Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: Bitget against Aster+0.093%7-day average −0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$950.946% of the position

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.205%−$21 · spread now +0.093%, 7d avg −0.097%

Together, before fees−0.209%+ Points / potential airdropAster: Stage 5 · farm board−$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.190% dearer against Aster than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster KASUSDT	0.04371	0.0100	pay 0.0050% / 4h	1h 57m	$256K	$199K	20x
Short	Bitget KASUSDT	0.04375	0.0100	get 0.0050% / 4h	1h 57m	$12.0M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aster. 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 AsterbpFee BitgetbpOrdersPrice spread, now +0.093%Rate

Funding earned: $0
Price spread: +0.093% → −0.097%: $19.05
Slippage, 4 orders: −$74.61
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$75.56
Costs to cover: 0.946%
Break-even: never at this rate

Slippage from Aster: live order book, 25 min ago; Bitget: live order book, 1 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 Aster live order book, 25 min ago	9.06 bp	30.1 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	3.43 bp	20.7 bp −$21	56.7 bp −$567	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 −0.0017%	1h	0.04373	+0.055%	$11K	—	150x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0055% / S −0.0177%	1h	0.04372	+0.027%	$4K	—	100x	as long as short
Kraken Futures PF_KASUSD	+0.0089%	1h	0.04376	+0.109%	$293K	$439K	20x	as long as short
Aster KASUSDTlong	+0.0100%	4h	0.04371	long leg	$256K	$199K	20x
Binance KASUSDT	+0.0100%	4h	0.04382	+0.253%	$4.1M	$11.2M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04375	+0.093%	$10.8M	$7.2M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04371	+0.002%	$2.2M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04379	+0.185%	$28.1M	$4.4M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04378	+0.171%	$4.2M	$6.8M	50x	as long as short
Bitget KASUSDTshort	+0.0100%	4h	0.04375	+0.093%	$12.0M	$3.0M	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX KAS-USDT	+0.0100%	4h	0.04378	+0.162%	—	$69.3M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04357	−0.312%	$26K	$21K	—	as long as short
Injective KAS/USDC PERP	+0.0329%	1h	0.04361	−0.227%	$45	$154K	5.5x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04372	+0.025%	$387K	$202K	75x	as long as short
Hyperliquid KAS	+0.0705%	1h	0.04388	+0.384%	$2.9M	$928K	3x	as long as short