Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance−0.133%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$730.735% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 7 days+0.119%+$12 · spread now −0.133%, 7d avg −0.083%

Together, before fees+0.094%+$9 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 0.051% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance KASUSDT	0.04347	0.0100	pay 0.0050% / 4h	2h 52m	$4.1M	$12.8M	75x
Short	Bybit KASUSDT	0.04341	0.0100	get 0.0050% / 4h	2h 52m	$10.9M	$7.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.133%Rate

Funding earned: $0
Price spread: −0.133% → −0.083%: −$5.08
Slippage, 4 orders: −$52.48
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$78.56
Costs to cover: 0.735%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Bybit: live order book, 6 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 Binance live order book, 3 min ago	1.15 bp	15.7 bp −$16	65.7 bp −$657	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	3.47 bp	17.3 bp −$17	64.3 bp −$643	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	0.04337	−0.228%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+0.327%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04341	−0.133%	$255K	$145K	20x	as long as short
Binance KASUSDTlong	+0.0100%	4h	0.04347	long leg	$4.1M	$12.8M	75x
Bybit KASUSDTshort	+0.0100%	4h	0.04341	−0.133%	$10.9M	$7.8M	50x
Gate KAS_USDT	+0.0100%	8h	0.04338	−0.202%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04346	−0.018%	$29.2M	$4.8M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04343	−0.087%	$4.3M	$7.4M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04341	−0.133%	$11.9M	$3.2M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04342	−0.110%	—	$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	0.04339	−0.174%	$24K	$24K	—	as long as short
Hyperliquid KAS	+0.0108%	1h	0.04350	+0.071%	$2.8M	$1.1M	3x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0284% / S −0.1996%	1h	0.04339	−0.186%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04342	−0.110%	$373K	$296K	75x	as long as short
Kraken Futures PF_KASUSD	+0.0374%	1h	0.04340	−0.147%	$305K	$513K	20x	as long as short