Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0134%/8h= +14.6% APRpaid last 24h +0.026%

Price spread now: Aster against Injective−1.402%7-day average +2.144% · you buy dearer than you sell

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

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.080%+$8 on $10k

Price spread, last 3 days (all we have)+4.627%+$463 · spread now −1.402%, 7d avg +2.144%

Together, before fees+4.708%+ Points / potential airdropAster: Stage 5 · farm board+$471 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 3.546% cheaper against Injective than usual: you would sell low and buy high (spread −1.402% now, against its 7-day average of +2.144%). If the spread goes back, that is −$355 on $10k: about 3 months of funding at the current rate (+$4 a day). At the pace of the last 5 days (+0.080% in total) that is about 8 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective KAS/USDC PERP	0.04423	−0.0009	get 0.0001% / 1h	40m 40s	$46	$102K	5.5x
Short	Aster KASUSDT	0.04361	0.0124	get 0.0062% / 4h	2h 40m	$256K	$197K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now −1.402%Rate

Funding earned: $28.09
Price spread: −1.402% → +2.144%: −$354.6
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$334.53
Costs to cover: 0.080%
Break-even: 90.4 days

Slippage unknown: Injective: no order-book sample; Aster: live order book, 46 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Aster live order book, 46 min ago	5.61 bp	22.7 bp −$23	doesn't fit	doesn't fit	doesn't fit

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
Kraken Futures PF_KASUSD	−0.0192%	1h	0.04361	−1.413%	$289K	$432K	20x	as long as short
Injective KAS/USDC PERPlong	−0.0009%	1h	0.04423	long leg	$46	$102K	5.5x
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0017%	1h	0.04363	−1.366%	$11K	—	150x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0036% / S +0.0041%	1h	0.04359	−1.454%	$4K	—	100x	as long as short
Hyperliquid KAS	+0.0100%	1h	0.04366	−1.282%	$2.8M	$911K	3x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04360	−1.432%	$4.0M	$11.0M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04357	−1.492%	$10.8M	$7.1M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04355	−1.537%	$2.2M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04357	−1.492%	$27.8M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04359	−1.456%	$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	0.04350	−1.650%	$11.9M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04356	−1.515%	—	$69.1M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04362	−1.379%	$26K	$20K	—	as long as short
Aster KASUSDTshort	+0.0124%	4h	0.04361	−1.402%	$256K	$197K	20x
BloFin KAS-USDT	+0.0340%	4h	0.04361	−1.402%	$391K	$223K	75x	as long as short