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% APRpaid last 24h −0.002%

Price spread now: Gate against KuCoin+0.030%7-day average −0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1211.212% of the position

Long on KuCoin 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 7 days−0.148%−$15 · spread now +0.030%, 7d avg −0.095%

Together, before fees−0.185%−$19 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: Gate is 0.125% dearer against KuCoin than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin KASUSDTM	0.04325	0.0100	pay 0.0050% / 4h	0m 01s	$4.3M	$7.3M	50x
Short	Gate KAS_USDT	0.04326	0.0100	get 0.0100% / 8h	4h 00m	$2.1M	$1.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → −0.095%: $12.48
Slippage, 4 orders: −$94.22
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$108.73
Costs to cover: 1.212%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Gate: live order book, 3 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, 8 min ago	3.36 bp	40.7 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.32 bp	24.2 bp −$24	127.5 bp −$1,275	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	0.04326	+0.028%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+0.839%	$45	$154K	5.5x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04327	+0.055%	$4.2M	$12.7M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04321	−0.086%	$10.8M	$7.7M	50x	as long as short
Gate KAS_USDTshort	+0.0100%	8h	0.04326	+0.030%	$2.1M	$1.8M	75x
MEXC KAS_USDT	+0.0100%	4h	0.04327	+0.053%	$28.9M	$4.8M	200x	as long as short
KuCoin KASUSDTMlong	+0.0100%	4h	0.04325	long leg	$4.3M	$7.3M	50x
Bitget KASUSDT	+0.0100%	4h	0.04325	+0.007%	$11.9M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04323	−0.039%	—	$67.7M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04322	−0.057%	$23K	$23K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KASUSDT	+0.0104%	4h	0.04326	+0.030%	$254K	$167K	20x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0283% / S −0.5451%	1h	0.04325	+0.012%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04329	+0.099%	$379K	$296K	75x	as long as short
Hyperliquid KAS	+0.0609%	1h	0.04333	+0.192%	$2.8M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSD	+0.1193%	1h	0.04328	+0.066%	$310K	$505K	20x	as long as short