Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0310%/8h= +33.9% APRpaid last 24h +0.036%

Price spread now: Hyperliquid against Binance+0.188%7-day average +0.116% · you sell dearer than you buy

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

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 7 days−0.136%−$14 · spread now +0.188%, 7d avg +0.116%

Together, before fees−0.098%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Hyperliquid is 0.072% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.116%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.038% in total (about 2.0% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance KASUSDT	0.04426	0.0100	pay 0.0050% / 4h	2h 26m	$4.2M	$12.0M	75x
Short	Hyperliquid KAS	0.04434	0.0410	get 0.0051% / 1h	26m 36s	$2.9M	$1.0M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.188%Rate

Funding earned: $65.02
Price spread: +0.188% → +0.116%: $7.19
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $53.21
Costs to cover: 0.190%
Break-even: 1.3 days

Slippage unknown: Binance: live order book, 14 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 14 min ago	1.14 bp	15.1 bp −$15	69.7 bp −$697	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	3.47 bp	24.9 bp −$25	doesn't fit	doesn't fit	doesn't fit

KAS on 14 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 0.0000%	1h	0.04427	+0.019%	$3K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	−1.469%	$45	$154K	5.5x	as long as short
Binance KASUSDTlong	+0.0100%	4h	0.04426	long leg	$4.2M	$12.0M	75x
Bybit KASUSDT	+0.0100%	4h	0.04419	−0.158%	$11.0M	$7.3M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04416	−0.226%	$2.2M	$1.7M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04429	+0.068%	$29.2M	$4.6M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04424	−0.038%	$4.4M	$6.9M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04419	−0.158%	$12.2M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04422	−0.090%	—	$67.9M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04440	+0.323%	$26K	$20K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KASUSDT	+0.0106%	4h	0.04426	+0.002%	$260K	$168K	20x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0293% / S −0.5848%	1h	0.04428	+0.052%	$12K	—	100x	as long as short
Hyperliquid KASshort	+0.0410%	1h	0.04434	+0.188%	$2.9M	$1.0M	3x
Kraken Futures PF_KASUSD	+0.0720%	1h	0.04430	+0.101%	$313K	$473K	20x	as long as short