Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h +0.004%

Price spread now: Hyperliquid against Aster+0.276%7-day average +0.101% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.177%−$18 · spread now +0.276%, 7d avg +0.101%

Together, before fees−0.169%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hyperliquid is 0.175% dearer against Aster than usual: you sell high and buy low (spread +0.276% now, against its 7-day average of +0.101%): +$18 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 37 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster KASUSDT	0.04352	0.0116	pay 0.0058% / 4h	2h 42m	$256K	$197K	20x
Short	Hyperliquid KAS	0.04364	0.0100	get 0.0013% / 1h	42m 36s	$2.8M	$911K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. 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 AsterbpFee HyperliquidbpOrdersPrice spread, now +0.276%Rate

Funding earned: −$3.32
Price spread: +0.276% → +0.101%: $17.54
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$2.78
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Aster: live order book, 44 min ago; Hyperliquid: live order book, 9 min ago. Net counts fees only.

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, 44 min ago	5.61 bp	20.6 bp −$21	478.0 bp −$4,780	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	4.57 bp	18.6 bp −$19	doesn't fit	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
Kraken Futures PF_KASUSD	−0.0192%	1h	0.04350	−0.032%	$288K	$432K	20x	as long as short
Injective KAS/USDC PERP	−0.0009%	1h	0.04423	+1.639%	$46	$102K	5.5x	as long as short
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0017%	1h	0.04348	−0.095%	$11K	—	150x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0036% / S +0.0043%	1h	0.04348	−0.077%	$4K	—	100x	as long as short
Hyperliquid KASshort	+0.0100%	1h	0.04364	+0.276%	$2.8M	$911K	3x
Binance KASUSDT	+0.0100%	4h	0.04356	+0.088%	$4.0M	$11.0M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04352	+0.008%	$10.7M	$7.1M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04346	−0.130%	$2.1M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04354	+0.054%	$27.8M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04356	+0.088%	$4.2M	$6.8M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget KASUSDT	+0.0100%	4h	0.04349	−0.061%	$11.9M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04352	+0.008%	—	$69.1M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04362	+0.238%	$26K	$20K	—	as long as short
Aster KASUSDTlong	+0.0116%	4h	0.04352	long leg	$256K	$197K	20x
BloFin KAS-USDT	+0.0340%	4h	0.04349	−0.061%	$390K	$223K	75x	as long as short