Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance−0.112%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

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

costs, in and out, $10k−$730.728% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 7 days+0.074%+$7 · spread now −0.112%, 7d avg −0.083%

Together, before fees+0.049%+$5 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 0.030% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance KASUSDT	0.04303	0.0100	pay 0.0050% / 4h	31m 17s	$4.1M	$12.7M	75x
Short	Bybit KASUSDT	0.04298	0.0100	get 0.0050% / 4h	31m 17s	$10.7M	$7.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.112%Rate

Funding earned: $0
Price spread: −0.112% → −0.083%: −$2.95
Slippage, 4 orders: −$51.85
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$75.8
Costs to cover: 0.728%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Bybit: live order book, 2 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, 9 min ago	1.17 bp	16.6 bp −$17	74.8 bp −$748	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	4.67 bp	18.9 bp −$19	61.0 bp −$610	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	−0.091%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.352%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04306	+0.074%	$253K	$166K	20x	as long as short
Binance KASUSDTlong	+0.0100%	4h	0.04303	long leg	$4.1M	$12.7M	75x
Bybit KASUSDTshort	+0.0100%	4h	0.04298	−0.112%	$10.7M	$7.7M	50x
Gate KAS_USDT	+0.0100%	8h	0.04301	−0.042%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04303	+0.004%	$28.8M	$4.8M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04305	+0.041%	$4.3M	$7.3M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04298	−0.112%	$11.8M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04301	−0.042%	—	$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	0.04268	−0.815%	$23K	$23K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0282% / S −0.5451%	1h	0.04296	−0.163%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04311	+0.190%	$378K	$294K	75x	as long as short
Hyperliquid KAS	+0.0605%	1h	0.04309	+0.143%	$2.8M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSD	+0.1200%	1h	0.04303	−0.005%	$307K	$502K	20x	as long as short