Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%

Price spread now: Gate against Bybit−0.023%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1011.008% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.023%, 7d avg +0.003%

Together, before fees−0.040%−$4 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: Gate is 0.026% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KASUSDT	0.04357	0.0100	pay 0.0050% / 4h	2h 12m	$10.8M	$7.2M	50x
Short	Gate KAS_USDT	0.04356	0.0100	get 0.0100% / 8h	2h 12m	$2.2M	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → +0.003%: −$2.59
Slippage, 4 orders: −$74.76
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$103.35
Costs to cover: 1.008%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 5 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 Bybit live order book, 5 min ago	1.15 bp	24.3 bp −$24	68.8 bp −$688	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	6.89 bp	24.3 bp −$24	115.9 bp −$1,159	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
Kraken Futures PF_KASUSD	−0.0192%	1h	0.04358	+0.018%	$291K	$439K	20x	as long as short
Injective KAS/USDC PERP	−0.0009%	1h	0.04361	+0.092%	$45	$154K	5.5x	as long as short
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0017%	1h	0.04357	−0.010%	$11K	—	150x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0039% / S +0.0009%	1h	0.04356	−0.028%	$4K	—	100x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04361	+0.095%	$255K	$199K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04358	+0.023%	$4.0M	$11.2M	75x	as long as short
Bybit KASUSDTlong	+0.0100%	4h	0.04357	long leg	$10.8M	$7.2M	50x
Gate KAS_USDTshort	+0.0100%	8h	0.04356	−0.023%	$2.2M	$1.6M	75x
MEXC KAS_USDT	+0.0100%	4h	0.04358	+0.023%	$27.9M	$4.6M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04360	+0.067%	$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 KASUSDT	+0.0100%	4h	0.04358	+0.023%	$12.0M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04357	0.000%	—	$69.3M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04355	−0.050%	$26K	$20K	—	as long as short
Hyperliquid KAS	+0.0231%	1h	0.04369	+0.271%	$2.9M	$930K	3x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04363	+0.138%	$386K	$202K	75x	as long as short