Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: Aster against Gate+0.047%7-day average +0.146% · 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−$149as in the Price arb table

costs, in and out, $10k−$1391.387% of the position

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.020%+$2 on $10k

Price spread, last 4 days (all we have)+0.188%+$19 · spread now +0.047%, 7d avg +0.146%

Together, before fees+0.208%+ Points / potential airdropAster: Stage 5 · farm board+$21 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 0.099% cheaper against Gate than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.146%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate KAS_USDT	0.04420	0.0100	pay 0.0100% / 8h	6h 24m	$2.2M	$1.7M	75x
Short	Aster KASUSDT	0.04422	0.0100	get 0.0050% / 4h	2h 24m	$260K	$168K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → +0.146%: −$9.91
Slippage, 4 orders: −$115.74
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$148.65
Costs to cover: 1.387%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Aster: live order book, 42 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 Gate live order book, 3 min ago	4.52 bp	29.2 bp −$29	185.1 bp −$1,851	doesn't fit	doesn't fit
Sell Aster live order book, 42 min ago	11.36 bp	29.9 bp −$30	doesn't fit	doesn't fit	doesn't fit

KAS on 14 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 0.0000%	1h	0.04416	−0.093%	$3K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	−1.335%	$45	$154K	5.5x	as long as short
Aster KASUSDTshort	+0.0100%	4h	0.04422	+0.047%	$260K	$168K	20x
Binance KASUSDT	+0.0100%	4h	0.04422	+0.045%	$4.2M	$12.1M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04416	−0.090%	$11.0M	$7.3M	50x	as long as short
Gate KAS_USDTlong	+0.0100%	8h	0.04420	long leg	$2.2M	$1.7M	75x
MEXC KAS_USDT	+0.0100%	4h	0.04422	+0.045%	$29.2M	$4.6M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04427	+0.152%	$4.4M	$7.0M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04422	+0.045%	$12.2M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04422	+0.045%	—	$67.9M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KAS	+0.0100%	4h	0.04418	−0.050%	$26K	$20K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0292% / S −0.5848%	1h	0.04411	−0.197%	$12K	—	100x	as long as short
Hyperliquid KAS	+0.0437%	1h	0.04432	+0.281%	$2.9M	$1.0M	3x	as long as short
Kraken Futures PF_KASUSD	+0.0720%	1h	0.04431	+0.238%	$314K	$478K	20x	as long as short