Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0561%/8h= +61.5% APRpaid last 24h +0.120%

Price spread now: Kraken Futures against Bitget+0.142%7-day average +0.198% · you sell dearer than you buy

Net, funding: paid 7d − costs+$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1191.186% 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+1.575%+$157 on $10k

Price spread, last 4 days (all we have)+0.472%+$47 · spread now +0.142%, 7d avg +0.198%

Together, before fees+2.047%+$205 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.056% cheaper against Bitget than usual: you would sell low and buy high (spread +0.142% now, against its 7-day average of +0.198%). If the spread goes back, that is −$6 on $10k: about 8 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget KASUSDT	0.04297	0.0100	pay 0.0050% / 4h	1h 55m	$11.8M	$3.2M	50x
Short	Kraken Futures PF_KASUSD	0.04303	0.0661	get 0.0083% / 1h	55m 16s	$306K	$503K	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 +0.142%Rate

Funding earned: $117.87
Price spread: +0.142% → +0.198%: −$5.59
Slippage, 4 orders: −$96.61
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$6.33
Costs to cover: 1.186%
Break-even: 7.4 days

Slippage from Bitget: live order book, 3 min ago; Kraken Futures: live order book, 53 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, 3 min ago	3.49 bp	23.7 bp −$24	58.9 bp −$589	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 53 min ago	9.22 bp	37.6 bp −$38	158.2 bp −$1,582	doesn't fit	doesn't fit

KAS on 14 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
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.489%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04297	+0.008%	$252K	$146K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04301	+0.093%	$4.1M	$12.8M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04293	−0.093%	$10.8M	$7.8M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04294	−0.070%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04301	+0.093%	$29.5M	$5.1M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04298	+0.021%	$4.3M	$7.4M	50x	as long as short
Bitget KASUSDTlong	+0.0100%	4h	0.04297	long leg	$11.8M	$3.2M	50x
BingX KAS-USDT	+0.0100%	4h	0.04297	0.000%	—	$67.7M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04293	−0.099%	$23K	$24K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX KAS/USD [WBTC.b-USDC]	L +0.0283% / S −0.1996%	1h	0.04296	−0.023%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04305	+0.186%	$369K	$294K	75x	as long as short
Hyperliquid KAS	+0.0350%	1h	0.04306	+0.207%	$2.8M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSDshort	+0.0661%	1h	0.04303	+0.142%	$306K	$503K	20x