Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: Binance against Injective−0.229%7-day average +1.975% · you buy dearer than you sell

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

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)+2.576%+$258 · spread now −0.229%, 7d avg +1.975%

Together, before fees+2.689%+$269 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 2.204% cheaper against Injective than usual: you would sell low and buy high (spread −0.229% now, against its 7-day average of +1.975%). If the spread goes back, that is −$220 on $10k: about 4 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective KAS/USDC PERP	0.04361	0.0033	pay 0.0004% / 1h	17m 16s	$45	$154K	5.5x
Short	Binance KASUSDT	0.04351	0.0100	get 0.0050% / 4h	1h 17m	$4.2M	$12.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.229%Rate

Funding earned: $14
Price spread: −0.229% → +1.975%: −$220.4
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: −$216.42
Costs to cover: 0.100%
Break-even: 115.2 days

Slippage unknown: Injective: no order-book sample; Binance: live order book, 8 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 Binance live order book, 8 min ago	2.30 bp	18.3 bp −$18	62.9 bp −$629	526.2 bp −$52.6K	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
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0001%	1h	0.04343	−0.415%	$4K	—	150x	as long as short
Injective KAS/USDC PERPlong	+0.0033%	1h	0.04361	long leg	$45	$154K	5.5x
Binance KASUSDTshort	+0.0100%	4h	0.04351	−0.229%	$4.2M	$12.5M	75x
Bybit KASUSDT	+0.0100%	4h	0.04344	−0.390%	$10.8M	$7.6M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04343	−0.413%	$2.2M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04350	−0.252%	$29.0M	$4.7M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04349	−0.277%	$4.2M	$7.1M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04346	−0.344%	$11.9M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04347	−0.321%	—	$67.8M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04351	−0.236%	$26K	$20K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KASUSDT	+0.0111%	4h	0.04342	−0.446%	$255K	$167K	20x	as long as short
Kraken Futures PF_KASUSD	+0.0115%	1h	0.04351	−0.220%	$310K	$498K	20x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0291% / S −0.5848%	1h	0.04344	−0.394%	$12K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04345	−0.367%	$197K	$281K	75x	as long as short
Hyperliquid KAS	+0.0484%	1h	0.04356	−0.103%	$2.8M	$1.1M	3x	as long as short