Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0307%/8h= −33.6% APRpaid last 24h −0.092%

Price spread now: Injective against BloFin+1.774%7-day average −2.149% · you sell dearer than you buy

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

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.417%−$42 on $10k

Price spread, last 4 days (all we have)−4.957%−$496 · spread now +1.774%, 7d avg −2.149%

Together, before fees−5.374%−$537 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 3.923% dearer against BloFin than usual: you sell high and buy low (spread +1.774% now, against its 7-day average of −2.149%): +$392 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 43 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin KAS-USDT	0.04285	0.0340	pay 0.0170% / 4h	1h 06m	$382K	$292K	75x
Short	Injective KAS/USDC PERP	0.04361	0.0033	get 0.0004% / 1h	6m 24s	$45	$154K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now +1.774%Rate

Funding earned: −$64.4
Price spread: +1.774% → −2.149%: $392.29
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $315.87
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 34 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 BloFin live order book, 34 min ago	8.08 bp	17.3 bp −$17	45.5 bp −$455	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
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0001%	1h	0.04275	−0.233%	$4K	—	150x	as long as short
Injective KAS/USDC PERPshort	+0.0033%	1h	0.04361	+1.774%	$45	$154K	5.5x
Aster KASUSDT	+0.0100%	4h	0.04289	+0.086%	$252K	$166K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04279	−0.140%	$4.1M	$12.6M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04275	−0.233%	$10.6M	$7.7M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04284	−0.023%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04277	−0.187%	$28.5M	$4.8M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04288	+0.061%	$4.2M	$7.2M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04281	−0.093%	$11.7M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04278	−0.163%	—	$67.9M	—	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	0.04304	+0.435%	$25K	$20K	—	as long as short
Kraken Futures PF_KASUSD	+0.0116%	1h	0.04291	+0.151%	$306K	$501K	20x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0289% / S −0.5848%	1h	0.04286	+0.021%	$11K	—	100x	as long as short
BloFin KAS-USDTlong	+0.0340%	4h	0.04285	long leg	$382K	$292K	75x
Hyperliquid KAS	+0.0512%	1h	0.04290	+0.117%	$2.7M	$1.1M	3x	as long as short