Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.027%

Price spread now: gTrade (Gains Network) against Bitget+0.044%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.044% dearer against Bitget than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget KASUSDT	0.04375	0.0100	pay 0.0050% / 4h	2h 50m	$12.0M	$2.9M	50x
Short	gTrade (Gains Network) KAS/USD	0.04377	L +0.0010% / S −0.0017%	get 0.0002% / 1h	50m 18s	$11K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bitget. 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 BitgetbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.044%Rate

Funding earned: −$17.42
Price spread: +0.044% → 0.000%: $4.37
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$35.05
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; gTrade (Gains Network): 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 Bitget live order book, 3 min ago	3.43 bp	19.6 bp −$20	50.8 bp −$508	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Kraken Futures PF_KASUSD	−0.0191%	1h	0.04379	+0.083%	$290K	$431K	20x	as long as short
Injective KAS/USDC PERP	−0.0009%	1h	0.04423	+1.097%	$46	$102K	5.5x	as long as short
gTrade (Gains Network) KAS/USDshort	L +0.0010% / S −0.0017%	1h	0.04377	+0.044%	$11K	—	150x
GMX KAS/USD [WBTC.b-USDC]	L +0.0035% / S +0.0052%	1h	0.04376	+0.032%	$4K	—	100x	as long as short
Hyperliquid KAS	+0.0100%	1h	0.04384	+0.206%	$2.9M	$905K	3x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04378	+0.071%	$4.0M	$11.0M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04376	+0.023%	$10.8M	$7.1M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04372	−0.069%	$2.2M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04378	+0.069%	$27.8M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04374	−0.030%	$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 KASUSDTlong	+0.0100%	4h	0.04375	long leg	$12.0M	$2.9M	50x
BingX KAS-USDT	+0.0100%	4h	0.04375	0.000%	—	$69.1M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04377	+0.046%	$26K	$20K	—	as long as short
Aster KASUSDT	+0.0125%	4h	0.04376	+0.029%	$257K	$197K	20x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04378	+0.069%	$389K	$225K	75x	as long as short