	$3.0M	50x
Short	Kraken Futures PF_KASUSD	0.04312	0.0409	get 0.0051% / 1h	55m 00s	$302K	$460K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now +0.045%Rate

Funding earned: $64.92
Price spread: +0.045% → +0.204%: −$15.92
Slippage, 4 orders: −$83.58
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$56.59
Costs to cover: 1.056%
Break-even: 13.1 days

Slippage from Bitget: live order book, 4 min ago; Kraken Futures: live order book, 18 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 Bitget live order book, 4 min ago	2.32 bp	19.1 bp −$19	51.8 bp −$518	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 18 min ago	5.78 bp	34.2 bp −$34	144.3 bp −$1,443	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	0.04310	−0.006%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.183%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04318	+0.180%	$255K	$168K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04313	+0.078%	$4.0M	$11.4M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04310	0.000%	$10.7M	$7.1M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04305	−0.116%	$2.1M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04311	+0.023%	$27.9M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04312	+0.058%	$4.3M	$6.8M	50x	as long as short
Bitget KASUSDTlong	+0.0100%	4h	0.04310	long leg	$11.9M	$3.0M	50x
BingX KAS-USDT	+0.0100%	4h	0.04308	−0.046%	—	$67.9M	—	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	0.04325	+0.346%	$25K	$21K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0289% / S −0.5848%	1h	0.04309	−0.019%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04317	+0.162%	$372K	$203K	75x	as long as short
Kraken Futures PF_KASUSDshort	+0.0409%	1h	0.04312	+0.045%	$302K	$460K	20x
Hyperliquid KAS	+0.0418%	1h	0.04320	+0.241%	$2.8M	$1.0M	3x	as long as short