Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: Bitget against Injective−3.371%71s7-day average +1.645% · you buy dearer than you sell

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

Long on Injective Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 4 days (all we have)+6.462%+$646 · spread now −3.371%, 7d avg +1.645%

Together, before fees+6.543%+$654 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 5.016% cheaper against Injective than usual: you would sell low and buy high (spread −3.371% now, against its 7-day average of +1.645%). If the spread goes back, that is −$502 on $10k: about 8 months of funding at the current rate (+$2 a day). The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.

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	22m 03s	$45	$154K	5.5x
Short	Bitget KASUSDT	0.04214	0.0100	get 0.0050% / 4h	2h 22m	$11.6M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −3.371%Rate

Funding earned: $14
Price spread: −3.371% → +1.645%: −$501.61
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$499.63
Costs to cover: 0.120%
Break-even: 256.8 days

Slippage unknown: Injective: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago	3.55 bp	15.1 bp −$15	43.5 bp −$435	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 exchanges

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 −0.0008%	1h	0.04212	−3.417%	$14K	—	150x	as long as short
Injective KAS/USDC PERPlong	+0.0033%	1h	0.04361	long leg	$45	$154K	5.5x
Aster KASUSDT	+0.0100%	4h	0.04220	−3.233%	$248K	$125K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04227	−3.073%	$3.8M	$13.0M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04222	−3.187%	$10.7M	$7.8M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04212	−3.417%	$2.1M	$1.7M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04219	−3.256%	$28.7M	$5.4M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04220	−3.240%	$4.4M	$7.2M	50x	as long as short
Bitget KASUSDTshort	+0.0100%	4h	0.04214	−3.371%	$11.6M	$3.0M	50x
BingX KAS-USDT	+0.0100%	4h	0.04216	−3.325%	—	$53.7M	—	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KAS	+0.0100%	4h	0.04230	−3.001%	$22K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0219% / S −0.0776%	1h	0.04212	−3.410%	$5K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04234	−2.912%	$337K	$274K	75x	as long as short
Hyperliquid KAS	+0.0735%	1h	0.04227	−3.082%	$2.7M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSD	+0.0891%	1h	0.04221	−3.202%	$292K	$525K	20x	as long as short