Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: Variational Omni against Bybit−0.046%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.046% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KASUSDT	0.04311	0.0100	pay 0.0050% / 4h	32m 56s	$10.7M	$7.1M	50x
Short	Variational Omni KAS	0.04309	0.0100	get 0.0050% / 4h	32m 56s	$25K	$21K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → 0.000%: −$4.63
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$15.63
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; Variational Omni: 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, 5 min ago	2.32 bp	18.3 bp −$18	62.1 bp −$621	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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 −0.0017%	1h	0.04311	+0.007%	$11K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.160%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04315	+0.102%	$254K	$168K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04316	+0.117%	$4.0M	$11.2M	75x	as long as short
Bybit KASUSDTlong	+0.0100%	4h	0.04311	long leg	$10.7M	$7.1M	50x
Gate KAS_USDT	+0.0100%	8h	0.04309	−0.046%	$2.1M	$1.7M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04316	+0.116%	$28.0M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04317	+0.128%	$4.2M	$6.8M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04311	0.000%	$11.9M	$2.9M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04312	+0.023%	—	$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 KASshort	+0.0100%	4h	0.04309	−0.046%	$25K	$21K	—
GMX KAS/USD [WBTC.b-USDC]	L +0.0242% / S −0.4325%	1h	0.04310	−0.028%	$11K	—	100x	as long as short
Kraken Futures PF_KASUSD	+0.0317%	1h	0.04313	+0.044%	$297K	$456K	20x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04311	0.000%	$373K	$202K	75x	as long as short
Hyperliquid KAS	+0.1083%	1h	0.04325	+0.329%	$2.8M	$982K	3x	as long as short