Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0491%/8h= +53.8% APRpaid last 24h +0.134%

Price spread now: Kraken Futures against KuCoin−0.017%7-day average +0.149% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$165as in the Price arb table

costs, in and out, $10k−$1491.486% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.551%+$155 on $10k

Price spread, last 4 days (all we have)+0.683%+$68 · spread now −0.017%, 7d avg +0.149%

Together, before fees+2.235%+$223 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.166% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.017% now, against its 7-day average of +0.149%). If the spread goes back, that is −$17 on $10k: about 27 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin KASUSDTM	0.04321	0.0100	pay 0.0050% / 4h	3h 42m	$4.3M	$7.3M	50x
Short	Kraken Futures PF_KASUSD	0.04320	0.0591	get 0.0074% / 1h	42m 24s	$309K	$504K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now −0.017%Rate

Funding earned: $103.17
Price spread: −0.017% → +0.149%: −$16.6
Slippage, 4 orders: −$126.59
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$62.01
Costs to cover: 1.486%
Break-even: 11.2 days

Slippage from KuCoin: live order book, 1 min ago; Kraken Futures: live order book, 10 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 KuCoin live order book, 1 min ago	2.66 bp	40.7 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 10 min ago	6.92 bp	48.7 bp −$49	177.1 bp −$1,771	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	0.04318	−0.064%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+0.935%	$45	$154K	5.5x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04322	+0.032%	$4.2M	$12.6M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04318	−0.060%	$10.8M	$7.7M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04317	−0.083%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04322	+0.032%	$29.0M	$4.8M	200x	as long as short
KuCoin KASUSDTMlong	+0.0100%	4h	0.04321	long leg	$4.3M	$7.3M	50x
Bitget KASUSDT	+0.0100%	4h	0.04315	−0.130%	$11.8M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04319	−0.037%	—	$67.7M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04322	+0.026%	$23K	$24K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KASUSDT	+0.0106%	4h	0.04325	+0.099%	$254K	$167K	20x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0283% / S −0.1996%	1h	0.04317	−0.086%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04329	+0.194%	$383K	$296K	75x	as long as short
Hyperliquid KAS	+0.0421%	1h	0.04329	+0.190%	$2.8M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSDshort	+0.0591%	1h	0.04320	−0.017%	$309K	$504K	20x