Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h −0.142%

Price spread now: BingX against Kraken Futures−0.116%7-day average −0.185% · you buy dearer than you sell

Net, funding: paid 7d − costs−$273as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1221.217% of the position

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−1.513%−$151 on $10k

Price spread, last 4 days (all we have)−0.959%−$96 · spread now −0.116%, 7d avg −0.185%

Together, before fees−2.472%−$247 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.069% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.116% now, against its 7-day average of −0.185%): +$7 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 14 days. At the pace of the last 7 days (−1.513% in total) that is about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_KASUSD	0.04280	0.0116	pay 0.0015% / 1h	5m 06s	$306K	$501K	20x
Short	BingX KAS-USDT	0.04275	0.0100	get 0.0050% / 4h	1h 05m	—	$67.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.116%Rate

Funding earned: −$3.45
Price spread: −0.116% → −0.185%: $6.86
Slippage, 4 orders: −$101.72
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$118.31
Costs to cover: 1.217%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 58 min ago; BingX: live order book, 4 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, 58 min ago	8.05 bp	37.3 bp −$37	314.1 bp −$3,141	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	4.66 bp	19.8 bp −$20	51.6 bp −$516	278.3 bp −$27.8K	504.5 bp −$252.2K

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	0.04272	−0.188%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.893%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04278	−0.048%	$251K	$166K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04278	−0.036%	$4.1M	$12.6M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04271	−0.210%	$10.6M	$7.7M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04272	−0.187%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04277	−0.070%	$28.5M	$4.8M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04280	+0.010%	$4.2M	$7.2M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04273	−0.163%	$11.7M	$3.1M	50x	as long as short
BingX KAS-USDTshort	+0.0100%	4h	0.04275	−0.116%	—	$67.9M	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KAS	+0.0100%	4h	0.04273	−0.171%	$25K	$20K	—	as long as short
Kraken Futures PF_KASUSDlong	+0.0116%	1h	0.04280	long leg	$306K	$501K	20x
GMX KAS/USD [WBTC.b-USDC]	L +0.0282% / S −0.5451%	1h	0.04270	−0.224%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04279	−0.023%	$382K	$292K	75x	as long as short
Hyperliquid KAS	+0.0516%	1h	0.04285	+0.108%	$2.7M	$1.1M	3x	as long as short