Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Bitget−0.070%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$690.687% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days+0.074%+$7 · spread now −0.070%, 7d avg −0.039%

Together, before fees+0.080%+$8 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 0.030% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget KASUSDT	0.04312	0.0100	pay 0.0050% / 4h	3h 12m	$11.8M	$3.0M	50x
Short	Bybit KASUSDT	0.04309	0.0100	get 0.0050% / 4h	3h 12m	$10.9M	$7.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.070%Rate

Funding earned: $0
Price spread: −0.070% → −0.039%: −$3.04
Slippage, 4 orders: −$45.7
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$71.74
Costs to cover: 0.687%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 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 Bitget live order book, 1 min ago	3.48 bp	15.8 bp −$16	40.9 bp −$409	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	1.16 bp	17.8 bp −$18	62.6 bp −$626	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 −0.0008%	1h	0.04309	−0.067%	$14K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.136%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04310	−0.042%	$253K	$130K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04313	+0.032%	$3.9M	$13.0M	75x	as long as short
Bybit KASUSDTshort	+0.0100%	4h	0.04309	−0.070%	$10.9M	$7.8M	50x
Gate KAS_USDT	+0.0100%	8h	0.04307	−0.116%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04313	+0.023%	$29.5M	$5.3M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04314	+0.046%	$4.5M	$7.1M	50x	as long as short
Bitget KASUSDTlong	+0.0100%	4h	0.04312	long leg	$11.8M	$3.0M	50x
BingX KAS-USDT	+0.0100%	4h	0.04312	0.000%	—	$53.6M	—	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	0.04307	−0.119%	$23K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0282% / S −0.1996%	1h	0.04309	−0.063%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04309	−0.070%	$350K	$290K	75x	as long as short
Hyperliquid KAS	+0.0454%	1h	0.04319	+0.169%	$2.8M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSD	+0.0705%	1h	0.04315	+0.063%	$307K	$507K	20x	as long as short