Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Aster against Bybit+0.023%7-day average +0.126% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1101.103% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.005%+$1 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now +0.023%, 7d avg +0.126%

Together, before fees+0.121%+ Points / potential airdropAster: Stage 5 · farm board+$12 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: Aster is 0.103% cheaper against Bybit than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.126%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KASUSDT	0.04338	0.0100	pay 0.0050% / 4h	2h 53m	$10.9M	$7.8M	50x
Short	Aster KASUSDT	0.04339	0.0100	get 0.0050% / 4h	2h 53m	$255K	$145K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → +0.126%: −$10.31
Slippage, 4 orders: −$91.32
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$120.64
Costs to cover: 1.103%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Aster: live order book, 58 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 Bybit live order book, 5 min ago	3.47 bp	20.3 bp −$20	64.1 bp −$641	doesn't fit	doesn't fit
Sell Aster live order book, 58 min ago	12.69 bp	27.7 bp −$28	doesn't fit	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 −0.0001%	1h	0.04337	−0.025%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+0.530%	$45	$154K	5.5x	as long as short
Aster KASUSDTshort	+0.0100%	4h	0.04339	+0.023%	$255K	$145K	20x
Binance KASUSDT	+0.0100%	4h	0.04344	+0.139%	$4.1M	$12.8M	75x	as long as short
Bybit KASUSDTlong	+0.0100%	4h	0.04338	long leg	$10.9M	$7.8M	50x
Gate KAS_USDT	+0.0100%	8h	0.04337	−0.023%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04342	+0.092%	$29.2M	$4.8M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04342	+0.081%	$4.3M	$7.4M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04338	0.000%	$11.9M	$3.2M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04340	+0.046%	—	$67.7M	—	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	0.04339	+0.029%	$24K	$24K	—	as long as short
Hyperliquid KAS	+0.0116%	1h	0.04348	+0.221%	$2.8M	$1.1M	3x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0284% / S −0.1996%	1h	0.04339	+0.016%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04342	+0.092%	$373K	$296K	75x	as long as short
Kraken Futures PF_KASUSD	+0.0374%	1h	0.04340	+0.056%	$305K	$513K	20x	as long as short