Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.027%

Price spread now: gTrade (Gains Network) against Binance−0.227%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and gTrade (Gains Network) is 0.227% cheaper against Binance than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance KASUSDT	0.04324	0.0100	pay 0.0050% / 4h	46m 21s	$4.0M	$11.2M	75x
Short	gTrade (Gains Network) KAS/USD	0.04314	L +0.0010% / S −0.0017%	get 0.0002% / 1h	46m 21s	$11K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.227%Rate

Funding earned: −$17.42
Price spread: −0.227% → 0.000%: −$22.71
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$60.13
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 9 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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, 9 min ago	1.14 bp	16.2 bp −$16	59.8 bp −$598	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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/USDshort	L +0.0010% / S −0.0017%	1h	0.04314	−0.227%	$11K	—	150x
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+0.855%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04327	+0.068%	$253K	$167K	20x	as long as short
Binance KASUSDTlong	+0.0100%	4h	0.04324	long leg	$4.0M	$11.2M	75x
Bybit KASUSDT	+0.0100%	4h	0.04315	−0.209%	$10.7M	$7.1M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04311	−0.302%	$2.1M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04320	−0.093%	$27.8M	$4.4M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04318	−0.140%	$4.2M	$6.8M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04315	−0.209%	$11.9M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04317	−0.163%	—	$69.5M	—	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	0.04355	+0.726%	$26K	$21K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0224% / S −0.3733%	1h	0.04313	−0.253%	$11K	—	100x	as long as short
Kraken Futures PF_KASUSD	+0.0314%	1h	0.04361	+0.849%	$299K	$452K	20x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04360	+0.832%	$376K	$209K	75x	as long as short
Hyperliquid KAS	+0.1284%	1h	0.04328	+0.103%	$2.8M	$981K	3x	as long as short