Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0493%/8h= −54.0% APRpaid last 24h −0.136%

Price spread now: Gate against Kraken Futures−0.096%7-day average −0.248% · you buy dearer than you sell

Net, funding: paid 7d − costs−$298as in the Funding arb table

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

costs, in and out, $10k−$1401.396% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−1.589%−$159 on $10k

Price spread, last 4 days (all we have)−0.655%−$65 · spread now −0.096%, 7d avg −0.248%

Together, before fees−2.244%−$224 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.152% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.096% now, against its 7-day average of −0.248%): +$15 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_KASUSD	0.04307	0.0593	pay 0.0074% / 1h	25m 08s	$307K	$504K	20x
Short	Gate KAS_USDT	0.04303	0.0100	get 0.0100% / 8h	3h 25m	$2.1M	$1.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.096%Rate

Funding earned: −$103.54
Price spread: −0.096% → −0.248%: $15.21
Slippage, 4 orders: −$114.57
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$227.9
Costs to cover: 1.396%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 28 min ago; Gate: live order book, 3 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, 28 min ago	6.92 bp	36.6 bp −$37	255.6 bp −$2,556	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	3.49 bp	24.9 bp −$25	116.1 bp −$1,161	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	0.04302	−0.122%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.251%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04309	+0.047%	$253K	$167K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04307	−0.003%	$4.2M	$12.7M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04302	−0.119%	$10.7M	$7.7M	50x	as long as short
Gate KAS_USDTshort	+0.0100%	8h	0.04303	−0.096%	$2.1M	$1.8M	75x
MEXC KAS_USDT	+0.0100%	4h	0.04307	−0.003%	$28.9M	$4.9M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04308	+0.030%	$4.3M	$7.3M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04301	−0.142%	$11.8M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04305	−0.049%	—	$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	0.04302	−0.126%	$23K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0283% / S −0.1996%	1h	0.04302	−0.112%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04307	−0.003%	$380K	$294K	75x	as long as short
Kraken Futures PF_KASUSDlong	+0.0593%	1h	0.04307	long leg	$307K	$504K	20x
Hyperliquid KAS	+0.0636%	1h	0.04314	+0.169%	$2.8M	$1.1M	3x	as long as short