Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0563%/8h= −61.6% APRpaid last 24h −0.103%

Price spread now: Binance against Kraken Futures−0.075%7-day average −0.136% · you buy dearer than you sell

Net, funding: paid 7d − costs−$260as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1061.063% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−1.537%−$154 on $10k

Price spread, last 4 days (all we have)−0.445%−$44 · spread now −0.075%, 7d avg −0.136%

Together, before fees−1.982%−$198 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.061% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.075% now, against its 7-day average of −0.136%): +$6 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_KASUSD	0.04295	0.0663	pay 0.0083% / 1h	1m 42s	$307K	$496K	20x
Short	Binance KASUSDT	0.04292	0.0100	get 0.0050% / 4h	1h 01m	$4.1M	$12.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.075%Rate

Funding earned: −$118.14
Price spread: −0.075% → −0.136%: $6.1
Slippage, 4 orders: −$86.32
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$218.36
Costs to cover: 1.063%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 41 min ago; Binance: live order book, 8 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, 41 min ago	8.20 bp	53.3 bp −$53	286.5 bp −$2,865	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	1.16 bp	12.6 bp −$13	57.3 bp −$573	507.6 bp −$50.8K	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	0.04288	−0.157%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.542%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04296	+0.032%	$252K	$130K	20x	as long as short
Binance KASUSDTshort	+0.0100%	4h	0.04292	−0.075%	$4.1M	$12.6M	75x
Bybit KASUSDT	+0.0100%	4h	0.04285	−0.227%	$10.8M	$7.7M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04288	−0.157%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04293	−0.041%	$29.5M	$5.2M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04293	−0.039%	$4.3M	$7.3M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04287	−0.181%	$11.8M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04290	−0.111%	—	$67.7M	—	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	0.04297	+0.058%	$23K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0282% / S −0.1996%	1h	0.04288	−0.162%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04295	+0.006%	$363K	$293K	75x	as long as short
Hyperliquid KAS	+0.0391%	1h	0.04296	+0.029%	$2.8M	$1.0M	3x	as long as short
Kraken Futures PF_KASUSDlong	+0.0663%	1h	0.04295	long leg	$307K	$496K	20x