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: Kraken Futures against MEXC+0.003%7-day average +0.134% · you sell dearer than you buy

Net, funding: paid 7d − costs+$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

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

Long on MEXC Short on Kraken Futures

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

Funding pays, the price is against you. Kraken Futures is 0.130% cheaper against MEXC than usual: you would sell low and buy high (spread +0.003% now, against its 7-day average of +0.134%). If the spread goes back, that is −$13 on $10k: about 19 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC KAS_USDT	0.04297	0.0100	pay 0.0050% / 4h	1h 53m	$29.5M	$5.1M	200x
Short	Kraken Futures PF_KASUSD	0.04297	0.0662	get 0.0083% / 1h	53m 35s	$306K	$502K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now +0.003%Rate

Funding earned: $118.07
Price spread: +0.003% → +0.134%: −$13.05
Slippage, 4 orders: −$95.82
Fee MEXC: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$0.8
Costs to cover: 1.058%
Break-even: 7.0 days

Slippage from MEXC: live order book, 5 min ago; Kraken Futures: live order book, 54 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 MEXC live order book, 5 min ago	6.96 bp	14.8 bp −$15	58.2 bp −$582	85.9 bp −$8,587	98.3 bp −$49.2K
Sell Kraken Futures live order book, 54 min ago	9.22 bp	37.6 bp −$38	158.2 bp −$1,582	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	0.04290	−0.164%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.489%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04295	−0.047%	$252K	$146K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04296	−0.012%	$4.1M	$12.8M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04288	−0.209%	$10.8M	$7.8M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04287	−0.233%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDTlong	+0.0100%	4h	0.04297	long leg	$29.5M	$5.1M	200x
KuCoin KASUSDTM	+0.0100%	4h	0.04294	−0.072%	$4.3M	$7.4M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04292	−0.116%	$11.8M	$3.2M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04292	−0.116%	—	$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	−0.099%	$23K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0283% / S −0.1996%	1h	0.04290	−0.168%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04305	+0.186%	$369K	$294K	75x	as long as short
Hyperliquid KAS	+0.0407%	1h	0.04303	+0.147%	$2.8M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSDshort	+0.0662%	1h	0.04297	+0.003%	$306K	$502K	20x