Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.008%

Price spread now: Injective against Gate+1.277%7-day average −1.952% · you sell dearer than you buy

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

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 3 days (all we have)−4.655%−$466 · spread now +1.277%, 7d avg −1.952%

Together, before fees−4.689%−$469 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 3.229% dearer against Gate than usual: you sell high and buy low (spread +1.277% now, against its 7-day average of −1.952%): +$323 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5 months. At the pace of the last 7 days (−0.033% in total) that is about 23 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate KAS_USDT	0.04306	0.0100	pay 0.0100% / 8h	34m 29s	$2.1M	$1.6M	75x
Short	Injective KAS/USDC PERP	0.04361	0.0033	get 0.0004% / 1h	34m 29s	$45	$154K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. 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 GatebpFee InjectivebpOrdersPrice spread, now +1.277%Rate

Funding earned: −$14
Price spread: +1.277% → −1.952%: $322.89
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $293.87
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 3 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 Gate live order book, 3 min ago	4.64 bp	27.1 bp −$27	192.0 bp −$1,920	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 −0.0017%	1h	0.04306	+0.008%	$11K	—	150x	as long as short
Injective KAS/USDC PERPshort	+0.0033%	1h	0.04361	+1.277%	$45	$154K	5.5x
Aster KASUSDT	+0.0100%	4h	0.04315	+0.199%	$254K	$168K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04312	+0.139%	$4.0M	$11.2M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04308	+0.046%	$10.7M	$7.1M	50x	as long as short
Gate KAS_USDTlong	+0.0100%	8h	0.04306	long leg	$2.1M	$1.6M	75x
MEXC KAS_USDT	+0.0100%	4h	0.04308	+0.046%	$28.0M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04310	+0.105%	$4.2M	$6.8M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04307	+0.023%	$11.9M	$2.9M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04311	+0.116%	—	$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	0.04309	+0.070%	$25K	$21K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0239% / S −0.4231%	1h	0.04306	−0.007%	$11K	—	100x	as long as short
Kraken Futures PF_KASUSD	+0.0317%	1h	0.04310	+0.081%	$297K	$455K	20x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04311	+0.116%	$373K	$202K	75x	as long as short
Hyperliquid KAS	+0.1083%	1h	0.04321	+0.341%	$2.8M	$982K	3x	as long as short