Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0562%/8h= −61.6% APRpaid last 24h −0.103%

Price spread now: MEXC against Kraken Futures−0.003%7-day average −0.134% · 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−$93as in the Price arb table

costs, in and out, $10k−$1061.058% of the position

Long on Kraken Futures Short on MEXC

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)−0.598%−$60 · spread now −0.003%, 7d avg −0.134%

Together, before fees−2.135%−$214 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.130% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.003% now, against its 7-day average of −0.134%): +$13 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_KASUSD	0.04297	0.0662	pay 0.0083% / 1h	53m 36s	$306K	$502K	20x
Short	MEXC KAS_USDT	0.04297	0.0100	get 0.0050% / 4h	1h 53m	$29.5M	$5.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$118.07
Price spread: −0.003% → −0.134%: $13.05
Slippage, 4 orders: −$95.82
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$210.83
Costs to cover: 1.058%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 54 min ago; MEXC: 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, 54 min ago	9.22 bp	36.0 bp −$36	259.2 bp −$2,592	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	6.96 bp	17.4 bp −$17	69.4 bp −$694	97.2 bp −$9,715	108.4 bp −$54.2K

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	0.04290	−0.167%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.486%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04295	−0.050%	$252K	$146K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04296	−0.015%	$4.1M	$12.8M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04288	−0.212%	$10.8M	$7.8M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04287	−0.236%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDTshort	+0.0100%	4h	0.04297	−0.003%	$29.5M	$5.1M	200x
KuCoin KASUSDTM	+0.0100%	4h	0.04294	−0.075%	$4.3M	$7.4M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04292	−0.119%	$11.8M	$3.2M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04292	−0.119%	—	$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	0.04293	−0.102%	$23K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0283% / S −0.1996%	1h	0.04290	−0.171%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04305	+0.183%	$369K	$294K	75x	as long as short
Hyperliquid KAS	+0.0407%	1h	0.04303	+0.144%	$2.8M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSDlong	+0.0662%	1h	0.04297	long leg	$306K	$502K	20x