Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0006%/8h= −0.6% APRpaid last 24h −0.015%

Price spread now: Gate against Aster−0.085%7-day average −0.148% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$980.982% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.025%−$3 on $10k

Price spread, last 4 days (all we have)−0.165%−$17 · spread now −0.085%, 7d avg −0.148%

Together, before fees−0.190%+ Points / potential airdropAster: Stage 5 · farm board−$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 0.063% dearer against Aster than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.148%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster KASUSDT	0.04360	0.0106	pay 0.0053% / 4h	2h 29m	$256K	$199K	20x
Short	Gate KAS_USDT	0.04356	0.0100	get 0.0100% / 8h	2h 29m	$2.2M	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.085%Rate

Funding earned: −$1.16
Price spread: −0.085% → −0.148%: $6.28
Slippage, 4 orders: −$75.22
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$93.1
Costs to cover: 0.982%
Break-even: never at this rate

Slippage from Aster: live order book, 57 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 Aster live order book, 57 min ago	5.61 bp	20.6 bp −$21	478.0 bp −$4,780	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	5.75 bp	25.0 bp −$25	114.4 bp −$1,144	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
Kraken Futures PF_KASUSD	−0.0191%	1h	0.04366	+0.145%	$291K	$437K	20x	as long as short
Injective KAS/USDC PERP	−0.0009%	1h	0.04361	+0.029%	$45	$154K	5.5x	as long as short
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0017%	1h	0.04360	+0.008%	$11K	—	150x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0037% / S +0.0026%	1h	0.04361	+0.031%	$4K	—	100x	as long as short
Hyperliquid KAS	+0.0100%	1h	0.04369	+0.201%	$2.8M	$914K	3x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04368	+0.181%	$4.0M	$11.0M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04366	+0.144%	$10.8M	$7.1M	50x	as long as short
Gate KAS_USDTshort	+0.0100%	8h	0.04356	−0.085%	$2.2M	$1.6M	75x
MEXC KAS_USDT	+0.0100%	4h	0.04365	+0.121%	$28.0M	$4.6M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04363	+0.073%	$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	0.04365	+0.121%	$12.0M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04360	+0.006%	—	$69.1M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04357	−0.067%	$26K	$20K	—	as long as short
Aster KASUSDTlong	+0.0106%	4h	0.04360	long leg	$256K	$199K	20x
BloFin KAS-USDT	+0.0340%	4h	0.04360	+0.006%	$385K	$201K	75x	as long as short