Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin−0.145%7-day average −0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$830.826% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 7 days+0.027%+$3 · spread now −0.145%, 7d avg −0.096%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.049% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin KASUSDTM	0.04274	0.0100	pay 0.0050% / 4h	48m 21s	$4.3M	$7.2M	50x
Short	Bybit KASUSDT	0.04268	0.0100	get 0.0050% / 4h	48m 21s	$10.6M	$7.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.145%Rate

Funding earned: $0
Price spread: −0.145% → −0.096%: −$4.89
Slippage, 4 orders: −$59.62
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$87.5
Costs to cover: 0.826%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Bybit: live order book, 5 min ago.

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 KuCoin live order book, 5 min ago	2.81 bp	30.2 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.51 bp	19.4 bp −$19	61.0 bp −$610	doesn't fit	doesn't fit

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	0.04266	−0.186%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+2.031%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04272	−0.043%	$251K	$167K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04273	−0.017%	$4.1M	$12.6M	75x	as long as short
Bybit KASUSDTshort	+0.0100%	4h	0.04268	−0.145%	$10.6M	$7.7M	50x
Gate KAS_USDT	+0.0100%	8h	0.04266	−0.192%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04273	−0.028%	$28.5M	$4.7M	200x	as long as short
KuCoin KASUSDTMlong	+0.0100%	4h	0.04274	long leg	$4.3M	$7.2M	50x
Bitget KASUSDT	+0.0100%	4h	0.04266	−0.192%	$11.7M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04269	−0.122%	—	$67.7M	—	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	0.04262	−0.291%	$25K	$20K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0282% / S −0.5451%	1h	0.04268	−0.138%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04268	−0.145%	$381K	$291K	75x	as long as short
Hyperliquid KAS	+0.0746%	1h	0.04280	+0.129%	$2.7M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSD	+0.1209%	1h	0.04270	−0.091%	$305K	$504K	20x	as long as short