Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0109%/8h= −12.0% APRpaid last 24h −0.022%

Price spread now: Injective against Binance+0.092%7-day average −2.112% · you sell dearer than you buy

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

Long on Binance Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$12 on $10k

Price spread, last 3 days (all we have)−3.241%−$324 · spread now +0.092%, 7d avg −2.112%

Together, before fees−3.356%−$336 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 2.204% dearer against Binance than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of −2.112%): +$220 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance KASUSDT	0.04357	0.0100	pay 0.0050% / 4h	2h 07m	$4.0M	$11.2M	75x
Short	Injective KAS/USDC PERP	0.04361	−0.0009	pay 0.0001% / 1h	7m 20s	$45	$154K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +0.092%Rate

Funding earned: −$22.96
Price spread: +0.092% → −2.112%: $220.37
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $187.39
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 3 min ago; Injective: 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, 3 min ago	1.14 bp	14.5 bp −$15	65.5 bp −$655	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Kraken Futures PF_KASUSD	−0.0192%	1h	0.04358	+0.014%	$291K	$439K	20x	as long as short
Injective KAS/USDC PERPshort	−0.0009%	1h	0.04361	+0.092%	$45	$154K	5.5x
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0017%	1h	0.04356	−0.012%	$11K	—	150x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0049% / S −0.0107%	1h	0.04355	−0.050%	$4K	—	100x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04360	+0.066%	$255K	$199K	20x	as long as short
Binance KASUSDTlong	+0.0100%	4h	0.04357	long leg	$4.0M	$11.2M	75x
Bybit KASUSDT	+0.0100%	4h	0.04355	−0.046%	$10.8M	$7.2M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04356	−0.023%	$2.2M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04359	+0.046%	$27.9M	$4.6M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04359	+0.050%	$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	0.04351	−0.138%	$12.0M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04355	−0.046%	—	$69.3M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04356	−0.025%	$26K	$20K	—	as long as short
Hyperliquid KAS	+0.0297%	1h	0.04367	+0.227%	$2.9M	$928K	3x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04363	+0.138%	$385K	$202K	75x	as long as short