Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bybit+0.144%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$730.730% 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−0.063%−$6 · spread now +0.144%, 7d avg +0.083%

Together, before fees−0.038%−$4 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 0.061% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KASUSDT	0.04308	0.0100	pay 0.0050% / 4h	3h 55m	$10.7M	$7.1M	50x
Short	Binance KASUSDT	0.04314	0.0100	get 0.0050% / 4h	3h 55m	$4.0M	$11.4M	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 +0.144%Rate

Funding earned: $0
Price spread: +0.144% → +0.083%: $6.08
Slippage, 4 orders: −$52.04
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$66.97
Costs to cover: 0.730%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 14 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, 3 min ago	4.63 bp	19.5 bp −$20	63.3 bp −$633	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	1.15 bp	18.1 bp −$18	62.0 bp −$620	479.9 bp −$48.0K	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	0.04317	+0.201%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.230%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04322	+0.321%	$255K	$168K	20x	as long as short
Binance KASUSDTshort	+0.0100%	4h	0.04314	+0.144%	$4.0M	$11.4M	75x
Bybit KASUSDTlong	+0.0100%	4h	0.04308	long leg	$10.7M	$7.1M	50x
Gate KAS_USDT	+0.0100%	8h	0.04311	+0.070%	$2.1M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04316	+0.186%	$28.0M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04317	+0.204%	$4.3M	$6.8M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04309	+0.023%	$11.9M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04316	+0.186%	—	$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	0.04325	+0.393%	$25K	$21K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0289% / S −0.5848%	1h	0.04316	+0.188%	$12K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04318	+0.232%	$371K	$204K	75x	as long as short
Kraken Futures PF_KASUSD	+0.0408%	1h	0.04322	+0.336%	$303K	$460K	20x	as long as short
Hyperliquid KAS	+0.0420%	1h	0.04328	+0.457%	$2.8M	$1.0M	3x	as long as short