Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.027%

Price spread now: gTrade (Gains Network) against Bybit+0.042%7-day average — · you sell dearer than you buy

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

Long on Bybit 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 0.042% dearer against Bybit than usual: you sell high and buy low (spread +0.042% 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 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KASUSDT	0.04349	0.0100	pay 0.0050% / 4h	1h 36m	$10.8M	$7.1M	50x
Short	gTrade (Gains Network) KAS/USD	0.04351	L +0.0010% / S −0.0017%	get 0.0002% / 1h	36m 15s	$11K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bybit. 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 BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.042%Rate

Funding earned: −$17.42
Price spread: +0.042% → 0.000%: $4.23
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$34.19
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	3.44 bp	19.4 bp −$19	67.7 bp −$677	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
gTrade (Gains Network) KAS/USDshort	L +0.0010% / S −0.0017%	1h	0.04351	+0.042%	$11K	—	150x
Kraken Futures PF_KASUSD	+0.0090%	1h	0.04354	+0.114%	$292K	$440K	20x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04355	+0.143%	$255K	$199K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04353	+0.092%	$4.0M	$11.2M	75x	as long as short
Bybit KASUSDTlong	+0.0100%	4h	0.04349	long leg	$10.8M	$7.1M	50x
Gate KAS_USDT	+0.0100%	8h	0.04349	0.000%	$2.2M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04356	+0.161%	$27.9M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04357	+0.177%	$4.2M	$6.8M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04348	−0.023%	$11.9M	$2.9M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04349	0.000%	—	$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	0.04376	+0.621%	$26K	$21K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0147% / S −0.1347%	1h	0.04351	+0.037%	$11K	—	100x	as long as short
Injective KAS/USDC PERP	+0.0329%	1h	0.04361	+0.276%	$45	$154K	5.5x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04361	+0.276%	$381K	$201K	75x	as long as short
Hyperliquid KAS	+0.0463%	1h	0.04361	+0.269%	$2.8M	$923K	3x	as long as short