Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Binance against Aster+0.117%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1111.113% of the position

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.005%$0 on $10k

Price spread, last 4 days (all we have)−0.217%−$22 · spread now +0.117%, 7d avg −0.036%

Together, before fees−0.222%+ Points / potential airdropAster: Stage 5 · farm board−$22 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: Binance is 0.153% dearer against Aster than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster KASUSDT	0.04279	0.0100	pay 0.0050% / 4h	3h 50m	$251K	$128K	20x
Short	Binance KASUSDT	0.04284	0.0100	get 0.0050% / 4h	3h 50m	$4.0M	$12.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aster. 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 AsterbpFee BinancebpOrdersPrice spread, now +0.117%Rate

Funding earned: $0
Price spread: +0.117% → −0.036%: $15.26
Slippage, 4 orders: −$93.25
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$96
Costs to cover: 1.113%
Break-even: never at this rate

Slippage from Aster: live order book, 46 min ago; Binance: live order book, 4 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 Aster live order book, 46 min ago	10.50 bp	44.7 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	1.17 bp	15.4 bp −$15	63.0 bp −$630	520.0 bp −$52.0K	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 −0.0008%	1h	0.04277	−0.046%	$14K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.916%	$45	$154K	5.5x	as long as short
Aster KASUSDTlong	+0.0100%	4h	0.04279	long leg	$251K	$128K	20x
Binance KASUSDTshort	+0.0100%	4h	0.04284	+0.117%	$4.0M	$12.6M	75x
Bybit KASUSDT	+0.0100%	4h	0.04280	+0.023%	$10.8M	$7.8M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04278	−0.023%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04284	+0.117%	$29.4M	$5.3M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04285	+0.131%	$4.4M	$7.2M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04280	+0.023%	$11.7M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04283	+0.093%	—	$53.7M	—	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	0.04274	−0.110%	$23K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0282% / S −0.1996%	1h	0.04278	−0.012%	$11K	—	100x	as long as short
Hyperliquid KAS	+0.0295%	1h	0.04288	+0.217%	$2.8M	$1.0M	3x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04282	+0.070%	$358K	$293K	75x	as long as short
Kraken Futures PF_KASUSD	+0.0710%	1h	0.04281	+0.054%	$305K	$496K	20x	as long as short