Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0623%/8h= −68.2% APRpaid last 24h −0.154%

Price spread now: KuCoin against Kraken Futures−0.261%52s7-day average −0.151% · you buy dearer than you sell

Net, funding: paid 7d − costs−$286as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1371.371% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−1.491%−$149 on $10k

Price spread, last 3 days (all we have)−0.261%−$26 · spread now −0.261%, 7d avg −0.151%

Together, before fees−1.752%−$175 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and KuCoin is 0.110% cheaper against Kraken Futures than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.151%). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_KASUSD	0.04412	0.0723	pay 0.0090% / 1h	58m 23s	$310K	$467K	20x
Short	KuCoin KASUSDTM	0.04401	0.0100	get 0.0050% / 4h	2h 58m	$4.3M	$6.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.261%Rate

Funding earned: −$130.88
Price spread: −0.261% → −0.151%: −$11.04
Slippage, 4 orders: −$115.05
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$278.97
Costs to cover: 1.371%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 9 min ago; KuCoin: live order book, 5 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, 9 min ago	10.22 bp	33.3 bp −$33	183.8 bp −$1,838	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	4.66 bp	29.0 bp −$29	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 0.0000%	1h	0.04400	−0.275%	$3K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	−1.159%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04395	−0.379%	$259K	$168K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04405	−0.162%	$4.1M	$11.7M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04400	−0.275%	$10.9M	$7.2M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04398	−0.320%	$2.2M	$1.7M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04400	−0.275%	$28.8M	$4.5M	200x	as long as short
KuCoin KASUSDTMshort	+0.0100%	4h	0.04401	−0.261%	$4.3M	$6.9M	50x
Bitget KASUSDT	+0.0100%	4h	0.04400	−0.275%	$12.1M	$2.9M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04393	−0.433%	—	$67.8M	—	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	0.04387	−0.576%	$26K	$21K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0292% / S −0.5848%	1h	0.04400	−0.266%	$12K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04419	+0.156%	$383K	$287K	75x	as long as short
Hyperliquid KAS	+0.0650%	1h	0.04416	+0.097%	$2.8M	$1.0M	3x	as long as short
Kraken Futures PF_KASUSDlong	+0.0723%	1h	0.04412	long leg	$310K	$467K	20x