Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against Binance+0.832%7-day average −1.861% · you sell dearer than you buy

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

Long on Binance Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 4 days (all we have)−4.279%−$428 · spread now +0.832%, 7d avg −1.861%

Together, before fees−4.392%−$439 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 2.694% dearer against Binance than usual: you sell high and buy low (spread +0.832% now, against its 7-day average of −1.861%): +$269 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance KASUSDT	0.04325	0.0100	pay 0.0050% / 4h	2h 41m	$4.1M	$12.8M	75x
Short	Injective KAS/USDC PERP	0.04361	0.0033	get 0.0004% / 1h	41m 13s	$45	$154K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Binance. 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 BinancebpFee InjectivebpOrdersPrice spread, now +0.832%Rate

Funding earned: −$14
Price spread: +0.832% → −1.861%: $269.38
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $245.36
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 14 min ago; Injective: no order-book sample. 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 Binance live order book, 14 min ago	1.15 bp	15.7 bp −$16	65.7 bp −$657	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.04325	0.000%	$4K	—	150x	as long as short
Injective KAS/USDC PERPshort	+0.0033%	1h	0.04361	+0.832%	$45	$154K	5.5x
Hyperliquid KAS	+0.0100%	1h	0.04339	+0.328%	$2.8M	$1.1M	3x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04328	+0.073%	$254K	$145K	20x	as long as short
Binance KASUSDTlong	+0.0100%	4h	0.04325	long leg	$4.1M	$12.8M	75x
Bybit KASUSDT	+0.0100%	4h	0.04324	−0.023%	$10.8M	$7.8M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04328	+0.069%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04332	+0.162%	$29.2M	$4.9M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04335	+0.229%	$4.3M	$7.4M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04324	−0.023%	$11.9M	$3.2M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX KAS-USDT	+0.0100%	4h	0.04326	+0.023%	—	$67.7M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04335	+0.225%	$24K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0283% / S −0.1996%	1h	0.04325	+0.005%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04328	+0.069%	$373K	$294K	75x	as long as short
Kraken Futures PF_KASUSD	+0.0376%	1h	0.04326	+0.023%	$304K	$505K	20x	as long as short