Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0303%/8h= −33.2% APRpaid last 24h −0.150%

Price spread now: Aster against Kraken Futures0.000%7-day average −0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1421.423% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−1.616%−$162 on $10k

Price spread, last 3 days (all we have)−0.440%−$44 · spread now 0.000%, 7d avg −0.109%

Together, before fees−2.055%+ Points / potential airdropAster: Stage 5 · farm board−$206 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.109% dearer against Kraken Futures than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.109%): +$11 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 5 days (−1.616% 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	0.04372	0.0403	pay 0.0050% / 1h	32m 28s	$308K	$469K	20x
Short	Aster KASUSDT	0.04372	0.0100	get 0.0050% / 4h	3h 32m	$258K	$168K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 AsterbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$63.73
Price spread: 0.000% → −0.109%: $10.92
Slippage, 4 orders: −$124.27
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$195.08
Costs to cover: 1.423%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 40 min ago; Aster: live order book, 39 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, 40 min ago	5.78 bp	32.8 bp −$33	316.5 bp −$3,165	doesn't fit	doesn't fit
Sell Aster live order book, 39 min ago	10.38 bp	24.5 bp −$24	doesn't fit	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	0.04371	−0.033%	$5K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	−0.261%	$45	$154K	5.5x	as long as short
Aster KASUSDTshort	+0.0100%	4h	0.04372	0.000%	$258K	$168K	20x
Binance KASUSDT	+0.0100%	4h	0.04372	−0.010%	$4.1M	$11.7M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04367	−0.124%	$10.8M	$7.2M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04367	−0.124%	$2.1M	$1.7M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04375	+0.059%	$28.3M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04377	+0.102%	$4.3M	$6.8M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04367	−0.124%	$12.0M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04371	−0.033%	—	$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	0.04375	+0.055%	$26K	$21K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0291% / S −0.5848%	1h	0.04369	−0.088%	$12K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04373	+0.013%	$378K	$267K	75x	as long as short
Kraken Futures PF_KASUSDlong	+0.0403%	1h	0.04372	long leg	$308K	$469K	20x
Hyperliquid KAS	+0.0504%	1h	0.04378	+0.123%	$2.8M	$1.0M	3x	as long as short