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: Aster against Binance−0.129%7-day average +0.039% · 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−$119as in the Price arb table

costs, in and out, $10k−$1031.026% of the position

Long on Binance Short on Aster

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)+0.220%+$22 · spread now −0.129%, 7d avg +0.039%

Together, before fees+0.224%+ Points / potential airdropAster: Stage 5 · farm board+$22 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: Aster is 0.167% cheaper against Binance than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance KASUSDT	0.04378	0.0100	pay 0.0050% / 4h	1h 15m	$4.0M	$11.2M	75x
Short	Aster KASUSDT	0.04372	0.0100	get 0.0050% / 4h	1h 15m	$256K	$201K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now −0.129%Rate

Funding earned: $0
Price spread: −0.129% → +0.039%: −$16.73
Slippage, 4 orders: −$84.65
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$119.38
Costs to cover: 1.026%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Aster: 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 Binance live order book, 10 min ago	2.29 bp	15.3 bp −$15	68.1 bp −$681	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	11.41 bp	27.8 bp −$28	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
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0017%	1h	0.04371	−0.157%	$11K	—	150x	as long as short
Kraken Futures PF_KASUSD	+0.0089%	1h	0.04377	−0.016%	$296K	$448K	20x	as long as short
Aster KASUSDTshort	+0.0100%	4h	0.04372	−0.129%	$256K	$201K	20x
Binance KASUSDTlong	+0.0100%	4h	0.04378	long leg	$4.0M	$11.2M	75x
Bybit KASUSDT	+0.0100%	4h	0.04374	−0.091%	$10.9M	$7.1M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04368	−0.228%	$2.2M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04377	−0.023%	$28.0M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04375	−0.066%	$4.2M	$6.8M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04373	−0.114%	$12.0M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04372	−0.137%	—	$69.5M	—	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	0.04370	−0.172%	$26K	$21K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0177% / S −0.2242%	1h	0.04371	−0.164%	$11K	—	100x	as long as short
Injective KAS/USDC PERP	+0.0329%	1h	0.04361	−0.388%	$45	$154K	5.5x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04381	+0.069%	$380K	$221K	75x	as long as short
Hyperliquid KAS	+0.0616%	1h	0.04386	+0.192%	$2.9M	$993K	3x	as long as short