Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0092%/8h= −10.0% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Bitget−0.094%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 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 −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.094% cheaper against Bitget than usual: you would sell low and buy high (−$9 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	Bitget KASUSDT	0.04260	0.0100	pay 0.0050% / 4h	3h 31m	$11.7M	$3.0M	50x
Short	gTrade (Gains Network) KAS/USD	0.04256	L +0.0010% / S −0.0008%	get 0.0001% / 1h	31m 13s	$14K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bitget. 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 BitgetbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.094%Rate

Funding earned: −$19.25
Price spread: −0.094% → 0.000%: −$9.39
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$50.64
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago	2.34 bp	14.4 bp −$14	68.6 bp −$686	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 −0.0008%	1h	0.04256	−0.094%	$14K	—	150x
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+2.371%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04257	−0.060%	$250K	$131K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04261	+0.026%	$3.9M	$13.1M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04257	−0.070%	$10.8M	$7.9M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04258	−0.047%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04262	+0.047%	$29.3M	$5.3M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04263	+0.073%	$4.4M	$7.2M	50x	as long as short
Bitget KASUSDTlong	+0.0100%	4h	0.04260	long leg	$11.7M	$3.0M	50x
BingX KAS-USDT	+0.0100%	4h	0.04260	0.000%	—	$53.7M	—	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	0.04272	+0.277%	$23K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0282% / S −0.1996%	1h	0.04257	−0.077%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04261	+0.023%	$356K	$288K	75x	as long as short
Hyperliquid KAS	+0.0453%	1h	0.04268	+0.195%	$2.7M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSD	+0.0714%	1h	0.04260	−0.007%	$303K	$499K	20x	as long as short