Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%

Price spread now: Gate against Bybit+0.046%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$960.962% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 7 days−0.055%−$6 · spread now +0.046%, 7d avg +0.003%

Together, before fees−0.108%−$11 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: Gate is 0.043% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KASUSDT	0.04359	0.0100	pay 0.0050% / 4h	2h 10m	$10.8M	$7.2M	50x
Short	Gate KAS_USDT	0.04361	0.0100	get 0.0100% / 8h	2h 10m	$2.2M	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → +0.003%: $4.3
Slippage, 4 orders: −$70.22
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$91.93
Costs to cover: 0.962%
Break-even: never at this rate

Slippage from Bybit: live order book, 8 min ago; Gate: live order book, 2 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, 8 min ago	1.15 bp	24.3 bp −$24	68.8 bp −$688	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	8.04 bp	25.8 bp −$26	117.9 bp −$1,179	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
Kraken Futures PF_KASUSD	−0.0192%	1h	0.04360	+0.014%	$292K	$439K	20x	as long as short
Injective KAS/USDC PERP	−0.0009%	1h	0.04361	+0.046%	$45	$154K	5.5x	as long as short
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0017%	1h	0.04364	+0.115%	$11K	—	150x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0039% / S +0.0009%	1h	0.04360	+0.032%	$4K	—	100x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04370	+0.252%	$256K	$199K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04367	+0.180%	$4.1M	$11.2M	75x	as long as short
Bybit KASUSDTlong	+0.0100%	4h	0.04359	long leg	$10.8M	$7.2M	50x
Gate KAS_USDTshort	+0.0100%	8h	0.04361	+0.046%	$2.2M	$1.6M	75x
MEXC KAS_USDT	+0.0100%	4h	0.04365	+0.138%	$27.9M	$4.6M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04365	+0.126%	$4.2M	$6.8M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget KASUSDT	+0.0100%	4h	0.04361	+0.046%	$12.0M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04362	+0.069%	—	$69.3M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04356	−0.071%	$26K	$20K	—	as long as short
Hyperliquid KAS	+0.0266%	1h	0.04375	+0.374%	$2.9M	$931K	3x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04363	+0.092%	$385K	$202K	75x	as long as short