Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0109%/8h= +12.0% APRpaid last 24h +0.011%

Price spread now: Gate against Injective−0.115%7-day average +2.006% · you buy dearer than you sell

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

Long on Injective Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 3 days (all we have)+3.193%+$319 · spread now −0.115%, 7d avg +2.006%

Together, before fees+3.230%+$323 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 2.121% cheaper against Injective than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of +2.006%). If the spread goes back, that is −$212 on $10k: about 2 months of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.037% in total) that is about 14 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective KAS/USDC PERP	0.04361	−0.0009	get 0.0001% / 1h	13m 08s	$45	$154K	5.5x
Short	Gate KAS_USDT	0.04356	0.0100	get 0.0100% / 8h	2h 13m	$2.2M	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.115%Rate

Funding earned: $22.96
Price spread: −0.115% → +2.006%: −$212.08
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$204.14
Costs to cover: 0.150%
Break-even: 69.2 days

Slippage unknown: Injective: no order-book sample; Gate: 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 Gate live order book, 5 min ago	6.89 bp	24.3 bp −$24	115.9 bp −$1,159	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	0.04358	−0.074%	$291K	$439K	20x	as long as short
Injective KAS/USDC PERPlong	−0.0009%	1h	0.04361	long leg	$45	$154K	5.5x
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0017%	1h	0.04357	−0.102%	$11K	—	150x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0039% / S +0.0009%	1h	0.04356	−0.119%	$4K	—	100x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04361	−0.001%	$255K	$199K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04358	−0.057%	$4.0M	$11.2M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04355	−0.138%	$10.8M	$7.2M	50x	as long as short
Gate KAS_USDTshort	+0.0100%	8h	0.04356	−0.115%	$2.2M	$1.6M	75x
MEXC KAS_USDT	+0.0100%	4h	0.04358	−0.069%	$27.9M	$4.6M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04361	−0.009%	$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	0.04358	−0.069%	$12.0M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04357	−0.092%	—	$69.3M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04355	−0.142%	$26K	$20K	—	as long as short
Hyperliquid KAS	+0.0229%	1h	0.04369	+0.186%	$2.9M	$930K	3x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04363	+0.046%	$386K	$202K	75x	as long as short