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: Binance against Bybit+0.115%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$660.656% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 7 days−0.104%−$10 · spread now +0.115%, 7d avg +0.085%

Together, before fees−0.079%−$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: Binance is 0.030% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KASUSDT	0.04281	0.0100	pay 0.0050% / 4h	2h 54m	$10.8M	$7.8M	50x
Short	Binance KASUSDT	0.04286	0.0100	get 0.0050% / 4h	2h 54m	$3.9M	$13.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.115%Rate

Funding earned: $0
Price spread: +0.115% → +0.085%: $3.01
Slippage, 4 orders: −$44.6
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$62.6
Costs to cover: 0.656%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 16 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, 4 min ago	2.32 bp	18.9 bp −$19	61.2 bp −$612	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	1.16 bp	13.3 bp −$13	50.3 bp −$503	343.2 bp −$34.3K	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	0.04315	+0.794%	$14K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.869%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04290	+0.212%	$252K	$130K	20x	as long as short
Binance KASUSDTshort	+0.0100%	4h	0.04286	+0.115%	$3.9M	$13.0M	75x
Bybit KASUSDTlong	+0.0100%	4h	0.04281	long leg	$10.8M	$7.8M	50x
Gate KAS_USDT	+0.0100%	8h	0.04276	−0.117%	$2.1M	$1.7M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04285	+0.093%	$29.4M	$5.2M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04288	+0.159%	$4.5M	$7.2M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04280	−0.023%	$11.7M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04283	+0.047%	—	$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	0.04309	+0.646%	$23K	$23K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0282% / S −0.1996%	1h	0.04292	+0.248%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04310	+0.677%	$345K	$285K	75x	as long as short
Hyperliquid KAS	+0.0709%	1h	0.04295	+0.332%	$2.8M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSD	+0.0875%	1h	0.04297	+0.363%	$299K	$515K	20x	as long as short