Settings8H · net · $10k
Funding arb · Price arb /

KAS

all KAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0896%/8h= +98.1% APRpaid last 24h +0.008%
Price spread now: Hyperliquid against Aster+0.296%7-day average +0.101% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.013%+$1 on $10k
Price spread, last 4 days (all we have)−0.243%−$24 · spread now +0.296%, 7d avg +0.101%
Together, before fees−0.230%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board−$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Hyperliquid is 0.195% dearer against Aster than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.101%.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.013% in total (about 0.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster KASUSDT0.043570.0100pay 0.0050% / 4h56m 31s$255K$201K20x
ShortHyperliquid KAS0.043690.0996get 0.0124% / 1h56m 31s$2.9M$974K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$188.06
Price spread: +0.296% → +0.101%
$19.53
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$190.6
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Aster: live order book, 20 min ago; Hyperliquid: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 20 min ago11.41 bp42.9 bp −$43doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 5 min ago1.59 bp19.7 bp −$20doesn't fitdoesn't fitdoesn't fit

KAS on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) KAS/USDL +0.0010% / S −0.0017%1h0.04353−0.076%$11K150xas long as short
Injective KAS/USDC PERP+0.0033%1h0.04361+0.101%$45$154K5.5xas long as short
Aster KASUSDTlong+0.0100%4h0.04357long leg$255K$201K20x
Binance KASUSDT+0.0100%4h0.04358+0.041%$4.0M$11.2M75xas long as short
Bybit KASUSDT+0.0100%4h0.04354−0.059%$10.8M$7.1M50xas long as short
Gate KAS_USDT+0.0100%8h0.04352−0.105%$2.1M$1.6M75xas long as short
MEXC KAS_USDT+0.0100%4h0.04359+0.055%$28.0M$4.4M200xas long as short
KuCoin KASUSDTM+0.0100%4h0.04358+0.021%$4.2M$6.8M50xas long as short
Bitget KASUSDT+0.0100%4h0.04354−0.059%$12.0M$2.9M50xas long as short
BingX KAS-USDT+0.0100%4h0.04356−0.013%$69.5Mas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni KAS+0.0100%4h0.04374+0.398%$26K$21Kas long as short
GMX KAS/USD [WBTC.b-USDC]L +0.0202% / S −0.3007%1h0.04354−0.055%$11K100xas long as short
Kraken Futures PF_KASUSD+0.0314%1h0.04358+0.039%$297K$450K20xas long as short
BloFin KAS-USDT+0.0340%4h0.04372+0.354%$377K$209K75xas long as short
Hyperliquid KASshort+0.0996%1h0.04369+0.296%$2.9M$974K3x