Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Bybit against Aster−0.013%7-day average −0.126% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1261.263% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.005%−$1 on $10k

Price spread, last 4 days (all we have)−0.153%−$15 · spread now −0.013%, 7d avg −0.126%

Together, before fees−0.159%+ Points / potential airdropAster: Stage 5 · farm board−$16 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: Bybit is 0.113% dearer against Aster than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.126%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster KASUSDT	0.04300	0.0100	pay 0.0050% / 4h	43m 35s	$252K	$129K	20x
Short	Bybit KASUSDT	0.04299	0.0100	get 0.0050% / 4h	43m 35s	$10.8M	$7.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.013%Rate

Funding earned: $0
Price spread: −0.013% → −0.126%: $11.33
Slippage, 4 orders: −$107.26
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$114.93
Costs to cover: 1.263%
Break-even: never at this rate

Slippage from Aster: live order book, 58 min ago; Bybit: 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 Aster live order book, 58 min ago	14.02 bp	57.3 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.49 bp	18.9 bp −$19	62.1 bp −$621	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	0.04299	−0.013%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.429%	$45	$154K	5.5x	as long as short
Aster KASUSDTlong	+0.0100%	4h	0.04300	long leg	$252K	$129K	20x
Binance KASUSDT	+0.0100%	4h	0.04303	+0.081%	$4.1M	$12.6M	75x	as long as short
Bybit KASUSDTshort	+0.0100%	4h	0.04299	−0.013%	$10.8M	$7.7M	50x
Gate KAS_USDT	+0.0100%	8h	0.04299	−0.013%	$2.2M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04301	+0.034%	$29.5M	$5.2M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04300	+0.013%	$4.4M	$7.2M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04300	+0.011%	$11.8M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04301	+0.034%	—	$40.3M	—	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	0.04301	+0.038%	$23K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0283% / S −0.1996%	1h	0.04300	+0.006%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04310	+0.243%	$364K	$294K	75x	as long as short
Hyperliquid KAS	+0.0448%	1h	0.04308	+0.201%	$2.8M	$1.0M	3x	as long as short
Kraken Futures PF_KASUSD	+0.1054%	1h	0.04302	+0.057%	$307K	$496K	20x	as long as short